Funding you earn now, next payment 02:00 UTC−0.1345%/8h= −147.3% APRpaid last 24h −0.171%
Price spread now: Variational Omni against Hyperliquid−1.634%7-day average −0.282% · 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)−0.361%−$36 on $10k
+Price spread, last 7 days+1.307%+$131 · spread now −1.634%, 7d avg −0.282%
=Together, before fees+0.946%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$95 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Variational Omni is 1.352% cheaper against Hyperliquid than usual: you would sell low and buy high (−$135 if the spread goes back to its 7-day average of −0.282%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.361% in total (about -38.9% 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 GRASS | 0.4218 | 0.1445 | pay 0.0181% / 1h | 52m 08s | $15.9M | $3.8M | 3x |
| Short | Variational Omni GRASS | 0.4149 | 0.0100 | get 0.0050% / 4h | 2h 52m | $2.0M | $1.2M | — |
Hyperliquid GRASS
Variational Omni GRASSFunding 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
- −$282.42
- Price spread: −1.634% → −0.282%
- −$135.24
- 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
- −$426.66
- 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 | 0.60 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 7.18 bp | doesn't fit | 52.6 bp −$526 | doesn't fit | doesn't fit |
GRASS on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya GRASSRUSDPERP | −0.0112% | 1h | 0.4209 | −0.230% | $632 | — | 15x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | +1.154% | $7 | $23K | 5.5x | as long as short |
| Binance GRASSUSDT | +0.0100% | 4h | 0.4214 | −0.092% | $9.9M | $27.1M | 75x | as long as short |
| Bybit GRASSUSDT | +0.0100% | 4h | 0.4209 | −0.211% | $23.8M | $15.5M | 25x | as long as short |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4211 | −0.173% | $3.2M | $14.1M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4207 | −0.268% | $1.2M | $1.5M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4214 | −0.102% | $1.3M | $2.2M | 100x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4209 | −0.228% | $4.9M | $3.0M | 75x | as long as short |
| BingX GRASS-USDT | +0.0100% | 4h | 0.4212 | −0.149% | — | $7.3M | — | as long as short |
| Variational Omni GRASSshort | +0.0100% | 4h | 0.4149 | −1.634% | $2.0M | $1.2M | — |
Reya GRASSRUSDPERP
Injective GRASS/USDC PERP
Binance GRASSUSDT
Bybit GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
MEXC GRASS_USDT
Bitget GRASSUSDT
BingX GRASS-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended GRASS-USD | +0.0104% | 1h | 0.4212 | −0.160% | $213K | $906K | 10x | as long as short |
| BloFin GRASS-USDT | +0.0159% | 4h | 0.4212 | −0.149% | $536K | $297K | 20x | as long as short |
| KuCoin GRASSUSDTM | +0.0222% | 4h | 0.4213 | −0.126% | $1.3M | $1.5M | 50x | as long as short |
| Aster GRASSUSDT | +0.0588% | 4h | 0.4204 | −0.329% | $68K | $209K | 10x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.0630% | 1h | 0.4213 | −0.116% | $150K | $127K | 20x | as long as short |
| Hyperliquid GRASSlong | +0.1445% | 1h | 0.4218 | long leg | $15.9M | $3.8M | 3x | |
| Lighter GRASS | +0.2056% | 1h | 0.4231 | +0.299% | $826K | $780K | 5x | as long as short |
Extended GRASS-USD
BloFin GRASS-USDT
KuCoin GRASSUSDTM
Aster GRASSUSDT
Kraken Futures PF_GRASSUSD
Lighter GRASS