Funding you earn now, next payment 05:00 UTC−0.0326%/8h= −35.7% APRpaid last 24h +0.035%
Price spread now: Variational Omni against QFEX+0.286%7-day average +0.411% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.035%+$3 on $10k
+Price spread, last 4 days (all we have)−0.556%−$56 · spread now +0.286%, 7d avg +0.411%
=Together, before fees−0.522%+ Points / potential airdropVariational Omni: Active · farm board−$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Variational Omni is 0.125% cheaper against QFEX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.411%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.035% in total (about 3.6% 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 | QFEX FWDI-USD | 8.0500 | 0 | get 0.0000% / 1h | 22m 18s | $1.1M | $425K | 10x |
| Short | Variational Omni FWDI | 8.0730 | −0.0326 | pay 0.0326% / 8h | 3h 22m | $113K | $121K | — |
QFEX FWDI-USD
Variational Omni FWDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against QFEX. 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
- −$68.43
- Price spread: +0.286% → +0.411%
- −$12.48
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$90.92
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 3 min ago; Variational Omni: RFQ quote, 32 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 QFEX live order book, 3 min ago | 6.21 bp | 60.6 bp −$61 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 32 min ago | 6.79 bp | doesn't fit | 594.5 bp −$5,945 | 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 | −0.1266% | 8h | 8.0850 | +0.435% | $430K | $178K | 5x | as long as short |
| Bybit FWDIUSDT | −0.0499% | 8h | 8.0750 | +0.311% | $363K | $306K | 25x | as long as short |
| Binance FWDIUSDT | −0.0363% | 8h | 8.0739 | +0.297% | $456K | $1.8M | 10x | as long as short |
| Variational Omni FWDIshort | −0.0326% | 8h | 8.0730 | +0.286% | $113K | $121K | — | |
| OKX FWDI-USDT-SWAP | −0.0150% | 8h | 8.0610 | +0.137% | $320K | $244K | 10x | as long as short |
| QFEX FWDI-USDlong | 0.0000% | 1h | 8.0500 | long leg | $1.1M | $425K | 10x | |
| HTX FWDI-USDT | 0.0000% | 8h | 8.0750 | +0.311% | $7K | $62K | 10x | as long as short |
Bitget FWDIUSDT
Bybit FWDIUSDT
Binance FWDIUSDT
OKX FWDI-USDT-SWAP
HTX FWDI-USDT