Funding you earn now, next payment 02:00 UTC+0.1079%/8h= +118.1% APRpaid last 24h +0.269%
Price spread now: Hyperliquid against Variational Omni+0.354%7-day average +0.266% · 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)+0.353%+$35 on $10k
+Price spread, last 4 days (all we have)−0.889%−$89 · spread now +0.354%, 7d avg +0.266%
=Together, before fees−0.536%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$54 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Hyperliquid is 0.088% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.266%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.353% in total (about 37.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni POPCAT | 0.05583 | −0.0018 | get 0.0009% / 4h | 2h 10m | $506K | $161K | — |
| Short | Hyperliquid POPCAT | 0.05603 | 0.1061 | get 0.0133% / 1h | 10m 36s | $2.6M | $1.0M | 3x |
Variational Omni POPCAT
Hyperliquid POPCATFunding 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
- $226.49
- Price spread: +0.354% → +0.266%
- $8.79
- 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
- $226.28
- Costs to cover
- 0.090%
- Break-even
- 0.0 days
Slippage unknown: Variational Omni: RFQ quote, 58 min ago; Hyperliquid: live order book, just now. 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, 58 min ago | 7.94 bp | doesn't fit | 36.2 bp −$362 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, just now | 2.23 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 17 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 POPCAT/USDC PERP | −0.5000% | 1h | 0.05524 | −1.057% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05587 | +0.076% | $1 | — | 10x | as long as short |
| Variational Omni POPCATlong | −0.0018% | 4h | 0.05583 | long leg | $506K | $161K | — | |
| Lighter POPCAT | +0.0096% | 1h | 0.05590 | +0.125% | $100K | $52K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05595 | +0.212% | $2.3M | $6.8M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05593 | +0.179% | $8.8M | $6.3M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05588 | +0.089% | $689K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05602 | +0.340% | $448K | $639K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05594 | +0.197% | $1.8M | $976K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05594 | +0.197% | $1.1M | $991K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05592 | +0.161% | $1.2M | $940K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05590 | +0.125% | — | $6.8M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05582 | −0.018% | $250K | $486K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05580 | −0.054% | $22K | $657K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05585 | +0.028% | $95K | $526K | 10x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0636% | 1h | 0.05600 | +0.307% | $150K | $149K | 20x | as long as short |
| Hyperliquid POPCATshort | +0.1061% | 1h | 0.05603 | +0.354% | $2.6M | $1.0M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Kraken Futures PF_POPCATUSD