Funding you earn now, next payment 23:00 UTC+0.4281%/8h= +468.8% APRpaid last 24h +0.352%
Price spread now: Variational Omni against Deribit−0.529%7-day average +0.004% · 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)+0.303%+$30 on $10k
+Price spread, last 3 days (all we have)+0.632%+$63 · spread now −0.529%, 7d avg +0.004%
=Together, before fees+0.936%+ Points / potential airdropVariational Omni: Active · farm board+$94 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.533% cheaper against Deribit than usual: you would sell low and buy high (spread −0.529% now, against its 7-day average of +0.004%). If the spread goes back, that is −$53 on $10k: about 10 hours of funding at the current rate (+$128 a day). At the pace of the last 3 days (+0.303% in total) that is about 5.7 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.303% in total (about 33.9% a year). A funding rate is set anew for every payment. 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 | Deribit FET_USDC-PERPETUAL | 0.2022 | −0.4181 | get 0.0523% / 1h | 40m 40s | $27K | $200K | 10x |
| Short | Variational Omni FET | 0.2011 | 0.0100 | get 0.0100% / 8h | 1h 40m | $273K | $316K | — |
Deribit FET_USDC-PERPETUAL
Variational Omni FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Deribit. 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
- $899.08
- Price spread: −0.529% → +0.004%
- −$53.31
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $838.77
- Costs to cover
- 0.070%
- Break-even
- 0.5 days
Slippage unknown: Deribit: live order book, 43 min ago; Variational Omni: RFQ quote, 43 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 Deribit live order book, 43 min ago | 7.42 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 43 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-PERPETUALlong | −0.4181% | 1h | 0.2022 | long leg | $27K | $200K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2022 | 0.000% | $158K | $191K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2023 | +0.056% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0053% | 8h | 0.2023 | +0.049% | $2.7M | $11.9M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2027 | +0.228% | $343K | $534K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2023 | +0.049% | $31.6M | $107.3M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2022 | 0.000% | $34.8M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2023 | +0.049% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FETshort | +0.0100% | 8h | 0.2011 | −0.529% | $273K | $316K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2020 | −0.099% | $37K | $5K | 10x | as long as short |
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 | +0.023% | $34K | $190K | 10x | as long as short |
| Hyperliquid FET | +0.0165% | 1h | 0.2024 | +0.121% | $9.0M | $7.9M | 5x | as long as short |
| OKX FET-USDT-SWAP | +0.0173% | 4h | 0.2027 | +0.247% | $860K | $7.6M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2020 | −0.079% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2022 | 0.000% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0290% | 8h | 0.2024 | +0.099% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0313% | 8h | 0.2025 | +0.148% | $16.5M | $11.4M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0358% | 1h | 0.2025 | +0.131% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.593% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2025 | +0.148% | $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
Bitget FETUSDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET