Funding you earn now, next payment 04:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.035%
Price spread now: Hyperliquid against Variational Omni+0.080%7-day average +0.154% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.080%, 7d avg +0.154%
=Together, before fees−0.020%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.075% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.080% now, against its 7-day average of +0.154%). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.037% in total) that is about 6.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni POL | 0.1099 | 0.0100 | pay 0.0050% / 4h | 58m 11s | $608K | $209K | — |
| Short | Hyperliquid POL | 0.1099 | 0.0208 | get 0.0026% / 1h | 58m 11s | $7.4M | $3.7M | 5x |
Variational Omni POL
Hyperliquid POLFunding 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
- $22.69
- Price spread: +0.080% → +0.154%
- −$7.47
- 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
- $6.22
- Costs to cover
- 0.090%
- Break-even
- 5.1 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Hyperliquid: live order book, 4 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, 1 min ago | 9.11 bp | doesn't fit | 45.5 bp −$455 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.36 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
POL on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0520% | 1h | 0.1096 | −0.230% | $202K | $197K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1098 | −0.049% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1100 | +0.168% | $17K | $1K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1099 | +0.010% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.136% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0039% | 4h | 0.1097 | −0.121% | $11K | $269K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1098 | −0.053% | $283K | $550K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1099 | +0.054% | $365K | $264K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1097 | −0.114% | $17.1M | $42.0M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1097 | −0.157% | $15.8M | $11.7M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1097 | −0.139% | $5.7M | $10.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1098 | −0.020% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1098 | −0.084% | $24.3M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1099 | +0.034% | $2.9M | $973K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1098 | −0.057% | $4.1M | $4.6M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1099 | −0.002% | — | $7.2M | — | as long as short |
| Variational Omni POLlong | +0.0100% | 4h | 0.1099 | long leg | $608K | $209K | — | |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1099 | +0.076% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1097 | −0.139% | $194K | $633K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1098 | −0.043% | $95K | $453K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1096 | −0.255% | $40K | — | 3x | as long as short |
| Hyperliquid POLshort | +0.0208% | 1h | 0.1099 | +0.080% | $7.4M | $3.7M | 5x | |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1098 | −0.026% | $3K | — | 100x | as long as short |
| Kraken Futures PF_POLUSD | +0.0314% | 1h | 0.1098 | −0.024% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1098 | −0.011% | $913K | $166K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Kraken Futures PF_POLUSD
BloFin POL-USDT