A delta-neutral position would go long on Variational (-8.54%) and short on Hyperliquid (+10.95%), collecting roughly 19.5% 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 | $0.0300 | +10.95% | +0.0013% | 1h | $670K 22.37M ZETA | $139K | 3× | |
Sampled continuously and bucketed to four hours.
| ZETA |
| $0.0300 |
| -8.54% |
| -0.0010% |
| 1h |
| $10.3K |
| $0 |
| 20× |
| ZETA-PERP | $0.0299 | - | - | 1h | - | - | 3× |