Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Variational Omni+0.185%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.185% dearer against Variational Omni than usual: you sell high and buy low, +$19 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 | Variational Omni INIT | 0.08274 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $26K | $23K | — |
| Short | Hyperliquid INIT | 0.08289 | 0.0100 | get 0.0013% / 1h | 9m 48s | $301K | $229K | 3x |
Variational Omni INIT
Hyperliquid INITFunding 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
- $0
- Price spread: +0.185% → 0.000%
- $18.55
- 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
- $9.55
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 30 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 no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 30 min ago | 1.14 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | +0.0034% | 1h | 0.08288 | +0.170% | $5K | $17K | 10x | as long as short |
| Hyperliquid INITshort | +0.0100% | 1h | 0.08289 | +0.185% | $301K | $229K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08290 | +0.198% | $27K | $37K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08288 | +0.164% | $3.4M | $3.7M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08276 | +0.024% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08305 | +0.374% | $139K | $657K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08287 | +0.156% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08287 | +0.156% | $449K | $213K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08283 | +0.108% | $330K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08287 | +0.156% | $431K | $303K | 25x | as long as short |
Kraken Futures PF_INITUSD
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08286 | +0.144% | — | $6.6M | — | as long as short |
| Variational Omni INITlong | +0.0100% | 4h | 0.08274 | long leg | $26K | $23K | — |
BingX INIT-USDT