Settings8H · net · $10k
Funding arb · Price arb /

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Variational Omni+0.161%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.161% dearer against Variational Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPER0.074490.0100pay 0.0050% / 4h1h 01m$7K$1K
ShortHyperliquid HYPER0.074620.0100get 0.0013% / 1h1m 40s$72K$120K3x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.161% → 0.000%
$16.12
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
$7.12
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 67 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell Hyperliquid live order book, 67 min ago1.55 bp19.2 bp −$19doesn't fitdoesn't fitdoesn't fit
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPER on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin HYPERUSDTM−0.0088%4h0.07447−0.033%$128K$93K30xas long as short
Hyperliquid HYPERshort+0.0100%1h0.07462+0.161%$72K$120K3x
Aster HYPERUSDT+0.0100%4h0.07464+0.198%$20K$4K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07461+0.154%$2.0M$2.1M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.07464+0.195%$1.2M$699K25xas long as short
Gate HYPER_USDT+0.0100%4h0.07460+0.141%$90K$46K50xas long as short
MEXC HYPER_USDT+0.0100%4h0.07461+0.154%$253K$132K20xas long as short
Bitget HYPERUSDT+0.0100%4h0.07463+0.181%$313K$260K50xas long as short
Variational Omni HYPERlong+0.0100%4h0.07449long leg$7K$1K
BloFin HYPER-USDT+0.0110%4h0.07454+0.060%$189K$22K50xas long as short