Funding you earn now, next payment 22:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h −0.044%
Price spread now: Variational Omni against Hyperliquid−0.471%7-day average −0.106% · 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)−0.079%−$8 on $10k
+Price spread, last 7 days+0.428%+$43 · spread now −0.471%, 7d avg −0.106%
=Together, before fees+0.349%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.365% cheaper against Hyperliquid than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.106%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid WLD | 0.4557 | 0.0100 | pay 0.0013% / 1h | 33m 25s | $47.1M | $40.7M | 10x |
| Short | Variational Omni WLD | 0.4535 | −0.0030 | pay 0.0030% / 8h | 2h 33m | $2.1M | $1.6M | — |
Hyperliquid WLD
Variational Omni WLDFunding 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
- −$27.27
- Price spread: −0.471% → −0.106%
- −$36.54
- 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
- −$72.81
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Variational Omni: RFQ quote, 1 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 | 0.11 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 5.50 bp | doesn't fit | 23.1 bp −$231 | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0538% | 8h | 0.4556 | −0.018% | $44K | $3.8M | 1.7x | as long as short |
| Variational Omni WLDshort | −0.0030% | 8h | 0.4535 | −0.471% | $2.1M | $1.6M | — | |
| Orderly PERP_WLD_USDC | −0.0026% | 8h | 0.4548 | −0.193% | $28K | $917K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4553 | −0.087% | $155K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4548 | −0.193% | $128K | $900K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4553 | −0.084% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0020% | 8h | 0.4551 | −0.127% | $7.0M | $10.7M | 50x | as long as short |
| Nado WLD-PERP | +0.0045% | 1h | 0.4552 | −0.094% | $272K | $168K | 5x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4536 | −0.463% | $5K | $52K | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.0061% | 8h | 0.4544 | −0.281% | $34.0M | $137.8M | 50x | as long as short |
Kalshi KXWLDPERP
Orderly PERP_WLD_USDC
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Nado WLD-PERP
Phoenix WLD
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid WLDlong | +0.0100% | 1h | 0.4557 | long leg | $47.1M | $40.7M | 10x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4557 | −0.006% | $215K | $981K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4554 | −0.059% | $51K | $482K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4552 | −0.115% | $86.0M | $291.7M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4548 | −0.193% | $65.1M | $80.1M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4553 | −0.083% | $7.5M | $34.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4551 | −0.127% | $52.9M | $47.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4546 | −0.237% | $30.1M | $25.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4553 | −0.083% | — | $67.9M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4555 | −0.050% | $129K | $275K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4538 | −0.413% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4547 | −0.212% | $614K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4543 | −0.303% | $55K | $226K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4552 | −0.110% | $54K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4558 | +0.026% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4545 | −0.259% | $197 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4558 | +0.026% | $860K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4553 | −0.083% | $1.8M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4543 | −0.303% | $133K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4547 | −0.213% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4551 | −0.131% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0217% / S −0.0307% | 1h | 0.4554 | −0.062% | $12K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4539 | −0.391% | $4.9M | $801K | 75x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4622 | +1.431% | $6K | $139K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4544 | −0.281% | $279K | $1.6M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0448% | 1h | 0.4557 | +0.002% | $326 | $77 | 5x | as long as short |
| Lighter WLD | +0.1056% | 1h | 0.4563 | +0.143% | $5.1M | $2.0M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1097% | 1h | 0.4546 | −0.231% | $922K | $2.6M | 50x | as long as short |
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
01 Exchange WLDUSD
Lighter WLD
Kraken Futures PF_WLDUSD