Funding you earn now, next payment 08:00 UTC−0.0836%/8h= −91.5% APRpaid last 24h −0.130%
Price spread now: Coinbase International against Variational Omni+0.636%7-day average +0.315% · 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)+0.234%+$23 on $10k
+Price spread, last 4 days (all we have)−0.578%−$58 · spread now +0.636%, 7d avg +0.315%
=Together, before fees−0.344%+ Points / potential airdropVariational Omni: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.321% dearer against Variational Omni than usual: you sell high and buy low (spread +0.636% now, against its 7-day average of +0.315%): +$32 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 31 hours. Mind the row above: over the last 4 days funding on this pair paid +0.234%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.234% in total (about 23.2% a year). A funding rate is set anew for every payment. 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 | Variational Omni FET | 0.2017 | 0.0100 | pay 0.0100% / 8h | 7h 51m | $286K | $534K | — |
| Short | Coinbase International FET-PERP-INTX | 0.2030 | −0.0736 | pay 0.0092% / 1h | 51m 00s | $144K | $272K | 50x |
Variational Omni FET
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Variational Omni. 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
- −$175.56
- Price spread: +0.636% → +0.315%
- $32.11
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$153.45
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 48 min ago; Coinbase International: live order book, 47 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, 48 min ago | 7.43 bp | doesn't fit | 37.2 bp −$372 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 47 min ago | 4.97 bp | 14.9 bp −$15 | 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 | −0.2697% | 1h | 0.2030 | +0.636% | $42K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.0736% | 1h | 0.2030 | +0.636% | $144K | $272K | 50x | |
| Kraken Futures PF_FETUSD | −0.0303% | 1h | 0.2031 | +0.701% | $1.0M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2028 | +0.527% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.355% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2030 | +0.636% | $189K | $752K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2028 | +0.537% | $2.8M | $12.0M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2030 | +0.636% | $10.5M | $17.8M | 50x | as long as short |
| Variational Omni FETlong | +0.0100% | 8h | 0.2017 | long leg | $286K | $534K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2029 | +0.587% | $36K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0112% | 8h | 0.2031 | +0.686% | $16.6M | $11.7M | 75x | as long as short |
| Extended FET-USD | +0.0128% | 1h | 0.2030 | +0.631% | $30K | $204K | 10x | as long as short |
| BingX FET-USDT | +0.0128% | 8h | 0.2030 | +0.636% | — | $5.9M | — | as long as short |
| MEXC FET_USDT | +0.0130% | 8h | 0.2030 | +0.636% | $30.1M | $25.0M | 200x | as long as short |
| Binance FETUSDT | +0.0130% | 8h | 0.2031 | +0.686% | $31.1M | $111.8M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0301% | 1h | 0.2028 | +0.536% | $13K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0224% | 4h | 0.2031 | +0.686% | $1.0M | $8.0M | 20x | as long as short |
| BloFin FET-USDT | +0.0250% | 8h | 0.2028 | +0.537% | $1.7M | $3.2M | 100x | as long as short |
| Phoenix FET | +0.0594% | 1h | 0.2017 | +0.007% | $35K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0750% | 1h | 0.2031 | +0.661% | $8.5M | $8.5M | 5x | as long as short |
Bitget FETUSDT
Extended FET-USD
BingX FET-USDT
MEXC FET_USDT
Binance FETUSDT
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BloFin FET-USDT
Phoenix FET
Hyperliquid FET