Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.082%

Price spread now: GRVT against Hyperliquid−0.165%85s7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.536% of the position

Long on Hyperliquid Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 7 days+0.172%+$17 · spread now −0.165%, 7d avg −0.040%

Together, before fees+0.025%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.126% cheaper against Hyperliquid than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.040%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ARB	0.2236	0.0100	pay 0.0013% / 1h	41m 55s	$39.9M	$52.3M	10x
Short	GRVT ARB_USDT_Perp	0.2232	0.0100	get 0.0100% / 8h	1h 41m	$480K	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee GRVTbpOrdersPrice spread, now −0.165%Rate

Funding earned: $0
Price spread: −0.165% → −0.040%: −$12.58
Slippage, 4 orders: −$35.62
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$66.2
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; GRVT: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 12 min ago	0.22 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	2.24 bp	20.0 bp −$20	106.4 bp −$1,064	doesn't fit	doesn't fit

ARB on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1770%	1h	0.2223	−0.568%	$40K	$283K	12x	as long as short
01 Exchange ARBUSD	−0.0224%	1h	0.2233	−0.103%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0157%	8h	0.2228	−0.343%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0138%	8h	0.2234	−0.081%	$57.5M	$135.7M	50x	as long as short
MEXC ARB_USDT	−0.0102%	8h	0.2235	−0.013%	$36.8M	$62.3M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0102%	8h	0.2234	−0.076%	$22.3M	$163.3M	50x	as long as short
Polymarket Perps ARB-USD	−0.0060%	1h	0.2233	−0.112%	$76K	$2.2M	10x	as long as short
SoDEX ARB-USD	−0.0053%	1h	0.2232	−0.157%	$4K	$2.8M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0025%	8h	0.2233	−0.121%	$10K	$394K	10x	as long as short
Binance ARBUSDT	−0.0011%	8h	0.2235	−0.040%	$63.7M	$322.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ARB-USD	−0.0008%	1h	0.2233	−0.104%	$355K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2233	−0.132%	$66K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2233	−0.098%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2234	−0.076%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0023%	8h	0.2234	−0.085%	$5.5M	$20.6M	60x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2234	−0.071%	$146K	$12K	3x	as long as short
Bitget ARBUSDT	+0.0082%	8h	0.2234	−0.076%	$21.0M	$38.0M	50x	as long as short
BingX ARB-USDC	+0.0083%	8h	0.2232	−0.152%	—	$6.5M	—	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2235	−0.049%	$1.1M	$5.2M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2234	−0.094%	$1.3M	$7.3M	15x	as long as short
Hyperliquid ARBlong	+0.0100%	1h	0.2236	long leg	$39.9M	$52.3M	10x
Aster ARBUSDT	+0.0100%	8h	0.2233	−0.114%	$694K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2234	−0.094%	$44K	$197K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2235	−0.022%	$20.6M	$16.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2232	−0.160%	$36K	$460K	20x	as long as short
GRVT ARB_USDT_Perpshort	+0.0100%	8h	0.2232	−0.165%	$480K	$4.0M	10x
ApeX Omni ARBUSDT	+0.0100%	1h	0.2232	−0.165%	$121K	$294K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2235	−0.031%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2235	−0.013%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2233	−0.121%	$5.2M	$13.5M	50x	as long as short
BloFin ARB-USDT	+0.0109%	8h	0.2234	−0.085%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2234	−0.076%	$507K	$2.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0274% / S −0.0157%	1h	0.2234	−0.074%	$835K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2233	−0.140%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2235	−0.011%	$493K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0631%	1h	0.2236	+0.027%	$1.1M	$2.7M	20x	as long as short