Funding you earn now, next payment 00:00 UTC+0.0409%/8h= +44.7% APRpaid last 24h +0.049%
Price spread now: Hyperliquid against Variational Omni+0.319%7-day average +0.184% · 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)+0.119%+$12 on $10k
+Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.319%, 7d avg +0.184%
=Together, before fees+0.070%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.136% dearer against Variational Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.184%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.119% in total (about 13.0% 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 | Variational Omni CC | 0.1180 | 0.0100 | pay 0.0050% / 4h | 7m 35s | $589K | $43K | — |
| Short | Hyperliquid CC | 0.1184 | 0.0509 | get 0.0064% / 1h | 7m 35s | $5.5M | $1.3M | 3x |
Variational Omni CC
Hyperliquid CCFunding 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
- $85.79
- Price spread: +0.319% → +0.184%
- $13.57
- 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
- $90.36
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 6 min ago; Hyperliquid: live order book, 4 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, 6 min ago | 12.71 bp | doesn't fit | 368.5 bp −$3,685 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.85 bp | 11.9 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3320% | 1h | 0.1169 | −0.960% | $6K | $100 | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0098% | 8h | 0.1182 | +0.158% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1182 | +0.133% | $35K | $38K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1181 | +0.085% | $11.1M | $11.2M | 75x | as long as short |
| Bybit CCUSDT | +0.0100% | 4h | 0.1181 | +0.082% | $10.7M | $3.8M | 25x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1183 | +0.226% | $2.6M | $3.5M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1181 | +0.048% | $365K | $214K | 50x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1182 | +0.108% | $1.6M | $316K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1183 | +0.226% | $501K | $116K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1183 | +0.209% | $944K | $791K | 20x | as long as short |
Injective CC/USDC PERP
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
Bybit CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1182 | +0.125% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1182 | +0.159% | $15K | $22K | 10x | as long as short |
| Variational Omni CClong | +0.0100% | 4h | 0.1180 | long leg | $589K | $43K | — | |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1182 | +0.133% | $86K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1181 | +0.049% | $6K | $36K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1180 | −0.002% | $589K | $107K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0448% / S −0.0241% | 1h | 0.1183 | +0.204% | $44K | — | 50x | as long as short |
| Hyperliquid CCshort | +0.0509% | 1h | 0.1184 | +0.319% | $5.5M | $1.3M | 3x | |
| Lighter CC | +0.1000% | 1h | 0.1186 | +0.514% | $236K | $154K | 5x | as long as short |
BingX CC-USDT
Backpack CC_USDC_PERP
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC