Funding you earn now, next payment 01:00 UTC−0.1264%/8h= −138.4% APRpaid last 24h −0.568%
Price spread now: Variational Omni against Kraken Futures−0.412%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 −$38 a day on $10k at the current rate, and Variational Omni is 0.412% cheaper against Kraken Futures than usual: you would sell low and buy high (−$41 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_ZKUSD | 0.01178 | 0.1364 | pay 0.0170% / 1h | 26m 37s | $194K | $43K | 25x |
| Short | Variational Omni ZK | 0.01173 | 0.0100 | get 0.0050% / 4h | 3h 26m | $57K | $15K | — |
Kraken Futures PF_ZKUSD
Variational Omni ZKFunding 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
- −$265.44
- Price spread: −0.412% → 0.000%
- −$41.16
- 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
- −$316.6
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 46 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, 46 min ago | 36.46 bp | 93.0 bp −$93 | 16539.9 bp −$165.4K | 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.
ZK 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZK-USDT-SWAP | −0.0109% | 4h | 0.01177 | −0.082% | $1.0M | $2.3M | 20x | as long as short |
| Injective ZK/USDC PERP | +0.0033% | 1h | 0.01170 | −0.659% | $2K | $31K | 5.5x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01179 | +0.079% | $131K | $173K | 8x | as long as short |
| Hyperliquid ZK | +0.0100% | 1h | 0.01178 | +0.020% | $585K | $244K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01177 | −0.080% | $37K | $19K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01177 | −0.074% | $29K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01177 | −0.069% | $4.8M | $9.5M | 75x | as long as short |
| Bybit ZKUSDT | +0.0100% | 4h | 0.01176 | −0.116% | $5.0M | $2.6M | 25x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01177 | −0.065% | $331K | $241K | 50x | as long as short |
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01175 | −0.235% | $983K | $1.1M | 50x | as long as short |
OKX ZK-USDT-SWAP
Injective ZK/USDC PERP
Lighter ZK
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Bybit ZKUSDT
Gate ZK_USDT
KuCoin ZKUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZKUSDT | +0.0100% | 4h | 0.01177 | −0.065% | $1.5M | $851K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01177 | −0.065% | — | $6.7M | — | as long as short |
| Variational Omni ZKshort | +0.0100% | 4h | 0.01173 | −0.412% | $57K | $15K | — | |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01176 | −0.153% | $152K | $2.7M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01176 | −0.150% | $9K | $624K | 50x | as long as short |
| BloFin ZK-USDT | +0.0111% | 4h | 0.01175 | −0.192% | $215K | $22K | 75x | as long as short |
| Kraken Futures PF_ZKUSDlong | +0.1364% | 1h | 0.01178 | long leg | $194K | $43K | 25x |
Bitget ZKUSDT
BingX ZK-USDT
GRVT ZK_USDT_Perp
ApeX Omni ZKUSDT
BloFin ZK-USDT