Funding arb · Price arb /

DEXE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h +0.023%

Price spread now: Variational Omni against Kraken Futures+0.114%7-day average — · you sell dearer than you buy

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

The price spread pays, funding is against you. Variational Omni is 0.114% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.114% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DEXEUSD	1.9341	0.0235	pay 0.0029% / 1h	16m 55s	$43K	$57K	20x
Short	Variational Omni DEXE	1.9363	0.0100	get 0.0050% / 4h	1h 16m	$35K	$2K	—

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 +0.114%Rate

Funding earned: −$28.4
Price spread: +0.114% → 0.000%: $11.36
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: −$27.04
Costs to cover: 0.100%
Break-even: from the start

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.

DEXE 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
Injective DEXE/USDC PERP	+0.0033%	1h	1.8600	−3.829%	—	$3K	5.5x	as long as short
Aster DEXEUSDT	+0.0100%	4h	1.9333	−0.040%	$171K	$35K	5x	as long as short
Binance DEXEUSDT	+0.0100%	4h	1.9340	−0.002%	$7.0M	$8.6M	20x	as long as short
Bybit DEXEUSDT	+0.0100%	4h	1.9360	+0.100%	$2.4M	$895K	20x	as long as short
Gate DEXE_USDT	+0.0100%	4h	1.9340	−0.003%	$483K	$780K	20x	as long as short
MEXC DEXE_USDT	+0.0100%	4h	1.9340	−0.003%	$1.8M	$212K	20x	as long as short
Bitget DEXEUSDT	+0.0100%	4h	1.9330	−0.055%	$3.2M	$522K	10x	as long as short
BingX DEXE-USDT	+0.0100%	4h	1.9350	+0.049%	—	$1.8M	—	as long as short
Variational Omni DEXEshort	+0.0100%	4h	1.9363	+0.114%	$35K	$2K	—
Orderly PERP_DEXE_USDC_mythos	+0.0100%	4h	1.9340	−0.003%	$8K	—	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_DEXEUSDlong	+0.0235%	1h	1.9341	long leg	$43K	$57K	20x
BloFin DEXE-USDT	+0.0340%	4h	1.9330	−0.055%	$393K	$30K	20x	as long as short