Funding you earn now, next payment 08:00 UTC+0.0326%/8h= +35.7% APRpaid last 24h +0.206%
Price spread now: Hyperliquid against Variational Omni+0.080%7-day average +0.277% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.622%+$62 on $10k
+Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.080%, 7d avg +0.277%
=Together, before fees+0.231%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.197% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.080% now, against its 7-day average of +0.277%). If the spread goes back, that is −$20 on $10k: about 2.0 days of funding at the current rate (+$10 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni RENDER | 1.8071 | 0.0100 | pay 0.0050% / 4h | 43m 35s | $256K | $314K | — |
| Short | Hyperliquid RENDER | 1.8086 | 0.0426 | get 0.0053% / 1h | 43m 35s | $4.1M | $3.4M | 5x |
Variational Omni RENDER
Hyperliquid RENDERFunding 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
- $68.48
- Price spread: +0.080% → +0.277%
- −$19.69
- 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
- $39.79
- Costs to cover
- 0.090%
- Break-even
- 2.9 days
Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Hyperliquid: live order book, 8 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, 60 min ago | 5.49 bp | doesn't fit | 34.3 bp −$343 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 2.21 bp | 9.3 bp −$9 | doesn't fit | 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 | −0.0131% | 1h | 1.8070 | −0.008% | $11K | $194K | 12x | as long as short |
| dYdX RENDER-USD | +0.0014% | 1h | 1.8066 | −0.028% | $18K | $22K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | +0.0082% | 1h | 1.8073 | +0.008% | $18K | $37K | 25x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8077 | +0.031% | $11.7M | $46.2M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8070 | −0.008% | $11.8M | $12.7M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8090 | +0.103% | $3.1M | $8.2M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8051 | −0.113% | $516K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8060 | −0.064% | $11.0M | $11.7M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8070 | −0.008% | $4.8M | $10.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8078 | +0.036% | $9.8M | $10.7M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8070 | −0.008% | — | $5.1M | — | as long as short |
| Variational Omni RENDERlong | +0.0100% | 4h | 1.8071 | long leg | $256K | $314K | — | |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8064 | −0.041% | $40K | $251K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8060 | −0.064% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8065 | −0.036% | $25K | $214K | 10x | as long as short |
| Aster RENDERUSDT | +0.0162% | 4h | 1.8081 | +0.050% | $277K | $189K | 20x | as long as short |
| Phoenix RENDER | +0.0266% | 1h | 1.8050 | −0.119% | $46K | $339K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8070 | −0.008% | $604K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0906% | 1h | 1.8061 | −0.060% | $15K | — | 100x | as long as short |
| Hyperliquid RENDERshort | +0.0426% | 1h | 1.8086 | +0.080% | $4.1M | $3.4M | 5x | |
| Coinbase International RENDER-PERP-INTX | +0.0512% | 1h | 1.8060 | −0.064% | $149K | $61K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0734% | 1h | 1.8072 | +0.001% | $423K | $1.4M | 50x | as long as short |
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD