Funding you earn now, next payment 22:00 UTC+0.2351%/8h= +257.4% APRpaid last 24h +0.314%
Price spread now: Hyperliquid against Variational Omni−0.411%7-day average +0.264% · 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)+0.409%+$41 on $10k
+Price spread, last 3 days (all we have)+0.648%+$65 · spread now −0.411%, 7d avg +0.264%
=Together, before fees+1.057%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$106 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.675% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.411% now, against its 7-day average of +0.264%). If the spread goes back, that is −$67 on $10k: about 23 hours of funding at the current rate (+$71 a day). At the pace of the last 3 days (+0.409% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.409% in total (about 46.4% 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 | Variational Omni NIL | 0.06823 | 0.0100 | pay 0.0050% / 4h | 2h 51m | $50K | $155K | — |
| Short | Hyperliquid NIL | 0.06795 | 0.2451 | get 0.0306% / 1h | 51m 55s | $4.2M | $4.6M | 3x |
Variational Omni NIL
Hyperliquid NILFunding 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
- $493.7
- Price spread: −0.411% → +0.264%
- −$67.49
- 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
- $417.22
- Costs to cover
- 0.090%
- Break-even
- 1.1 days
Slippage unknown: Variational Omni: RFQ quote, 37 min ago; Hyperliquid: live order book, 10 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, 37 min ago | 6.69 bp | doesn't fit | 174.8 bp −$1,748 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 2.27 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
NIL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.0100% | 4h | 0.06775 | −0.715% | $20K | $370K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06780 | −0.637% | $5.4M | $85.4M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06788 | −0.520% | $3.5M | $14.8M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06778 | −0.666% | $443K | $2.1M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06763 | −0.886% | $2.3M | $6.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06780 | −0.637% | $484K | $720K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06785 | −0.564% | $1.7M | $9.7M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06783 | −0.593% | — | $8.7M | — | as long as short |
| Variational Omni NILlong | +0.0100% | 4h | 0.06823 | long leg | $50K | $155K | — | |
| Extended NIL-USD | +0.0104% | 1h | 0.06779 | −0.647% | $16K | $94K | 5x | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0120% | 4h | 0.06803 | −0.300% | $361K | $161K | 50x | as long as short |
| Hyperliquid NILshort | +0.2451% | 1h | 0.06795 | −0.411% | $4.2M | $4.6M | 3x |
BloFin NIL-USDT