Funding you earn now, next payment 05:00 UTC+0.0468%/8h= +51.2% APRpaid last 24h −0.052%
Price spread now: Variational Omni against Kraken Futures+0.371%7-day average −0.056% · 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)−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.371%, 7d avg −0.056%
=Together, before fees−0.398%+ Points / potential airdropVariational Omni: Active · farm board−$40 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Variational Omni is 0.428% dearer against Kraken Futures than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.056%. Mind the row above: over the last 4 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.086% in total (about -8.9% 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 | Kraken Futures PF_FETUSD | 0.1992 | −0.0368 | get 0.0046% / 1h | 21m 54s | $974K | $2.2M | 50x |
| Short | Variational Omni FET | 0.1999 | 0.0100 | get 0.0100% / 8h | 3h 21m | $274K | $478K | — |
Kraken Futures PF_FETUSD
Variational Omni FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Kraken Futures. 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
- $98.26
- Price spread: +0.371% → −0.056%
- $42.77
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $131.03
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago | 9.03 bp | 21.5 bp −$22 | 68.4 bp −$684 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 32 min ago | 7.44 bp | doesn't fit | 37.2 bp −$372 | doesn't fit | doesn't fit |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.4252% | 1h | 0.1990 | −0.087% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1192% | 1h | 0.2005 | +0.666% | $148K | $257K | 50x | as long as short |
| Kraken Futures PF_FETUSDlong | −0.0368% | 1h | 0.1992 | long leg | $974K | $2.2M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1989 | −0.158% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.917% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1992 | +0.006% | $192K | $808K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1994 | +0.112% | $30.5M | $114.1M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1990 | −0.087% | $2.7M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1990 | −0.087% | $29.6M | $24.8M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1989 | −0.137% | $10.3M | $18.6M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FETshort | +0.0100% | 8h | 0.1999 | +0.371% | $274K | $478K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1988 | −0.187% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1989 | −0.121% | $33K | $253K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1988 | −0.205% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1993 | +0.064% | $1.7M | $3.1M | 100x | as long as short |
| BingX FET-USDT | +0.0238% | 8h | 0.1994 | +0.114% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0249% | 8h | 0.1996 | +0.214% | $16.1M | $11.9M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0365% | 4h | 0.1995 | +0.164% | $1.0M | $8.1M | 20x | as long as short |
| Phoenix FET | +0.0435% | 1h | 0.2001 | +0.455% | $35K | $38K | 5x | as long as short |
| Hyperliquid FET | +0.0660% | 1h | 0.1990 | −0.065% | $8.5M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET