Funding arb · Price arb /

YGG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.2032%/8h= −222.5% APRpaid last 24h −0.563%

Price spread now: Kraken Futures against Variational Omni−0.322%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

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

Both sides work against this trade now: funding costs −$61 a day on $10k at the current rate, and Kraken Futures is 0.322% cheaper against Variational Omni than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni YGG	0.02628	0.0100	pay 0.0050% / 4h	2h 04m	$2K	$1	—
Short	Kraken Futures PF_YGGUSD	0.02619	−0.1932	pay 0.0242% / 1h	4m 29s	$12K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.322%Rate

Funding earned: −$426.73
Price spread: −0.322% → 0.000%: −$32.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$468.93
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Variational Omni and Kraken Futures: 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.

YGG on 12 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
Kraken Futures PF_YGGUSDshort	−0.1932%	1h	0.02619	−0.322%	$12K	$3K	10x
Hyperliquid YGG	+0.0100%	1h	0.02626	−0.059%	$195K	$124K	3x	as long as short
Aster YGGUSDT	+0.0100%	4h	0.02621	−0.247%	$1K	$5K	5x	as long as short
Binance YGGUSDT	+0.0100%	4h	0.02623	−0.159%	$2.0M	$2.3M	50x	as long as short
Bybit YGGUSDT	+0.0100%	4h	0.02626	−0.059%	$622K	$487K	25x	as long as short
OKX YGG-USDT-SWAP	+0.0100%	4h	0.02626	−0.059%	$982K	$1.1M	10x	as long as short
Gate YGG_USDT	+0.0100%	4h	0.02625	−0.097%	$286K	$751K	20x	as long as short
MEXC YGG_USDT	+0.0100%	4h	0.02623	−0.173%	$991K	$370K	50x	as long as short
KuCoin YGGUSDTM	+0.0100%	4h	0.02622	−0.211%	$197K	$63K	30x	as long as short
Bitget YGGUSDT	+0.0100%	4h	0.02626	−0.059%	$554K	$179K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX YGG-USDT	+0.0100%	4h	0.02625	−0.097%	—	$2.4M	—	as long as short
Variational Omni YGGlong	+0.0100%	4h	0.02628	long leg	$2K	$1	—