Funding you earn now, next payment 00:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h +0.020%
Price spread now: Hyperliquid against GRVT−0.441%105s7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as 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−$350.349% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 3 days (all we have)+0.391%+$39 · spread now −0.441%, 7d avg +0.047%
=Together, before fees+0.438%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.488% cheaper against GRVT than usual: you would sell low and buy high (spread −0.441% now, against its 7-day average of +0.047%). If the spread goes back, that is −$49 on $10k: about 24 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.046% in total) that is about 2 months. 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 BCH_USDT_Perp | 270.56 | 0.0031 | pay 0.0031% / 8h | 37m 37s | $394K | $17K | 10x |
| Short | Hyperliquid BCH | 269.37 | 0.0100 | get 0.0013% / 1h | 37m 37s | $6.0M | $4.3M | 10x |
GRVT BCH_USDT_Perp
Hyperliquid BCHFunding 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
- $14.49
- Price spread: −0.441% → +0.047%
- −$48.8
- Slippage, 4 orders
- −$16.89
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$69.2
- Costs to cover
- 0.349%
- Break-even
- 40.4 days
Slippage from GRVT: live order book, 40 min ago; Hyperliquid: live order book, 4 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, 40 min ago | 0.93 bp | 11.6 bp −$12 | 28.6 bp −$286 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.55 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
BCH on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BCH_USDC-PERPETUAL | −0.0437% | 1h | 269.04 | −0.562% | $455K | $266K | 25x | as long as short |
| Phemex BCHUSDT | −0.0170% | 8h | 269.04 | −0.563% | $4.9M | $6.5M | 50x | as long as short |
| Variational Omni BCH | −0.0139% | 8h | 270.42 | −0.054% | $83K | $294K | — | as long as short |
| Kraken Futures PF_BCHUSD | −0.0125% | 1h | 269.22 | −0.496% | $828K | $3.2M | 50x | as long as short |
| SoDEX BCH-USD | −0.0125% | 1h | 268.99 | −0.581% | $2K | $6K | 10x | as long as short |
| Bybit BCHUSDT | −0.0085% | 8h | 268.90 | −0.615% | $39.4M | $33.5M | 75x | as long as short |
| Injective BCH/USDC PERP | −0.0054% | 1h | 270.20 | −0.134% | $721 | $130K | 12x | as long as short |
| Coinbase International BCH-PERP-INTX | −0.0032% | 1h | 268.37 | −0.810% | $244K | $2.1M | 50x | as long as short |
| Extended BCH-USD | −0.0024% | 1h | 269.02 | −0.570% | $116K | $653K | 25x | as long as short |
| Binance BCHUSDT | −0.0021% | 8h | 268.96 | −0.594% | $74.7M | $237.0M | 75x | as long as short |
Deribit BCH_USDC-PERPETUAL
Phemex BCHUSDT
Variational Omni BCH
Kraken Futures PF_BCHUSD
SoDEX BCH-USD
Bybit BCHUSDT
Injective BCH/USDC PERP
Coinbase International BCH-PERP-INTX
Extended BCH-USD
Binance BCHUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BCH_USDT | −0.0020% | 8h | 269.50 | −0.393% | $70.5M | $6.7M | 200x | as long as short |
| dYdX BCH-USD | 0.0000% | 1h | 269.24 | −0.490% | $5K | $248 | 10x | as long as short |
| Kalshi KXBCHPERP | 0.0000% | 8h | 269.85 | −0.263% | $1.3M | $12.0M | 2.7x | as long as short |
| gTrade (Gains Network) BCH/USD | L 0.0000% / S +0.0007% | 1h | 268.96 | −0.593% | $4K | — | 150x | as long as short |
| Gate BCH_USDT | +0.0008% | 8h | 268.98 | −0.585% | $8.4M | $14.5M | 75x | as long as short |
| Orderly PERP_BCH_USDC | +0.0025% | 8h | 268.98 | −0.585% | $2K | $176 | 10x | as long as short |
| GRVT BCH_USDT_Perplong | +0.0031% | 8h | 270.56 | long leg | $394K | $17K | 10x | |
| Bitget BCHUSDT | +0.0036% | 8h | 268.93 | −0.603% | $19.4M | $30.0M | 75x | as long as short |
| OKX BCH-USDT-SWAP | +0.0042% | 8h | 268.90 | −0.615% | $26.4M | $79.3M | 50x | as long as short |
| BingX BCH-USDC | +0.0053% | 8h | 269.01 | −0.574% | — | $6.5M | — | as long as short |
| Lighter BCH | +0.0096% | 1h | 269.02 | −0.568% | $371K | $555K | 10x | as long as short |
| BloFin BCH-USDT | +0.0099% | 8h | 270.29 | −0.101% | $4.0M | $4.2M | 50x | as long as short |
| Nado BCH-PERP | +0.0100% | 1h | 269.53 | −0.382% | $444K | $434K | 10x | as long as short |
| Hyperliquid BCHshort | +0.0100% | 1h | 269.37 | −0.441% | $6.0M | $4.3M | 10x | |
| Aster BCHUSDT | +0.0100% | 8h | 269.17 | −0.515% | $216K | $708K | 75x | as long as short |
| Pacifica BCH | +0.0100% | 1h | 269.10 | −0.541% | $164K | $467K | 10x | as long as short |
| KuCoin BCHUSDTM | +0.0100% | 8h | 269.19 | −0.507% | $9.2M | $7.9M | 75x | as long as short |
| edgeX BCHUSDC | +0.0100% | 4h | 270.37 | −0.071% | $19K | $290K | 20x | as long as short |
| ApeX Omni BCHUSDT | +0.0100% | 1h | 270.64 | +0.029% | $73K | $213K | 50x | as long as short |
| SunX BCH-USDT | +0.0100% | 8h | 268.87 | −0.626% | $2K | $2.0M | 30x | as long as short |
| HTX BCH-USDT | +0.0100% | 8h | 269.04 | −0.563% | $772K | $1.7M | 75x | as long as short |
| GMX BCH/USD [WBTC.b-USDC] | L +0.0334% / S −0.0340% | 1h | 268.96 | −0.593% | $27K | — | 100x | as long as short |
MEXC BCH_USDT
dYdX BCH-USD
Kalshi KXBCHPERP
gTrade (Gains Network) BCH/USD
Gate BCH_USDT
Orderly PERP_BCH_USDC
Bitget BCHUSDT
OKX BCH-USDT-SWAP
BingX BCH-USDC
Lighter BCH
BloFin BCH-USDT
Nado BCH-PERP
Aster BCHUSDT
Pacifica BCH
KuCoin BCHUSDTM
edgeX BCHUSDC
ApeX Omni BCHUSDT
SunX BCH-USDT
HTX BCH-USDT
GMX BCH/USD [WBTC.b-USDC]