Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.019%
Price spread now: Injective against Variational Omni+0.947%76s7-day average −0.607% · 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)+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)−1.666%−$167 · spread now +0.947%, 7d avg −0.607%
=Together, before fees−1.598%+ Points / potential airdropVariational Omni: Active · farm board−$160 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.553% dearer against Variational Omni than usual: you sell high and buy low (spread +0.947% now, against its 7-day average of −0.607%): +$155 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. Mind the row above: over the last 4 days funding on this pair paid +0.068%, so the current rate has only just turned against you. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni FET | 0.1991 | 0.0100 | pay 0.0100% / 8h | 2h 16m | $273K | $480K | — |
| Short | Injective FET/USDC PERP | 0.2010 | 0.0033 | get 0.0004% / 1h | 16m 01s | $3K | $166K | 12x |
Variational Omni FET
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: +0.947% → −0.607%
- $155.31
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $141.29
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 33 min ago; Injective: no order-book sample. 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, 33 min ago | 7.55 bp | doesn't fit | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1246% | 1h | 0.2003 | +0.595% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2005 | +0.695% | $150K | $261K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2002 | +0.543% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERPshort | +0.0033% | 1h | 0.2010 | +0.947% | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2005 | +0.713% | $191K | $816K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2005 | +0.690% | $30.6M | $114.6M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2001 | +0.495% | $2.6M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2003 | +0.595% | $30.3M | $25.2M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2003 | +0.595% | $10.5M | $18.4M | 50x | as long as short |
| Variational Omni FETlong | +0.0100% | 8h | 0.1991 | long leg | $273K | $480K | — |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2002 | +0.545% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2002 | +0.569% | $33K | $202K | 10x | as long as short |
| BingX FET-USDT | +0.0193% | 8h | 0.2004 | +0.645% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0194% | 8h | 0.2005 | +0.695% | $16.3M | $11.9M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2001 | +0.515% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2001 | +0.495% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0414% | 4h | 0.2004 | +0.645% | $986K | $8.2M | 20x | as long as short |
| Kraken Futures PF_FETUSD | +0.0458% | 1h | 0.2004 | +0.666% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.2005 | +0.675% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0803% | 1h | 0.2005 | +0.695% | $8.5M | $8.4M | 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
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSD
Phoenix FET
Hyperliquid FET