Funding you earn now, next payment 21:00 UTC−0.1394%/8h= −152.7% APRpaid last 24h −0.216%
Price spread now: Variational Omni against Hyperliquid+0.096%7-day average −0.287% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.512%−$51 on $10k
+Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.096%, 7d avg −0.287%
=Together, before fees−0.674%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$67 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.383% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of −0.287%): +$38 on $10k if it goes back. Holding the pair costs −$42 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 3 days (−0.512% in total) that is about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid RENDER | 1.8497 | 0.1316 | pay 0.0165% / 1h | 29m 48s | $4.2M | $4.3M | 5x |
| Short | Variational Omni RENDER | 1.8515 | −0.0078 | pay 0.0039% / 4h | 3h 29m | $222K | $254K | — |
Hyperliquid RENDER
Variational Omni RENDERFunding 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
- −$292.84
- Price spread: +0.096% → −0.287%
- $38.28
- 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
- −$263.55
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 2 min ago; Variational Omni: RFQ quote, 19 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, 2 min ago | 1.61 bp | 12.6 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 19 min ago | 5.49 bp | doesn't fit | 39.7 bp −$397 | doesn't fit | doesn't fit |
RENDER on 22 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 RENDER/USDC PERP | −0.0120% | 1h | 1.8540 | +0.232% | $6K | $92K | 12x | as long as short |
| Variational Omni RENDERshort | −0.0078% | 4h | 1.8515 | +0.096% | $222K | $254K | — | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8450 | −0.254% | $19K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8466 | −0.168% | $11K | $57K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8502 | +0.029% | $274K | $190K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8450 | −0.254% | $12.1M | $48.7M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8420 | −0.416% | $12.0M | $14.6M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8450 | −0.254% | $3.2M | $8.6M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8468 | −0.157% | $524K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8480 | −0.092% | $11.2M | $9.9M | 200x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8470 | −0.146% | $5.2M | $13.3M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8456 | −0.222% | $9.9M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8470 | −0.146% | — | $4.2M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8544 | +0.254% | $44K | $259K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8460 | −0.200% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8477 | −0.107% | $31K | $179K | 10x | as long as short |
| Phoenix RENDER | +0.0220% | 1h | 1.8456 | −0.222% | $40K | $335K | 5x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0337% / S −0.0785% | 1h | 1.8474 | −0.124% | $14K | — | 100x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8530 | +0.178% | $578K | $1.4M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0440% | 1h | 1.8580 | +0.449% | $156K | $61K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1002% | 1h | 1.8500 | +0.018% | $481K | $1.1M | 50x | as long as short |
| Hyperliquid RENDERlong | +0.1316% | 1h | 1.8497 | long leg | $4.2M | $4.3M | 5x |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD