Funding you earn now, next payment 08:00 UTC−0.0190%/8h= −20.8% APRnext payment −$1.90 per $10,000 · paid last 24h +0.035%
Price spread now: Variational Omni against OKX+0.025%7-day average +0.132% · 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)+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)−0.423%−$42 · spread now +0.025%, 7d avg +0.132%
=Together, before fees−0.388%+ Points / potential airdropVariational Omni: Active · farm board−$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.107% cheaper against OKX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.132%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.035% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.90 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 | OKX FWDI-USDT-SWAP | 8.1060 | −0.0064 | get 0.0064% / 8h | 4h 17m | $322K | $249K | 10x |
| Short | Variational Omni FWDI | 8.1080 | −0.0254 | pay 0.0254% / 8h | 4h 17m | $114K | $121K | — |
OKX FWDI-USDT-SWAP
Variational Omni FWDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against OKX. 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
- −$39.89
- Price spread: +0.025% → +0.132%
- −$10.7
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$60.6
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 38 min ago; Variational Omni: RFQ quote, 42 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 OKX live order book, 38 min ago | 10.33 bp | 60.0 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 42 min ago | 4.74 bp | doesn't fit | 619.8 bp −$6,198 | doesn't fit | doesn't fit |
FWDI on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget FWDIUSDT | −0.1131% | 8h | 8.0980 | −0.099% | $431K | $179K | 5x | as long as short |
| Bybit FWDIUSDT | −0.0911% | 8h | 8.1150 | +0.111% | $365K | $331K | 25x | as long as short |
| Variational Omni FWDIshort | −0.0254% | 8h | 8.1080 | +0.025% | $114K | $121K | — | |
| Binance FWDIUSDT | −0.0161% | 8h | 8.1100 | +0.049% | $460K | $1.8M | 10x | as long as short |
| OKX FWDI-USDT-SWAPlong | −0.0064% | 8h | 8.1060 | long leg | $322K | $249K | 10x | |
| QFEX FWDI-USD | 0.0000% | 1h | 8.1000 | −0.074% | $1.1M | $438K | 10x | as long as short |
| HTX FWDI-USDT | 0.0000% | 8h | 8.1360 | +0.370% | $7K | $61K | 10x | as long as short |
Bitget FWDIUSDT
Bybit FWDIUSDT
Binance FWDIUSDT
QFEX FWDI-USD
HTX FWDI-USDT