Funding you earn now, next payment 09:00 UTC−0.0399%/8h= −43.7% APRpaid last 24h +0.012%
Price spread now: Kraken Futures against Variational Omni+0.709%7-day average +0.052% · 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)+0.085%+$9 on $10k
+Price spread, last 4 days (all we have)−1.119%−$112 · spread now +0.709%, 7d avg +0.052%
=Together, before fees−1.034%+ Points / potential airdropVariational Omni: Active · farm board−$103 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.656% dearer against Variational Omni than usual: you sell high and buy low (spread +0.709% now, against its 7-day average of +0.052%): +$66 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5.5 days. Mind the row above: over the last 4 days funding on this pair paid +0.085%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.085% in total (about 8.4% 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 FET | 0.2044 | 0.0100 | pay 0.0100% / 8h | 7h 23m | $279K | $565K | — |
| Short | Kraken Futures PF_FETUSD | 0.2059 | −0.0299 | pay 0.0037% / 1h | 23m 58s | $1.1M | $2.1M | 50x |
Variational Omni FET
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$83.85
- Price spread: +0.709% → +0.052%
- $65.64
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$28.21
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 10 min ago; Kraken Futures: live order book, 5 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, 10 min ago | 7.34 bp | doesn't fit | 46.5 bp −$465 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 10.53 bp | 36.6 bp −$37 | 75.1 bp −$751 | 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 | −0.1206% | 1h | 0.2057 | +0.631% | $42K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0736% | 1h | 0.2057 | +0.631% | $142K | $280K | 50x | as long as short |
| Kraken Futures PF_FETUSDshort | −0.0299% | 1h | 0.2059 | +0.709% | $1.1M | $2.1M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2051 | +0.359% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.668% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2058 | +0.680% | $187K | $757K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2056 | +0.582% | $2.8M | $12.2M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2058 | +0.680% | $10.6M | $17.7M | 50x | as long as short |
| Variational Omni FETlong | +0.0100% | 8h | 0.2044 | long leg | $279K | $565K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2056 | +0.582% | $37K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0105% | 8h | 0.2060 | +0.778% | $17.0M | $11.7M | 75x | as long as short |
| MEXC FET_USDT | +0.0125% | 8h | 0.2057 | +0.631% | $29.2M | $25.3M | 200x | as long as short |
| Binance FETUSDT | +0.0125% | 8h | 0.2058 | +0.680% | $31.4M | $112.5M | 75x | as long as short |
| Extended FET-USD | +0.0128% | 1h | 0.2057 | +0.650% | $30K | $202K | 10x | as long as short |
| BingX FET-USDT | +0.0128% | 8h | 0.2059 | +0.729% | — | $5.9M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0165% | 4h | 0.2060 | +0.778% | $1.0M | $8.1M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0301% | 1h | 0.2055 | +0.540% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0246% | 8h | 0.2054 | +0.484% | $1.7M | $3.4M | 100x | as long as short |
| Phoenix FET | +0.0594% | 1h | 0.2046 | +0.083% | $35K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0751% | 1h | 0.2059 | +0.714% | $8.7M | $8.4M | 5x | as long as short |
Bitget FETUSDT
MEXC FET_USDT
Binance FETUSDT
Extended FET-USD
BingX FET-USDT
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Hyperliquid FET