A delta-neutral position would go long on Variational (-31.07%) and short on Hyperliquid (+10.95%), collecting roughly 42.0% 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 |
|---|---|---|---|---|---|---|---|---|
| ZETA | $0.0343 | +10.95% | +0.0013% | 1h | $1.27M 37.11M ZETA | $84.9K | 3× | |
Sampled continuously and bucketed to four hours.
| ZETA |
| $0.0342 |
| -31.07% |
| -0.0035% |
| 1h |
| $30.5K |
| $66 |
| 20× |