Funding you earn now, next payment 02:00 UTC+0.0036%/8h= +4.0% APRpaid last 24h +0.057%
Price spread now: Hyperliquid against Variational Omni+0.245%7-day average +0.131% · 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 4 days (all we have)−0.685%−$69 · spread now +0.245%, 7d avg +0.131%
=Together, before fees−0.550%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$55 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.114% dearer against Variational Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.131%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni HBAR | 0.09232 | 0.0064 | pay 0.0064% / 8h | 6h 11m | $1.0M | $187K | — |
| Short | Hyperliquid HBAR | 0.09255 | 0.0100 | get 0.0013% / 1h | 11m 05s | $8.9M | $2.7M | 5x |
Variational Omni HBAR
Hyperliquid HBARFunding 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
- $7.63
- Price spread: +0.245% → +0.131%
- $11.44
- 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
- $10.07
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 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, 3 min ago | 3.79 bp | doesn't fit | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.76 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
HBAR on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0062% | 8h | 0.09237 | +0.055% | $7.2M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09235 | +0.037% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09236 | +0.040% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.543% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0055% | 8h | 0.09237 | +0.055% | $2.4M | $3.0M | 75x | as long as short |
| Variational Omni HBARlong | +0.0064% | 8h | 0.09232 | long leg | $1.0M | $187K | — | |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09234 | +0.023% | $219K | $2.1M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09245 | +0.140% | $1.4M | $2.5M | 50x | as long as short |
| ApeX Omni HBARUSDT | +0.0075% | 1h | 0.09229 | −0.031% | $147K | $713K | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0075% | 1h | 0.09244 | +0.131% | $509K | $151K | 50x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
ApeX Omni HBARUSDT
Deribit HBAR_USDC-PERPETUALShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0077% | 8h | 0.09240 | +0.088% | $26.1M | $22.0M | 200x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09235 | +0.034% | $2K | $17K | 10x | as long as short |
| Binance HBARUSDT | +0.0079% | 8h | 0.09237 | +0.053% | $34.2M | $104.6M | 75x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09236 | +0.041% | $47K | $278K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09240 | +0.088% | $562K | $596K | 5x | as long as short |
| Hyperliquid HBARshort | +0.0100% | 1h | 0.09255 | +0.245% | $8.9M | $2.7M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09239 | +0.074% | $211K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09234 | +0.023% | $32.8M | $34.4M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09234 | +0.023% | $6.7M | $24.5M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09239 | +0.077% | $17.1M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09238 | +0.066% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09242 | +0.110% | $32K | $120K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09226 | −0.060% | $377K | $2.3M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09241 | +0.099% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09252 | +0.218% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09240 | +0.088% | $2.1M | $2.2M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0487% / S −0.0549% | 1h | 0.09237 | +0.051% | $114K | — | 100x | as long as short |
MEXC HBAR_USDT
Orderly PERP_HBAR_USDC
Binance HBARUSDT
Extended HBAR-USD
Lighter HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
GMX HBAR/USD [WBTC.b-USDC]