Settings8H · net · $10k
Funding arb · Price arb /

GMT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%
Price spread now: Hyperliquid against Variational Omni−0.054%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.054% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni GMT0.0083530.0100pay 0.0100% / 8h2h 18m$3K$5K
ShortHyperliquid GMT0.0083480.0100get 0.0013% / 1h18m 15s$123K$123K3x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.054% → 0.000%
−$5.44
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
−$14.44
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 65 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell Hyperliquid live order book, 65 min ago1.20 bp38.9 bp −$39doesn't fitdoesn't fitdoesn't fit
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GMT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSD−0.1127%1h0.008350−0.035%$47K$8K20xas long as short
KuCoin GMTUSDTM+0.0088%4h0.008340−0.150%$258K$99K50xas long as short
Hyperliquid GMTshort+0.0100%1h0.008348−0.054%$123K$123K3x
Aster GMTUSDT+0.0100%4h0.008356+0.045%$8K$14K10xas long as short
Binance GMTUSDT+0.0100%4h0.008349−0.046%$2.7M$3.0M50xas long as short
Bybit GMTUSDT+0.0100%8h0.008341−0.138%$1.1M$1.1M50xas long as short
OKX GMT-USDT-SWAP+0.0100%4h0.008343−0.114%$344K$555K20xas long as short
Gate GMT_USDT+0.0100%8h0.008350−0.030%$149K$103K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008350−0.030%$413K$185K20xas long as short
Bitget GMTUSDT+0.0100%4h0.008343−0.114%$671K$405K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDT+0.0100%4h0.008360+0.089%$1.2Mas long as short
Variational Omni GMTlong+0.0100%8h0.008353long leg$3K$5K