Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.034%
Price spread now: Hyperliquid against Variational Omni+0.612%7-day average +0.115% · 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)+0.079%+$8 on $10k
+Price spread, last 7 days−0.497%−$50 · spread now +0.612%, 7d avg +0.115%
=Together, before fees−0.418%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$42 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: Hyperliquid is 0.497% dearer against Variational Omni than usual: you sell high and buy low, +$50 on $10k if it goes back to its 7-day average of +0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZRO | 1.1779 | 0.0100 | pay 0.0050% / 4h | 1h 41m | $2.3M | $859K | — |
| Short | Hyperliquid ZRO | 1.1851 | 0.0100 | get 0.0013% / 1h | 41m 13s | $37.6M | $6.2M | 5x |
Variational Omni ZRO
Hyperliquid ZROFunding 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
- $0
- Price spread: +0.612% → +0.115%
- $49.74
- 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
- $40.74
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Hyperliquid: live order book, 12 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 RFQ quote, 3 min ago | 4.83 bp | doesn't fit | 36.9 bp −$369 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 0.85 bp | 13.0 bp −$13 | doesn't fit | 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 | −0.0616% | 1h | 1.1838 | +0.502% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0053% | 4h | 1.1815 | +0.307% | $21K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1832 | +0.449% | $251K | $552K | 25x | as long as short |
| Lighter ZRO | +0.0064% | 1h | 1.1822 | +0.366% | $4.4M | $1.5M | 5x | as long as short |
| BloFin ZRO-USDT | +0.0077% | 4h | 1.1829 | +0.425% | $1.1M | $263K | 75x | as long as short |
| Hyperliquid ZROshort | +0.0100% | 1h | 1.1851 | +0.612% | $37.6M | $6.2M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1837 | +0.497% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1843 | +0.543% | $139K | $184K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1822 | +0.366% | $22.2M | $31.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1810 | +0.264% | $18.1M | $14.9M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Kraken Futures PF_ZROUSD
Lighter ZRO
BloFin ZRO-USDT
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1824 | +0.383% | $3.2M | $8.5M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1830 | +0.434% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1814 | +0.298% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1830 | +0.434% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1823 | +0.375% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1828 | +0.417% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1837 | +0.493% | $95K | $204K | 20x | as long as short |
| Variational Omni ZROlong | +0.0100% | 4h | 1.1779 | long leg | $2.3M | $859K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | +0.264% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1843 | +0.544% | $89K | $904K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1817 | +0.323% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0115% | 1h | 1.1846 | +0.571% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERP | +0.0150% | 1h | 1.1819 | +0.343% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2416% | 1h | 1.1829 | +0.424% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1890 | +0.943% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USD | +0.2432% | 1h | 1.1811 | +0.273% | $784K | $541K | 10x | as long as short |
OKX ZRO-USDT-SWAP
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
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD