Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.05265 | −0.0089 | get 0.0011% / 1h | 18m 20s | $1.6M | $468K | 3x | Long Hyperliquid4% off | |
| SHORT | 0.05256 | +0.0100 | get 0.0050% / 4h | 18m 20s | $125K | $401 | 50x | Short Variational Omni+15% pts |
Price gap−0.172%
Funding gap+0.0189% /8h
Funding pays +$6 a day on $10k, but the gap is 0.199% under its 7d average: −$20 if it goes back, about 3.5 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$43+0.0189% /8h now · paid +0.435% over the last 7D
Price−$20spread −0.172% now, avg +0.027% → −0.199% if it goes back
Costs−$4964.961% of $10k · taker + slippage, in and out
Result−$473−4.73%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: points · farm board
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.172%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMINA on 12 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size27.6 / 205.2 bpAt $10k entering Variational Omni costs 205.2 bp, fee and slippage, 7.4× Hyperliquid’s.
- Note: Margin at max leverage$3,333 + $200Hyperliquid 3x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$5.67Long Hyperliquid: 24 payments, +$2.67; short Variational Omni: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.172% vs +0.027%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$125K vs $1.6M OIVariational Omni sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2 · Variational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legHyperliquid No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0207%/8h × 21 periods+$43.48
Price spread−0.172% → +0.027% (7d avg)−$19.93
Slippage, 4 orderslive order books−$487.13
Fee Hyperliquid bp × 2 orders−$9.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$472.58
Costs to cover4.961%Break-even83.1 days
Slippage: Hyperliquid: live order book, 3 min ago; Variational Omni: RFQ quote, 26 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid3.4227.6 bp−$28doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni6.71205.2 bp−$205397.9 bp−$3,979doesn’t fitdoesn’t fit
Closing costs about the same again.

