Funding you earn now, next payment 00:00 UTC−0.0379%/8h= −41.5% APRpaid last 24h −0.100%
Price spread now: Variational Omni against Hyperliquid−0.285%7-day average −0.195% · 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)−0.186%−$19 on $10k
+Price spread, last 3 days (all we have)+0.598%+$60 · spread now −0.285%, 7d avg −0.195%
=Together, before fees+0.412%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$41 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Variational Omni is 0.090% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.195%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEN | 7.7611 | 0.0350 | pay 0.0044% / 1h | 5m 27s | $2.4M | $1.8M | 5x |
| Short | Variational Omni ZEN | 7.7390 | −0.0029 | pay 0.0029% / 8h | 5m 27s | $52K | $85K | — |
Hyperliquid ZEN
Variational Omni ZENFunding 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
- −$79.63
- Price spread: −0.285% → −0.195%
- −$8.99
- 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
- −$97.62
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Variational Omni: RFQ quote, 73 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, 6 min ago | 1.35 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 73 min ago | 5.96 bp | doesn't fit | 156.6 bp −$1,566 | doesn't fit | doesn't fit |
ZEN on 17 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 ZENshort | −0.0029% | 8h | 7.7390 | −0.285% | $52K | $85K | — | |
| OKX ZEN-USDT-SWAP | −0.0004% | 4h | 7.7460 | −0.195% | $2.3M | $5.8M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7438 | −0.222% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0036% | 8h | 7.7490 | −0.156% | $4.4M | $4.9M | 50x | as long as short |
| Bybit ZENUSDT | +0.0045% | 8h | 7.7450 | −0.207% | $4.6M | $6.3M | 75x | as long as short |
| Extended ZEN-USD | +0.0072% | 1h | 7.7474 | −0.177% | $25K | $118K | 5x | as long as short |
| MEXC ZEN_USDT | +0.0073% | 8h | 7.7530 | −0.104% | $12.5M | $5.5M | 200x | as long as short |
| Binance ZENUSDT | +0.0075% | 8h | 7.7504 | −0.137% | $11.2M | $31.6M | 75x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7445 | −0.214% | $52K | $378K | 10x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7480 | −0.169% | $2.9M | $3.5M | 50x | as long as short |
OKX ZEN-USDT-SWAP
dYdX ZEN-USD
KuCoin ZENUSDTM
Bybit ZENUSDT
Extended ZEN-USD
MEXC ZEN_USDT
Binance ZENUSDT
Aster ZENUSDT
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEN-USDT | +0.0100% | 8h | 7.7600 | −0.014% | — | $3.4M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7371 | −0.310% | $577K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7410 | −0.259% | $26K | $685K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7380 | −0.298% | $2K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0193% | 8h | 7.7410 | −0.259% | $849K | $1.8M | 75x | as long as short |
| Hyperliquid ZENlong | +0.0350% | 1h | 7.7611 | long leg | $2.4M | $1.8M | 5x | |
| Kraken Futures PF_ZENUSD | +0.2651% | 1h | 7.7767 | +0.200% | $509K | $1.0M | 25x | as long as short |
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Kraken Futures PF_ZENUSD