Funding you earn now, next payment 08:00 UTC+0.0194%/8h= +21.2% APRnext payment +$1.94 per $10,000 · paid last 24h +0.021%
Price spread now: Bitget against Variational Omni+0.837%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.021%+$2 on $10k
+Price spread, last 3 days (all we have)−1.032%−$103 · spread now +0.837%, 7d avg +0.011%
=Together, before fees−1.011%+ Points / potential airdropVariational Omni: Active · farm board−$101 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.826% dearer against Variational Omni than usual: you sell high and buy low: +$83 more if the spread goes back to its 7-day average of +0.011%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.021% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.94 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 | 0.2008 | 0.0100 | pay 0.0100% / 8h | 6h 51m | $352K | $401K | — |
| Short | Bitget FETUSDT | 0.2025 | 0.0294 | get 0.0294% / 8h | 6h 51m | $16.3M | $11.7M | 75x |
Variational Omni FET
Bitget FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $40.74
- Price spread: +0.837% → +0.011%
- $82.64
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $111.38
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 18 min ago; Bitget: live order book, 2 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, 18 min ago | 7.29 bp | doesn't fit | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.47 bp | 9.7 bp −$10 | 29.0 bp −$290 | 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 | −0.6132% | 1h | 0.2024 | +0.787% | $29K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2026 | +0.887% | $148K | $214K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0740% | 1h | 0.2026 | +0.875% | $984K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2022 | +0.690% | $21K | — | 150x | as long as short |
| Gate FET_USDT | +0.0028% | 8h | 0.2021 | +0.638% | $2.8M | $12.1M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.090% | $3K | $166K | 12x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2023 | +0.757% | $9.0M | $8.3M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2021 | +0.626% | $307K | $577K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2023 | +0.738% | $31.4M | $112.0M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2021 | +0.638% | $31.5M | $24.7M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Gate FET_USDT
Injective FET/USDC PERP
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
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 | 0.2022 | +0.688% | $10.6M | $19.2M | 50x | as long as short |
| Variational Omni FETlong | +0.0100% | 8h | 0.2008 | long leg | $352K | $401K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2022 | +0.688% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2021 | +0.642% | $33K | $247K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0155% | 4h | 0.2026 | +0.887% | $1.0M | $8.1M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2023 | +0.740% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2021 | +0.638% | $1.7M | $2.8M | 100x | as long as short |
| BingX FET-USDT | +0.0270% | 8h | 0.2024 | +0.787% | — | $6.0M | — | as long as short |
| Bitget FETUSDTshort | +0.0294% | 8h | 0.2025 | +0.837% | $16.3M | $11.7M | 75x | |
| Phoenix FET | +0.0474% | 1h | 0.2026 | +0.887% | $35K | $43K | 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
BingX FET-USDT
Phoenix FET