Funding you earn now, next payment 22:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.023%
Price spread now: Hyperliquid against Variational Omni+0.121%7-day average +0.047% · 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)+0.030%+$3 on $10k
+Price spread, last 7 days−0.096%−$10 · spread now +0.121%, 7d avg +0.047%
=Together, before fees−0.067%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.074% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni BTC | 86,584.3 | 0.0092 | pay 0.0092% / 8h | 2h 35m | $160.0M | $567.1M | — |
| Short | Hyperliquid BTC | 86,689 | 0.0100 | get 0.0013% / 1h | 35m 21s | $3.82B | $5.12B | 40x |
Variational Omni BTC
Hyperliquid BTCFunding 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
- $1.63
- Price spread: +0.121% → +0.047%
- $7.4
- 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
- $0.03
- Costs to cover
- 0.090%
- Break-even
- 6.9 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Hyperliquid: live order book, 9 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, 4 min ago | 0.52 bp | doesn't fit | 0.5 bp −$5 | 1.2 bp −$123 | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 4.6 bp −$462 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps BTCUSD | −0.0227% | 1h | 86,609.6 | +0.029% | $85K | $188K | 20x | as long as short |
| Perpl BTC | −0.0223% | 43m | 86,627.7 | +0.050% | $428K | $25.0M | 6.7x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,539 | −0.052% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0088% | 1h | 86,624.9 | +0.047% | $17.6M | $20.6M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,559 | −0.029% | $9K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,628.2 | +0.051% | $361K | $2.4M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,644.8 | +0.070% | $935.8M | $1.43B | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0001% | 8h | 86,609.4 | +0.029% | $844.2M | $704.5M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,635 | +0.059% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0008% | 8h | 86,589.9 | +0.006% | $505.6M | $1.16B | 200x | as long as short |
Aftermath Perps BTCUSD
Perpl BTC
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,617.9 | +0.039% | $6.7M | $144.3M | 40x | as long as short |
| BingX BTC-USDT | +0.0022% | 8h | 86,611.2 | +0.031% | — | $1.59B | — | as long as short |
| Bitget BTCUSDT | +0.0029% | 8h | 86,609.8 | +0.029% | $2.95B | $5.07B | 150x | as long as short |
| Phemex BTCUSDT | +0.0029% | 8h | 86,553.4 | −0.036% | $149.5M | $471.0M | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,610.8 | +0.031% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.171% | $315K | $26.8M | 52x | as long as short |
| MEXC BTC_USDT | +0.0051% | 8h | 86,621 | +0.042% | $5.19B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0052% | 8h | 86,612.8 | +0.033% | $9.44B | $24.31B | 150x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,616.1 | +0.037% | $9.2M | $42.0M | 25x | as long as short |
| OKX BTC-USDT-SWAP | +0.0070% | 8h | 86,614.8 | +0.035% | $2.56B | $12.70B | 100x | as long as short |
| Gate BTC_USDT | +0.0071% | 8h | 86,612.4 | +0.032% | $5.86B | $10.63B | 200x | as long as short |
| Bybit BTCUSDT | +0.0081% | 8h | 86,610.2 | +0.030% | $5.27B | $9.67B | 150x | as long as short |
| Variational Omni BTClong | +0.0092% | 8h | 86,584.3 | long leg | $160.0M | $567.1M | — | |
| Lighter BTC | +0.0096% | 1h | 86,618.5 | +0.039% | $172.1M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,624.2 | +0.046% | $24.0M | $153.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,607 | +0.026% | $8.5M | $52.1M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,681.3 | +0.112% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,588 | +0.004% | $195K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,595 | +0.012% | $21.6M | $235.4M | 50x | as long as short |
| Hyperliquid BTCshort | +0.0100% | 1h | 86,689 | +0.121% | $3.82B | $5.12B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 86,629.1 | +0.052% | $41.3M | $490.3M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,608 | +0.027% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,672.2 | +0.101% | $7.5M | $93.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,606.9 | +0.026% | $571.9M | $22.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,556.6 | −0.032% | $38.0M | $148.4M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,571.5 | −0.015% | $279.6M | $949.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,662 | +0.090% | $217.6M | $187.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,686.6 | +0.118% | $141.7M | $322.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,590.4 | +0.007% | $30.8M | $205.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,669.5 | +0.098% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,626 | +0.048% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,614 | +0.034% | $194K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,630.2 | +0.053% | $2.5M | $8.5M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,638.7 | +0.063% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,618.3 | +0.039% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,608.9 | +0.028% | $3.4M | $5.5M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,608 | +0.027% | $60.5M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,549.1 | −0.041% | $2.30B | $957.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,597.7 | +0.015% | $46.4M | $227.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,624.1 | +0.046% | — | $98.3M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,645.2 | +0.070% | $189.2M | $930.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,601.8 | +0.020% | $131.7M | $5.86B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0123% | 8h | 86,613 | +0.033% | $8.9M | $723.3M | 6.4x | as long as short |
| BloFin BTC-USDT | +0.0170% | 8h | 86,675.1 | +0.105% | $417.6M | $650.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0178% / S −0.0185% | 1h | 86,629.2 | +0.052% | $14.9M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 86,617.4 | +0.038% | $614K | $7.1M | 30x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDT
Bitget BTCUSDT
Phemex BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
MEXC BTC_USDT
Binance BTCUSDT
RISEx BTC/USDC
OKX BTC-USDT-SWAP
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P