Funding you earn now, next payment 01:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.076%
Price spread now: Variational Omni against Hyperliquid−0.119%7-day average +0.005% · 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)−0.260%−$26 on $10k
+Price spread, last 3 days (all we have)+0.169%+$17 · spread now −0.119%, 7d avg +0.005%
=Together, before fees−0.092%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.124% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SAND | 0.04200 | −0.0250 | get 0.0031% / 1h | 10m 53s | $579K | $455K | 5x |
| Short | Variational Omni SAND | 0.04195 | −0.0295 | pay 0.0295% / 8h | 7h 10m | $115K | $5K | — |
Hyperliquid SAND
Variational Omni SANDFunding 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
- −$9.3
- Price spread: −0.119% → +0.005%
- −$12.43
- 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
- −$30.73
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 49 min ago; Variational Omni: RFQ quote, 63 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, 49 min ago | 2.04 bp | 25.7 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 63 min ago | 6.00 bp | doesn't fit | 22.8 bp −$228 | doesn't fit | doesn't fit |
SAND on 15 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_SANDUSD | −0.0758% | 1h | 0.04202 | +0.049% | $156K | $118K | 25x | as long as short |
| Variational Omni SANDshort | −0.0295% | 8h | 0.04195 | −0.119% | $115K | $5K | — | |
| Hyperliquid SANDlong | −0.0250% | 1h | 0.04200 | long leg | $579K | $455K | 5x | |
| Bybit SANDUSDT | −0.0220% | 8h | 0.04200 | −0.007% | $3.4M | $3.4M | 75x | as long as short |
| Aster SANDUSDT | −0.0134% | 8h | 0.04196 | −0.095% | $14K | $17K | 10x | as long as short |
| BloFin SAND-USDT | −0.0050% | 8h | 0.04192 | −0.198% | $319K | $293K | 75x | as long as short |
| Bitget SANDUSDT | −0.0044% | 8h | 0.04196 | −0.102% | $1.7M | $576K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0035% | 8h | 0.04192 | −0.198% | $2.6M | $373K | 50x | as long as short |
| Extended SAND-USD | −0.0032% | 1h | 0.04197 | −0.078% | $4K | $174K | 10x | as long as short |
| Binance SANDUSDT | −0.0030% | 8h | 0.04202 | +0.040% | $6.5M | $12.2M | 75x | as long as short |
Kraken Futures PF_SANDUSD
Bybit SANDUSDT
Aster SANDUSDT
BloFin SAND-USDT
Bitget SANDUSDT
KuCoin SANDUSDTM
Extended SAND-USD
Binance SANDUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SAND_USDT | −0.0030% | 8h | 0.04202 | +0.040% | $11.7M | $1.8M | 200x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −1.697% | $757 | $795 | 5.5x | as long as short |
| OKX SAND-USDT-SWAP | +0.0100% | 8h | 0.04201 | +0.017% | $1.7M | $3.3M | 50x | as long as short |
| Gate SAND_USDT | +0.0100% | 8h | 0.04202 | +0.040% | $505K | $588K | 75x | as long as short |
| BingX SAND-USDT | +0.0100% | 8h | 0.04202 | +0.040% | — | $2.4M | — | as long as short |
MEXC SAND_USDT
Injective SAND/USDC PERP
OKX SAND-USDT-SWAP
Gate SAND_USDT
BingX SAND-USDT