Funding you earn now, next payment 23:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h −0.100%
Price spread now: Variational Omni against Hyperliquid−0.616%7-day average −0.195% · 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)−0.186%−$19 on $10k
+Price spread, last 3 days (all we have)+0.928%+$93 · spread now −0.616%, 7d avg −0.195%
=Together, before fees+0.743%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$74 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.420% cheaper against Hyperliquid than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of −0.195%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEN | 7.7261 | 0.0100 | pay 0.0013% / 1h | 24m 23s | $2.4M | $1.8M | 5x |
| Short | Variational Omni ZEN | 7.6785 | −0.0050 | pay 0.0050% / 8h | 1h 24m | $51K | $150K | — |
Hyperliquid ZEN
Variational Omni ZENFunding 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
- −$31.5
- Price spread: −0.616% → −0.195%
- −$42.01
- 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
- −$82.51
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Variational Omni: RFQ quote, 60 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 | 1.30 bp | 16.5 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 60 min ago | 5.96 bp | doesn't fit | 169.3 bp −$1,693 | doesn't fit | doesn't fit |
ZEN 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZEN-USDT-SWAP | −0.0098% | 4h | 7.7060 | −0.260% | $2.3M | $5.8M | 50x | as long as short |
| Variational Omni ZENshort | −0.0050% | 8h | 7.6785 | −0.616% | $51K | $150K | — | |
| KuCoin ZENUSDTM | −0.0042% | 8h | 7.7070 | −0.247% | $4.3M | $5.0M | 50x | as long as short |
| MEXC ZEN_USDT | −0.0002% | 8h | 7.7110 | −0.195% | $12.2M | $5.6M | 200x | as long as short |
| Binance ZENUSDT | −0.0001% | 8h | 7.7100 | −0.208% | $11.1M | $31.8M | 75x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7005 | −0.332% | $9K | — | 5x | as long as short |
| Extended ZEN-USD | 0.0000% | 1h | 7.7130 | −0.169% | $25K | $110K | 5x | as long as short |
| Bitget ZENUSDT | +0.0046% | 8h | 7.7090 | −0.221% | $2.9M | $3.5M | 50x | as long as short |
| Aster ZENUSDT | +0.0066% | 8h | 7.7101 | −0.207% | $53K | $380K | 10x | as long as short |
| Hyperliquid ZENlong | +0.0100% | 1h | 7.7261 | long leg | $2.4M | $1.8M | 5x |
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
MEXC ZEN_USDT
Binance ZENUSDT
dYdX ZEN-USD
Extended ZEN-USD
Bitget ZENUSDT
Aster ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZENUSDT | +0.0100% | 8h | 7.7010 | −0.325% | $4.7M | $6.6M | 75x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7100 | −0.208% | — | $3.4M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6760 | −0.648% | $581K | $1.6M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6720 | −0.700% | $27K | $682K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6950 | −0.403% | $1K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0117% | 8h | 7.6990 | −0.351% | $842K | $1.9M | 75x | as long as short |
| Kraken Futures PF_ZENUSD | +0.1885% | 1h | 7.7269 | +0.011% | $505K | $1.1M | 25x | as long as short |
Bybit ZENUSDT
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Kraken Futures PF_ZENUSD