Funding you earn now, next payment 01:00 UTC−0.0356%/8h= −38.9% APRpaid last 24h −0.014%
Price spread now: Variational Omni against Hyperliquid−0.303%7-day average −0.241% · 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)−0.041%−$4 on $10k
+Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.303%, 7d avg −0.241%
=Together, before fees+0.168%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Variational Omni is 0.062% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.241%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.041% in total (about -4.5% 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 ZORA | 0.008471 | 0.0456 | pay 0.0057% / 1h | 58m 41s | $1.6M | $315K | 3x |
| Short | Variational Omni ZORA | 0.008445 | 0.0100 | get 0.0050% / 4h | 3h 58m | $126K | $26K | — |
Hyperliquid ZORA
Variational Omni ZORAFunding 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
- −$74.66
- Price spread: −0.303% → −0.241%
- −$6.16
- 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
- −$89.83
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; Variational Omni: RFQ quote, 15 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, 2 min ago | 0.59 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 15 min ago | 5.34 bp | doesn't fit | 69.4 bp −$694 | doesn't fit | doesn't fit |
ZORA on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZORA-USD | 0.0000% | 1h | 0.008453 | −0.214% | $311 | $5 | 5x | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008450 | −0.248% | — | $6.6M | — | as long as short |
| Lighter ZORA | +0.0096% | 1h | 0.008444 | −0.319% | $21K | $11K | 3x | as long as short |
| Aster ZORAUSDT | +0.0100% | 4h | 0.008455 | −0.186% | $26K | $28K | 5x | as long as short |
| Binance ZORAUSDT | +0.0100% | 4h | 0.008456 | −0.177% | $2.5M | $4.0M | 50x | as long as short |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008444 | −0.319% | $2.3M | $1.7M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008446 | −0.295% | $769K | $991K | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008450 | −0.248% | $156K | $70K | 25x | as long as short |
| MEXC ZORA_USDT | +0.0100% | 4h | 0.008455 | −0.189% | $9.8M | $226K | 50x | as long as short |
| KuCoin ZORAUSDTM | +0.0100% | 4h | 0.008462 | −0.106% | $770K | $1.2M | 30x | as long as short |
dYdX ZORA-USD
BingX ZORA-USDT
Lighter ZORA
Aster ZORAUSDT
Binance ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDT
MEXC ZORA_USDT
KuCoin ZORAUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZORAUSDT | +0.0100% | 4h | 0.008462 | −0.106% | $728K | $217K | 25x | as long as short |
| Variational Omni ZORAshort | +0.0100% | 4h | 0.008445 | −0.303% | $126K | $26K | — | |
| SunX ZORA-USDT | +0.0100% | 4h | 0.008640 | +1.995% | $2K | $1.2M | 20x | as long as short |
| Extended ZORA-USD | +0.0104% | 1h | 0.008460 | −0.128% | $6K | $163K | 5x | as long as short |
| Backpack ZORA_USDC_PERP | +0.0161% | 1h | 0.008452 | −0.224% | $34K | $114K | 10x | as long as short |
| GMX ZORA/USD [ETH-USDC] | L +0.0230% / S −0.0433% | 1h | 0.008450 | −0.248% | $1K | — | 100x | as long as short |
| Hyperliquid ZORAlong | +0.0456% | 1h | 0.008471 | long leg | $1.6M | $315K | 3x |
Bitget ZORAUSDT
SunX ZORA-USDT
Extended ZORA-USD
Backpack ZORA_USDC_PERP
GMX ZORA/USD [ETH-USDC]