Funding you earn now, next payment 23:00 UTC−0.1325%/8h= −145.1% APRpaid last 24h −0.964%
Price spread now: Variational Omni against Kraken Futures−0.191%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Variational Omni is 0.191% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SYRUPUSD | 0.2300 | 0.1425 | pay 0.0178% / 1h | 6m 24s | $41K | $23K | 10x |
| Short | Variational Omni SYRUP | 0.2296 | 0.0100 | get 0.0050% / 4h | 1h 06m | $165K | $51K | — |
Kraken Futures PF_SYRUPUSD
Variational Omni SYRUPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$278.27
- Price spread: −0.191% → 0.000%
- −$19.15
- 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
- −$307.42
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: RFQ quote, 13 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, 13 min ago | 6.53 bp | doesn't fit | 198.0 bp −$1,980 | 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.
SYRUP on 16 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 SYRUP-USDT | +0.0053% | 4h | 0.2294 | −0.258% | $462K | $132K | 50x | as long as short |
| Lighter SYRUP | +0.0096% | 1h | 0.2300 | −0.006% | $209K | $225K | 5x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2297 | −0.145% | $13K | $61K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2297 | −0.145% | $9.6M | $6.5M | 25x | as long as short |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2297 | −0.124% | $2.3M | $1.9M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2296 | −0.176% | $1.2M | $999K | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2297 | −0.137% | $428K | $67K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2297 | −0.132% | $3.0M | $588K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2306 | +0.246% | $2.0M | $108K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2298 | −0.089% | $670K | $440K | 20x | as long as short |
BloFin SYRUP-USDT
Lighter SYRUP
Aster SYRUPUSDT
Binance SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2297 | −0.132% | — | $6.5M | — | as long as short |
| Variational Omni SYRUPshort | +0.0100% | 4h | 0.2296 | −0.191% | $165K | $51K | — | |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2297 | −0.137% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0330% / S −0.1447% | 1h | 0.2296 | −0.170% | $3K | — | 50x | as long as short |
| Hyperliquid SYRUP | +0.1088% | 1h | 0.2303 | +0.146% | $5.9M | $1.5M | 3x | as long as short |
| Kraken Futures PF_SYRUPUSDlong | +0.1425% | 1h | 0.2300 | long leg | $41K | $23K | 10x |
BingX SYRUP-USDT
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]
Hyperliquid SYRUP