Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Variational Omni+0.111%7-day average +0.031% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.203%−$20 · spread now +0.111%, 7d avg +0.031%

Together, before fees−0.203%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.080% dearer against Variational Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni FET	0.2061	0.0100	pay 0.0100% / 8h	7h 13m	$362K	$400K	—
Short	Aster FETUSDT	0.2063	0.0100	get 0.0100% / 8h	7h 13m	$342K	$545K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee AsterbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → +0.031%: $8.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $0.01
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Aster: live order book, 59 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, 60 min ago	7.32 bp	doesn't fit	36.6 bp −$366	doesn't fit	doesn't fit
Sell Aster live order book, 59 min ago	14.68 bp	18.7 bp −$19	doesn't fit	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	−0.3613%	1h	0.2063	+0.088%	$30K	$223K	10x	as long as short
Kraken Futures PF_FETUSD	−0.1253%	1h	0.2066	+0.231%	$1.0M	$2.2M	50x	as long as short
Coinbase International FET-PERP-INTX	−0.0704%	1h	0.2063	+0.088%	$151K	$215K	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0022%	1h	0.2063	+0.084%	$21K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−2.483%	$3K	$166K	12x	as long as short
Aster FETUSDTshort	+0.0100%	8h	0.2063	+0.111%	$342K	$545K	10x
Binance FETUSDT	+0.0100%	8h	0.2061	−0.006%	$32.3M	$111.0M	75x	as long as short
Gate FET_USDT	+0.0100%	8h	0.2061	−0.009%	$2.8M	$12.4M	50x	as long as short
MEXC FET_USDT	+0.0100%	8h	0.2060	−0.057%	$34.7M	$25.0M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2064	+0.137%	$11.0M	$19.2M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FETlong	+0.0100%	8h	0.2061	long leg	$362K	$400K	—
Orderly PERP_FET_USDC	+0.0100%	8h	0.2061	−0.009%	$38K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2062	+0.024%	$34K	$244K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0202% / S −0.0278%	1h	0.2061	+0.013%	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2065	+0.185%	$1.7M	$2.7M	100x	as long as short
OKX FET-USDT-SWAP	+0.0268%	4h	0.2063	+0.088%	$1.0M	$8.2M	20x	as long as short
BingX FET-USDT	+0.0289%	8h	0.2062	+0.040%	—	$5.7M	—	as long as short
Bitget FETUSDT	+0.0299%	8h	0.2064	+0.137%	$16.6M	$11.6M	75x	as long as short
Hyperliquid FET	+0.0414%	1h	0.2066	+0.214%	$9.2M	$8.3M	5x	as long as short
Phoenix FET	+0.0467%	1h	0.2056	−0.256%	$36K	$45K	5x	as long as short