Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Variational Omni against BloFin−0.192%71s7-day average −0.052% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)+0.339%+$34 · spread now −0.192%, 7d avg −0.052%
=Together, before fees+0.219%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.139% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.052%). Swap the legs. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin FET-USDT | 0.2021 | 0.0220 | pay 0.0220% / 8h | 4h 21m | $1.7M | $3.1M | 100x |
| Short | Variational Omni FET | 0.2017 | 0.0100 | get 0.0100% / 8h | 4h 21m | $337K | $418K | — |
BloFin FET-USDT
Variational Omni FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against BloFin. 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
- −$25.2
- Price spread: −0.192% → −0.052%
- −$13.94
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$51.14
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 11 min ago; Variational Omni: RFQ quote, 37 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 BloFin live order book, 11 min ago | 2.48 bp | 8.5 bp −$8 | 31.5 bp −$315 | 169.6 bp −$17.0K | doesn't fit |
| Sell Variational Omni RFQ quote, 37 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 | −0.3205% | 1h | 0.2019 | −0.099% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2021 | 0.000% | $146K | $239K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0455% | 1h | 0.2020 | −0.045% | $996K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2018 | −0.124% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.544% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2015 | −0.273% | $201K | $805K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2017 | −0.188% | $30.9M | $113.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2016 | −0.247% | $2.7M | $12.5M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2016 | −0.247% | $31.4M | $24.7M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2018 | −0.148% | $10.6M | $18.8M | 50x | 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
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 | 0.2017 | −0.192% | $337K | $418K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2019 | −0.099% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2016 | −0.254% | $33K | $252K | 10x | as long as short |
| Hyperliquid FET | +0.0190% | 1h | 0.2017 | −0.190% | $8.8M | $8.4M | 5x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2017 | −0.175% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2021 | long leg | $1.7M | $3.1M | 100x | |
| OKX FET-USDT-SWAP | +0.0227% | 4h | 0.2018 | −0.148% | $1.0M | $8.2M | 20x | as long as short |
| BingX FET-USDT | +0.0276% | 8h | 0.2018 | −0.148% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0288% | 8h | 0.2018 | −0.148% | $16.3M | $11.9M | 75x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2021 | −0.005% | $35K | $39K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Hyperliquid FET
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Phoenix FET