Funding you earn now, next payment 00:00 UTC−0.0568%/8h= −62.2% APRpaid last 24h −0.261%
Price spread now: Variational Omni against Hyperliquid−0.455%7-day average −0.258% · 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)−0.330%−$33 on $10k
+Price spread, last 3 days (all we have)+0.297%+$30 · spread now −0.455%, 7d avg −0.258%
=Together, before fees−0.033%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Variational Omni is 0.198% cheaper against Hyperliquid than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.258%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POPCAT | 0.05635 | 0.0668 | pay 0.0084% / 1h | 1m 06s | $2.6M | $1.0M | 3x |
| Short | Variational Omni POPCAT | 0.05609 | 0.0100 | get 0.0050% / 4h | 1m 06s | $510K | $172K | — |
Hyperliquid POPCAT
Variational Omni POPCATFunding 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
- −$119.36
- Price spread: −0.455% → −0.258%
- −$19.77
- 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
- −$148.13
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Variational Omni: RFQ quote, 13 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 | 2.13 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 13 min ago | 6.23 bp | doesn't fit | 98.8 bp −$988 | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.4208% | 1h | 0.05563 | −1.276% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0967% | 1h | 0.05623 | −0.208% | $147K | $139K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05620 | −0.256% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05623 | −0.211% | $101K | $46K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05624 | −0.194% | $2.3M | $6.6M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05613 | −0.389% | $8.9M | $6.1M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05620 | −0.264% | $700K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05620 | −0.264% | $429K | $645K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05623 | −0.211% | $1.8M | $942K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05623 | −0.211% | $1.1M | $986K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05619 | −0.282% | $1.2M | $926K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05619 | −0.282% | — | $6.8M | — | as long as short |
| Variational Omni POPCATshort | +0.0100% | 4h | 0.05609 | −0.455% | $510K | $172K | — | |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05620 | −0.264% | $23K | $649K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05621 | −0.248% | $99K | $440K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0132% | 4h | 0.05630 | −0.086% | $245K | $493K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05621 | −0.247% | $125K | $294K | 50x | as long as short |
| Hyperliquid POPCATlong | +0.0668% | 1h | 0.05635 | long leg | $2.6M | $1.0M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT