Funding you earn now, next payment 08:00 UTC+0.0233%/8h= +25.5% APRnext payment +$2.33 per $10,000 · paid last 24h +0.019%
Price spread now: BingX against Variational Omni−0.443%7-day average −0.020% · 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)+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.443%, 7d avg −0.020%
=Together, before fees−0.035%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.423% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.443% now, against its 7-day average of −0.020%). If the spread goes back, that is −$42 on $10k: about 6.1 days of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.019% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.019% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.33 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 | Variational Omni FET | 0.2066 | 0.0100 | pay 0.0100% / 8h | 4h 54m | $345K | $423K | — |
| Short | BingX FET-USDT | 0.2057 | 0.0333 | get 0.0333% / 8h | 4h 54m | — | $6.0M | — |
Variational Omni FET
BingX FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Variational Omni. 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
- $48.93
- Price spread: −0.443% → −0.020%
- −$42.29
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$3.36
- Costs to cover
- 0.100%
- Break-even
- 7.5 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; BingX: live order book, 11 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 Variational Omni RFQ quote, 5 min ago | 7.28 bp | doesn't fit | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 4.87 bp | 12.5 bp −$13 | 16.4 bp −$164 | 43.9 bp −$4,389 | 359.7 bp −$179.9K |
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 | −0.2654% | 1h | 0.2060 | −0.298% | $39K | $304K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2062 | −0.201% | $150K | $235K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0446% | 1h | 0.2061 | −0.253% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2057 | −0.465% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.718% | $3K | $166K | 12x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2061 | −0.269% | $9.0M | $8.4M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2060 | −0.316% | $212K | $791K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2056 | −0.480% | $31.9M | $112.5M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2057 | −0.443% | $2.8M | $12.3M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2056 | −0.492% | $30.7M | $23.9M | 200x | 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
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2059 | −0.346% | $10.9M | $18.8M | 50x | as long as short |
| Variational Omni FETlong | +0.0100% | 8h | 0.2066 | long leg | $345K | $423K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2058 | −0.395% | $39K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2057 | −0.436% | $36K | $249K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0200% | 4h | 0.2058 | −0.395% | $1.1M | $8.3M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2056 | −0.474% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2061 | −0.250% | $1.8M | $3.1M | 100x | as long as short |
| BingX FET-USDTshort | +0.0333% | 8h | 0.2057 | −0.443% | — | $6.0M | — | |
| Bitget FETUSDT | +0.0347% | 8h | 0.2059 | −0.346% | $16.7M | $11.8M | 75x | as long as short |
| Phoenix FET | +0.0669% | 1h | 0.2055 | −0.530% | $36K | $39K | 5x | as long as short |
KuCoin FETUSDTM
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Bitget FETUSDT
Phoenix FET