Funding you earn now, next payment 08:00 UTC+0.0295%/8h= +32.4% APRpaid last 24h +0.017%
Price spread now: OKX against Variational Omni−0.208%7-day average −0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.208%, 7d avg −0.001%
=Together, before fees−0.026%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.207% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.208% now, against its 7-day average of −0.001%). If the spread goes back, that is −$21 on $10k: about 2.3 days of funding at the current rate (+$9 a day). At the pace of the last 4 days (+0.022% in total) that is about 33 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.022% in total (about 2.3% 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 | 0.1996 | 0.0100 | pay 0.0100% / 8h | 3h 13m | $273K | $478K | — |
| Short | OKX FET-USDT-SWAP | 0.1992 | 0.0395 | get 0.0198% / 4h | 3h 13m | $1.0M | $8.1M | 20x |
Variational Omni FET
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $62.04
- Price spread: −0.208% → −0.001%
- −$20.7
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $31.34
- Costs to cover
- 0.100%
- Break-even
- 3.5 days
Slippage unknown: Variational Omni: RFQ quote, 41 min ago; OKX: live order book, 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 Variational Omni RFQ quote, 41 min ago | 7.44 bp | doesn't fit | 32.3 bp −$323 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.50 bp | 20.2 bp −$20 | 63.5 bp −$635 | 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 | −0.4248% | 1h | 0.1992 | −0.208% | $38K | $308K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1192% | 1h | 0.2001 | +0.243% | $148K | $257K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0368% | 1h | 0.1993 | −0.143% | $975K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1992 | −0.210% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.694% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1990 | −0.307% | $192K | $808K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1990 | −0.308% | $30.3M | $113.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1991 | −0.258% | $2.7M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1990 | −0.308% | $30.1M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1992 | −0.208% | $10.3M | $18.6M | 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
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FETlong | +0.0100% | 8h | 0.1996 | long leg | $273K | $478K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1991 | −0.258% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1990 | −0.287% | $33K | $215K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1991 | −0.233% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1993 | −0.158% | $1.7M | $3.1M | 100x | as long as short |
| BingX FET-USDT | +0.0236% | 8h | 0.1991 | −0.258% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0242% | 8h | 0.1992 | −0.208% | $16.2M | $11.9M | 75x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0395% | 4h | 0.1992 | −0.208% | $1.0M | $8.1M | 20x | |
| Phoenix FET | +0.0435% | 1h | 0.1996 | −0.033% | $35K | $38K | 5x | as long as short |
| Hyperliquid FET | +0.0675% | 1h | 0.1993 | −0.173% | $8.5M | $8.4M | 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
Phoenix FET
Hyperliquid FET