Funding you earn now, next payment 00:00 UTC−0.3261%/8h= −357.1% APRpaid last 24h −0.352%
Price spread now: Deribit against Variational Omni+0.332%7-day average −0.004% · 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)−0.303%−$30 on $10k
+Price spread, last 3 days (all we have)−0.436%−$44 · spread now +0.332%, 7d avg −0.004%
=Together, before fees−0.739%+ Points / potential airdropVariational Omni: Active · farm board−$74 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.337% dearer against Variational Omni than usual: you sell high and buy low (spread +0.332% now, against its 7-day average of −0.004%): +$34 on $10k if it goes back. Holding the pair costs −$98 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 3 days (−0.303% in total) that is about 3.7 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 -33.6% 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 | Variational Omni FET | 0.2038 | 0.0100 | pay 0.0100% / 8h | 58m 48s | $288K | $327K | — |
| Short | Deribit FET_USDC-PERPETUAL | 0.2045 | −0.3161 | pay 0.0395% / 1h | 58m 48s | $28K | $200K | 10x |
Variational Omni FET
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$684.88
- Price spread: +0.332% → −0.004%
- $33.67
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$658.2
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 20 min ago; Deribit: live order book, 20 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, 20 min ago | 7.45 bp | doesn't fit | 32.3 bp −$323 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 20 min ago | 9.94 bp | 13.4 bp −$13 | doesn't fit | 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-PERPETUALshort | −0.3161% | 1h | 0.2045 | +0.332% | $28K | $200K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2046 | +0.381% | $153K | $205K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0476% | 1h | 0.2049 | +0.529% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2046 | +0.364% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.385% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0073% | 8h | 0.2048 | +0.480% | $2.8M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2049 | +0.515% | $342K | $540K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2049 | +0.529% | $32.0M | $108.0M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2050 | +0.578% | $35.3M | $24.6M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2050 | +0.578% | $10.6M | $19.1M | 50x | as long as short |
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 FETlong | +0.0100% | 8h | 0.2038 | long leg | $288K | $327K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2044 | +0.283% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2050 | +0.557% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2045 | +0.317% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2048 | +0.480% | $1.7M | $2.7M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0267% | 4h | 0.2052 | +0.676% | $996K | $7.8M | 20x | as long as short |
| BingX FET-USDT | +0.0317% | 8h | 0.2050 | +0.578% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0335% | 8h | 0.2051 | +0.627% | $16.6M | $11.5M | 75x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2042 | +0.190% | $36K | $36K | 5x | as long as short |
| Hyperliquid FET | +0.1072% | 1h | 0.2053 | +0.725% | $9.1M | $8.0M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Phoenix FET
Hyperliquid FET