Funding you earn now, next payment 23:00 UTC+0.0296%/8h= +32.5% APRpaid last 24h −0.016%
Price spread now: Kraken Futures against Variational Omni+0.461%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.461% dearer against Variational Omni than usual: you sell high and buy low: +$46 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni W | 0.01176 | 0.0100 | pay 0.0050% / 4h | 1h 15m | $71K | $42K | — |
| Short | Kraken Futures PF_WUSD | 0.01181 | 0.0396 | get 0.0050% / 1h | 15m 54s | $146K | $182K | 20x |
Variational Omni W
Kraken Futures PF_WUSDFunding 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
- $62.23
- Price spread: +0.461% → 0.000%
- $46.11
- 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
- $98.35
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: live order book, 1 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, 1 min ago | 10.60 bp | 49.1 bp −$49 | 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.
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 | −0.0428% | 1h | 0.01179 | +0.229% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | −0.0091% | 4h | 0.01177 | +0.119% | $1.3M | $2.0M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.806% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01179 | +0.255% | $2.0M | $427K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01178 | +0.193% | $3.0M | $7.0M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01176 | +0.008% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01176 | +0.008% | $443K | $293K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01178 | +0.187% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01179 | +0.255% | $465K | $248K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01179 | +0.255% | $1.3M | $579K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
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 | 0.01177 | +0.119% | — | $6.9M | — | as long as short |
| Variational Omni Wlong | +0.0100% | 4h | 0.01176 | long leg | $71K | $42K | — | |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01177 | +0.064% | $129K | $385K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01178 | +0.175% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0240% | 1h | 0.01179 | +0.255% | $14K | $17K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0359% | 1h | 0.01180 | +0.331% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSDshort | +0.0396% | 1h | 0.01181 | +0.461% | $146K | $182K | 20x |
BingX W-USDT
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP