Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%
Price spread now: Variational Omni against Hyperliquid−0.129%7-day average −0.080% · 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)−0.062%−$6 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now −0.129%, 7d avg −0.080%
=Together, before fees+0.031%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$3 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: Variational Omni is 0.049% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETHFI | 0.7133 | 0.0100 | pay 0.0013% / 1h | 53m 36s | $18.1M | $8.9M | 5x |
| Short | Variational Omni ETHFI | 0.7124 | 0.0100 | get 0.0050% / 4h | 1h 53m | $1.0M | $746K | — |
Hyperliquid ETHFI
Variational Omni ETHFIFunding 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
- $0
- Price spread: −0.129% → −0.080%
- −$4.93
- 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
- −$13.93
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Variational Omni: RFQ quote, just now. 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, 9 min ago | 1.62 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 4.20 bp | doesn't fit | 40.6 bp −$406 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0590% | 1h | 0.7137 | +0.055% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0253% | 1h | 0.7150 | +0.232% | $281K | $145K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0200% | 4h | 0.7120 | −0.184% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0173% | 4h | 0.7135 | +0.027% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.499% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0041% | 8h | 0.7125 | −0.115% | $6K | — | 5x | as long as short |
| Bitget ETHFIUSDT | +0.0060% | 4h | 0.7122 | −0.156% | $6.1M | $5.7M | 75x | as long as short |
| Binance ETHFIUSDT | +0.0079% | 4h | 0.7125 | −0.116% | $24.8M | $37.1M | 75x | as long as short |
| Extended ETHFI-USD | +0.0080% | 1h | 0.7124 | −0.133% | $92K | $495K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0080% | 4h | 0.7125 | −0.114% | $15.1M | $3.8M | 125x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Bitget ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7132 | −0.021% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFIlong | +0.0100% | 1h | 0.7133 | long leg | $18.1M | $8.9M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7135 | +0.027% | $182K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7133 | −0.001% | $18.2M | $12.9M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7129 | −0.057% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7138 | +0.069% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7133 | −0.001% | $1.2M | $270K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7131 | −0.029% | — | $25.9M | — | as long as short |
| Variational Omni ETHFIshort | +0.0100% | 4h | 0.7124 | −0.129% | $1.0M | $746K | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7138 | +0.076% | $60K | $85K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7142 | +0.125% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7127 | −0.086% | $8K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7147 | +0.195% | $31K | $8K | 50x | as long as short |
| BloFin ETHFI-USDT | +0.0312% | 4h | 0.7135 | +0.027% | $1.3M | $292K | 75x | as long as short |
Lighter ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
BloFin ETHFI-USDT