Funding you earn now, next payment 23:00 UTC+0.1104%/8h= +120.8% APRpaid last 24h +0.315%
Price spread now: Hyperliquid against Variational Omni−0.008%7-day average +0.264% · 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)+0.459%+$46 on $10k
+Price spread, last 3 days (all we have)+0.193%+$19 · spread now −0.008%, 7d avg +0.264%
=Together, before fees+0.652%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$65 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.272% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.264%). If the spread goes back, that is −$27 on $10k: about 20 hours of funding at the current rate (+$33 a day). At the pace of the last 3 days (+0.459% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni NIL | 0.06728 | 0.0100 | pay 0.0050% / 4h | 1h 24m | $50K | $141K | — |
| Short | Hyperliquid NIL | 0.06728 | 0.1204 | get 0.0150% / 1h | 24m 44s | $4.0M | $4.6M | 3x |
Variational Omni NIL
Hyperliquid NILFunding 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
- $231.75
- Price spread: −0.008% → +0.264%
- −$27.24
- 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
- $195.52
- Costs to cover
- 0.090%
- Break-even
- 1.1 days
Slippage unknown: Variational Omni: RFQ quote, 59 min ago; Hyperliquid: live order book, 7 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, 59 min ago | 8.09 bp | doesn't fit | 172.9 bp −$1,729 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 2.07 bp | 18.9 bp −$19 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0087% | 4h | 0.06706 | −0.329% | $351K | $148K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06713 | −0.222% | $20K | $368K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06711 | −0.255% | $5.2M | $81.7M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06719 | −0.136% | $3.5M | $14.2M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06716 | −0.181% | $427K | $2.1M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06709 | −0.285% | $2.4M | $5.3M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06723 | −0.077% | $485K | $716K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06711 | −0.255% | $1.7M | $9.1M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06712 | −0.240% | — | $8.6M | — | as long as short |
| Variational Omni NILlong | +0.0100% | 4h | 0.06728 | long leg | $50K | $141K | — |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended NIL-USD | +0.0104% | 1h | 0.06714 | −0.211% | $16K | $94K | 5x | as long as short |
| Hyperliquid NILshort | +0.1204% | 1h | 0.06728 | −0.008% | $4.0M | $4.6M | 3x |
Extended NIL-USD