Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Hyperliquid−0.434%7-day average −0.060% · 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)−0.026%−$3 on $10k
+Price spread, last 3 days (all we have)+0.484%+$48 · spread now −0.434%, 7d avg −0.060%
=Together, before fees+0.458%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$46 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.374% cheaper against Hyperliquid than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of −0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CAKE | 2.5326 | 0.0100 | pay 0.0013% / 1h | 52m 30s | $3.2M | $2.6M | 3x |
| Short | Variational Omni CAKE | 2.5216 | 0.0100 | get 0.0050% / 4h | 2h 52m | $537K | $459K | — |
Hyperliquid CAKE
Variational Omni CAKEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Hyperliquid. 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
- $0
- Price spread: −0.434% → −0.060%
- −$37.37
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$46.37
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Variational Omni: RFQ quote, 17 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 Hyperliquid live order book, 9 min ago | 1.18 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 17 min ago | 4.68 bp | doesn't fit | 62.8 bp −$628 | doesn't fit | doesn't fit |
CAKE on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CAKEUSDT | −0.0095% | 1h | 2.5301 | −0.099% | $11K | $699K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | +0.0023% | 4h | 2.5271 | −0.217% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +0.450% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0069% | 4h | 2.5265 | −0.241% | $996K | $360K | 75x | as long as short |
| Hyperliquid CAKElong | +0.0100% | 1h | 2.5326 | long leg | $3.2M | $2.6M | 3x | |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5308 | −0.071% | $2.4M | $75K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5304 | −0.088% | $18.1M | $34.6M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5290 | −0.142% | $5.3M | $3.8M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5280 | −0.182% | $886K | $662K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5305 | −0.083% | $13.8M | $2.8M | 125x | as long as short |
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5295 | −0.122% | $2.4M | $5.5M | 50x | as long as short |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5308 | −0.071% | $2.6M | $2.5M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5294 | −0.126% | — | $3.5M | — | as long as short |
| Variational Omni CAKEshort | +0.0100% | 4h | 2.5216 | −0.434% | $537K | $459K | — | |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0421% / S −0.0272% | 1h | 2.5288 | −0.151% | $37K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0826% | 1h | 2.5367 | +0.163% | $55K | $37K | 10x | as long as short |
KuCoin CAKEUSDTM
Bitget CAKEUSDT
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD