Funding you earn now, next payment 08:00 UTC−0.0232%/8h= −25.4% APRnext payment −$2.32 per $10,000 · paid last 24h −0.021%
Price spread now: Variational Omni against Bitget+0.703%7-day average −0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−0.330%−$33 · spread now +0.703%, 7d avg −0.010%
=Together, before fees−0.351%+ Points / potential airdropVariational Omni: Active · farm board−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.713% dearer against Bitget than usual: you sell high and buy low (spread +0.703% now, against its 7-day average of −0.010%): +$71 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 3 days (−0.021% in total) that is about 4 months.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.021% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.32 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 | Bitget FETUSDT | 0.2012 | 0.0332 | pay 0.0332% / 8h | 4h 48m | $16.3M | $11.9M | 75x |
| Short | Variational Omni FET | 0.2026 | 0.0100 | get 0.0100% / 8h | 4h 48m | $339K | $423K | — |
Bitget FETUSDT
Variational Omni FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bitget. 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
- −$48.72
- Price spread: +0.703% → −0.010%
- $71.31
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $10.59
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 5 min ago; Variational Omni: RFQ quote, 10 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 Bitget live order book, 5 min ago | 2.44 bp | 15.5 bp −$15 | 33.9 bp −$339 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 10 min ago | 7.28 bp | doesn't fit | 46.1 bp −$461 | 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 | −0.4201% | 1h | 0.2013 | +0.050% | $38K | $305K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2015 | +0.149% | $148K | $235K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0456% | 1h | 0.2017 | +0.238% | $995K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2012 | +0.022% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.099% | $3K | $166K | 12x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2012 | +0.015% | $8.8M | $8.5M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2012 | +0.010% | $205K | $793K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2012 | +0.016% | $31.0M | $113.6M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2012 | 0.000% | $2.7M | $12.5M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2012 | 0.000% | $30.0M | $24.0M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2014 | +0.099% | $10.6M | $18.8M | 50x | as long as short |
| Variational Omni FETshort | +0.0100% | 8h | 0.2026 | +0.703% | $339K | $423K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2012 | 0.000% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2013 | +0.072% | $35K | $249K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0189% | 4h | 0.2015 | +0.149% | $1.0M | $8.2M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2012 | +0.014% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2011 | −0.050% | $1.7M | $3.1M | 100x | as long as short |
| BingX FET-USDT | +0.0330% | 8h | 0.2012 | 0.000% | — | $6.0M | — | as long as short |
| Bitget FETUSDTlong | +0.0332% | 8h | 0.2012 | long leg | $16.3M | $11.9M | 75x | |
| Phoenix FET | +0.0505% | 1h | 0.2015 | +0.159% | $35K | $39K | 5x | as long as short |
KuCoin FETUSDTM
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Phoenix FET