Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Hyperliquid−0.189%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.189% cheaper against Hyperliquid than usual: you would sell low and buy high, −$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 | Hyperliquid USUAL | 0.01354 | 0.0100 | pay 0.0013% / 1h | 29m 44s | $387K | $231K | 3x |
| Short | Variational Omni USUAL | 0.01351 | 0.0100 | get 0.0050% / 4h | 2h 29m | $9K | $208 | — |
Hyperliquid USUAL
Variational Omni USUALFunding 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
- $0
- Price spread: −0.189% → 0.000%
- −$18.91
- 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
- −$27.91
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 54 min ago; Variational Omni: no order-book sample. 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, 54 min ago | 7.38 bp | 29.9 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni no order-book sample | — | — | — | — | — |
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.
USUAL on 11 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 USUAL/USDC PERP | −0.4964% | 1h | 0.01332 | −1.625% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0746% | 1h | 0.01353 | −0.100% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUALlong | +0.0100% | 1h | 0.01354 | long leg | $387K | $231K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01353 | −0.059% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01355 | +0.044% | $996K | $945K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01353 | −0.074% | $903K | $251K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01353 | −0.052% | $5.9M | $267K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01357 | +0.222% | $280K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01354 | 0.000% | $820K | $506K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01354 | −0.037% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUALshort | +0.0100% | 4h | 0.01351 | −0.189% | $9K | $208 | — |