Funding you earn now, next payment 05:00 UTC−0.1667%/8h= −182.5% APRpaid last 24h −0.112%
Price spread now: Variational Omni against Kraken Futures−0.389%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 −$50 a day on $10k at the current rate, and Variational Omni is 0.389% cheaper against Kraken Futures than usual: you would sell low and buy high (−$39 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_WUSD | 0.01185 | 0.1767 | pay 0.0221% / 1h | 25m 22s | $147K | $185K | 20x |
| Short | Variational Omni W | 0.01180 | 0.0100 | get 0.0050% / 4h | 3h 25m | $71K | $39K | — |
Kraken Futures PF_WUSD
Variational Omni WFunding 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
- −$350
- Price spread: −0.389% → 0.000%
- −$38.91
- 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
- −$398.9
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 27 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 Kraken Futures live order book, 27 min ago | 13.03 bp | 1766.8 bp −$1,767 | 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.
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0257% | 1h | 0.01182 | −0.231% | $15K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.030% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01184 | −0.079% | $2.0M | $323K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01184 | −0.114% | $2.9M | $5.9M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01181 | −0.324% | $4.1M | $1.7M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01182 | −0.248% | $1.3M | $1.8M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01180 | −0.417% | $445K | $212K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01184 | −0.113% | $12.7M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01184 | −0.079% | $380K | $205K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01184 | −0.079% | $1.3M | $551K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01182 | −0.248% | — | $6.8M | — | as long as short |
| Variational Omni Wshort | +0.0100% | 4h | 0.01180 | −0.389% | $71K | $39K | — | |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01187 | +0.196% | $128K | $402K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01183 | −0.159% | $61K | $235K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0440% | 1h | 0.01195 | +0.883% | $14K | $14K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.1629% | 1h | 0.01184 | −0.071% | $44K | $42K | 15x | as long as short |
| Kraken Futures PF_WUSDlong | +0.1767% | 1h | 0.01185 | long leg | $147K | $185K | 20x |
BingX W-USDT
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP