Funding you earn now, next payment 22:00 UTC−0.0675%/8h= −74.0% APRpaid last 24h −0.066%
Price spread now: Variational Omni against Hyperliquid−0.457%7-day average −0.200% · 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)−0.071%−$7 on $10k
+Price spread, last 3 days (all we have)+0.425%+$42 · spread now −0.457%, 7d avg −0.200%
=Together, before fees+0.354%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Variational Omni is 0.257% cheaper against Hyperliquid than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.200%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.071% in total (about -8.1% 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 EIGEN | 0.2402 | 0.0775 | pay 0.0097% / 1h | 48m 03s | $4.8M | $1.5M | 5x |
| Short | Variational Omni EIGEN | 0.2391 | 0.0100 | get 0.0050% / 4h | 2h 48m | $201K | $152K | — |
Hyperliquid EIGEN
Variational Omni EIGENFunding 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
- −$141.84
- Price spread: −0.457% → −0.200%
- −$25.73
- 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
- −$176.57
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Variational Omni: RFQ quote, 41 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, 4 min ago | 2.09 bp | 23.8 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 41 min ago | 8.22 bp | doesn't fit | 49.3 bp −$493 | doesn't fit | doesn't fit |
EIGEN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange EIGENUSD | −0.0040% | 1h | 0.2395 | −0.291% | $812 | $5K | 10x | as long as short |
| dYdX EIGEN-USD | 0.0000% | 1h | 0.2393 | −0.375% | $3K | — | 5x | as long as short |
| Deribit EIGEN_USDC-PERPETUAL | 0.0000% | 1h | 0.2397 | −0.229% | — | $86 | 10x | as long as short |
| Injective EIGEN/USDC PERP | +0.0033% | 1h | 0.2438 | +1.499% | $6 | $6 | 5.5x | as long as short |
| Bybit EIGENUSDT | +0.0047% | 4h | 0.2396 | −0.250% | $9.6M | $8.0M | 50x | as long as short |
| Nado EIGEN-PERP | +0.0100% | 1h | 0.2397 | −0.187% | $29K | $16K | 3x | as long as short |
| Aster EIGENUSDT | +0.0100% | 4h | 0.2397 | −0.200% | $44K | $24K | 5x | as long as short |
| Binance EIGENUSDT | +0.0100% | 4h | 0.2396 | −0.250% | $8.2M | $20.1M | 75x | as long as short |
| OKX EIGEN-USDT-SWAP | +0.0100% | 4h | 0.2393 | −0.375% | $1.6M | $5.0M | 20x | as long as short |
| Gate EIGEN_USDT | +0.0100% | 4h | 0.2394 | −0.333% | $716K | $672K | 50x | as long as short |
01 Exchange EIGENUSD
dYdX EIGEN-USD
Deribit EIGEN_USDC-PERPETUAL
Injective EIGEN/USDC PERP
Bybit EIGENUSDT
Nado EIGEN-PERP
Aster EIGENUSDT
Binance EIGENUSDT
OKX EIGEN-USDT-SWAP
Gate EIGEN_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EIGEN_USDT | +0.0100% | 4h | 0.2396 | −0.250% | $8.4M | $2.2M | 125x | as long as short |
| KuCoin EIGENUSDTM | +0.0100% | 4h | 0.2397 | −0.208% | $2.3M | $10.8M | 50x | as long as short |
| Bitget EIGENUSDT | +0.0100% | 4h | 0.2395 | −0.291% | $1.9M | $1.4M | 75x | as long as short |
| BingX EIGEN-USDT | +0.0100% | 4h | 0.2396 | −0.250% | — | $1.6M | — | as long as short |
| Variational Omni EIGENshort | +0.0100% | 4h | 0.2391 | −0.457% | $201K | $152K | — | |
| GRVT EIGEN_USDT_Perp | +0.0100% | 4h | 0.2392 | −0.436% | $187K | $2.1M | 10x | as long as short |
| ApeX Omni EIGENUSDT | +0.0100% | 1h | 0.2390 | −0.500% | $36K | $235K | 50x | as long as short |
| Orderly PERP_EIGEN_USDC_mythos | +0.0100% | 4h | 0.2396 | −0.250% | $2K | $2K | 10x | as long as short |
| Extended EIGEN-USD | +0.0104% | 1h | 0.2395 | −0.272% | $90K | $496K | 10x | as long as short |
| BloFin EIGEN-USDT | +0.0113% | 4h | 0.2391 | −0.458% | $350K | $135K | 75x | as long as short |
| Coinbase International EIGEN-PERP-INTX | +0.0144% | 1h | 0.2399 | −0.146% | $42K | $159K | 50x | as long as short |
| GMX EIGEN/USD [ETH-USDC] | L +0.0194% / S −0.0568% | 1h | 0.2396 | −0.244% | $2K | — | 100x | as long as short |
| Kraken Futures PF_EIGENUSD | +0.0312% | 1h | 0.2400 | −0.086% | $174K | $67K | 20x | as long as short |
| Reya EIGENRUSDPERP | +0.0511% | 1h | 0.2396 | −0.256% | $836 | — | 15x | as long as short |
| Lighter EIGEN | +0.0672% | 1h | 0.2401 | −0.025% | $578K | $392K | 5x | as long as short |
| Hyperliquid EIGENlong | +0.0775% | 1h | 0.2402 | long leg | $4.8M | $1.5M | 5x |
MEXC EIGEN_USDT
KuCoin EIGENUSDTM
Bitget EIGENUSDT
BingX EIGEN-USDT
GRVT EIGEN_USDT_Perp
ApeX Omni EIGENUSDT
Orderly PERP_EIGEN_USDC_mythos
Extended EIGEN-USD
BloFin EIGEN-USDT
Coinbase International EIGEN-PERP-INTX
GMX EIGEN/USD [ETH-USDC]
Kraken Futures PF_EIGENUSD
Reya EIGENRUSDPERP
Lighter EIGEN