Funding you earn now, next payment 22:00 UTC−0.0271%/8h= −29.6% APRpaid last 24h −0.028%
Price spread now: Variational Omni against Injective−1.108%61s7-day average +0.598% · 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)−0.084%−$8 on $10k
+Price spread, last 3 days (all we have)+1.744%+$174 · spread now −1.108%, 7d avg +0.598%
=Together, before fees+1.660%+ Points / potential airdropVariational Omni: Active · farm board+$166 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 1.706% cheaper against Injective than usual: you would sell low and buy high (−$171 if the spread goes back to its 7-day average of +0.598%). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.084% in total (about -9.5% 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 | Injective FET/USDC PERP | 0.2030 | 0.0371 | pay 0.0046% / 1h | 40m 14s | $3K | $118K | 12x |
| Short | Variational Omni FET | 0.2008 | 0.0100 | get 0.0100% / 8h | 2h 40m | $272K | $316K | — |
Injective FET/USDC PERP
Variational Omni FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Injective. 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
- −$56.85
- Price spread: −1.108% → +0.598%
- −$170.57
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$227.44
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 48 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 Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 48 min ago | 7.35 bp | doesn't fit | 36.8 bp −$368 | doesn't fit | doesn't fit |
Injective: 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.
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 | −0.3227% | 1h | 0.2006 | −1.182% | $26K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2009 | −1.034% | $160K | $188K | 50x | as long as short |
| Gate FET_USDT | −0.0090% | 8h | 0.2006 | −1.182% | $2.7M | $11.8M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2006 | −1.177% | $31K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2009 | −1.036% | $1.0M | $2.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2008 | −1.100% | $346K | $527K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2007 | −1.133% | $31.3M | $107.0M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2007 | −1.133% | $855K | $7.5M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2007 | −1.133% | $35.2M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2006 | −1.182% | $10.4M | $19.0M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FETshort | +0.0100% | 8h | 0.2008 | −1.108% | $272K | $316K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2005 | −1.232% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2007 | −1.141% | $32K | $144K | 10x | as long as short |
| BingX FET-USDT | +0.0123% | 8h | 0.2007 | −1.133% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0136% | 8h | 0.2008 | −1.084% | $16.4M | $11.4M | 75x | as long as short |
| Hyperliquid FET | +0.0153% | 1h | 0.2008 | −1.074% | $9.0M | $7.6M | 5x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2005 | −1.224% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2007 | −1.133% | $1.7M | $2.6M | 100x | as long as short |
| Injective FET/USDC PERPlong | +0.0371% | 1h | 0.2030 | long leg | $3K | $118K | 12x | |
| Phoenix FET | +0.0476% | 1h | 0.2011 | −0.921% | $27K | $37K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET