Funding you earn now, next payment 00:00 UTC−0.0210%/8h= −23.0% APRnext payment −$2.10 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against Bitget−0.725%7-day average +0.003% · 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)0.000%$0 on $10k
+Price spread, last 3 days (all we have)+1.022%+$102 · spread now −0.725%, 7d avg +0.003%
=Together, before fees+1.022%+ Points / potential airdropVariational Omni: Active · farm board+$102 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.728% cheaper against Bitget than usual: you would sell low and buy high (−$73 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget FETUSDT | 0.2026 | 0.0310 | pay 0.0310% / 8h | 1h 41m | $16.5M | $11.4M | 75x |
| Short | Variational Omni FET | 0.2011 | 0.0100 | get 0.0100% / 8h | 1h 41m | $273K | $316K | — |
Bitget FETUSDT
Variational Omni FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bitget. 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
- −$44.1
- Price spread: −0.725% → +0.003%
- −$72.79
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$128.89
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 2 min ago; Variational Omni: RFQ quote, 42 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 Bitget live order book, 2 min ago | 4.94 bp | 14.5 bp −$15 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 42 min ago | 7.43 bp | doesn't fit | 37.1 bp −$371 | doesn't fit | doesn't fit |
FET on 20 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 FET_USDC-PERPETUAL | −0.4183% | 1h | 0.2021 | −0.247% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2022 | −0.197% | $158K | $191K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2021 | −0.226% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0051% | 8h | 0.2021 | −0.247% | $2.7M | $11.9M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2027 | +0.032% | $343K | $534K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2024 | −0.108% | $31.6M | $107.3M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2023 | −0.148% | $34.9M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2023 | −0.148% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FETshort | +0.0100% | 8h | 0.2011 | −0.725% | $273K | $316K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2021 | −0.247% | $37K | $5K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0104% | 1h | 0.2022 | −0.179% | $34K | $190K | 10x | as long as short |
| Hyperliquid FET | +0.0141% | 1h | 0.2026 | −0.010% | $9.0M | $7.9M | 5x | as long as short |
| OKX FET-USDT-SWAP | +0.0173% | 4h | 0.2027 | +0.049% | $859K | $7.6M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2021 | −0.241% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2018 | −0.395% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0290% | 8h | 0.2025 | −0.049% | — | $5.6M | — | as long as short |
| Bitget FETUSDTlong | +0.0310% | 8h | 0.2026 | long leg | $16.5M | $11.4M | 75x | |
| Kraken Futures PF_FETUSD | +0.0358% | 1h | 0.2024 | −0.088% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.790% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2016 | −0.479% | $27K | $36K | 5x | as long as short |
Extended FET-USD
Hyperliquid FET
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET