Funding you earn now, next payment 22:00 UTC−0.0964%/8h= −105.6% APRpaid last 24h −0.263%
Price spread now: Variational Omni against Hyperliquid−0.364%7-day average −0.275% · 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)−0.439%−$44 on $10k
+Price spread, last 3 days (all we have)+0.443%+$44 · spread now −0.364%, 7d avg −0.275%
=Together, before fees+0.005%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Variational Omni is 0.089% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.275%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SKY | 0.07208 | 0.0359 | pay 0.0045% / 1h | 33m 56s | $3.0M | $904K | 3x |
| Short | Variational Omni SKY | 0.07181 | −0.0605 | pay 0.0302% / 4h | 2h 33m | $207K | $94K | — |
Hyperliquid SKY
Variational Omni SKYFunding 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
- −$202.45
- Price spread: −0.364% → −0.275%
- −$8.95
- 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
- −$220.4
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Variational Omni: RFQ quote, 55 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, 7 min ago | 2.57 bp | 16.9 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 55 min ago | 5.51 bp | doesn't fit | 266.0 bp −$2,660 | doesn't fit | doesn't fit |
SKY 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKYshort | −0.0605% | 4h | 0.07181 | −0.364% | $207K | $94K | — | |
| Bybit SKYUSDT | −0.0254% | 4h | 0.07186 | −0.298% | $7.9M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07199 | −0.118% | $393 | $222K | 12x | as long as short |
| BloFin SKY-USDT | +0.0079% | 4h | 0.07198 | −0.132% | $608K | $609K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07197 | −0.143% | $189K | $163K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07196 | −0.163% | $71K | $26K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07201 | −0.092% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07194 | −0.190% | $16.6M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07186 | −0.298% | $871K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07189 | −0.257% | $618K | $254K | 50x | as long as short |
Bybit SKYUSDT
Injective SKY/USDC PERP
BloFin SKY-USDT
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.07194 | −0.187% | $1.1M | $280K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07186 | −0.298% | $442K | $287K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07196 | −0.160% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07192 | −0.215% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07198 | −0.132% | $20K | $685K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07200 | −0.100% | $698 | $2K | 10x | as long as short |
| Hyperliquid SKYlong | +0.0359% | 1h | 0.07208 | long leg | $3.0M | $904K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0534% / S −0.0248% | 1h | 0.07194 | −0.180% | $85K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]