Funding arb · Price arb /

KGEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Variational Omni against OKX−0.140%7-day average — · you buy dearer than you sell

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

Long on OKX 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.140% cheaper against OKX than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KGEN-USDT-SWAP	0.1639	0.0100	pay 0.0050% / 4h	19m 00s	$200K	$126K	10x
Short	Variational Omni KGEN	0.1637	0.0100	get 0.0050% / 4h	19m 00s	$5K	$1K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 OKXbpFee Variational OmnibpOrdersPrice spread, now −0.140%Rate

Funding earned: $0
Price spread: −0.140% → 0.000%: −$13.95
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.95
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 16 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 OKX live order book, 16 min ago	12.24 bp	82.8 bp −$83	27398.0 bp −$274.0K	327235.1 bp −$32.72M	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.

KGEN 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
Bybit KGENUSDT	+0.0100%	4h	0.1638	−0.061%	$757K	$330K	20x	as long as short
OKX KGEN-USDT-SWAPlong	+0.0100%	4h	0.1639	long leg	$200K	$126K	10x
Gate KGEN_USDT	+0.0100%	4h	0.1635	−0.262%	$1.6M	$88K	50x	as long as short
KuCoin KGENUSDTM	+0.0100%	4h	0.1640	+0.037%	$750K	$1.9M	50x	as long as short
Variational Omni KGENshort	+0.0100%	4h	0.1637	−0.140%	$5K	$1K	—
SunX KGEN-USDT	+0.0100%	4h	0.1637	−0.128%	$3K	$875K	20x	as long as short
Bitget KGENUSDT	+0.0126%	4h	0.1639	−0.006%	$1.7M	$162K	50x	as long as short
BloFin KGEN-USDT	+0.0239%	4h	0.1641	+0.122%	$223K	$19K	50x	as long as short
Binance KGENUSDT	+0.0299%	4h	0.1640	+0.069%	$5.1M	$839K	50x	as long as short
MEXC KGEN_USDT	+0.0308%	4h	0.1640	+0.061%	$459K	$109K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KGEN-USDT	+0.0334%	4h	0.1640	+0.061%	—	$6.6M	—	as long as short
Aster KGENUSDT	+0.0802%	4h	0.1638	−0.061%	$20K	$3K	5x	as long as short