Funding you earn now, next payment 00:00 UTC−0.0565%/8h= −61.8% APRpaid last 24h −0.066%
Price spread now: Variational Omni against Hyperliquid−1.118%7-day average −0.199% · 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)−0.073%−$7 on $10k
+Price spread, last 3 days (all we have)+0.990%+$99 · spread now −1.118%, 7d avg −0.199%
=Together, before fees+0.916%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$92 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Variational Omni is 0.919% cheaper against Hyperliquid than usual: you would sell low and buy high (−$92 if the spread goes back to its 7-day average of −0.199%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.073% in total (about -8.1% 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 EIGEN | 0.2445 | 0.0665 | pay 0.0083% / 1h | 56m 15s | $4.8M | $1.6M | 5x |
| Short | Variational Omni EIGEN | 0.2418 | 0.0100 | get 0.0050% / 4h | 56m 15s | $201K | $127K | — |
Hyperliquid EIGEN
Variational Omni EIGENFunding 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
- −$118.58
- Price spread: −1.118% → −0.199%
- −$91.87
- 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
- −$219.46
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Variational Omni: RFQ quote, 23 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 | 2.06 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 23 min ago | 6.23 bp | doesn't fit | 47.7 bp −$477 | doesn't fit | doesn't fit |
EIGEN 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 EIGENUSD | −0.0080% | 1h | 0.2437 | −0.327% | $826 | $5K | 10x | as long as short |
| Kraken Futures PF_EIGENUSD | −0.0016% | 1h | 0.2440 | −0.224% | $176K | $68K | 20x | as long as short |
| dYdX EIGEN-USD | 0.0000% | 1h | 0.2432 | −0.546% | $3K | — | 5x | as long as short |
| Deribit EIGEN_USDC-PERPETUAL | 0.0000% | 1h | 0.2438 | −0.278% | — | $86 | 10x | as long as short |
| Injective EIGEN/USDC PERP | +0.0033% | 1h | 0.2438 | −0.286% | $6 | $6 | 5.5x | as long as short |
| Nado EIGEN-PERP | +0.0100% | 1h | 0.2437 | −0.327% | $30K | $17K | 3x | as long as short |
| Aster EIGENUSDT | +0.0100% | 4h | 0.2438 | −0.305% | $45K | $29K | 5x | as long as short |
| Binance EIGENUSDT | +0.0100% | 4h | 0.2437 | −0.327% | $8.3M | $20.0M | 75x | as long as short |
| Bybit EIGENUSDT | +0.0100% | 4h | 0.2437 | −0.327% | $9.7M | $7.7M | 50x | as long as short |
| OKX EIGEN-USDT-SWAP | +0.0100% | 4h | 0.2436 | −0.368% | $1.6M | $5.0M | 20x | as long as short |
01 Exchange EIGENUSD
Kraken Futures PF_EIGENUSD
dYdX EIGEN-USD
Deribit EIGEN_USDC-PERPETUAL
Injective EIGEN/USDC PERP
Nado EIGEN-PERP
Aster EIGENUSDT
Binance EIGENUSDT
Bybit EIGENUSDT
OKX EIGEN-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate EIGEN_USDT | +0.0100% | 4h | 0.2436 | −0.368% | $732K | $635K | 50x | as long as short |
| MEXC EIGEN_USDT | +0.0100% | 4h | 0.2438 | −0.286% | $8.8M | $2.3M | 125x | as long as short |
| KuCoin EIGENUSDTM | +0.0100% | 4h | 0.2437 | −0.327% | $2.4M | $10.6M | 50x | as long as short |
| Bitget EIGENUSDT | +0.0100% | 4h | 0.2437 | −0.327% | $1.9M | $1.3M | 75x | as long as short |
| BingX EIGEN-USDT | +0.0100% | 4h | 0.2437 | −0.327% | — | $1.6M | — | as long as short |
| Variational Omni EIGENshort | +0.0100% | 4h | 0.2418 | −1.118% | $201K | $127K | — | |
| GRVT EIGEN_USDT_Perp | +0.0100% | 4h | 0.2418 | −1.105% | $186K | $2.1M | 10x | as long as short |
| ApeX Omni EIGENUSDT | +0.0100% | 1h | 0.2424 | −0.859% | $36K | $236K | 50x | as long as short |
| Orderly PERP_EIGEN_USDC_mythos | +0.0100% | 4h | 0.2437 | −0.327% | $2K | $1K | 10x | as long as short |
| Extended EIGEN-USD | +0.0104% | 1h | 0.2437 | −0.309% | $92K | $496K | 10x | as long as short |
| BloFin EIGEN-USDT | +0.0113% | 4h | 0.2427 | −0.736% | $349K | $135K | 75x | as long as short |
| Coinbase International EIGEN-PERP-INTX | +0.0160% | 1h | 0.2434 | −0.442% | $42K | $160K | 50x | as long as short |
| GMX EIGEN/USD [ETH-USDC] | L +0.0195% / S −0.0568% | 1h | 0.2438 | −0.291% | $2K | — | 100x | as long as short |
| Reya EIGENRUSDPERP | +0.0513% | 1h | 0.2438 | −0.287% | $851 | — | 15x | as long as short |
| Hyperliquid EIGENlong | +0.0665% | 1h | 0.2445 | long leg | $4.8M | $1.6M | 5x | |
| Lighter EIGEN | +0.0888% | 1h | 0.2443 | −0.082% | $562K | $443K | 5x | as long as short |
Gate EIGEN_USDT
MEXC EIGEN_USDT
KuCoin EIGENUSDTM
Bitget EIGENUSDT
BingX EIGEN-USDT
GRVT EIGEN_USDT_Perp
ApeX Omni EIGENUSDT
Orderly PERP_EIGEN_USDC_mythos
Extended EIGEN-USD
BloFin EIGEN-USDT
Coinbase International EIGEN-PERP-INTX
GMX EIGEN/USD [ETH-USDC]
Reya EIGENRUSDPERP
Lighter EIGEN