Funding arb · Price arb /

YGG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Variational Omni+0.362%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.362% dearer against Variational Omni than usual: you sell high and buy low, +$36 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni YGG	0.02574	0.0100	pay 0.0050% / 4h	2h 26m	$2K	$1	—
Short	Hyperliquid YGG	0.02584	0.0100	get 0.0013% / 1h	26m 04s	$186K	$164K	3x

Funding 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

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.362%Rate

Funding earned: $0
Price spread: +0.362% → 0.000%: $36.19
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: $27.19
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 57 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 no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 57 min ago	1.54 bp	27.7 bp −$28	doesn't fit	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

YGG on 12 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
Kraken Futures PF_YGGUSD	−0.1458%	1h	0.02580	+0.230%	$12K	$3K	10x	as long as short
OKX YGG-USDT-SWAP	+0.0084%	4h	0.02581	+0.257%	$989K	$891K	10x	as long as short
Hyperliquid YGGshort	+0.0100%	1h	0.02584	+0.362%	$186K	$164K	3x
Aster YGGUSDT	+0.0100%	4h	0.02583	+0.317%	$2K	$1K	5x	as long as short
Binance YGGUSDT	+0.0100%	4h	0.02584	+0.374%	$2.0M	$2.0M	50x	as long as short
Bybit YGGUSDT	+0.0100%	4h	0.02584	+0.374%	$603K	$469K	25x	as long as short
Gate YGG_USDT	+0.0100%	4h	0.02583	+0.335%	$298K	$634K	20x	as long as short
MEXC YGG_USDT	+0.0100%	4h	0.02584	+0.374%	$969K	$345K	50x	as long as short
KuCoin YGGUSDTM	+0.0100%	4h	0.02583	+0.335%	$207K	$53K	30x	as long as short
Bitget YGGUSDT	+0.0100%	4h	0.02585	+0.412%	$549K	$150K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX YGG-USDT	+0.0100%	4h	0.02580	+0.218%	—	$2.4M	—	as long as short
Variational Omni YGGlong	+0.0100%	4h	0.02574	long leg	$2K	$1	—