Funding you earn now, next payment 01:00 UTC+0.1099%/8h= +120.3% APRpaid last 24h +0.196%
Price spread now: Hyperliquid against Variational Omni−0.569%7-day average +0.069% · 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)+0.200%+$20 on $10k
+Price spread, last 3 days (all we have)+0.535%+$53 · spread now −0.569%, 7d avg +0.069%
=Together, before fees+0.734%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$73 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.638% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.569% now, against its 7-day average of +0.069%). If the spread goes back, that is −$64 on $10k: about 46 hours of funding at the current rate (+$33 a day). At the pace of the last 3 days (+0.200% 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 0.200% in total (about 21.6% 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 ZETA | 0.05896 | −0.1576 | get 0.0788% / 4h | 3h 07m | $110K | $748K | — |
| Short | Hyperliquid ZETA | 0.05862 | −0.0477 | pay 0.0060% / 1h | 7m 00s | $1.6M | $3.9M | 3x |
Variational Omni ZETA
Hyperliquid ZETAFunding 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
- $230.71
- Price spread: −0.569% → +0.069%
- −$63.76
- 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
- $157.95
- Costs to cover
- 0.090%
- Break-even
- 2.2 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Hyperliquid: live order book, 5 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, 2 min ago | 7.69 bp | doesn't fit | 108.5 bp −$1,085 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 4.24 bp | 25.5 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
ZETA on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZETA_USDT | −0.2780% | 4h | 0.05860 | −0.603% | $608K | $10.2M | 25x | as long as short |
| Kraken Futures PF_ZETAUSD | −0.2770% | 1h | 0.05879 | −0.283% | $48K | $712K | 10x | as long as short |
| MEXC ZETA_USDT | −0.2042% | 4h | 0.05860 | −0.603% | $1.1M | $12.2M | 50x | as long as short |
| Binance ZETAUSDT | −0.2041% | 4h | 0.05857 | −0.658% | $8.1M | $331.8M | 50x | as long as short |
| BloFin ZETA-USDT | −0.2038% | 4h | 0.05878 | −0.297% | $391K | $1.2M | 50x | as long as short |
| BingX ZETA-USDT | −0.1952% | 4h | 0.05857 | −0.653% | — | $7.2M | — | as long as short |
| OKX ZETA-USDT-SWAP | −0.1946% | 4h | 0.05852 | −0.738% | $1.1M | $50.3M | 20x | as long as short |
| KuCoin ZETAUSDTM | −0.1874% | 4h | 0.05870 | −0.433% | $1.2M | $5.5M | 20x | as long as short |
| Variational Omni ZETAlong | −0.1576% | 4h | 0.05896 | long leg | $110K | $748K | — | |
| Bybit ZETAUSDT | −0.1345% | 4h | 0.05849 | −0.789% | $5.1M | $85.7M | 25x | as long as short |
Gate ZETA_USDT
Kraken Futures PF_ZETAUSD
MEXC ZETA_USDT
Binance ZETAUSDT
BloFin ZETA-USDT
BingX ZETA-USDT
OKX ZETA-USDT-SWAP
KuCoin ZETAUSDTM
Bybit ZETAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETAshort | −0.0477% | 1h | 0.05862 | −0.569% | $1.6M | $3.9M | 3x | |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +9.575% | $1K | $5K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05855 | −0.687% | $2.2M | $63.9M | 50x | as long as short |
Injective ZETA/USDC PERP
Bitget ZETAUSDT