Funding you earn now, next payment 02:00 UTC−0.0752%/8h= −82.3% APRpaid last 24h −0.163%
Price spread now: Deribit against Variational Omni−0.457%7-day average +0.099% · 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)−0.206%−$21 on $10k
+Price spread, last 3 days (all we have)+0.506%+$51 · spread now −0.457%, 7d avg +0.099%
=Together, before fees+0.300%+ Points / potential airdropVariational Omni: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Deribit is 0.556% cheaper against Variational Omni than usual: you would sell low and buy high (−$56 if the spread goes back to its 7-day average of +0.099%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.206% in total (about -22.1% 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 FIL | 1.0019 | 0.0100 | pay 0.0100% / 8h | 6h 03m | $451K | $266K | — |
| Short | Deribit FIL_USDC-PERPETUAL | 0.9973 | −0.0652 | pay 0.0082% / 1h | 3m 15s | $172K | $23K | 25x |
Variational Omni FIL
Deribit FIL_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
- −$157.92
- Price spread: −0.457% → +0.099%
- −$55.6
- 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
- −$220.52
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Deribit: live order book, 65 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 | 3.24 bp | doesn't fit | 33.1 bp −$331 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 65 min ago | 4.00 bp | 7.5 bp −$8 | 15.8 bp −$158 | doesn't fit | doesn't fit |
FIL on 28 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 FIL_USDC-PERPETUALshort | −0.0652% | 1h | 0.9973 | −0.457% | $172K | $23K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0296% | 1h | 0.9970 | −0.487% | $379K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0192% | 1h | 0.9966 | −0.530% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0059% | 8h | 0.9957 | −0.616% | $18.8M | $98.4M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0039% | 8h | 0.9961 | −0.576% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9988 | −0.311% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0048 | +0.292% | $59K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.634% | $2K | $240K | 12x | as long as short |
| Binance FILUSDT | +0.0046% | 8h | 0.9957 | −0.616% | $57.6M | $178.2M | 75x | as long as short |
| Extended FIL-USD | +0.0048% | 1h | 0.9969 | −0.498% | $702K | $3.3M | 10x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Binance FILUSDT
Extended FIL-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0085% | 8h | 0.9962 | −0.566% | $244K | $106K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9962 | −0.570% | $159K | $354K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0020 | +0.013% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0027 | +0.079% | $513K | $582K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9960 | −0.586% | $15.6M | $19.1M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9993 | −0.257% | $8.5M | $16.6M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9958 | −0.606% | $11.0M | $20.4M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9958 | −0.606% | — | $11.9M | — | as long as short |
| Variational Omni FILlong | +0.0100% | 8h | 1.0019 | long leg | $451K | $266K | — | |
| edgeX FILUSDC | +0.0100% | 4h | 1.0038 | +0.193% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0008 | −0.103% | $293K | $875K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0040 | +0.212% | $30K | $184K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9990 | −0.290% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0040 | +0.212% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9961 | −0.576% | $482 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9971 | −0.477% | $641K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9950 | −0.686% | $1.1M | $2.4M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0576% / S −0.0237% | 1h | 0.9989 | −0.295% | $268K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
GMX FIL/USD [WBTC.b-USDC]