A delta-neutral position would go long on Backpack Exchange (+6.31%) and short on Variational (+10.95%), collecting roughly 4.6% 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 | $0.0393 | +10.95% | +0.0013% | 1h | $173K | $12.2K | 20× | |
| KMNO_USDC_PERP |
Sampled continuously and bucketed to four hours.
| $0.0396 |
| +6.31% |
| +0.0007% |
| 24m |
| $68.9K 1.74M KMNO |
| $31.1K |
| - |