Funding you earn now, next payment 04:00 UTC−0.0124%/8h= −13.5% APRnext payment −$1.24 per $10,000 · paid last 24h +0.030%
Price spread now: Variational Omni against Kalshi−0.021%7-day average −0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.100%+$10 on $10k
+Price spread, last 7 days−0.094%−$9 · spread now −0.021%, 7d avg −0.033%
=Together, before fees+0.006%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.100%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXHYPEPERP | 92.878 | 0.0224 | pay 0.0224% / 8h | 3h 57m | $1.8M | $5.4M | 2.3x |
| Short | Variational Omni HYPE | 92.859 | 0.0100 | get 0.0100% / 8h | 3h 57m | $28.5M | $57.4M | — |
Kalshi KXHYPEPERP
Variational Omni HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Kalshi. 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
- −$25.96
- Price spread: −0.021% → −0.033%
- $1.21
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$34.74
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 Kalshi live order book, 1 min ago | 3.50 bp | 10.5 bp −$11 | 12.5 bp −$125 | 17.3 bp −$1,735 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 0.44 bp | doesn't fit | 6.3 bp −$63 | 21.9 bp −$2,188 | doesn't fit |
HYPE on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.0472% | 1h | 92.744 | −0.144% | $193K | $228K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0288% | 1h | 92.824 | −0.058% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.736 | −0.153% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.836 | −0.045% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0077% | 1h | 92.815 | −0.068% | $111K | $579K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0063% | 4h | 92.801 | −0.083% | $157K | $653K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.772 | −0.114% | $127K | $29K | 5x | as long as short |
| Popdex HYPEUSDT | 0.0000% | 1h | 92.826 | −0.056% | $70K | $1.1M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.832 | −0.049% | $22K | $302K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.837 | −0.044% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Popdex HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | +0.0036% | 8h | 92.839 | −0.042% | $12.5M | $2.7M | 50x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.952 | +0.080% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0044% | 8h | 92.740 | −0.149% | $316.0M | $281.7M | 75x | as long as short |
| Gate HYPE_USDT | +0.0046% | 4h | 92.799 | −0.085% | $44.4M | $53.4M | 75x | as long as short |
| 01 Exchange HYPEUSD | +0.0048% | 1h | 92.856 | −0.024% | $87K | $362K | 20x | as long as short |
| Aster HYPEUSDT | +0.0070% | 4h | 92.808 | −0.076% | $8.7M | $36.2M | 300x | as long as short |
| BingX HYPE-USDT | +0.0074% | 4h | 92.753 | −0.135% | — | $53.8M | — | as long as short |
| Bitget HYPEUSDT | +0.0084% | 4h | 92.745 | −0.143% | $224.5M | $98.7M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0093% | 4h | 92.871 | −0.007% | $4.9M | $29.6M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 92.790 | −0.095% | $339K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.777 | −0.109% | $16.0M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.772 | −0.114% | $3.1M | $11.6M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0099% | 8h | 92.768 | −0.118% | $113.8M | $303.3M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.820 | −0.062% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.835 | −0.046% | $7.4M | $45.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.839 | −0.042% | $2.02B | $664.0M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.798 | −0.086% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.775 | −0.111% | $372.8M | $902.2M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0100% | 1h | 92.720 | −0.170% | $698K | $1.1M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.800 | −0.084% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.767 | −0.120% | $88.0M | $79.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.792 | −0.093% | $46.1M | $18.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.827 | −0.055% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPEshort | +0.0100% | 8h | 92.859 | −0.021% | $28.5M | $57.4M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.903 | +0.027% | $7.5M | $46.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.856 | −0.024% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.886 | +0.009% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.883 | +0.005% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.856 | −0.024% | $468K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.806 | −0.078% | $79K | $168K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.799 | −0.085% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.803 | −0.081% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.819 | −0.064% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.956 | +0.084% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.793 | −0.092% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.829 | −0.053% | $392K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.950 | +0.078% | $4.7M | $5.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.892 | +0.015% | $20.6M | $30.4M | 50x | as long as short |
| Kalshi KXHYPEPERPlong | +0.0224% | 8h | 92.878 | long leg | $1.8M | $5.4M | 2.3x | |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 92.870 | −0.009% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0263% | 1h | 92.815 | −0.068% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0154% | 1h | 92.826 | −0.056% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.887 | +0.010% | $16.8M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0385% | 1h | 92.909 | +0.033% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.891 | +0.015% | $3.2M | $6.4M | 20x | as long as short |
Phemex HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
01 Exchange HYPEUSD
Aster HYPEUSDT
BingX HYPE-USDT
Bitget HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
OKX HYPE-USDT-SWAP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Ondo Perps HYPE-USD.P
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC