Funding you earn now, next payment 01:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.003%
Price spread now: Variational Omni against Hyperliquid−0.126%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 −$1 a day on $10k at the current rate, and Variational Omni is 0.126% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 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 SUSHI | 0.2567 | 0.0100 | pay 0.0013% / 1h | 21m 18s | $362K | $390K | 3x |
| Short | Variational Omni SUSHI | 0.2564 | 0.0070 | get 0.0070% / 8h | 7h 21m | $41K | $14K | — |
Hyperliquid SUSHI
Variational Omni SUSHIFunding 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
- −$6.33
- Price spread: −0.126% → 0.000%
- −$12.56
- 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
- −$27.89
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 29 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, 29 min ago | 1.37 bp | 16.7 bp −$17 | 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.
SUSHI 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SUSHIUSDT | +0.0028% | 8h | 0.2564 | −0.109% | $1.0M | $681K | 50x | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | −0.849% | $16 | $18K | 5.5x | as long as short |
| Variational Omni SUSHIshort | +0.0070% | 8h | 0.2564 | −0.126% | $41K | $14K | — | |
| Kraken Futures PF_SUSHIUSD | +0.0089% | 1h | 0.2570 | +0.108% | $772K | $67K | 20x | as long as short |
| Hyperliquid SUSHIlong | +0.0100% | 1h | 0.2567 | long leg | $362K | $390K | 3x | |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2567 | +0.003% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2565 | −0.070% | $3.9M | $9.0M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2564 | −0.109% | $2.6M | $2.5M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2568 | +0.047% | $1.7M | $3.1M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2570 | +0.125% | $569K | $293K | 50x | as long as short |
Bitget SUSHIUSDT
Injective SUSHI/USDC PERP
Kraken Futures PF_SUSHIUSD
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2564 | −0.109% | $1.3M | $297K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2568 | +0.047% | $1.2M | $231K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2571 | +0.164% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2577 | +0.397% | $90K | $48K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0113% | 8h | 0.2579 | +0.475% | $215K | $64K | 75x | as long as short |
MEXC SUSHI_USDT
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT
BloFin SUSHI-USDT