Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.074%
Price spread now: Hyperliquid against Variational Omni+0.857%7-day average +0.060% · 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)+0.093%+$9 on $10k
+Price spread, last 3 days (all we have)−0.911%−$91 · spread now +0.857%, 7d avg +0.060%
=Together, before fees−0.818%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$82 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 0.797% dearer against Variational Omni than usual: you sell high and buy low, +$80 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 | Variational Omni FET | 0.2008 | 0.0100 | pay 0.0100% / 8h | 6h 51m | $352K | $401K | — |
| Short | Hyperliquid FET | 0.2025 | 0.0100 | get 0.0013% / 1h | 51m 48s | $9.0M | $8.3M | 5x |
Variational Omni FET
Hyperliquid FETFunding 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: +0.857% → +0.060%
- $79.73
- 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
- $70.73
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 17 min ago; Hyperliquid: live order book, 11 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, 17 min ago | 7.29 bp | doesn't fit | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 2.45 bp | 10.2 bp −$10 | doesn't fit | 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 | −0.6132% | 1h | 0.2024 | +0.787% | $29K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2026 | +0.887% | $148K | $214K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0740% | 1h | 0.2026 | +0.875% | $984K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2026 | +0.863% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.090% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0046% | 8h | 0.2024 | +0.787% | $2.8M | $12.1M | 50x | as long as short |
| Hyperliquid FETshort | +0.0100% | 1h | 0.2025 | +0.857% | $9.0M | $8.3M | 5x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2024 | +0.787% | $308K | $577K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2024 | +0.787% | $31.4M | $112.0M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2025 | +0.837% | $31.6M | $24.7M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2026 | +0.887% | $10.6M | $19.2M | 50x | as long as short |
| Variational Omni FETlong | +0.0100% | 8h | 0.2008 | long leg | $352K | $401K | — | |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2023 | +0.738% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2025 | +0.857% | $33K | $247K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0157% | 4h | 0.2026 | +0.887% | $1.0M | $8.1M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2023 | +0.740% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2021 | +0.638% | $1.7M | $2.8M | 100x | as long as short |
| BingX FET-USDT | +0.0270% | 8h | 0.2025 | +0.837% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0291% | 8h | 0.2027 | +0.937% | $16.3M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2019 | +0.523% | $35K | $43K | 5x | as long as short |
KuCoin FETUSDTM
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Phoenix FET