Funding you earn now, next payment 23:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h −0.046%
Price spread now: Variational Omni against Hyperliquid−0.403%7-day average −0.181% · 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)−0.115%−$11 on $10k
+Price spread, last 3 days (all we have)+0.106%+$11 · spread now −0.403%, 7d avg −0.181%
=Together, before fees−0.008%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.222% cheaper against Hyperliquid than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.181%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CC | 0.1165 | 0.0127 | pay 0.0016% / 1h | 24m 45s | $5.4M | $1.4M | 3x |
| Short | Variational Omni CC | 0.1160 | 0.0100 | get 0.0050% / 4h | 1h 24m | $578K | $43K | — |
Hyperliquid CC
Variational Omni CCFunding 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
- −$5.57
- Price spread: −0.403% → −0.181%
- −$22.23
- 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
- −$36.8
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Variational Omni: RFQ quote, 59 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, 7 min ago | 0.86 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 59 min ago | 8.61 bp | doesn't fit | 249.6 bp −$2,496 | doesn't fit | doesn't fit |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3951% | 1h | 0.1147 | −1.528% | $6K | $99 | 5.5x | as long as short |
| Gate CC_USDT | +0.0082% | 4h | 0.1161 | −0.361% | $360K | $212K | 50x | as long as short |
| Paradex CC-USD-PERP | +0.0092% | 8h | 0.1161 | −0.321% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1163 | −0.192% | $34K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1162 | −0.223% | $11.0M | $11.1M | 75x | as long as short |
| Bybit CCUSDT | +0.0100% | 4h | 0.1162 | −0.249% | $10.5M | $3.8M | 25x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1163 | −0.180% | $2.5M | $3.4M | 20x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1162 | −0.240% | $1.6M | $309K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1162 | −0.206% | $492K | $115K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1162 | −0.215% | $927K | $789K | 20x | as long as short |
Injective CC/USDC PERP
Gate CC_USDT
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
Bybit CCUSDT
OKX CC-USDT-SWAP
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1160 | −0.378% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1162 | −0.266% | $16K | $22K | 10x | as long as short |
| Variational Omni CCshort | +0.0100% | 4h | 0.1160 | −0.403% | $578K | $43K | — | |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1160 | −0.432% | $87K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1160 | −0.369% | $7K | $35K | 6.7x | as long as short |
| Hyperliquid CClong | +0.0127% | 1h | 0.1165 | long leg | $5.4M | $1.4M | 3x | |
| BloFin CC-USDT | +0.0340% | 4h | 0.1161 | −0.309% | $584K | $105K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0441% / S −0.0239% | 1h | 0.1162 | −0.225% | $43K | — | 50x | as long as short |
| Lighter CC | +0.1264% | 1h | 0.1167 | +0.163% | $234K | $152K | 5x | as long as short |
BingX CC-USDT
Backpack CC_USDC_PERP
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC