Funding you earn now, next payment 07:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.227%
Price spread now: Variational Omni against Kraken Futures+0.196%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Variational Omni is 0.196% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.196% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USUALUSD | 0.01382 | 0.0141 | pay 0.0018% / 1h | 45m 35s | $109K | $19K | 10x |
| Short | Variational Omni USUAL | 0.01384 | 0.0100 | get 0.0050% / 4h | 1h 45m | $10K | $1K | — |
Kraken Futures PF_USUALUSD
Variational Omni USUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.55
- Price spread: +0.196% → 0.000%
- $19.64
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $1.09
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 61 min ago; Variational Omni: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 61 min ago | 38.80 bp | 43.8 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
USUAL on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.5000% | 1h | 0.01373 | −0.626% | $6K | $3K | 5.5x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01383 | +0.098% | $393K | $188K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01382 | +0.004% | $2.2M | $3.2M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01383 | +0.084% | $1.0M | $784K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01384 | +0.170% | $936K | $107K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01381 | −0.039% | $6.1M | $261K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01383 | +0.098% | $265K | $65K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01383 | +0.098% | $800K | $405K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01381 | −0.025% | — | $1.2M | — | as long as short |
| Variational Omni USUALshort | +0.0100% | 4h | 0.01384 | +0.196% | $10K | $1K | — |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_USUALUSDlong | +0.0141% | 1h | 0.01382 | long leg | $109K | $19K | 10x |