Funding arb · Price arb /

CHZ

all CHZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.055%

Price spread now: Variational Omni against Kraken Futures−0.135%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 3 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

Funding pays, the price is against you. Variational Omni is 0.135% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 14 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_CHZUSD	0.01596	0.0068	pay 0.0008% / 1h	4m 36s	$71K	$66K	25x
Short	Variational Omni CHZ	0.01594	0.0100	get 0.0100% / 8h	5h 04m	$4K	$4K	—

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 −0.135%Rate

Funding earned: $6.79
Price spread: −0.135% → 0.000%: −$13.54
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: −$16.74
Costs to cover: 0.100%
Break-even: 24.3 days

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

Kraken Futures and 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.

CHZ on 19 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
dYdX CHZ-USD	0.0000%	1h	0.01597	+0.052%	$3K	$652	5x	as long as short
Injective CHZ/USDC PERP	+0.0033%	1h	0.01574	−1.369%	$1K	$7	5.5x	as long as short
Kraken Futures PF_CHZUSDlong	+0.0068%	1h	0.01596	long leg	$71K	$66K	25x
Aster CHZUSDT	+0.0100%	8h	0.01596	+0.038%	$21K	$21K	10x	as long as short
Binance CHZUSDT	+0.0100%	8h	0.01597	+0.070%	$6.8M	$12.7M	75x	as long as short
Bybit CHZUSDT	+0.0100%	8h	0.01594	−0.116%	$4.1M	$1.4M	75x	as long as short
OKX CHZ-USDT-SWAP	+0.0100%	8h	0.01596	+0.009%	$1.6M	$3.2M	50x	as long as short
Gate CHZ_USDT	+0.0100%	8h	0.01596	+0.009%	$320K	$340K	50x	as long as short
MEXC CHZ_USDT	+0.0100%	8h	0.01596	+0.009%	$4.3M	$937K	200x	as long as short
KuCoin CHZUSDTM	+0.0100%	8h	0.01596	+0.009%	$718K	$155K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CHZUSDT	+0.0100%	8h	0.01595	−0.053%	$3.8M	$809K	75x	as long as short
BingX CHZ-USDT	+0.0100%	8h	0.01596	+0.009%	—	$2.4M	—	as long as short
Variational Omni CHZshort	+0.0100%	8h	0.01594	−0.135%	$4K	$4K	—
ApeX Omni CHZUSDT	+0.0100%	1h	0.01605	+0.573%	$45K	$669K	50x	as long as short
SoDEX CHZ-USD	+0.0100%	1h	0.01595	−0.053%	$282	$6K	5x	as long as short
HTX CHZ-USDT	+0.0100%	8h	0.01594	−0.116%	$53K	$82K	20x	as long as short
Extended CHZ-USD	+0.0104%	1h	0.01596	−0.012%	$2K	$354K	10x	as long as short
BloFin CHZ-USDT	+0.0125%	8h	0.01603	+0.448%	$330K	$26K	75x	as long as short
GMX CHZ/USD [ETH-USDC]	L +0.0498% / S −0.0283%	1h	0.01595	−0.072%	$8K	—	50x	as long as short