Funding you earn now, next payment 05:00 UTC−0.0310%/8h= −34.0% APRpaid last 24h −0.261%
Price spread now: Variational Omni against Hyperliquid−0.143%7-day average −0.276% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.504%−$50 on $10k
+Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.143%, 7d avg −0.276%
=Together, before fees−0.341%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.134% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.143% now, against its 7-day average of −0.276%): +$13 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SKY | 0.06872 | 0.0192 | pay 0.0024% / 1h | 34m 32s | $2.8M | $909K | 3x |
| Short | Variational Omni SKY | 0.06862 | −0.0119 | pay 0.0059% / 4h | 3h 34m | $183K | $113K | — |
Hyperliquid SKY
Variational Omni SKYFunding 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
- −$65.2
- Price spread: −0.143% → −0.276%
- $13.37
- 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
- −$60.83
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 7 min ago; Variational Omni: RFQ quote, 19 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, 7 min ago | 3.56 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 19 min ago | 5.83 bp | doesn't fit | 180.7 bp −$1,807 | doesn't fit | doesn't fit |
SKY on 18 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 SKY/USDC PERP | −0.0269% | 1h | 0.06893 | +0.311% | $376 | $303K | 12x | as long as short |
| Variational Omni SKYshort | −0.0119% | 4h | 0.06862 | −0.143% | $183K | $113K | — | |
| Bybit SKYUSDT | +0.0070% | 4h | 0.06857 | −0.212% | $7.2M | $3.2M | 25x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06861 | −0.154% | $179K | $139K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06860 | −0.170% | $42K | $42K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06864 | −0.116% | $15.7M | $11.0M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06860 | −0.169% | $822K | $1.1M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06854 | −0.256% | $594K | $270K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06863 | −0.125% | $1.0M | $265K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06860 | −0.169% | $404K | $291K | 50x | as long as short |
Injective SKY/USDC PERP
Bybit SKYUSDT
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDT
KuCoin SKYUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKYUSDT | +0.0100% | 4h | 0.06862 | −0.140% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06860 | −0.169% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06878 | +0.093% | $27K | $653K | 50x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06860 | −0.165% | $76K | $31K | 5x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06866 | −0.083% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0125% | 4h | 0.06867 | −0.067% | $584K | $29K | 75x | as long as short |
| Hyperliquid SKYlong | +0.0192% | 1h | 0.06872 | long leg | $2.8M | $909K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0521% / S −0.0248% | 1h | 0.06862 | −0.138% | $81K | — | 50x | as long as short |
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Nado SKY-PERP
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]