Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Variational Omni against dYdX+0.024%53s7-day average −0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.024%, 7d avg −0.031%
=Together, before fees−0.044%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.056% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.031%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX HYPE-USD | 94.005 | 0 | get 0.0000% / 1h | 57m 46s | $129K | $29K | 5x |
| Short | Variational Omni HYPE | 94.028 | 0.0100 | get 0.0100% / 8h | 1h 57m | $28.8M | $56.5M | — |
dYdX HYPE-USD
Variational Omni HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against dYdX. 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
- $21
- Price spread: +0.024% → −0.031%
- $5.59
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $16.59
- Costs to cover
- 0.100%
- Break-even
- 1.5 days
Slippage unknown: dYdX: live order book, 51 min ago; Variational Omni: RFQ quote, 1 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 dYdX live order book, 51 min ago | 36.06 bp | 41.1 bp −$41 | 48.2 bp −$482 | 123.1 bp −$12.3K | 1048.6 bp −$524.3K |
| Sell Variational Omni RFQ quote, 1 min ago | 0.45 bp | doesn't fit | 6.3 bp −$63 | 22.9 bp −$2,288 | doesn't fit |
HYPE on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1256% | 1h | 93.851 | −0.163% | $200K | $242K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0276% | 1h | 94.143 | +0.147% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.992 | −0.013% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.848 | −0.167% | $86K | $372K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0016% | 4h | 93.764 | −0.256% | $150K | $680K | 20x | as long as short |
| dYdX HYPE-USDlong | 0.0000% | 1h | 94.005 | long leg | $129K | $29K | 5x | |
| Perpl HYPE | 0.0000% | 43m | 93.809 | −0.208% | $22K | $285K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.828 | −0.188% | $63K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0014% | 4h | 93.888 | −0.124% | — | $53.8M | — | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.880 | −0.133% | $317.3M | $287.3M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix HYPE | +0.0026% | 1h | 94.145 | +0.149% | $209K | $1.1M | 10x | as long as short |
| Bluefin HYPE-PERP | +0.0027% | 1h | 93.785 | −0.234% | $79K | $166K | 20x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.877 | −0.136% | $226.3M | $99.3M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0054% | 8h | 93.817 | −0.200% | $12.8M | $2.8M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0080% | 4h | 94.128 | +0.131% | $5.0M | $30.5M | 30x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.952 | −0.056% | $1.0M | $4.0M | 10x | as long as short |
| SoDEX HYPE-USD | +0.0088% | 1h | 93.785 | −0.234% | $2.0M | $1.9M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 94.023 | +0.020% | $342K | $158K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.836 | −0.179% | $16.2M | $63.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.823 | −0.193% | $3.1M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.893 | −0.119% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.910 | −0.101% | $22K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.778 | −0.241% | $6.1M | $50.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.950 | −0.058% | $2.06B | $683.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.891 | −0.121% | $8.9M | $37.2M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.020 | +0.017% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.823 | −0.193% | $377.1M | $928.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.873 | −0.140% | $115.9M | $316.9M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0100% | 1h | 93.920 | −0.090% | $709K | $1.2M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.213 | +0.222% | $217K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.880 | −0.133% | $48.3M | $54.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.879 | −0.134% | $88.0M | $82.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.891 | −0.121% | $46.3M | $18.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.799 | −0.219% | $7.2M | $10.8M | 20x | as long as short |
| Variational Omni HYPEshort | +0.0100% | 8h | 94.028 | +0.024% | $28.8M | $56.5M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.099 | +0.100% | $7.7M | $48.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.152 | +0.157% | $344K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.969 | −0.038% | $681K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.931 | −0.079% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.907 | −0.104% | $477K | $2.8M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.812 | −0.205% | $112K | $581K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.782 | −0.237% | $16.4M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.888 | −0.124% | $32K | $1.6M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.950 | −0.058% | $1.4M | $6.7M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.858 | −0.156% | $18.3M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.797 | −0.221% | $396K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0111% | 8h | 93.863 | −0.151% | $1.8M | $5.6M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.830 | −0.186% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.860 | −0.154% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0270% | 1h | 93.797 | −0.221% | $77K | $130K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0315% | 1h | 93.880 | −0.133% | $7.4M | $4.2M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.835 | −0.181% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.949 | −0.059% | $17.0M | $12.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0414% | 1h | 93.840 | −0.175% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.978 | −0.029% | $3.2M | $6.4M | 20x | as long as short |
Phoenix HYPE
Bluefin HYPE-PERP
Bitget HYPEUSDT
Phemex HYPEUSDT
edgeX HYPEUSDC
Arcus HYPE-USD
SoDEX HYPE-USD
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Ondo Perps HYPE-USD.P
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bullet HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC