Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Hyperliquid against Variational Omni+0.367%7-day average +0.057% · 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)+0.028%+$3 on $10k
+Price spread, last 3 days (all we have)−0.390%−$39 · spread now +0.367%, 7d avg +0.057%
=Together, before fees−0.361%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$36 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: Hyperliquid is 0.311% dearer against Variational Omni than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni CAKE | 2.5382 | 0.0100 | pay 0.0050% / 4h | 1h 24m | $533K | $492K | — |
| Short | Hyperliquid CAKE | 2.5475 | 0.0100 | get 0.0013% / 1h | 24m 45s | $3.2M | $3.2M | 3x |
Variational Omni CAKE
Hyperliquid CAKEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $0
- Price spread: +0.367% → +0.057%
- $31.06
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $22.06
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 59 min ago; Hyperliquid: live order book, 7 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, 59 min ago | 6.63 bp | doesn't fit | 52.1 bp −$521 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.39 bp | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_CAKE_USDC | +0.0019% | 4h | 2.5424 | +0.166% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +0.229% | $113 | $52K | 5.5x | as long as short |
| BloFin CAKE-USDT | +0.0052% | 4h | 2.5413 | +0.123% | $998K | $354K | 75x | as long as short |
| Hyperliquid CAKEshort | +0.0100% | 1h | 2.5475 | +0.367% | $3.2M | $3.2M | 3x | |
| Aster CAKEUSDT | +0.0100% | 4h | 2.5452 | +0.278% | $2.4M | $87K | 10x | as long as short |
| Binance CAKEUSDT | +0.0100% | 4h | 2.5437 | +0.217% | $18.3M | $38.3M | 75x | as long as short |
| Bybit CAKEUSDT | +0.0100% | 4h | 2.5420 | +0.150% | $5.3M | $4.0M | 50x | as long as short |
| Gate CAKE_USDT | +0.0100% | 4h | 2.5419 | +0.146% | $887K | $765K | 75x | as long as short |
| MEXC CAKE_USDT | +0.0100% | 4h | 2.5435 | +0.209% | $14.1M | $2.8M | 125x | as long as short |
| KuCoin CAKEUSDTM | +0.0100% | 4h | 2.5425 | +0.170% | $2.5M | $5.7M | 50x | as long as short |
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
BloFin CAKE-USDT
Aster CAKEUSDT
Binance CAKEUSDT
Bybit CAKEUSDT
Gate CAKE_USDT
MEXC CAKE_USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAKEUSDT | +0.0100% | 4h | 2.5437 | +0.217% | $2.7M | $2.8M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.5424 | +0.166% | — | $3.6M | — | as long as short |
| Variational Omni CAKElong | +0.0100% | 4h | 2.5382 | long leg | $533K | $492K | — | |
| ApeX Omni CAKEUSDT | +0.0100% | 1h | 2.5393 | +0.044% | $13K | $697K | 50x | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0420% / S −0.0272% | 1h | 2.5429 | +0.187% | $38K | — | 100x | as long as short |
| Kraken Futures PF_CAKEUSD | +0.0777% | 1h | 2.5447 | +0.258% | $57K | $37K | 10x | as long as short |
Bitget CAKEUSDT
BingX CAKE-USDT
ApeX Omni CAKEUSDT
GMX CAKE/USD [WBTC.b-USDC]
Kraken Futures PF_CAKEUSD