Funding you earn now, next payment 01:00 UTC−0.0133%/8h= −14.6% APRpaid last 24h −0.019%
Price spread now: Variational Omni against Hyperliquid−0.335%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 −$4 a day on $10k at the current rate, and Variational Omni is 0.335% cheaper against Hyperliquid than usual: you would sell low and buy high (−$33 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 PEOPLE | 0.009234 | 0.0100 | pay 0.0013% / 1h | 42m 34s | $428K | $214K | 3x |
| Short | Variational Omni PEOPLE | 0.009203 | −0.0033 | pay 0.0033% / 8h | 7h 42m | $6K | $3K | — |
Hyperliquid PEOPLE
Variational Omni PEOPLEFunding 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
- −$28.02
- Price spread: −0.335% → 0.000%
- −$33.49
- 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
- −$70.52
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 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, 7 min ago | 1.09 bp | 14.0 bp −$14 | 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.
PEOPLE on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PEOPLEUSD | −0.1356% | 1h | 0.009208 | −0.277% | $36K | $45K | 10x | as long as short |
| Gate PEOPLE_USDT | −0.0711% | 8h | 0.009221 | −0.141% | $721K | $1.5M | 50x | as long as short |
| KuCoin PEOPLEUSDTM | −0.0053% | 8h | 0.009215 | −0.206% | $659K | $123K | 50x | as long as short |
| Variational Omni PEOPLEshort | −0.0033% | 8h | 0.009203 | −0.335% | $6K | $3K | — | |
| Hyperliquid PEOPLElong | +0.0100% | 1h | 0.009234 | long leg | $428K | $214K | 3x | |
| Aster PEOPLEUSDT | +0.0100% | 8h | 0.009224 | −0.108% | $8K | $75K | 5x | as long as short |
| Binance PEOPLEUSDT | +0.0100% | 8h | 0.009227 | −0.080% | $5.6M | $15.3M | 50x | as long as short |
| Bybit PEOPLEUSDT | +0.0100% | 8h | 0.009230 | −0.043% | $1.6M | $2.2M | 50x | as long as short |
| OKX PEOPLE-USDT-SWAP | +0.0100% | 8h | 0.009236 | +0.022% | $3.4M | $8.6M | 20x | as long as short |
| MEXC PEOPLE_USDT | +0.0100% | 8h | 0.009231 | −0.032% | $681K | $303K | 200x | as long as short |
Kraken Futures PF_PEOPLEUSD
Gate PEOPLE_USDT
KuCoin PEOPLEUSDTM
Aster PEOPLEUSDT
Binance PEOPLEUSDT
Bybit PEOPLEUSDT
OKX PEOPLE-USDT-SWAP
MEXC PEOPLE_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget PEOPLEUSDT | +0.0100% | 8h | 0.009231 | −0.032% | $1.8M | $1.2M | 50x | as long as short |
| BingX PEOPLE-USDT | +0.0100% | 8h | 0.009229 | −0.054% | — | $5.7M | — | as long as short |
| HTX PEOPLE-USDT | +0.0100% | 8h | 0.009209 | −0.271% | $44K | $52K | 50x | as long as short |
| Extended PEOPLE-USD | +0.0104% | 1h | 0.009224 | −0.112% | $184 | — | 5x | as long as short |
| BloFin PEOPLE-USDT | +0.0106% | 8h | 0.009219 | −0.162% | $352K | $87K | 50x | as long as short |
Bitget PEOPLEUSDT
BingX PEOPLE-USDT
HTX PEOPLE-USDT
Extended PEOPLE-USD
BloFin PEOPLE-USDT