Funding you earn now, next payment 04:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.198%
Price spread now: Hyperliquid against Variational Omni+0.395%7-day average +0.189% · 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)+0.391%+$39 on $10k
+Price spread, last 4 days (all we have)−0.587%−$59 · spread now +0.395%, 7d avg +0.189%
=Together, before fees−0.195%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.206% dearer against Variational Omni than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.189%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MEGA | 0.04541 | 0.0100 | pay 0.0050% / 4h | 58m 50s | $321K | $226K | — |
| Short | Hyperliquid MEGA | 0.04559 | 0.0207 | get 0.0026% / 1h | 58m 50s | $7.9M | $2.6M | 3x |
Variational Omni MEGA
Hyperliquid MEGAFunding 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
- $22.49
- Price spread: +0.395% → +0.189%
- $20.6
- 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
- $34.09
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 65 min ago; Hyperliquid: live order book, 3 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, 65 min ago | 6.55 bp | doesn't fit | 146.3 bp −$1,463 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 2.75 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
MEGA 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0744% | 1h | 0.04490 | −1.116% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04546 | +0.106% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0039% | 1h | 0.04544 | +0.065% | $197K | $142K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0051% | 4h | 0.04548 | +0.153% | $203K | $94K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04550 | +0.205% | $18K | $89K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04553 | +0.263% | $4.0M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04551 | +0.219% | $3.6M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04551 | +0.219% | $933K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04560 | +0.417% | $135K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04550 | +0.197% | $198K | $319K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04553 | +0.263% | $827K | $365K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04552 | +0.241% | $229K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04553 | +0.263% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04551 | +0.219% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04555 | +0.307% | $18K | $47K | 5x | as long as short |
| Variational Omni MEGAlong | +0.0100% | 4h | 0.04541 | long leg | $321K | $226K | — | |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04548 | +0.145% | $24K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04545 | +0.087% | $24K | $232K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04551 | +0.219% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04545 | +0.087% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04551 | +0.229% | $127K | $823K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04540 | −0.019% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04545 | +0.087% | $21K | $6K | 5x | as long as short |
| Hyperliquid MEGAshort | +0.0207% | 1h | 0.04559 | +0.395% | $7.9M | $2.6M | 3x | |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04546 | +0.111% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04546 | +0.117% | $14K | $9K | 3x | as long as short |
| Lighter MEGA | +0.0480% | 1h | 0.04575 | +0.747% | $647K | $335K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2145% | 1h | 0.04563 | +0.483% | $110 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL