Funding you earn now, next payment 08:00 UTC−0.0202%/8h= −22.1% APRnext payment −$2.02 per $10,000 · paid last 24h −0.035%
Price spread now: OKX against Variational Omni−0.027%7-day average −0.131% · 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)−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.027%, 7d avg −0.131%
=Together, before fees+0.135%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.104% dearer against Variational Omni than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.131%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 4 days (−0.035% in total) that is about 11 days.
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; at this rate the next one is about −$2.02 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 | Variational Omni FWDI | 8.0492 | −0.0212 | get 0.0212% / 8h | 1h 50m | $114K | $2K | — |
| Short | OKX FWDI-USDT-SWAP | 8.0470 | −0.0414 | pay 0.0414% / 8h | 1h 50m | $319K | $247K | 10x |
Variational Omni FWDI
OKX FWDI-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
- −$42.47
- Price spread: −0.027% → −0.131%
- $10.44
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$42.03
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 58 min ago; OKX: live order book, 55 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, 58 min ago | 5.81 bp | doesn't fit | 580.5 bp −$5,805 | doesn't fit | doesn't fit |
| Sell OKX live order book, 55 min ago | 8.09 bp | 93.8 bp −$94 | doesn't fit | 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 | −0.1000% | 8h | 8.0570 | +0.097% | $429K | $176K | 5x | as long as short |
| Binance FWDIUSDT | −0.0476% | 8h | 8.0540 | +0.060% | $452K | $1.6M | 10x | as long as short |
| OKX FWDI-USDT-SWAPshort | −0.0414% | 8h | 8.0470 | −0.027% | $319K | $247K | 10x | |
| Variational Omni FWDIlong | −0.0212% | 8h | 8.0492 | long leg | $114K | $2K | — | |
| Bybit FWDIUSDT | −0.0141% | 8h | 8.0600 | +0.135% | $361K | $304K | 25x | as long as short |
| QFEX FWDI-USD | 0.0000% | 1h | 8.0800 | +0.383% | $1.1M | $367K | 10x | as long as short |
| HTX FWDI-USDT | 0.0000% | 8h | 8.0510 | +0.023% | $7K | $63K | 10x | as long as short |
Bitget FWDIUSDT
Binance FWDIUSDT
Bybit FWDIUSDT
QFEX FWDI-USD
HTX FWDI-USDT