Funding arb · Price arb /

REZ

all REZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0173%/8h= −18.9% APRpaid last 24h −0.090%

Price spread now: Variational Omni against Kraken Futures+0.220%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 0.220% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.220% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_REZUSD	0.003836	0.0273	pay 0.0034% / 1h	33m 25s	$43K	$10K	10x
Short	Variational Omni REZ	0.003845	0.0100	get 0.0050% / 4h	3h 33m	$78K	$40K	—

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 +0.220%Rate

Funding earned: −$36.23
Price spread: +0.220% → 0.000%: $21.99
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: −$24.24
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.

REZ 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
BloFin REZ-USDT	+0.0067%	4h	0.003836	−0.012%	$324K	$50K	50x	as long as short
Aster REZUSDT	+0.0100%	4h	0.003836	0.000%	$18K	$36K	5x	as long as short
Binance REZUSDT	+0.0100%	4h	0.003837	+0.014%	$4.9M	$8.6M	50x	as long as short
Bybit REZUSDT	+0.0100%	4h	0.003845	+0.222%	$1.4M	$1.0M	25x	as long as short
Gate REZ_USDT	+0.0100%	4h	0.003844	+0.196%	$397K	$122K	10x	as long as short
MEXC REZ_USDT	+0.0100%	4h	0.003839	+0.066%	$1.3M	$409K	50x	as long as short
KuCoin REZUSDTM	+0.0100%	4h	0.003836	−0.012%	$449K	$91K	30x	as long as short
Bitget REZUSDT	+0.0100%	4h	0.003835	−0.038%	$618K	$1.3M	50x	as long as short
BingX REZ-USDT	+0.0100%	4h	0.003839	+0.066%	—	$6.6M	—	as long as short
Variational Omni REZshort	+0.0100%	4h	0.003845	+0.220%	$78K	$40K	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_REZUSDlong	+0.0273%	1h	0.003836	long leg	$43K	$10K	10x
Hyperliquid REZ	+0.0785%	1h	0.003847	+0.275%	$1.6M	$497K	3x	as long as short