Funding you earn now, next payment 08:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.063%
Price spread now: Variational Omni against Hyperliquid−0.302%7-day average −0.463% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.302%, 7d avg −0.463%
=Together, before fees+0.072%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.161% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.302% now, against its 7-day average of −0.463%): +$16 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 4 days (−0.075% in total) that is about 7.8 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.075% in total (about -7.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LINEA | 0.002832 | 0.0312 | pay 0.0039% / 1h | 41m 43s | $2.7M | $316K | 3x |
| Short | Variational Omni LINEA | 0.002823 | 0.0100 | get 0.0050% / 4h | 41m 43s | $109K | $56K | — |
Hyperliquid LINEA
Variational Omni LINEAFunding 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
- −$44.54
- Price spread: −0.302% → −0.463%
- $16.14
- 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
- −$37.4
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 9 min ago; Variational Omni: RFQ quote, 62 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 Hyperliquid live order book, 9 min ago | 1.77 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 62 min ago | 10.66 bp | doesn't fit | 191.9 bp −$1,919 | doesn't fit | doesn't fit |
LINEA on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective LINEA/USDC PERP | +0.0033% | 1h | 0.002810 | −0.777% | $734 | $39K | 5.5x | as long as short |
| Lighter LINEA | +0.0096% | 1h | 0.002833 | +0.035% | $111K | $49K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002825 | −0.248% | $20K | $2K | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002823 | −0.318% | $4.0M | $4.0M | 50x | as long as short |
| Bybit LINEAUSDT | +0.0100% | 4h | 0.002821 | −0.388% | $2.9M | $867K | 50x | as long as short |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002822 | −0.353% | $1.2M | $987K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002825 | −0.247% | $228K | $84K | 50x | as long as short |
| MEXC LINEA_USDT | +0.0100% | 4h | 0.002824 | −0.282% | $3.9M | $1.1M | 100x | as long as short |
| KuCoin LINEAUSDTM | +0.0100% | 4h | 0.002826 | −0.212% | $509K | $73K | 50x | as long as short |
| Bitget LINEAUSDT | +0.0100% | 4h | 0.002827 | −0.177% | $1.1M | $450K | 50x | as long as short |
Injective LINEA/USDC PERP
Lighter LINEA
Aster LINEAUSDT
Binance LINEAUSDT
Bybit LINEAUSDT
OKX LINEA-USDT-SWAP
Gate LINEA_USDT
MEXC LINEA_USDT
KuCoin LINEAUSDTM
Bitget LINEAUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LINEA-USDT | +0.0100% | 4h | 0.002823 | −0.318% | — | $2.6M | — | as long as short |
| Backpack LINEA_USDC_PERP | +0.0100% | 1h | 0.002824 | −0.293% | $88K | $61K | 10x | as long as short |
| Variational Omni LINEAshort | +0.0100% | 4h | 0.002823 | −0.302% | $109K | $56K | — | |
| GRVT LINEA_USDT_Perp | +0.0100% | 4h | 0.002826 | −0.213% | $146K | $2.2M | 10x | as long as short |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002820 | −0.424% | $2K | $20K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002880 | +1.695% | $2K | $1.7M | 20x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002824 | −0.291% | $10K | $218K | 10x | as long as short |
| BloFin LINEA-USDT | +0.0142% | 4h | 0.002826 | −0.212% | $211K | $30K | 50x | as long as short |
| Reya LINEARUSDPERP | +0.0277% | 1h | 0.002824 | −0.269% | $4K | — | 3x | as long as short |
| Hyperliquid LINEAlong | +0.0312% | 1h | 0.002832 | long leg | $2.7M | $316K | 3x | |
| GMX LINEA/USD [ETH-USDC] | L +0.0449% / S −0.0179% | 1h | 0.002824 | −0.282% | $32K | — | 100x | as long as short |
BingX LINEA-USDT
Backpack LINEA_USDC_PERP
GRVT LINEA_USDT_Perp
ApeX Omni LINEAUSDT
SunX LINEA-USDT
Extended LINEA-USD
BloFin LINEA-USDT
Reya LINEARUSDPERP
GMX LINEA/USD [ETH-USDC]