Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: Polymarket Perps against Variational Omni−0.165%7-day average −0.020% · 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)−0.014%−$1 on $10k
+Price spread, last 7 days+0.209%+$21 · spread now −0.165%, 7d avg −0.020%
=Together, before fees+0.194%+ Points / potential airdropVariational Omni: Active · farm board+$19 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: Polymarket Perps is 0.145% cheaper against Variational Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni HYPE | 93.561 | 0.0100 | pay 0.0100% / 8h | 2h 12m | $29.2M | $50.1M | — |
| Short | Polymarket Perps HYPE-USD | 93.406 | 0.0100 | get 0.0013% / 1h | 12m 03s | $493K | $2.6M | 20x |
Variational Omni HYPE
Polymarket Perps HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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: −0.165% → −0.020%
- −$14.52
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$22.52
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Polymarket Perps: live order book, 2 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, 2 min ago | 0.44 bp | doesn't fit | 0.7 bp −$7 | 10.5 bp −$1,053 | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 1.71 bp | 7.0 bp −$7 | 9.4 bp −$94 | 28.4 bp −$2,836 | doesn't fit |
HYPE on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.0928% | 1h | 93.452 | −0.116% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0263% | 1h | 93.583 | +0.023% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0234% | 1h | 93.410 | −0.161% | $702K | $932K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.359 | −0.216% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.364 | −0.210% | $90K | $348K | 20x | as long as short |
| Derive HYPE-PERP | −0.0025% | 1h | 93.309 | −0.269% | $16.4M | $7.1M | 10x | as long as short |
| Bullet HYPE-USD | −0.0019% | 1h | 93.364 | −0.210% | $111K | $581K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.459 | −0.109% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.395 | −0.178% | $23K | $337K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.391 | −0.181% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Derive HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0015% | 4h | 93.332 | −0.245% | $8.9M | $35.8M | 300x | as long as short |
| Gate HYPE_USDT | +0.0024% | 4h | 93.327 | −0.250% | $43.9M | $57.6M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0033% | 8h | 93.330 | −0.247% | $325.1M | $287.0M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0040% | 1h | 93.347 | −0.229% | $58K | $1.2M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0057% | 4h | 93.357 | −0.218% | $162K | $541K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.605 | +0.047% | $216K | $1.2M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.376 | −0.197% | $18.6M | $59.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.367 | −0.207% | $3.1M | $12.4M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.377 | −0.196% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.380 | −0.193% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.345 | −0.231% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.447 | −0.122% | $2.04B | $670.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.376 | −0.198% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.322 | −0.255% | $385.3M | $889.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.325 | −0.252% | $114.6M | $315.1M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.337 | −0.239% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.690 | +0.138% | $205K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.333 | −0.243% | $93.4M | $82.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.334 | −0.242% | $46.3M | $18.7M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.341 | −0.235% | $226.8M | $102.5M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.334 | −0.242% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.378 | −0.195% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPElong | +0.0100% | 8h | 93.561 | long leg | $29.2M | $50.1M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.632 | +0.077% | $7.5M | $45.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.558 | −0.003% | $406K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.510 | −0.054% | $676K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.415 | −0.156% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USDshort | +0.0100% | 1h | 93.406 | −0.165% | $493K | $2.6M | 20x | |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.346 | −0.230% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.409 | −0.162% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.328 | −0.249% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.380 | −0.193% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.316 | −0.261% | $18.3M | $41.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.402 | −0.169% | $397K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0112% | 8h | 93.442 | −0.127% | $1.9M | $5.3M | 2.3x | as long as short |
| edgeX HYPEUSDC | +0.0118% | 4h | 93.534 | −0.028% | $5.1M | $29.7M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.430 | −0.140% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.348 | −0.227% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.400 | −0.172% | $30K | $291K | 12x | as long as short |
| HTX HYPE-USDT | +0.0296% | 4h | 93.550 | −0.012% | $1.5M | $7.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0328% | 1h | 93.457 | −0.111% | $7.4M | $4.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.405 | −0.167% | $17.1M | $12.4M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0346% / S −0.0171% | 1h | 93.401 | −0.171% | $1.5M | — | 100x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.422 | −0.148% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.449 | −0.119% | $19.1M | $26.1M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Popdex HYPEUSDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD