Funding you earn now, next payment 06:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h −0.035%
Price spread now: QFEX against Variational Omni+0.221%7-day average −0.407% · 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)+0.059%+$6 · spread now +0.221%, 7d avg −0.407%
=Together, before fees+0.024%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and QFEX is 0.628% dearer against Variational Omni than usual: you sell high and buy low: +$63 more if the spread goes back to its 7-day average of −0.407%.
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 -3.5% 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 FWDI | 8.0522 | −0.0268 | get 0.0268% / 8h | 2h 11m | $114K | $94K | — |
| Short | QFEX FWDI-USD | 8.0700 | 0 | get 0.0000% / 1h | 11m 30s | $1.1M | $385K | 10x |
Variational Omni FWDI
QFEX FWDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $56.26
- Price spread: +0.221% → −0.407%
- $62.8
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $109.06
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 37 min ago; QFEX: live order book, 4 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, 37 min ago | 5.81 bp | doesn't fit | 580.5 bp −$5,805 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 12.41 bp | 42.1 bp −$42 | 62.5 bp −$625 | 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 | −0.1100% | 8h | 8.0650 | +0.159% | $429K | $177K | 5x | as long as short |
| Binance FWDIUSDT | −0.0531% | 8h | 8.0625 | +0.128% | $454K | $1.7M | 10x | as long as short |
| OKX FWDI-USDT-SWAP | −0.0462% | 8h | 8.0560 | +0.048% | $320K | $247K | 10x | as long as short |
| Variational Omni FWDIlong | −0.0268% | 8h | 8.0522 | long leg | $114K | $94K | — | |
| Bybit FWDIUSDT | −0.0217% | 8h | 8.0650 | +0.159% | $363K | $304K | 25x | as long as short |
| QFEX FWDI-USDshort | 0.0000% | 1h | 8.0700 | +0.221% | $1.1M | $385K | 10x | |
| HTX FWDI-USDT | 0.0000% | 8h | 8.0650 | +0.159% | $7K | $62K | 10x | as long as short |
Bitget FWDIUSDT
Binance FWDIUSDT
OKX FWDI-USDT-SWAP
Bybit FWDIUSDT
HTX FWDI-USDT