Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.031%
Price spread now: Hyperliquid against Variational Omni+0.242%7-day average +0.081% · 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)+0.069%+$7 on $10k
+Price spread, last 7 days−0.243%−$24 · spread now +0.242%, 7d avg +0.081%
=Together, before fees−0.174%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.162% dearer against Variational Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETHFI | 0.7029 | 0.0072 | pay 0.0036% / 4h | 1m 54s | $981K | $706K | — |
| Short | Hyperliquid ETHFI | 0.7046 | 0.0100 | get 0.0013% / 1h | 1m 54s | $17.4M | $7.9M | 5x |
Variational Omni ETHFI
Hyperliquid ETHFIFunding 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
- $5.98
- Price spread: +0.242% → +0.081%
- $16.17
- 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
- $13.15
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 27 min ago; Hyperliquid: live order book, 11 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, 27 min ago | 4.95 bp | doesn't fit | 43.1 bp −$431 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 1.42 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0460% | 1h | 0.7042 | +0.181% | $40K | $12K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0417% | 4h | 0.7032 | +0.039% | $87K | $168K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0236% | 4h | 0.7039 | +0.138% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | 0.0000% | 8h | 0.7037 | +0.107% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.998% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7045 | +0.221% | $264K | $209K | 20x | as long as short |
| Variational Omni ETHFIlong | +0.0072% | 4h | 0.7029 | long leg | $981K | $706K | — | |
| Lighter ETHFI | +0.0096% | 1h | 0.7048 | +0.274% | $1.1M | $883K | 5x | as long as short |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7029 | −0.004% | $95K | $381K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0098% | 4h | 0.7035 | +0.082% | $15.8M | $4.1M | 125x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Lighter ETHFI
Extended ETHFI-USD
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ETHFIUSDT | +0.0098% | 4h | 0.7036 | +0.096% | $24.4M | $35.1M | 75x | as long as short |
| Hyperliquid ETHFIshort | +0.0100% | 1h | 0.7046 | +0.242% | $17.4M | $7.9M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7048 | +0.260% | $180K | $264K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7039 | +0.138% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7048 | +0.266% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7042 | +0.181% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7038 | +0.124% | $1.2M | $230K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7041 | +0.167% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7036 | +0.096% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7056 | +0.375% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7047 | +0.252% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7037 | +0.107% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0338% | 4h | 0.7044 | +0.210% | $1.2M | $245K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7096 | +0.949% | $31K | $6K | 50x | as long as short |
Binance ETHFIUSDT
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX