Funding you earn now, next payment 04:00 UTC−0.0507%/8h= −55.5% APRpaid last 24h −0.139%
Price spread now: Variational Omni against Hyperliquid−0.234%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Variational Omni is 0.234% cheaper against Hyperliquid than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NOT | 0.0005070 | 0.0100 | pay 0.0013% / 1h | 5m 23s | $360K | $56K | 3x |
| Short | Variational Omni NOT | 0.0005058 | −0.0407 | pay 0.0203% / 4h | 5m 23s | $72K | $39K | — |
Hyperliquid NOT
Variational Omni NOTFunding 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
- −$106.4
- Price spread: −0.234% → 0.000%
- −$23.44
- 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
- −$138.84
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 14 min ago; Variational Omni: no order-book sample. 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, 14 min ago | 19.68 bp | 29.9 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NOT on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NOTshort | −0.0407% | 4h | 0.0005058 | −0.234% | $72K | $39K | — | |
| KuCoin NOTUSDTM | −0.0270% | 4h | 0.0005053 | −0.335% | $469K | $129K | 50x | as long as short |
| Injective NOT/USDC PERP | +0.0033% | 1h | 0.0004874 | −3.866% | $1K | $13K | 5.5x | as long as short |
| Lighter 1000NOT | +0.0096% | 1h | 0.0005075 | +0.095% | $11K | $4K | 3x | as long as short |
| Hyperliquid NOTlong | +0.0100% | 1h | 0.0005070 | long leg | $360K | $56K | 3x | |
| Aster NOTUSDT | +0.0100% | 4h | 0.0005065 | −0.097% | $14K | $9K | 5x | as long as short |
| Binance NOTUSDT | +0.0100% | 4h | 0.0005065 | −0.101% | $2.1M | $3.1M | 50x | as long as short |
| Bybit NOTUSDT | +0.0100% | 4h | 0.0005058 | −0.237% | $2.1M | $855K | 25x | as long as short |
| OKX NOT-USDT-SWAP | +0.0100% | 4h | 0.0005063 | −0.138% | $641K | $667K | 20x | as long as short |
| Gate NOT_USDT | +0.0100% | 4h | 0.0005070 | 0.000% | $141K | $70K | 50x | as long as short |
KuCoin NOTUSDTM
Injective NOT/USDC PERP
Lighter 1000NOT
Aster NOTUSDT
Binance NOTUSDT
Bybit NOTUSDT
OKX NOT-USDT-SWAP
Gate NOT_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NOT_USDT | +0.0100% | 4h | 0.0005065 | −0.099% | $1.3M | $435K | 200x | as long as short |
| Bitget NOTUSDT | +0.0100% | 4h | 0.0005068 | −0.039% | $672K | $413K | 50x | as long as short |
| BingX NOT-USDT | +0.0100% | 4h | 0.0005061 | −0.178% | — | $8.8M | — | as long as short |
| Extended kNOT-USD | +0.0104% | 1h | 0.0005065 | −0.098% | $4K | — | 5x | as long as short |
| BloFin NOT-USDT | +0.0121% | 4h | 0.0005073 | +0.059% | $111K | $16K | 50x | as long as short |
| Kraken Futures PF_NOTUSD | +0.1692% | 1h | 0.0005104 | +0.677% | $50K | $8K | 10x | as long as short |
MEXC NOT_USDT
Bitget NOTUSDT
BingX NOT-USDT
Extended kNOT-USD
BloFin NOT-USDT
Kraken Futures PF_NOTUSD