Funding you earn now, next payment 21:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h −0.029%
Price spread now: Variational Omni against Hyperliquid−0.073%7-day average −0.196% · 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)−0.165%−$16 on $10k
+Price spread, last 3 days (all we have)+0.554%+$55 · spread now −0.073%, 7d avg −0.196%
=Together, before fees+0.389%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.123% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.073% now, against its 7-day average of −0.196%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9778 | 0.0100 | pay 0.0013% / 1h | 29m 55s | $8.6M | $9.5M | 5x |
| Short | Variational Omni FIL | 0.9771 | −0.0113 | pay 0.0113% / 8h | 3h 29m | $429K | $266K | — |
Hyperliquid FIL
Variational Omni FILFunding 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
- −$44.71
- Price spread: −0.073% → −0.196%
- $12.31
- 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
- −$41.4
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 3 min ago; Variational Omni: RFQ quote, 19 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, 3 min ago | 0.41 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 19 min ago | 3.62 bp | doesn't fit | 37.8 bp −$378 | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0362% | 1h | 0.9798 | +0.199% | $169K | $22K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9793 | +0.148% | $316K | $2.0M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0196% | 1h | 0.9658 | −1.232% | $2K | $118K | 12x | as long as short |
| Bybit FILUSDT | −0.0160% | 8h | 0.9778 | −0.005% | $15.8M | $17.1M | 25x | as long as short |
| Variational Omni FILshort | −0.0113% | 8h | 0.9771 | −0.073% | $429K | $266K | — | |
| Lighter FIL | −0.0064% | 1h | 0.9782 | +0.037% | $156K | $359K | 5x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9789 | +0.102% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9796 | +0.184% | $57K | $2K | 10x | as long as short |
| Bitget FILUSDT | +0.0004% | 8h | 0.9768 | −0.107% | $10.7M | $22.7M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0043% | 8h | 0.9774 | −0.046% | $18.0M | $98.9M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Bybit FILUSDT
Lighter FIL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Bitget FILUSDT
OKX FIL-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FILUSDTM | +0.0070% | 8h | 0.9772 | −0.066% | $7.3M | $7.3M | 50x | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9778 | long leg | $8.6M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9783 | +0.048% | $484K | $545K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9777 | −0.015% | $55.9M | $179.3M | 75x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9779 | +0.005% | $7.8M | $16.9M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9773 | −0.056% | $249K | $105K | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9776 | −0.026% | — | $11.8M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9754 | −0.247% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9754 | −0.254% | $283K | $772K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9750 | −0.291% | $42K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9795 | +0.171% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9790 | +0.118% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9787 | +0.087% | $471 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9797 | +0.189% | $623K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9790 | +0.118% | $1.1M | $2.2M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9772 | −0.071% | $682K | $2.4M | 10x | as long as short |
| Kraken Futures PF_FILUSD | +0.0135% | 1h | 0.9794 | +0.158% | $1.4M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9773 | −0.056% | $2.6M | $594K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0604% / S −0.0671% | 1h | 0.9788 | +0.093% | $171K | — | 100x | as long as short |
KuCoin FILUSDTM
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
BingX FIL-USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
Kraken Futures PF_FILUSD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]