Funding you earn now, next payment 22:00 UTC−0.4776%/8h= −523.0% APRpaid last 24h −0.313%
Price spread now: Deribit against Variational Omni+0.028%7-day average −0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.263%−$26 on $10k
+Price spread, last 3 days (all we have)−0.176%−$18 · spread now +0.028%, 7d avg −0.009%
=Together, before fees−0.439%+ Points / potential airdropVariational Omni: Active · farm board−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.037% dearer against Variational Omni than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.009%): +$4 on $10k if it goes back. Holding the pair costs −$143 a day in funding at the current rate, which eats that in about under an hour. At the pace of the last 3 days (−0.263% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.263% in total (about -29.7% 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 | 0.2019 | 0.0100 | pay 0.0100% / 8h | 2h 22m | $273K | $315K | — |
| Short | Deribit FET_USDC-PERPETUAL | 0.2020 | −0.4676 | pay 0.0585% / 1h | 22m 42s | $27K | $209K | 10x |
Variational Omni FET
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$1,002.98
- Price spread: +0.028% → −0.009%
- $3.71
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$1,006.27
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Deribit: live order book, 1 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, 1 min ago | 7.43 bp | doesn't fit | 42.1 bp −$421 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 1 min ago | 7.42 bp | 10.9 bp −$11 | 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-PERPETUALshort | −0.4676% | 1h | 0.2020 | +0.028% | $27K | $209K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2022 | +0.127% | $161K | $189K | 50x | as long as short |
| Gate FET_USDT | −0.0033% | 8h | 0.2019 | −0.021% | $2.7M | $11.8M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2021 | +0.065% | $32K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2024 | +0.231% | $1.0M | $2.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2022 | +0.120% | $348K | $529K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2018 | −0.063% | $31.5M | $107.2M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2021 | +0.078% | $861K | $7.6M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2018 | −0.071% | $35.1M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2019 | −0.021% | $10.4M | $19.1M | 50x | as long as short |
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FETlong | +0.0100% | 8h | 0.2019 | long leg | $273K | $315K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2020 | +0.028% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2019 | −0.015% | $32K | $144K | 10x | as long as short |
| BingX FET-USDT | +0.0173% | 8h | 0.2020 | +0.028% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0194% | 8h | 0.2022 | +0.127% | $16.5M | $11.4M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2019 | −0.009% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2022 | +0.127% | $1.7M | $2.6M | 100x | as long as short |
| Hyperliquid FET | +0.0232% | 1h | 0.2020 | +0.038% | $9.0M | $7.7M | 5x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2030 | +0.523% | $3K | $118K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2023 | +0.157% | $27K | $37K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Hyperliquid FET
Injective FET/USDC PERP
Phoenix FET