A delta-neutral position would go long on Variational (-6.73%) and short on Hyperliquid (+10.95%), collecting roughly 17.7% 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 |
|---|---|---|---|---|---|---|---|---|
| IOTA | $0.0327 | +10.95% | +0.0013% | 1h | $379K 11.59M IOTA | $169K | 3× | |
Sampled continuously and bucketed to four hours.
| IOTA |
| $0.0327 |
| -6.73% |
| -0.0008% |
| 1h |
| $1.1K |
| $122 |
| 20× |