Funding you earn now, next payment 23:00 UTC−0.1103%/8h= −120.8% APRpaid last 24h −0.044%
Price spread now: Variational Omni against Hyperliquid−0.518%7-day average −0.105% · 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)−0.080%−$8 on $10k
+Price spread, last 7 days+0.492%+$49 · spread now −0.518%, 7d avg −0.105%
=Together, before fees+0.412%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$41 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Variational Omni is 0.413% cheaper against Hyperliquid than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.105%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.080% in total (about -9.0% 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 | Hyperliquid WLD | 0.4605 | 0.1154 | pay 0.0144% / 1h | 40m 52s | $50.2M | $43.2M | 10x |
| Short | Variational Omni WLD | 0.4581 | 0.0051 | get 0.0051% / 8h | 1h 40m | $2.1M | $1.6M | — |
Hyperliquid WLD
Variational Omni WLDFunding 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
- −$231.71
- Price spread: −0.518% → −0.105%
- −$41.27
- 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
- −$281.98
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 13 min ago; Variational Omni: RFQ quote, 3 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, 13 min ago | 0.11 bp | 4.6 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.35 bp | doesn't fit | 13.1 bp −$131 | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0401% | 8h | 0.4600 | −0.106% | $44K | $3.8M | 1.7x | as long as short |
| Injective WLD/USDC PERP | −0.0079% | 1h | 0.4522 | −1.800% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | −0.0005% | 8h | 0.4596 | −0.193% | $28K | $914K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4602 | −0.063% | $157K | $6K | 10x | as long as short |
| KuCoin WLDUSDTM | 0.0000% | 8h | 0.4594 | −0.237% | $7.0M | $10.7M | 50x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4597 | −0.172% | $107K | $890K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4596 | −0.190% | $57K | — | 150x | as long as short |
| Variational Omni WLDshort | +0.0051% | 8h | 0.4581 | −0.518% | $2.1M | $1.6M | — | |
| Nado WLD-PERP | +0.0067% | 1h | 0.4596 | −0.204% | $277K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4597 | −0.173% | $216K | $974K | 50x | as long as short |
Kalshi KXWLDPERP
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
dYdX WLD-USD
KuCoin WLDUSDTM
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4602 | −0.063% | $52K | $480K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4597 | −0.175% | $87.2M | $294.8M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4596 | −0.193% | $65.8M | $80.9M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4596 | −0.193% | $34.4M | $140.7M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4596 | −0.193% | $7.5M | $35.0M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4596 | −0.193% | $49.1M | $51.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4596 | −0.193% | $30.3M | $25.3M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4597 | −0.172% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4598 | −0.141% | $128K | $269K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4592 | −0.273% | $27K | $314K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4594 | −0.237% | $626K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4597 | −0.172% | $55K | $227K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4596 | −0.193% | $47K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4603 | −0.041% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4597 | −0.172% | $200 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4596 | −0.193% | $867K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4597 | −0.172% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4595 | −0.224% | $241K | $855K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4593 | −0.256% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0124% | 1h | 0.4595 | −0.213% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4594 | −0.245% | — | — | 20x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0185% | 1h | 0.4603 | −0.041% | $924K | $2.6M | 50x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4599 | −0.128% | $4.9M | $817K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4605 | −0.004% | $329 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0260% / S −0.2221% | 1h | 0.4597 | −0.175% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0424% | 1h | 0.4602 | −0.063% | $275K | $1.6M | 50x | as long as short |
| Lighter WLD | +0.0976% | 1h | 0.4608 | +0.063% | $5.2M | $2.1M | 10x | as long as short |
| Hyperliquid WLDlong | +0.1154% | 1h | 0.4605 | long leg | $50.2M | $43.2M | 10x |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Phoenix WLD
Reya WLDRUSDPERP
Kraken Futures PF_WLDUSD
BloFin WLD-USDT
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
Coinbase International WLD-PERP-INTX
Lighter WLD