Funding you earn now, next payment 00:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.028%
Price spread now: Hyperliquid against Variational Omni+0.543%7-day average +0.147% · 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)+0.030%+$3 on $10k
+Price spread, last 3 days (all we have)−0.471%−$47 · spread now +0.543%, 7d avg +0.147%
=Together, before fees−0.441%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.396% dearer against Variational Omni than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.147%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.030% in total (about 3.4% 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 | Variational Omni POL | 0.1123 | 0.0100 | pay 0.0050% / 4h | 56m 13s | $664K | $189K | — |
| Short | Hyperliquid POL | 0.1129 | 0.0371 | get 0.0046% / 1h | 56m 13s | $7.7M | $4.0M | 5x |
Variational Omni POL
Hyperliquid POLFunding 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
- $56.95
- Price spread: +0.543% → +0.147%
- $39.64
- 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
- $87.59
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 23 min ago; Hyperliquid: live order book, 6 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, 23 min ago | 4.44 bp | doesn't fit | 40.0 bp −$400 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.89 bp | 11.9 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
POL on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1122 | −0.107% | $205K | $236K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1128 | +0.422% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1127 | +0.324% | $3K | — | — | as long as short |
| Orderly PERP_POL_USDC | −0.0005% | 4h | 0.1127 | +0.312% | $11K | $194K | 20x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1127 | +0.361% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0017% | 1h | 0.1126 | +0.244% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −1.086% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1127 | +0.354% | $301K | $570K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1127 | +0.337% | $374K | $360K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1127 | +0.347% | $17.4M | $50.7M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
Orderly PERP_POL_USDC
gTrade (Gains Network) POL/USD
dYdX POL-USD
Injective POL/USDC PERP
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1126 | +0.267% | $16.3M | $15.5M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1127 | +0.303% | $5.8M | $12.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1127 | +0.294% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1127 | +0.347% | $24.2M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1127 | +0.338% | $2.8M | $1.0M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1127 | +0.338% | $4.2M | $5.8M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1127 | +0.303% | — | $7.2M | — | as long as short |
| Variational Omni POLlong | +0.0100% | 4h | 0.1123 | long leg | $664K | $189K | — | |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1126 | +0.209% | $1.1M | $3.3M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1126 | +0.249% | $199K | $657K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1127 | +0.310% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1126 | +0.206% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1127 | +0.372% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1127 | +0.294% | $915K | $170K | 75x | as long as short |
| Hyperliquid POLshort | +0.0371% | 1h | 0.1129 | +0.543% | $7.7M | $4.0M | 5x |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT