FET

Alert

Funding spread now, next payment 15:00 UTC−0.0786%/8h

paid, last 24h−0.059%paid, last 3 days−0.170%to open and closeno order book

Long on Hyperliquid Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.170% in total (about -21.0% 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	Hyperliquid FET	0.2041	0.0886	pay 0.0111% / 1h	7m 07s	$10.1M	$6.3M	5x
Short	Variational Omni FET	0.2041	0.0100	get 0.0100% / 8h	1h 07m	$283K	$230K	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Variational OmnibpOrdersRate

Funding earned: −$165.03
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$174.03
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 min ago; Variational Omni: RFQ quote, 48 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.012%
Avg gap 7d: −0.036%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Hyperliquid live order book, 7 min ago	1.97 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 48 min ago	9.70 bp	doesn't fit	19.4 bp −$194	doesn't fit	doesn't fit

FET on 20 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit FET_USDC-PERPETUAL	−0.2198%	1h	$16K	$146K	10x	as long as short
Gate FET_USDT	−0.0031%	8h	$2.9M	$10.7M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0005% / S −0.0008%	1h	$41K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	$2K	$65K	12x	as long as short
Orderly PERP_FET_USDC	+0.0076%	8h	$38K	$41K	10x	as long as short
Aster FETUSDT	+0.0100%	8h	$300K	$443K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$32.2M	$100.3M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	$910K	$7.0M	20x	as long as short
MEXC FET_USDT	+0.0100%	8h	$35.3M	$19.4M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	$10.1M	$13.9M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget FETUSDT	+0.0100%	8h	$16.4M	$10.9M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$4.6M	—	as long as short
Variational Omni FETshort	+0.0100%	8h	$283K	$230K	—
Extended FET-USD	+0.0104%	1h	$31K	$147K	10x	as long as short
Coinbase International FET-PERP-INTX	+0.0160%	1h	$189K	$191K	50x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0206% / S −0.0362%	1h	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	$1.7M	$2.5M	100x	as long as short
Kraken Futures PF_FETUSD	+0.0294%	1h	$1.0M	$2.6M	50x	as long as short
Phoenix FET	+0.0386%	1h	$28K	$49K	5x	as long as short
Hyperliquid FETlong	+0.0886%	1h	$10.1M	$6.3M	5x