Funding you earn now, next payment 02:00 UTC−0.0259%/8h= −28.4% APRpaid last 24h −0.100%
Price spread now: Variational Omni against Hyperliquid−0.824%7-day average −0.231% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.177%−$18 on $10k
+Price spread, last 3 days (all we have)+0.716%+$72 · spread now −0.824%, 7d avg −0.231%
=Together, before fees+0.539%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$54 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.593% cheaper against Hyperliquid than usual: you would sell low and buy high (−$59 if the spread goes back to its 7-day average of −0.231%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MON | 0.02559 | 0.0359 | pay 0.0045% / 1h | 52m 06s | $34.9M | $7.5M | 5x |
| Short | Variational Omni MON | 0.02538 | 0.0100 | get 0.0100% / 8h | 6h 52m | $764K | $411K | — |
Hyperliquid MON
Variational Omni MONFunding 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
- −$54.49
- Price spread: −0.824% → −0.231%
- −$59.3
- 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
- −$122.79
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Variational Omni: RFQ quote, 17 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 Hyperliquid live order book, 11 min ago | 0.19 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 17 min ago | 7.70 bp | doesn't fit | 134.8 bp −$1,348 | doesn't fit | doesn't fit |
MON on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni MONUSDT | −0.0850% | 1h | 0.02545 | −0.555% | $68K | $489K | 50x | as long as short |
| Injective MON/USDC PERP | −0.0388% | 1h | 0.02541 | −0.711% | $6K | $106 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0048% | 1h | 0.02558 | −0.039% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02538 | −0.828% | $13K | $349K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02554 | −0.188% | $69K | $119K | 25x | as long as short |
| Bybit MONUSDT | +0.0056% | 8h | 0.02552 | −0.281% | $21.2M | $12.3M | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0060% | 4h | 0.02552 | −0.281% | $16K | $58K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0095% | 8h | 0.02556 | −0.115% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02557 | −0.086% | $852K | $740K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02562 | +0.109% | $407K | $538K | 10x | as long as short |
ApeX Omni MONUSDT
Injective MON/USDC PERP
01 Exchange MONUSD
Phoenix MON
Deribit MON_USDC-PERPETUAL
Bybit MONUSDT
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MONUSDT | +0.0100% | 4h | 0.02553 | −0.244% | $105K | $227K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02556 | −0.113% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02555 | −0.148% | $142K | $103K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02555 | −0.177% | $24.4M | $25.7M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02554 | −0.203% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02545 | −0.538% | $106K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02552 | −0.281% | $959K | $885K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02555 | −0.164% | $2.9M | $740K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02556 | −0.125% | $2.7M | $2.0M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02557 | −0.078% | $119K | $161K | 10x | as long as short |
| Variational Omni MONshort | +0.0100% | 8h | 0.02538 | −0.824% | $764K | $411K | — | |
| edgeX MONUSDC | +0.0100% | 4h | 0.02548 | −0.447% | $44K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02544 | −0.587% | $571K | $1.5M | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02554 | −0.203% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02558 | −0.057% | $49K | $520K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02552 | −0.281% | $39K | — | 3x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0429% | 1h | 0.02554 | −0.188% | $9K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02552 | −0.281% | $1.4M | $310K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0347% | 1h | 0.02555 | −0.160% | $4K | $74K | 10x | as long as short |
| Hyperliquid MONlong | +0.0359% | 1h | 0.02559 | long leg | $34.9M | $7.5M | 5x | |
| Perpl MON | +0.0447% | 43m | 0.02560 | +0.035% | $115K | $2.1M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02552 | −0.274% | $111K | $52K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0836% | 1h | 0.02559 | +0.002% | $279K | $88K | 10x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
edgeX MONUSDC
GRVT MON_USDT_Perp
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Perpl MON
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD