A delta-neutral position would go long on Hyperliquid (-17.15%) and short on Variational (+10.95%), collecting roughly 28.1% APR before fees, slippage and margin costs.
Funding is shown both as the venue quotes it and annualised, so venues on different settlement intervals line up.
| Venue | Market | Mark | Funding APR | Per hour | Next | Open interest | 24h vol | Max lev |
|---|---|---|---|---|---|---|---|---|
| INIT | $0.1641 | -17.15% | -0.0020% | 1h | $2.52M 15.34M INIT | $3.04M | 3× | |
Sampled continuously and bucketed to four hours.
| INIT |
| $0.1639 |
| +10.95% |
| +0.0013% |
| 1h |
| $67.2K |
| $184K |
| 20× |
| INITUSDT | $0.1647 | -11.82% | -0.0013% | 3h 15m | $18.1K 109.8K INIT | $139K | - |