A delta-neutral position would go long on Backpack Exchange (+1.37%) and short on Variational (+10.95%), collecting roughly 9.6% APR before fees, slippage and margin costs.
Funding is shown both as the venue quotes it and annualised, so venues on different settlement intervals line up.
| Venue | Market | Mark | Funding APR | Per hour | Next | Open interest | 24h vol | Max lev |
|---|---|---|---|---|---|---|---|---|
| KMNO_USDC_PERP | $0.0253 | +1.37% | +0.0002% | 19m | $49.1K 1.94M KMNO | $40.1K | - | |
Sampled continuously and bucketed to four hours.
| KMNO |
| $0.0253 |
| +10.95% |
| +0.0013% |
| 1h |
| $10.1K |
| $1.2K |
| 20× |