Funding you earn now, next payment 23:00 UTC−0.0229%/8h= −25.1% APRpaid last 24h −0.072%
Price spread now: Variational Omni against Hyperliquid−0.703%7-day average −0.046% · 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)−0.093%−$9 on $10k
+Price spread, last 3 days (all we have)+0.837%+$84 · spread now −0.703%, 7d avg −0.046%
=Together, before fees+0.744%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$74 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.657% cheaper against Hyperliquid than usual: you would sell low and buy high (−$66 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FET | 0.2044 | 0.0329 | pay 0.0041% / 1h | 3m 11s | $9.0M | $7.9M | 5x |
| Short | Variational Omni FET | 0.2029 | 0.0100 | get 0.0100% / 8h | 1h 03m | $285K | $327K | — |
Hyperliquid FET
Variational Omni FETFunding 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
- −$48.13
- Price spread: −0.703% → −0.046%
- −$65.7
- 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
- −$122.83
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Variational Omni: RFQ quote, 16 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 | 0.25 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 16 min ago | 7.45 bp | doesn't fit | 32.3 bp −$323 | doesn't fit | doesn't fit |
FET on 20 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 FET_USDC-PERPETUAL | −0.2684% | 1h | 0.2039 | −0.225% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2040 | −0.176% | $152K | $204K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2039 | −0.219% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0074% | 8h | 0.2039 | −0.225% | $2.8M | $12.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2039 | −0.225% | $347K | $540K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2041 | −0.129% | $31.9M | $107.8M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2040 | −0.176% | $35.0M | $25.2M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2041 | −0.127% | $10.6M | $19.1M | 50x | as long as short |
| Variational Omni FETshort | +0.0100% | 8h | 0.2029 | −0.703% | $285K | $327K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2039 | −0.225% | $38K | $5K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0104% | 1h | 0.2040 | −0.188% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2038 | −0.260% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2040 | −0.176% | $1.7M | $2.7M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0227% | 4h | 0.2045 | +0.069% | $979K | $7.8M | 20x | as long as short |
| BingX FET-USDT | +0.0313% | 8h | 0.2042 | −0.078% | — | $5.6M | — | as long as short |
| Hyperliquid FETlong | +0.0329% | 1h | 0.2044 | long leg | $9.0M | $7.9M | 5x | |
| Bitget FETUSDT | +0.0335% | 8h | 0.2043 | −0.029% | $16.5M | $11.5M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0355% | 1h | 0.2044 | −0.002% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −1.644% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2029 | −0.690% | $35K | $36K | 5x | as long as short |
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET