Funding you earn now, next payment 05:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.168%
Price spread now: Variational Omni against Hyperliquid−0.213%7-day average −0.220% · 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)−0.324%−$32 on $10k
+Price spread, last 4 days (all we have)+0.304%+$30 · spread now −0.213%, 7d avg −0.220%
=Together, before fees−0.020%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.220%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 2.9322 | 0.0100 | pay 0.0013% / 1h | 8m 42s | $4.5M | $4.8M | 5x |
| Short | Variational Omni ICP | 2.9260 | 0.0075 | get 0.0075% / 8h | 3h 08m | $1.0M | $134K | — |
Hyperliquid ICP
Variational Omni ICPFunding 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
- −$5.2
- Price spread: −0.213% → −0.220%
- $0.73
- 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
- −$13.47
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 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, 3 min ago | 1.19 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 4.43 bp | doesn't fit | 30.1 bp −$301 | doesn't fit | doesn't fit |
ICP 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0058% | 1h | 2.9249 | −0.250% | $490K | $630K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9275 | −0.161% | $68K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9249 | −0.249% | $190 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9244 | −0.267% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +1.170% | $202 | $200K | 12x | as long as short |
| Phemex ICPUSDT | +0.0041% | 8h | 2.9290 | −0.109% | $1.7M | $784K | 50x | as long as short |
| Variational Omni ICPshort | +0.0075% | 8h | 2.9260 | −0.213% | $1.0M | $134K | — | |
| Lighter ICP | +0.0096% | 1h | 2.9298 | −0.082% | $142K | $491K | 5x | as long as short |
| Hyperliquid ICPlong | +0.0100% | 1h | 2.9322 | long leg | $4.5M | $4.8M | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9292 | −0.103% | $263K | $1.5M | 20x | as long as short |
Kraken Futures PF_ICPUSD
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Phemex ICPUSDT
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9296 | −0.089% | $133K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9289 | −0.113% | $28.7M | $48.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9270 | −0.177% | $16.8M | $17.6M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9290 | −0.109% | $5.6M | $14.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9260 | −0.211% | $1.8M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9290 | −0.109% | $18.3M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9290 | −0.109% | $4.8M | $12.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9290 | −0.109% | $6.9M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9280 | −0.143% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9425 | +0.350% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9418 | +0.328% | $565K | $492K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9240 | −0.280% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9210 | −0.382% | $102K | $116K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9281 | −0.141% | $22K | $133K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9260 | −0.211% | $1.2M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9530 | +0.709% | $57K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0431% / S −0.0367% | 1h | 2.9237 | −0.290% | $30K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]