Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.034%
Price spread now: Variational Omni against Hyperliquid+0.286%7-day average −0.116% · 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)−0.076%−$8 on $10k
+Price spread, last 7 days−0.391%−$39 · spread now +0.286%, 7d avg −0.116%
=Together, before fees−0.467%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$47 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.402% dearer against Hyperliquid than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of −0.116%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZRO | 1.1696 | 0.0100 | pay 0.0013% / 1h | 57m 08s | $37.0M | $5.6M | 5x |
| Short | Variational Omni ZRO | 1.1729 | 0.0100 | get 0.0050% / 4h | 2h 57m | $2.3M | $841K | — |
Hyperliquid ZRO
Variational Omni ZROFunding 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
- $0
- Price spread: +0.286% → −0.116%
- $40.24
- 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
- $31.24
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 6 min ago; Variational Omni: RFQ quote, 2 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, 6 min ago | 1.27 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 5.72 bp | doesn't fit | 48.2 bp −$482 | doesn't fit | doesn't fit |
ZRO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0176% | 1h | 1.1716 | +0.167% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1721 | +0.214% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0008% | 4h | 1.1707 | +0.094% | $20K | $6K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1725 | +0.251% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZROlong | +0.0100% | 1h | 1.1696 | long leg | $37.0M | $5.6M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1727 | +0.265% | $157K | $148K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1717 | +0.178% | $136K | $169K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1702 | +0.054% | $22.0M | $30.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1710 | +0.120% | $17.9M | $14.1M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1686 | −0.085% | $3.2M | $7.9M | 20x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1700 | +0.034% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1695 | −0.009% | $19.0M | $2.6M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1715 | +0.162% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1688 | −0.068% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1702 | +0.051% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1690 | −0.051% | $99K | $210K | 20x | as long as short |
| Variational Omni ZROshort | +0.0100% | 4h | 1.1729 | +0.286% | $2.3M | $841K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1720 | +0.205% | $37K | $686K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1730 | +0.291% | $92K | $843K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1695 | −0.009% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0113% | 4h | 1.1709 | +0.111% | $1.1M | $252K | 75x | as long as short |
| Nado ZRO-PERP | +0.0150% | 1h | 1.1718 | +0.187% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1710 | +0.119% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0371% | 1h | 1.1709 | +0.112% | $251K | $407K | 25x | as long as short |
| Extended ZRO-USD | +0.1104% | 1h | 1.1697 | +0.007% | $784K | $593K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1770 | +0.633% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP