Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0936%/8h= +102.5% APRpaid last 24h +0.363%

Price spread now: Variational Omni against Kraken Futures−0.009%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$28 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AIXBTUSD	0.02289	−0.0892	get 0.0111% / 1h	14m 07s	$19K	$5K	10x
Short	Variational Omni AIXBT	0.02289	0.0044	get 0.0022% / 4h	14m 07s	$99K	$12K	—

Funding 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 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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.009%Rate

Funding earned: $196.58
Price spread: −0.009% → 0.000%: −$0.89
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: $185.68
Costs to cover: 0.100%
Break-even: 0.4 days

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: RFQ quote, 45 min ago. 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 no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 45 min ago	8.63 bp	doesn't fit	181.3 bp −$1,813	doesn't fit	doesn't fit

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.

AIXBT on 14 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_AIXBTUSDlong	−0.0892%	1h	0.02289	long leg	$19K	$5K	10x
Variational Omni AIXBTshort	+0.0044%	4h	0.02289	−0.009%	$99K	$12K	—
Hyperliquid AIXBT	+0.0100%	1h	0.02303	+0.618%	$408K	$229K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02298	+0.412%	$2.5M	$4.3M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02296	+0.312%	$1.2M	$1.3M	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02298	+0.400%	$463K	$1.9M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02298	+0.400%	$214K	$140K	25x	as long as short
MEXC AIXBT_USDT	+0.0100%	4h	0.02299	+0.443%	$696K	$280K	100x	as long as short
KuCoin AIXBTUSDTM	+0.0100%	4h	0.02297	+0.356%	$1.1M	$1.5M	30x	as long as short
Bitget AIXBTUSDT	+0.0100%	4h	0.02302	+0.575%	$660K	$670K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02298	+0.400%	—	$6.7M	—	as long as short
BloFin AIXBT-USDT	+0.0105%	4h	0.02296	+0.312%	$121K	$92K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0247% / S −0.0698%	1h	0.02295	+0.273%	$3K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02293	+0.200%	—	—	—	as long as short