Funding you earn now, next payment 03:00 UTC−0.1178%/8h= −129.0% APRpaid last 24h −0.059%
Price spread now: Variational Omni against Hyperliquid−0.065%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Variational Omni is 0.065% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HEMI | 0.006528 | 0.1278 | pay 0.0160% / 1h | 34m 53s | $1.1M | $353K | 3x |
| Short | Variational Omni HEMI | 0.006524 | 0.0100 | get 0.0050% / 4h | 1h 34m | $23K | $3K | — |
Hyperliquid HEMI
Variational Omni HEMIFunding 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
- −$247.36
- Price spread: −0.065% → 0.000%
- −$6.54
- 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
- −$262.9
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Variational Omni: no order-book sample. 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, 5 min ago | 0.76 bp | 19.7 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HEMI on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX HEMI-USDT | +0.0070% | 4h | 0.006528 | 0.000% | — | $1.4M | — | as long as short |
| Aster HEMIUSDT | +0.0100% | 4h | 0.006534 | +0.092% | $74K | $41K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006518 | −0.153% | $1.7M | $1.5M | 25x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006533 | +0.077% | $845K | $1.7M | 20x | as long as short |
| Variational Omni HEMIshort | +0.0100% | 4h | 0.006524 | −0.065% | $23K | $3K | — | |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006669 | +2.160% | $1K | $1.2M | 20x | as long as short |
| MEXC HEMI_USDT | +0.0228% | 4h | 0.006534 | +0.092% | $1.7M | $285K | 50x | as long as short |
| Extended HEMI-USD | +0.0232% | 1h | 0.006534 | +0.095% | $17K | — | 5x | as long as short |
| Binance HEMIUSDT | +0.0234% | 4h | 0.006529 | +0.015% | $6.5M | $10.8M | 20x | as long as short |
| BloFin HEMI-USDT | +0.0275% | 4h | 0.006534 | +0.092% | $361K | $57K | 20x | as long as short |
BingX HEMI-USDT
Aster HEMIUSDT
Bybit HEMIUSDT
KuCoin HEMIUSDTM
SunX HEMI-USDT
MEXC HEMI_USDT
Extended HEMI-USD
Binance HEMIUSDT
BloFin HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDT | +0.0394% | 4h | 0.006534 | +0.092% | $507K | $285K | 20x | as long as short |
| Hyperliquid HEMIlong | +0.1278% | 1h | 0.006528 | long leg | $1.1M | $353K | 3x |
Gate HEMI_USDT