Funding you earn now, next payment 03:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against Variational Omni+0.124%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.124% dearer against Variational Omni than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni SUSHI | 0.2564 | 0.0065 | pay 0.0065% / 8h | 5h 19m | $41K | $13K | — |
| Short | Hyperliquid SUSHI | 0.2567 | 0.0100 | get 0.0013% / 1h | 19m 17s | $361K | $337K | 3x |
Variational Omni SUSHI
Hyperliquid SUSHIFunding 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
- $7.25
- Price spread: +0.124% → 0.000%
- $12.38
- 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
- $10.64
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 10 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 no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 10 min ago | 3.34 bp | 20.0 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0056% | 8h | 0.2564 | +0.018% | $1.0M | $703K | 50x | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | −0.723% | $16 | $18K | 5.5x | as long as short |
| Variational Omni SUSHIlong | +0.0065% | 8h | 0.2564 | long leg | $41K | $13K | — | |
| Hyperliquid SUSHIshort | +0.0100% | 1h | 0.2567 | +0.124% | $361K | $337K | 3x | |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2567 | +0.133% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2565 | +0.074% | $4.0M | $9.0M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2564 | +0.011% | $2.6M | $2.4M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2566 | +0.097% | $1.6M | $3.2M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2567 | +0.136% | $565K | $253K | 50x | as long as short |
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2565 | +0.058% | $1.2M | $271K | 75x | as long as short |
Bitget SUSHIUSDT
Injective SUSHI/USDC PERP
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDT
MEXC SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2566 | +0.097% | $1.2M | $225K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2567 | +0.136% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2565 | +0.058% | $88K | $49K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0120% | 8h | 0.2564 | +0.018% | $214K | $39K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSD | +0.0223% | 1h | 0.2567 | +0.146% | $772K | $64K | 20x | as long as short |
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT
BloFin SUSHI-USDT
Kraken Futures PF_SUSHIUSD