Funding you earn now, next payment 01:00 UTC+0.1401%/8h= +153.4% APRpaid last 24h +0.258%
Price spread now: Hyperliquid against Variational Omni+0.583%7-day average +0.261% · 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)+0.334%+$33 on $10k
+Price spread, last 3 days (all we have)−0.410%−$41 · spread now +0.583%, 7d avg +0.261%
=Together, before fees−0.076%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Hyperliquid is 0.322% dearer against Variational Omni than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.261%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.334% in total (about 36.1% 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 POPCAT | 0.05666 | 0.0100 | pay 0.0050% / 4h | 3h 08m | $514K | $163K | — |
| Short | Hyperliquid POPCAT | 0.05699 | 0.1501 | get 0.0188% / 1h | 8m 53s | $2.6M | $968K | 3x |
Variational Omni POPCAT
Hyperliquid POPCATFunding 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
- $294.21
- Price spread: +0.583% → +0.261%
- $32.16
- 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
- $317.37
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 65 min ago; Hyperliquid: 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, 65 min ago | 6.23 bp | doesn't fit | 81.0 bp −$810 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 2.46 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.4945% | 1h | 0.05301 | −6.443% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0391% | 1h | 0.05687 | +0.374% | $151K | $144K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05681 | +0.257% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05684 | +0.317% | $102K | $46K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05685 | +0.334% | $2.3M | $6.7M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05671 | +0.087% | $9.0M | $6.2M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05680 | +0.246% | $706K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05682 | +0.281% | $457K | $649K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05686 | +0.352% | $1.9M | $953K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05680 | +0.246% | $1.1M | $988K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05683 | +0.299% | $1.2M | $932K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05680 | +0.246% | — | $6.8M | — | as long as short |
| Variational Omni POPCATlong | +0.0100% | 4h | 0.05666 | long leg | $514K | $163K | — | |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05690 | +0.422% | $23K | $652K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05681 | +0.263% | $97K | $523K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0156% | 4h | 0.05682 | +0.281% | $246K | $481K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05682 | +0.281% | $125K | $298K | 50x | as long as short |
| Hyperliquid POPCATshort | +0.1501% | 1h | 0.05699 | +0.583% | $2.6M | $968K | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT