Funding you earn now, next payment 06:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.065%
Price spread now: Variational Omni against Hyperliquid−0.583%7-day average +0.005% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.243%−$24 on $10k
+Price spread, last 4 days (all we have)+0.639%+$64 · spread now −0.583%, 7d avg +0.005%
=Together, before fees+0.396%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.588% cheaper against Hyperliquid than usual: you would sell low and buy high (−$59 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SAND | 0.04167 | −0.0300 | get 0.0037% / 1h | 21m 22s | $577K | $325K | 5x |
| Short | Variational Omni SAND | 0.04143 | −0.0397 | pay 0.0397% / 8h | 2h 21m | $113K | $4K | — |
Hyperliquid SAND
Variational Omni SANDFunding 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
- −$20.53
- Price spread: −0.583% → +0.005%
- −$58.81
- 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
- −$88.34
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 58 min ago; Variational Omni: RFQ quote, 28 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, 58 min ago | 1.91 bp | 29.8 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 28 min ago | 5.95 bp | doesn't fit | 22.6 bp −$226 | doesn't fit | doesn't fit |
SAND on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SANDshort | −0.0397% | 8h | 0.04143 | −0.583% | $113K | $4K | — | |
| Aster SANDUSDT | −0.0369% | 8h | 0.04177 | +0.239% | $14K | $16K | 10x | as long as short |
| Hyperliquid SANDlong | −0.0300% | 1h | 0.04167 | long leg | $577K | $325K | 5x | |
| BloFin SAND-USDT | −0.0288% | 8h | 0.04146 | −0.506% | $326K | $137K | 75x | as long as short |
| MEXC SAND_USDT | −0.0277% | 8h | 0.04172 | +0.118% | $11.3M | $1.9M | 200x | as long as short |
| Binance SANDUSDT | −0.0275% | 8h | 0.04172 | +0.107% | $6.7M | $12.7M | 75x | as long as short |
| Extended SAND-USD | −0.0272% | 1h | 0.04170 | +0.080% | $3K | $225K | 10x | as long as short |
| Bitget SANDUSDT | −0.0220% | 8h | 0.04165 | −0.050% | $1.7M | $550K | 10x | as long as short |
| KuCoin SANDUSDTM | −0.0198% | 8h | 0.04168 | +0.022% | $2.6M | $353K | 50x | as long as short |
| OKX SAND-USDT-SWAP | −0.0176% | 8h | 0.04167 | −0.002% | $1.7M | $3.2M | 50x | as long as short |
Aster SANDUSDT
BloFin SAND-USDT
MEXC SAND_USDT
Binance SANDUSDT
Extended SAND-USD
Bitget SANDUSDT
KuCoin SANDUSDTM
OKX SAND-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SANDUSDT | −0.0063% | 8h | 0.04171 | +0.094% | $3.4M | $3.7M | 75x | as long as short |
| BingX SAND-USDT | −0.0049% | 8h | 0.04168 | +0.022% | — | $2.4M | — | as long as short |
| Gate SAND_USDT | −0.0042% | 8h | 0.04171 | +0.094% | $468K | $663K | 75x | as long as short |
| Injective SAND/USDC PERP | +0.0033% | 1h | 0.04129 | −0.914% | $757 | $795 | 5.5x | as long as short |
| Kraken Futures PF_SANDUSD | +0.0112% | 1h | 0.04174 | +0.174% | $157K | $104K | 25x | as long as short |
Bybit SANDUSDT
BingX SAND-USDT
Gate SAND_USDT
Injective SAND/USDC PERP
Kraken Futures PF_SANDUSD