Funding you earn now, next payment 23:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h −0.028%
Price spread now: Variational Omni against Hyperliquid−0.092%7-day average −0.147% · 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)−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.092%, 7d avg −0.147%
=Together, before fees−0.010%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.054% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.092% now, against its 7-day average of −0.147%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 3 days (−0.030% in total) that is about 5.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POL | 0.1126 | 0.0233 | pay 0.0029% / 1h | 12m 11s | $7.6M | $4.6M | 5x |
| Short | Variational Omni POL | 0.1125 | 0.0100 | get 0.0050% / 4h | 1h 12m | $664K | $193K | — |
Hyperliquid POL
Variational Omni POLFunding 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
- −$27.87
- Price spread: −0.092% → −0.147%
- $5.44
- 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
- −$31.43
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Variational Omni: RFQ quote, 7 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, 10 min ago | 0.88 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 7 min ago | 4.44 bp | doesn't fit | 40.0 bp −$400 | doesn't fit | doesn't fit |
POL on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.0162% | 1h | 0.1111 | −1.315% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1122 | −0.338% | $205K | $236K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1124 | −0.143% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0012% | 4h | 0.1123 | −0.231% | $11K | $197K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1123 | −0.240% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1124 | −0.163% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0014% | 1h | 0.1124 | −0.161% | $17K | $3K | 5x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1124 | −0.179% | $300K | $577K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1123 | −0.214% | $376K | $360K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1123 | −0.216% | $17.4M | $51.1M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX POL-USD
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1123 | −0.284% | $16.2M | $15.6M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1123 | −0.222% | $5.8M | $12.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1124 | −0.169% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1123 | −0.222% | $23.7M | $3.9M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1123 | −0.240% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1124 | −0.204% | $4.2M | $5.8M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1123 | −0.222% | — | $1.6M | — | as long as short |
| Variational Omni POLshort | +0.0100% | 4h | 0.1125 | −0.092% | $664K | $193K | — | |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1126 | −0.021% | $1.1M | $3.3M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1125 | −0.071% | $199K | $659K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1123 | −0.231% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1123 | −0.293% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1124 | −0.162% | $3K | — | 100x | as long as short |
| Hyperliquid POLlong | +0.0233% | 1h | 0.1126 | long leg | $7.6M | $4.6M | 5x | |
| BloFin POL-USDT | +0.0340% | 4h | 0.1125 | −0.044% | $915K | $170K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT