Funding you earn now, next payment 09:00 UTC−0.0224%/8h= −24.6% APRpaid last 24h −0.211%
Price spread now: Kraken Futures against Variational Omni−0.195%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.195% cheaper against Variational Omni 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 | Variational Omni USUAL | 0.01385 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $10K | $1K | — |
| Short | Kraken Futures PF_USUALUSD | 0.01382 | −0.0124 | pay 0.0016% / 1h | 32m 28s | $111K | $21K | 10x |
Variational Omni USUAL
Kraken Futures PF_USUALUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Variational Omni. 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
- −$47.08
- Price spread: −0.195% → 0.000%
- −$19.46
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$76.55
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: live order book, 65 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 65 min ago | 32.39 bp | 53.3 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
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 on 11 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 USUAL/USDC PERP | −0.4152% | 1h | 0.01375 | −0.695% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDshort | −0.0124% | 1h | 0.01382 | −0.195% | $111K | $21K | 10x | |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01378 | −0.478% | $391K | $179K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01378 | −0.493% | $2.2M | $3.0M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01378 | −0.449% | $1.0M | $739K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01381 | −0.262% | $934K | $94K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01378 | −0.464% | $6.0M | $249K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01381 | −0.262% | $263K | $47K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01378 | −0.478% | $788K | $388K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01379 | −0.406% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUALlong | +0.0100% | 4h | 0.01385 | long leg | $10K | $1K | — |