Funding you earn now, next payment 23:00 UTC−0.0629%/8h= −68.9% APRpaid last 24h −0.045%
Price spread now: GRVT against Hyperliquid−0.411%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$860.860% of the position
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 7 days+0.534%+$53 · spread now −0.411%, 7d avg +0.031%
=Together, before fees+0.694%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$69 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and GRVT is 0.442% cheaper against Hyperliquid than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of +0.031%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.160%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.160% in total (about 8.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BERA | 0.2283 | 0.0729 | pay 0.0091% / 1h | 40m 49s | $2.9M | $962K | 5x |
| Short | GRVT BERA_USDT_Perp | 0.2274 | 0.0100 | get 0.0050% / 4h | 1h 40m | $105K | $2.8M | 10x |
Hyperliquid BERA
GRVT BERA_USDT_PerpFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$132.11
- Price spread: −0.411% → +0.031%
- −$44.2
- Slippage, 4 orders
- −$67.98
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$262.29
- Costs to cover
- 0.860%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; GRVT: live order book, 3 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, 10 min ago | 0.22 bp | 17.2 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 4.39 bp | 32.4 bp −$32 | 66.1 bp −$661 | doesn't fit | doesn't fit |
BERA on 24 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 BERA/USDC PERP | −0.5000% | 1h | 0.2142 | −6.184% | $2K | $4K | 12x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0320% | 1h | 0.2259 | −1.060% | $10K | $45K | 50x | as long as short |
| Kraken Futures PF_BERAUSD | 0.0000% | 1h | 0.2277 | −0.251% | $51K | $26K | 20x | as long as short |
| BloFin BERA-USDT | +0.0072% | 4h | 0.2277 | −0.272% | $289K | $88K | 75x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2278 | −0.228% | $63K | $89K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2278 | −0.207% | $13K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2280 | −0.162% | $5.5M | $13.6M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2276 | −0.315% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2276 | −0.315% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2276 | −0.315% | $336K | $391K | 50x | as long as short |
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
Kraken Futures PF_BERAUSD
BloFin BERA-USDT
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BERA_USDT | +0.0100% | 4h | 0.2279 | −0.184% | $1.2M | $431K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2275 | −0.359% | $549K | $218K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2279 | −0.184% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2278 | −0.228% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2267 | −0.697% | $83K | $49K | — | as long as short |
| GRVT BERA_USDT_Perpshort | +0.0100% | 4h | 0.2274 | −0.411% | $105K | $2.8M | 10x | |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | −0.578% | $32K | $453K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2278 | −0.228% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2277 | −0.254% | $373 | $6K | 5x | as long as short |
| 01 Exchange BERAUSD | +0.0176% | 1h | 0.2279 | −0.184% | $4K | $2K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0189% | 1h | 0.2279 | −0.184% | $4K | $62K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2278 | −0.221% | $2K | — | 100x | as long as short |
| Hyperliquid BERAlong | +0.0729% | 1h | 0.2283 | long leg | $2.9M | $962K | 5x | |
| Backpack BERA_USDC_PERP | +0.0959% | 1h | 0.2280 | −0.127% | $37K | $150K | 5x | as long as short |
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Backpack BERA_USDC_PERP