A delta-neutral position would go long on Hyperliquid (-19.90%) and short on Variational (+10.95%), collecting roughly 30.9% 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 |
|---|---|---|---|---|---|---|---|---|
| UMA | $0.3591 | -19.90% | -0.0023% | 1h | $327K 911.8K UMA | $325K | 3× | |
Sampled continuously and bucketed to four hours.
| UMAUSDT |
| $0.3597 |
| +10.95% |
| +0.0013% |
| 45m |
| $49.5K 137.5K UMA |
| $1.5K |
| - |
| UMA | $0.3594 | +10.95% | +0.0013% | 1h | $1.7K | $2.4K | 20× |