Funding you earn now, next payment 23:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h −0.033%
Price spread now: Variational Omni against Hyperliquid−0.079%7-day average −0.072% · 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)−0.052%−$5 on $10k
+Price spread, last 3 days (all we have)+0.173%+$17 · spread now −0.079%, 7d avg −0.072%
=Together, before fees+0.121%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid OP | 0.1258 | 0.0100 | pay 0.0013% / 1h | 57m 55s | $4.1M | $3.0M | 5x |
| Short | Variational Omni OP | 0.1257 | 0.0042 | get 0.0042% / 8h | 1h 57m | $231K | $46K | — |
Hyperliquid OP
Variational Omni OPFunding 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
- −$12.11
- Price spread: −0.079% → −0.072%
- −$0.75
- 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
- −$21.86
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Variational Omni: RFQ quote, 26 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, 4 min ago | 1.19 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 26 min ago | 7.90 bp | doesn't fit | 39.5 bp −$395 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1710% | 1h | 0.1250 | −0.644% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1258 | +0.005% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1243 | −1.200% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1258 | +0.008% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1258 | −0.008% | $41K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1258 | +0.017% | — | — | 150x | as long as short |
| Variational Omni OPshort | +0.0042% | 8h | 0.1257 | −0.079% | $231K | $46K | — | |
| Orderly PERP_OP_USDC | +0.0044% | 8h | 0.1257 | −0.087% | $6K | $50K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0092% | 8h | 0.1257 | −0.127% | $5.9M | $29.7M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1258 | −0.024% | $270K | $899K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OP_USDT | +0.0099% | 8h | 0.1257 | −0.079% | $1.8M | $1.5M | 50x | as long as short |
| Hyperliquid OPlong | +0.0100% | 1h | 0.1258 | long leg | $4.1M | $3.0M | 5x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1258 | −0.042% | $211K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1257 | −0.127% | $20.4M | $62.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1255 | −0.207% | $18.3M | $25.4M | 75x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1257 | −0.079% | $19.9M | $7.0M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1257 | −0.087% | $2.9M | $7.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1258 | −0.008% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1256 | −0.151% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1256 | −0.143% | $124K | $193K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1258 | −0.023% | $11K | $384K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1257 | −0.087% | $311K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1259 | +0.072% | $45K | $719K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1257 | −0.111% | $176 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1259 | +0.103% | $174K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1257 | −0.123% | $101K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1257 | −0.063% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1258 | −0.008% | $1.0M | $281K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0229% | 1h | 0.1258 | −0.026% | $778K | $732K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1257 | −0.049% | $699 | — | 20x | as long as short |
Gate OP_USDT
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP