Funding you earn now, next payment 03:00 UTC−0.0403%/8h= −44.2% APRpaid last 24h −0.066%
Price spread now: Variational Omni against Hyperliquid+0.205%7-day average −0.111% · 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)−0.103%−$10 on $10k
+Price spread, last 7 days−0.208%−$21 · spread now +0.205%, 7d avg −0.111%
=Together, before fees−0.311%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.316% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.205% now, against its 7-day average of −0.111%): +$32 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 3 days (−0.103% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.103% in total (about -11.0% 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 WLD | 0.4622 | 0.0503 | pay 0.0063% / 1h | 38m 27s | $51.4M | $42.9M | 10x |
| Short | Variational Omni WLD | 0.4632 | 0.0100 | get 0.0100% / 8h | 5h 38m | $2.1M | $1.8M | — |
Hyperliquid WLD
Variational Omni WLDFunding 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
- −$84.7
- Price spread: +0.205% → −0.111%
- $31.63
- 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
- −$62.06
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 5 min ago; Variational Omni: RFQ quote, 1 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, 5 min ago | 0.97 bp | 9.2 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 5.41 bp | doesn't fit | 20.6 bp −$206 | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0138% | 8h | 0.4630 | +0.171% | $58K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0037% | 8h | 0.4614 | −0.175% | $7.1M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4619 | −0.064% | $164K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4617 | −0.110% | $119K | $923K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4616 | −0.136% | $55K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0046% | 1h | 0.4617 | −0.110% | $267K | $187K | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0072% | 8h | 0.4615 | −0.154% | $28K | $893K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4619 | −0.074% | $176K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4622 | +0.006% | $48K | $511K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4616 | −0.133% | $87.7M | $324.8M | 75x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4615 | −0.154% | $65.9M | $87.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4615 | −0.154% | $34.8M | $148.5M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4616 | −0.132% | $7.2M | $36.8M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4616 | −0.132% | $45.4M | $54.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4613 | −0.197% | $30.6M | $29.4M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4616 | −0.132% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4616 | −0.130% | $137K | $288K | 10x | as long as short |
| Variational Omni WLDshort | +0.0100% | 8h | 0.4632 | +0.205% | $2.1M | $1.8M | — | |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4631 | +0.187% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4659 | +0.790% | $617K | $1.8M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4646 | +0.517% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4615 | −0.158% | $54K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4620 | −0.045% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4614 | −0.175% | $289 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4615 | −0.154% | $843K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4616 | −0.132% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4613 | −0.192% | $213K | $927K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4615 | −0.151% | $31K | $600 | 3x | as long as short |
| 01 Exchange WLDUSD | +0.0112% | 1h | 0.4619 | −0.071% | $330 | $80 | 5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4612 | −0.214% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0172% | 1h | 0.4639 | +0.374% | $5K | $57K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4613 | −0.197% | $5.0M | $800K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4615 | −0.159% | $5K | — | 100x | as long as short |
| Lighter WLD | +0.0288% | 1h | 0.4629 | +0.147% | $5.0M | $2.3M | 10x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0480% | 1h | 0.4640 | +0.387% | $276K | $1.7M | 50x | as long as short |
| Hyperliquid WLDlong | +0.0503% | 1h | 0.4622 | long leg | $51.4M | $42.9M | 10x | |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4650 | +0.604% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0897% | 1h | 0.4617 | −0.110% | $899K | $2.9M | 50x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
01 Exchange WLDUSD
Reya WLDRUSDPERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Lighter WLD
Coinbase International WLD-PERP-INTX
Injective WLD/USDC PERP
Kraken Futures PF_WLDUSD