Funding you earn now, next payment 00:00 UTC−0.0114%/8h= −12.5% APRnext payment −$1.14 per $10,000 · paid last 24h −0.016%
Price spread now: Variational Omni against Phemex+0.124%7-day average −0.040% · 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)−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.124%, 7d avg −0.040%
=Together, before fees−0.024%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.164% dearer against Phemex than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of −0.040%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 3 days (−0.016% in total) that is about 34 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9800 | 0.0100 | pay 0.0100% / 8h | 2h 32m | $1.0M | $2.2M | 50x |
| Short | Variational Omni FIL | 0.9812 | −0.0014 | pay 0.0014% / 8h | 2h 32m | $435K | $276K | — |
Phemex FILUSDT
Variational Omni FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phemex. 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
- −$23.88
- Price spread: +0.124% → −0.040%
- $16.44
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$19.44
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 1 min ago; Variational Omni: RFQ quote, 56 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 Phemex live order book, 1 min ago | 10.19 bp | 26.2 bp −$26 | 99.5 bp −$995 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 56 min ago | 3.58 bp | doesn't fit | 36.3 bp −$363 | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.1277% | 1h | 0.9809 | +0.092% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0625% | 1h | 0.9808 | +0.080% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | −0.0416% | 1h | 0.9796 | −0.044% | $156K | $337K | 5x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9816 | +0.163% | $314K | $1.9M | 50x | as long as short |
| Bybit FILUSDT | −0.0069% | 8h | 0.9805 | +0.051% | $15.4M | $18.0M | 25x | as long as short |
| Bitget FILUSDT | −0.0036% | 8h | 0.9796 | −0.041% | $10.8M | $21.9M | 75x | as long as short |
| Variational Omni FILshort | −0.0014% | 8h | 0.9812 | +0.124% | $435K | $276K | — | |
| Hyperliquid FIL | −0.0009% | 1h | 0.9799 | −0.010% | $8.6M | $9.4M | 5x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9805 | +0.050% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9805 | +0.046% | $57K | $2K | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Lighter FIL
Coinbase International FIL-PERP-INTX
Bybit FILUSDT
Bitget FILUSDT
Hyperliquid FIL
gTrade (Gains Network) FIL/USD
dYdX FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0011% | 8h | 0.9802 | +0.020% | $18.0M | $96.3M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9751 | −0.500% | $2K | $148K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0034% | 8h | 0.9800 | 0.000% | $7.3M | $7.1M | 50x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9800 | +0.004% | $485K | $514K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9802 | +0.020% | $56.1M | $175.6M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9800 | 0.000% | $7.8M | $16.3M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9795 | −0.051% | $249K | $104K | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9799 | −0.010% | — | $6.5M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9809 | +0.093% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9812 | +0.119% | $287K | $813K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9810 | +0.102% | $42K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9815 | +0.153% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9790 | −0.102% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9799 | −0.010% | $478 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9809 | +0.092% | $619K | $5.7M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9800 | long leg | $1.0M | $2.2M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9799 | −0.013% | $685K | $2.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9800 | 0.000% | $2.6M | $634K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0613% / S −0.0849% | 1h | 0.9806 | +0.066% | $208K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Injective FIL/USDC PERP
KuCoin FILUSDTM
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
BingX FIL-USDC
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]