Funding you earn now, next payment 11:00 UTC+0.1254%/8h= +137.3% APRpaid last 24h +0.014%
Price spread now: Variational Omni against Kraken Futures+0.306%7-day average −0.055% · 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)−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.306%, 7d avg −0.055%
=Together, before fees−0.240%+ Points / potential airdropVariational Omni: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Variational Omni is 0.361% dearer against Kraken Futures than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.055%. Mind the row above: over the last 4 days funding on this pair cost −0.082%, 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 -0.082% in total (about -7.9% 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 | Kraken Futures PF_FETUSD | 0.2080 | −0.1154 | get 0.0144% / 1h | 52m 08s | $1.0M | $2.0M | 50x |
| Short | Variational Omni FET | 0.2086 | 0.0100 | get 0.0100% / 8h | 5h 52m | $314K | $562K | — |
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
- $263.24
- Price spread: +0.306% → −0.055%
- $36.07
- 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
- $289.31
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 4 min ago; Variational Omni: RFQ quote, 60 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, 4 min ago | 10.06 bp | 16.1 bp −$16 | 96.2 bp −$962 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 60 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 | −0.6452% | 1h | 0.2075 | −0.221% | $34K | $334K | 10x | as long as short |
| Kraken Futures PF_FETUSDlong | −0.1154% | 1h | 0.2080 | long leg | $1.0M | $2.0M | 50x | |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2073 | −0.318% | $147K | $269K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2080 | +0.033% | $10K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | +0.981% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2076 | −0.172% | $161K | $747K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2077 | −0.132% | $32.1M | $111.0M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2075 | −0.221% | $1.1M | $7.7M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2075 | −0.221% | $2.9M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2076 | −0.173% | $29.6M | $25.3M | 200x | 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
OKX FET-USDT-SWAP
Gate FET_USDT
MEXC FET_USDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2076 | −0.173% | $11.0M | $17.3M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2076 | −0.173% | $16.6M | $12.2M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2076 | −0.173% | — | $5.8M | — | as long as short |
| Variational Omni FETshort | +0.0100% | 8h | 0.2086 | +0.306% | $314K | $562K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2075 | −0.221% | $37K | $13K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2075 | −0.234% | $39K | $220K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0302% | 1h | 0.2076 | −0.166% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2082 | +0.115% | $1.8M | $3.3M | 100x | as long as short |
| Phoenix FET | +0.0418% | 1h | 0.2082 | +0.134% | $36K | $36K | 5x | as long as short |
| Hyperliquid FET | +0.0494% | 1h | 0.2080 | +0.009% | $9.3M | $7.7M | 5x | as long as short |
KuCoin FETUSDTM
Bitget FETUSDT
BingX FET-USDT
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Hyperliquid FET