Funding you earn now, next payment 21:00 UTC−0.1108%/8h= −121.3% APRpaid last 24h −0.079%
Price spread now: Variational Omni against Hyperliquid−0.220%7-day average −0.165% · 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)−0.226%−$23 on $10k
+Price spread, last 7 days+0.107%+$11 · spread now −0.220%, 7d avg −0.165%
=Together, before fees−0.119%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Variational Omni is 0.055% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.165%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.226% in total (about -25.7% 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 | Hyperliquid CRV | 0.3646 | 0.1208 | pay 0.0151% / 1h | 1m 36s | $22.6M | $16.9M | 10x |
| Short | Variational Omni CRV | 0.3638 | 0.0100 | get 0.0100% / 8h | 3h 01m | $1.1M | $148K | — |
Hyperliquid CRV
Variational Omni CRVFunding 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
- −$232.64
- Price spread: −0.220% → −0.165%
- −$5.51
- 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
- −$247.15
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Variational Omni: RFQ quote, 2 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, 11 min ago | 1.37 bp | 5.9 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 5.51 bp | doesn't fit | 24.8 bp −$248 | doesn't fit | doesn't fit |
CRV on 30 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 CRV_USDC-PERPETUAL | −0.0300% | 1h | 0.3634 | −0.318% | $57K | $48K | 25x | as long as short |
| Phoenix CRV | −0.0154% | 1h | 0.3634 | −0.307% | $26K | $181K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3639 | −0.178% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3642 | −0.098% | $38K | $4K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3644 | −0.038% | $416K | $698K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3634 | −0.318% | $24K | $701 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3645 | −0.021% | $131K | $188K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3644 | −0.044% | $370K | $152K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3641 | −0.127% | $25.5M | $58.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3643 | −0.071% | $27.7M | $17.2M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3639 | −0.181% | $8.6M | $22.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3645 | −0.016% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3642 | −0.099% | $14.5M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3647 | +0.038% | $7.0M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3643 | −0.071% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3644 | −0.044% | — | $1.7M | — | as long as short |
| Variational Omni CRVshort | +0.0100% | 8h | 0.3638 | −0.220% | $1.1M | $148K | — | |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3635 | −0.289% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3640 | −0.158% | $513K | $474K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3635 | −0.291% | $60K | $695K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3657 | +0.313% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3643 | −0.081% | $241K | $885K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3635 | −0.277% | $19K | $9K | 3x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0156% / S +0.0234% | 1h | 0.3634 | −0.316% | $260K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0216% | 1h | 0.3638 | −0.208% | $382K | $4.8M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3636 | −0.263% | $1.4M | $4.7M | 75x | as long as short |
| Injective CRV/USDC PERP | +0.0410% | 1h | 0.3630 | −0.428% | $78 | $265K | 12x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0432% | 1h | 0.3642 | −0.103% | $3.1M | $3.6M | 50x | as long as short |
| Backpack CRV_USDC_PERP | +0.0911% | 1h | 0.3645 | −0.027% | $105K | $361K | 10x | as long as short |
| Hyperliquid CRVlong | +0.1208% | 1h | 0.3646 | long leg | $22.6M | $16.9M | 10x |
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
BloFin CRV-USDT
Injective CRV/USDC PERP
Kraken Futures PF_CRVUSD
Backpack CRV_USDC_PERP