Funding you earn now, next payment 00:00 UTC−0.0193%/8h= −21.2% APRpaid last 24h 0.000%
Price spread now: Variational Omni against OKX−0.429%7-day average +0.008% · 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)−0.005%−$1 on $10k
+Price spread, last 3 days (all we have)+0.627%+$63 · spread now −0.429%, 7d avg +0.008%
=Together, before fees+0.622%+ Points / potential airdropVariational Omni: Active · farm board+$62 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 0.437% cheaper against OKX than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.005% in total (about -0.5% 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 | OKX FET-USDT-SWAP | 0.2049 | 0.0293 | pay 0.0147% / 4h | 8m 35s | $999K | $8.0M | 20x |
| Short | Variational Omni FET | 0.2040 | 0.0100 | get 0.0100% / 8h | 8m 35s | $359K | $399K | — |
OKX FET-USDT-SWAP
Variational Omni FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against OKX. 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
- −$40.6
- Price spread: −0.429% → +0.008%
- −$43.73
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$94.34
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 5 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 OKX live order book, 4 min ago | 4.89 bp | 17.0 bp −$17 | 53.7 bp −$537 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 7.32 bp | doesn't fit | 36.6 bp −$366 | 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 | −0.2673% | 1h | 0.2047 | −0.098% | $29K | $201K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2049 | 0.000% | $153K | $203K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0476% | 1h | 0.2049 | −0.016% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2048 | −0.067% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.903% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0052% | 8h | 0.2045 | −0.195% | $2.8M | $12.2M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2049 | −0.007% | $340K | $544K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2046 | −0.132% | $32.0M | $109.2M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2045 | −0.195% | $34.6M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2046 | −0.146% | $10.8M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
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 | 0.2040 | −0.429% | $359K | $399K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2047 | −0.098% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2046 | −0.152% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2046 | −0.136% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2049 | 0.000% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0293% | 8h | 0.2047 | −0.098% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAPlong | +0.0293% | 4h | 0.2049 | long leg | $999K | $8.0M | 20x | |
| Bitget FETUSDT | +0.0301% | 8h | 0.2049 | 0.000% | $16.5M | $11.5M | 75x | as long as short |
| Hyperliquid FET | +0.0414% | 1h | 0.2049 | 0.000% | $9.0M | $8.0M | 5x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2047 | −0.073% | $36K | $45K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET