Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against GRVT+0.018%105s7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as 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−$1041.044% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.018%, 7d avg +0.094%
=Together, before fees−0.093%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$9 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: Hyperliquid is 0.076% cheaper against GRVT than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.094%. The two prices were read 105 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 | GRVT AXS_USDT_Perp | 1.0720 | 0.0100 | pay 0.0050% / 4h | 1h 07m | $768K | $875K | 10x |
| Short | Hyperliquid AXS | 1.0722 | 0.0100 | get 0.0013% / 1h | 7m 49s | $263K | $700K | 5x |
GRVT AXS_USDT_Perp
Hyperliquid AXSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.018% → +0.094%
- −$7.56
- Slippage, 4 orders
- −$86.45
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$112.01
- Costs to cover
- 1.044%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 35 min ago; Hyperliquid: live order book, 52 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 GRVT live order book, 35 min ago | 4.67 bp | 21.7 bp −$22 | 154.0 bp −$1,540 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 52 min ago | 2.80 bp | 24.4 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
AXS on 20 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 AXS/USDC PERP | −0.1014% | 1h | 1.0580 | −1.306% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0097% | 4h | 1.0730 | +0.093% | $3K | — | 10x | as long as short |
| Hyperliquid AXSshort | +0.0100% | 1h | 1.0722 | +0.018% | $263K | $700K | 5x | |
| Aster AXSUSDT | +0.0100% | 4h | 1.0727 | +0.068% | $73K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0714 | −0.052% | $6.0M | $10.8M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0724 | +0.037% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0717 | −0.028% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0725 | +0.046% | $849K | $631K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0719 | −0.010% | $11.6M | $695K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0730 | +0.093% | $588K | $288K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDT
KuCoin AXSUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget AXSUSDT | +0.0100% | 4h | 1.0720 | 0.000% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0723 | +0.028% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0727 | +0.065% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perplong | +0.0100% | 4h | 1.0720 | long leg | $768K | $875K | 10x | |
| SunX AXS-USDT | +0.0100% | 4h | 1.0721 | +0.009% | $1K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0722 | +0.018% | $767 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0719 | −0.010% | $10K | $232K | 10x | as long as short |
| BloFin AXS-USDT | +0.0123% | 4h | 1.0734 | +0.130% | $280K | $30K | 75x | as long as short |
| Lighter AXS | +0.0216% | 1h | 1.0749 | +0.270% | $37K | $43K | 5x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0378% | 1h | 1.0733 | +0.123% | $141K | $340K | 20x | as long as short |
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT
Lighter AXS
Kraken Futures PF_AXSUSD