Spread before costs (cost unknown: a leg has no order-book sample)+0.179%
7d average—if it closes, per $10,000$18funding while held, a day+$25.21
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USUALUSD | 0.01352 | −0.0740 | get 0.0093% / 1h | 2m 53s | $110K | $35K | 10x |
| Short | Variational Omni USUAL | 0.01355 | 0.0100 | get 0.0050% / 4h | 2m 53s | $9K | $8K | — |
Kraken Futures PF_USUALUSD
Variational Omni USUALPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $17.87
- Funding while held
- $25.21
- 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
- $33.08
- Spread needed to break even
- 0.100%
Slippage unknown: Kraken Futures: live order book, 37 min ago; Variational Omni: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0840%
- Per $10,000 a day
- +$25.21
- Average in range /8h
- —
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 live order book, 37 min ago | 34.59 bp | 40.1 bp −$40 | doesn't fit | doesn't fit | 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.
USUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.01337cheapestMEXC0.01352+1.144%
Injective
MEXCKraken Futures0.01352+1.154%
Binance0.01353+1.182%Hyperliquid0.01353+1.197%Gate0.01354+1.272%Bitget0.01354+1.272%
Binance
Hyperliquid
Gate
BitgetVariational Omni0.01355+1.334%
BingX0.01355+1.346%Bybit0.01355+1.354%KuCoin0.01356+1.421%
BingX
Bybit
KuCoinUSUAL on 11 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −1.140% | −0.5000% | 1h | $6K | $56K | 5.5x | as long as short |
| MEXC USUAL_USDT | −0.009% | +0.0100% | 4h | $5.9M | $336K | 100x | as long as short |
| Kraken Futures PF_USUALUSDlong | 0.000% | −0.0740% | 1h | $110K | $35K | 10x | |
| Binance USUALUSDT | +0.028% | +0.0100% | 4h | $2.1M | $3.9M | 50x | as long as short |
| Hyperliquid USUAL | +0.043% | +0.0100% | 1h | $385K | $243K | 3x | as long as short |
| Gate USUAL_USDT | +0.117% | +0.0100% | 8h | $919K | $254K | 50x | as long as short |
| Bitget USUALUSDT | +0.117% | +0.0100% | 4h | $790K | $559K | 50x | as long as short |
| Variational Omni USUALshort | +0.179% | +0.0100% | 4h | $9K | $8K | — | |
| BingX USUAL-USDT | +0.191% | +0.0100% | 4h | — | $1.2M | — | as long as short |
| Bybit USUALUSDT | +0.198% | +0.0100% | 4h | $991K | $1.0M | 25x | as long as short |
Show all 11 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin USUALUSDTM | +0.265% | +0.0100% | 4h | $281K | $69K | 20x | as long as short |