A delta-neutral position would go long on Variational (-40.83%) and short on Hyperliquid (+10.95%), collecting roughly 51.8% 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 |
|---|---|---|---|---|---|---|---|---|
| SAND | $0.0427 | +10.95% | +0.0013% | 1h | $295K 6.92M SAND | $125K | 5× | |
Sampled continuously and bucketed to four hours.
| SAND |
| $0.0426 |
| -40.83% |
| -0.0047% |
| 1h |
| $6.1K |
| $301 |
| 20× |
| SANDUSDT | $0.0427 | -34.66% | -0.0040% | 3m | $5.0K 117.2K SAND | $734 | - |