Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.019%
Price spread now: Injective against Variational Omni−0.699%46s7-day average −0.619% · 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)+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.699%, 7d avg −0.619%
=Together, before fees−0.110%+ Points / potential airdropVariational Omni: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.080% cheaper against Variational Omni than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.619%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.067%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni FET | 0.2024 | 0.0100 | pay 0.0100% / 8h | 5h 44m | $334K | $420K | — |
| Short | Injective FET/USDC PERP | 0.2010 | 0.0033 | get 0.0004% / 1h | 44m 30s | $3K | $166K | 12x |
Variational Omni FET
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −0.699% → −0.619%
- −$7.98
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$22
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 20 min ago; Injective: no order-book sample. 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 | 7.35 bp | doesn't fit | 31.9 bp −$319 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.4179% | 1h | 0.2023 | −0.057% | $30K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2033 | +0.437% | $149K | $221K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2020 | −0.186% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERPshort | +0.0033% | 1h | 0.2010 | −0.699% | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2023 | −0.071% | $258K | $719K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2022 | −0.106% | $31.4M | $111.4M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2020 | −0.205% | $2.7M | $12.2M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2022 | −0.106% | $30.2M | $24.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2022 | −0.106% | $10.6M | $18.8M | 50x | as long as short |
| Variational Omni FETlong | +0.0100% | 8h | 0.2024 | long leg | $334K | $420K | — |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2020 | −0.205% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2021 | −0.133% | $35K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSD | +0.0115% | 1h | 0.2026 | +0.069% | $985K | $2.2M | 50x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2019 | −0.266% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2026 | +0.092% | — | $2.9M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0237% | 4h | 0.2023 | −0.057% | $1.0M | $8.0M | 20x | as long as short |
| BingX FET-USDT | +0.0381% | 8h | 0.2021 | −0.155% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0404% | 8h | 0.2024 | −0.007% | $16.4M | $11.8M | 75x | as long as short |
| Hyperliquid FET | +0.0660% | 1h | 0.2023 | −0.047% | $8.9M | $8.4M | 5x | as long as short |
| Phoenix FET | +0.0669% | 1h | 0.2032 | +0.403% | $35K | $39K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Kraken Futures PF_FETUSD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET