Funding you earn now, next payment 21:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h −0.054%
Price spread now: Variational Omni against Hyperliquid+0.126%7-day average −0.130% · 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)−0.136%−$14 on $10k
+Price spread, last 3 days (all we have)−0.126%−$13 · spread now +0.126%, 7d avg −0.130%
=Together, before fees−0.262%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.256% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of −0.130%): +$26 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days. At the pace of the last 3 days (−0.136% in total) that is about 6.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HBAR | 0.09207 | 0.0100 | pay 0.0013% / 1h | 29m 21s | $8.8M | $3.0M | 5x |
| Short | Variational Omni HBAR | 0.09218 | 0.0055 | get 0.0055% / 8h | 3h 29m | $1.0M | $208K | — |
Hyperliquid HBAR
Variational Omni HBARFunding 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
- −$9.39
- Price spread: +0.126% → −0.130%
- $25.59
- 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
- $7.2
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 4 min ago; Variational Omni: RFQ quote, just now. 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, 4 min ago | 0.60 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 3.80 bp | doesn't fit | 17.9 bp −$179 | doesn't fit | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0724% | 1h | 0.09229 | +0.241% | $2K | $59K | 12x | as long as short |
| Gate HBAR_USDT | −0.0044% | 8h | 0.09194 | −0.139% | $2.4M | $3.7M | 75x | as long as short |
| Backpack HBAR_USDC_PERP | −0.0030% | 1h | 0.09223 | +0.176% | $30K | $124K | 15x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09194 | −0.134% | $8K | — | 150x | as long as short |
| KuCoin HBARUSDTM | +0.0008% | 8h | 0.09207 | +0.002% | $7.4M | $8.2M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0035% | 8h | 0.09197 | −0.106% | $22.9M | $23.3M | 200x | as long as short |
| Binance HBARUSDT | +0.0037% | 8h | 0.09191 | −0.172% | $34.6M | $111.4M | 75x | as long as short |
| Extended HBAR-USD | +0.0040% | 1h | 0.09189 | −0.197% | $51K | $210K | 10x | as long as short |
| Variational Omni HBARshort | +0.0055% | 8h | 0.09218 | +0.126% | $1.0M | $208K | — | |
| Orderly PERP_HBAR_USDC | +0.0074% | 8h | 0.09191 | −0.172% | $3K | $17K | 10x | as long as short |
Injective HBAR/USDC PERP
Gate HBAR_USDT
Backpack HBAR_USDC_PERP
gTrade (Gains Network) HBAR/USD
KuCoin HBARUSDTM
MEXC HBAR_USDT
Binance HBARUSDT
Extended HBAR-USD
Orderly PERP_HBAR_USDCShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit HBAR_USDC-PERPETUAL | +0.0075% | 1h | 0.09229 | +0.241% | $508K | $152K | 50x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0086% | 8h | 0.09205 | −0.015% | $382K | $2.0M | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09223 | +0.176% | $219K | $2.2M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09210 | +0.035% | $566K | $592K | 5x | as long as short |
| Hyperliquid HBARlong | +0.0100% | 1h | 0.09207 | long leg | $8.8M | $3.0M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09211 | +0.046% | $216K | $452K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09189 | −0.193% | $32.9M | $37.2M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09190 | −0.182% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09195 | −0.128% | $17.0M | $14.7M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09190 | −0.182% | — | $5.9M | — | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09205 | −0.020% | $147K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09221 | +0.154% | $428 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09238 | +0.339% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09224 | +0.187% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0139% | 8h | 0.09216 | +0.100% | $1.4M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0444% / S −0.0478% | 1h | 0.09195 | −0.131% | $103K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0491% | 1h | 0.09230 | +0.253% | $1.4M | $2.4M | 50x | as long as short |
| dYdX HBAR-USD | +0.4038% | 1h | 0.09222 | +0.162% | $30K | $4K | 5x | as long as short |
Deribit HBAR_USDC-PERPETUAL
GRVT HBAR_USDT_Perp
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
dYdX HBAR-USD