A delta-neutral position would go long on Hyperliquid (-1.37%) and short on Variational (+10.95%), collecting roughly 12.3% 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 |
|---|---|---|---|---|---|---|---|---|
| USUAL | $0.008160 | -1.37% | -0.0002% | 1h | $160K 19.61M USUAL | $90.9K | 3× | |
Sampled continuously and bucketed to four hours.
| USUAL |
| $0.008166 |
| +10.95% |
| +0.0013% |
| 1h |
| $8.3K |
| $1.1K |
| 20× |
| USUAL-USD | $0.008172 | +0.00% | +0.0000% | 1h | $1.6K 193.9K USUAL | $219 | 5× |
| USUAL-PERP | $0.008155 | - | - | 1h | - | - | 3× |