Funding you earn now, next payment 22:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.133%
Price spread now: Kraken Futures against Variational Omni−0.034%7-day average +0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.124%+$12 on $10k
+Price spread, last 3 days (all we have)−0.114%−$11 · spread now −0.034%, 7d avg +0.045%
=Together, before fees+0.010%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.079% cheaper against Variational Omni than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.045%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.124%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni FET | 0.1994 | 0.0100 | pay 0.0100% / 8h | 2h 03m | $270K | $315K | — |
| Short | Kraken Futures PF_FETUSD | 0.1994 | 0.0032 | get 0.0004% / 1h | 3m 40s | $1.0M | $2.2M | 50x |
Variational Omni FET
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$14.18
- Price spread: −0.034% → +0.045%
- −$7.88
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$32.06
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 20 min ago; Kraken Futures: live order book, 5 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, 20 min ago | 7.43 bp | doesn't fit | 42.1 bp −$421 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 11.27 bp | 22.3 bp −$22 | 76.7 bp −$767 | 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 | −0.5236% | 1h | 0.1994 | −0.021% | $26K | $199K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2022 | +1.383% | $161K | $188K | 50x | as long as short |
| Gate FET_USDT | −0.0011% | 8h | 0.1993 | −0.071% | $2.7M | $11.9M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.1991 | −0.146% | $31K | — | 150x | as long as short |
| Kraken Futures PF_FETUSDshort | +0.0032% | 1h | 0.1994 | −0.034% | $1.0M | $2.2M | 50x | |
| Aster FETUSDT | +0.0100% | 8h | 0.1994 | −0.040% | $338K | $533K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1997 | +0.130% | $31.2M | $107.2M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1997 | +0.130% | $34.5M | $25.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1996 | +0.080% | $10.3M | $19.1M | 50x | as long as short |
| Variational Omni FETlong | +0.0100% | 8h | 0.1994 | long leg | $270K | $315K | — |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
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 | 0.1992 | −0.121% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1996 | +0.064% | $32K | $189K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0113% | 4h | 0.1997 | +0.130% | $849K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0200% / S −0.0278% | 1h | 0.1991 | −0.148% | $13K | — | 100x | as long as short |
| BingX FET-USDT | +0.0217% | 8h | 0.1996 | +0.080% | — | $5.6M | — | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1997 | +0.130% | $1.7M | $2.6M | 100x | as long as short |
| Hyperliquid FET | +0.0241% | 1h | 0.1998 | +0.180% | $8.8M | $7.8M | 5x | as long as short |
| Bitget FETUSDT | +0.0248% | 8h | 0.1999 | +0.230% | $16.3M | $11.4M | 75x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2010 | +0.782% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.1995 | +0.020% | $27K | $37K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BingX FET-USDT
BloFin FET-USDT
Hyperliquid FET
Bitget FETUSDT
Injective FET/USDC PERP
Phoenix FET