Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Hyperliquid−0.275%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.275% cheaper against Hyperliquid than usual: you would sell low and buy high, −$28 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INIT | 0.08274 | 0.0100 | pay 0.0013% / 1h | 54m 36s | $300K | $232K | 3x |
| Short | Variational Omni INIT | 0.08251 | 0.0100 | get 0.0050% / 4h | 2h 54m | $26K | $23K | — |
Hyperliquid INIT
Variational Omni INITFunding 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
- $0
- Price spread: −0.275% → 0.000%
- −$27.53
- 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
- −$36.53
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 55 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, 55 min ago | 6.83 bp | 36.2 bp −$36 | 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.
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | +0.0034% | 1h | 0.08263 | −0.138% | $5K | $17K | 10x | as long as short |
| BloFin INIT-USDT | +0.0044% | 4h | 0.08265 | −0.109% | $154K | $112K | 25x | as long as short |
| Hyperliquid INITlong | +0.0100% | 1h | 0.08274 | long leg | $300K | $232K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08273 | −0.012% | $27K | $37K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08275 | +0.007% | $3.4M | $3.7M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08263 | −0.133% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08269 | −0.060% | $136K | $646K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08271 | −0.036% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08271 | −0.036% | $449K | $210K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08268 | −0.073% | $329K | $54K | 25x | as long as short |
Kraken Futures PF_INITUSD
BloFin INIT-USDT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDT | +0.0100% | 4h | 0.08272 | −0.024% | $430K | $303K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08262 | −0.145% | — | $6.6M | — | as long as short |
| Variational Omni INITshort | +0.0100% | 4h | 0.08251 | −0.275% | $26K | $23K | — |
Bitget INITUSDT
BingX INIT-USDT