Funding you earn now, next payment 02:00 UTC−0.2457%/8h= −269.0% APRpaid last 24h −0.373%
Price spread now: Variational Omni against Hyperliquid−0.674%7-day average −0.266% · 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)−0.491%−$49 on $10k
+Price spread, last 3 days (all we have)+0.455%+$45 · spread now −0.674%, 7d avg −0.266%
=Together, before fees−0.036%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$74 a day on $10k at the current rate, and Variational Omni is 0.408% cheaper against Hyperliquid than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.266%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.491% in total (about -53.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NIL | 0.06907 | 0.2826 | pay 0.0353% / 1h | 52m 26s | $4.3M | $4.5M | 3x |
| Short | Variational Omni NIL | 0.06860 | 0.0369 | get 0.0185% / 4h | 2h 52m | $178K | $267K | — |
Hyperliquid NIL
Variational Omni NILFunding 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
- −$515.98
- Price spread: −0.674% → −0.266%
- −$40.79
- 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
- −$565.77
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 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, 9 min ago | 1.89 bp | 29.0 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 17 min ago | 9.40 bp | doesn't fit | 154.0 bp −$1,540 | doesn't fit | doesn't fit |
NIL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.0100% | 4h | 0.06869 | −0.549% | $22K | $343K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06884 | −0.336% | $5.4M | $75.6M | 50x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06878 | −0.420% | $440K | $1.9M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06884 | −0.333% | $2.3M | $4.5M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06878 | −0.420% | $514K | $660K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06877 | −0.434% | $1.8M | $8.3M | 50x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06879 | −0.400% | $17K | $89K | 5x | as long as short |
| BloFin NIL-USDT | +0.0133% | 4h | 0.06847 | −0.869% | $351K | $122K | 50x | as long as short |
| Bybit NILUSDT | +0.0351% | 4h | 0.06889 | −0.261% | $3.8M | $13.6M | 20x | as long as short |
| Variational Omni NILshort | +0.0369% | 4h | 0.06860 | −0.674% | $178K | $267K | — |
Aster NILUSDT
Binance NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Extended NIL-USD
BloFin NIL-USDT
Bybit NILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX NIL-USDT | +0.0492% | 4h | 0.06882 | −0.362% | — | $8.5M | — | as long as short |
| Hyperliquid NILlong | +0.2826% | 1h | 0.06907 | long leg | $4.3M | $4.5M | 3x |
BingX NIL-USDT