Funding you earn now, next payment 09:00 UTC+0.0748%/8h= +81.9% APRpaid last 24h +0.142%
Price spread now: Variational Omni against Coinbase International+0.147%7-day average −0.312% · 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)−0.206%−$21 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.147%, 7d avg −0.312%
=Together, before fees−0.260%+ Points / potential airdropVariational Omni: Active · farm board−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Variational Omni is 0.459% dearer against Coinbase International than usual: you sell high and buy low: +$46 more if the spread goes back to its 7-day average of −0.312%. Mind the row above: over the last 4 days funding on this pair cost −0.206%, 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 -0.206% in total (about -20.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International FET-PERP-INTX | 0.2093 | −0.0648 | get 0.0081% / 1h | 20m 18s | $148K | $289K | 50x |
| Short | Variational Omni FET | 0.2096 | 0.0100 | get 0.0100% / 8h | 6h 20m | $314K | $572K | — |
Coinbase International FET-PERP-INTX
Variational Omni FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Coinbase International. 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
- $157.08
- Price spread: +0.147% → −0.312%
- $45.87
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $192.95
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 30 min ago; Variational Omni: RFQ quote, 31 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 Coinbase International live order book, 30 min ago | 4.78 bp | 55.9 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 31 min ago | 7.16 bp | doesn't fit | 45.3 bp −$453 | doesn't fit | doesn't fit |
FET on 20 exchanges
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 | −0.4973% | 1h | 0.2095 | +0.096% | $33K | $333K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0648% | 1h | 0.2093 | long leg | $148K | $289K | 50x | |
| Kraken Futures PF_FETUSD | −0.0017% | 1h | 0.2096 | +0.167% | $1.1M | $1.9M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2097 | +0.186% | $10K | — | 150x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2095 | +0.096% | $165K | $772K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2095 | +0.076% | $32.3M | $112.4M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2096 | +0.143% | $1.1M | $8.0M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2094 | +0.048% | $3.0M | $12.7M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2094 | +0.048% | $30.5M | $26.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2096 | +0.143% | $11.1M | $17.5M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0100% | 8h | 0.2096 | +0.143% | $16.8M | $12.4M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2096 | +0.143% | — | $5.7M | — | as long as short |
| Variational Omni FETshort | +0.0100% | 8h | 0.2096 | +0.147% | $314K | $572K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2095 | +0.096% | $37K | $11K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2095 | +0.090% | $34K | $209K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0199% / S −0.0277% | 1h | 0.2095 | +0.079% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2096 | +0.143% | $1.8M | $3.3M | 100x | as long as short |
| Phoenix FET | +0.0453% | 1h | 0.2099 | +0.311% | $36K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0505% | 1h | 0.2101 | +0.361% | $9.3M | $7.9M | 5x | as long as short |
| Injective FET/USDC PERP | +0.2505% | 1h | 0.2100 | +0.334% | $2K | $166K | 12x | as long as short |
Bitget FETUSDT
BingX FET-USDT
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Hyperliquid FET
Injective FET/USDC PERP