Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%
Price spread now: Hyperliquid against GRVT+0.165%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 7 days−0.159%−$16 · spread now +0.165%, 7d avg +0.032%
=Together, before fees−0.113%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$11 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 0.132% dearer against GRVT than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BTC_USDT_Perp | 85,717.9 | 0.0100 | pay 0.0100% / 8h | 5h 21m | $215.3M | $166.0M | 50x |
| Short | Hyperliquid BTC | 85,859 | 0.0100 | get 0.0013% / 1h | 21m 11s | $3.75B | $4.97B | 40x |
GRVT BTC_USDT_Perp
Hyperliquid BTCFunding 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: +0.165% → +0.032%
- $13.23
- Slippage, 4 orders
- −$0.38
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$5.15
- Costs to cover
- 0.184%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; Hyperliquid: live order book, 13 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, 3 min ago | 0.01 bp | 4.5 bp −$5 | 4.7 bp −$47 | 5.3 bp −$528 | 9.1 bp −$4,572 |
| Sell Hyperliquid live order book, 13 min ago | 0.06 bp | 4.8 bp −$5 | 5.4 bp −$54 | 6.2 bp −$622 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0359% | 1h | 85,824.6 | +0.124% | $197K | $722K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,789 | +0.083% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,818 | +0.117% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,801.9 | +0.098% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,792 | +0.086% | $416.7M | $665.4M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,796.5 | +0.092% | $16.8M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,799.6 | +0.095% | $36.7M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0007% | 8h | 85,780.2 | +0.073% | $919.3M | $751.5M | 125x | as long as short |
| Nado BTC-PERP | +0.0010% | 1h | 85,803.4 | +0.100% | $22.7M | $220.1M | 50x | as long as short |
| Aster BTCUSDT | +0.0019% | 8h | 85,788.1 | +0.082% | $516.9M | $1.10B | 200x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Nado BTC-PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0054% | 8h | 85,775.2 | +0.067% | — | $17.0M | — | as long as short |
| Bitget BTCUSDT | +0.0070% | 8h | 85,787.6 | +0.081% | $2.96B | $5.02B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0071% | 1h | 85,797.4 | +0.093% | $6.7M | $146.5M | 40x | as long as short |
| Phemex BTCUSDT | +0.0076% | 8h | 85,783.6 | +0.077% | $148.3M | $479.6M | 150x | as long as short |
| HTX BTC-USDT | +0.0079% | 8h | 85,786.6 | +0.080% | $2.27B | $935.2M | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,807 | +0.104% | $341K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,775 | +0.067% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,783.1 | +0.076% | $5.06B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,782.6 | +0.075% | $9.36B | $23.87B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0086% | 1h | 85,824.8 | +0.125% | $891.8M | $1.52B | 50x | as long as short |
| SunX BTC-USDT | +0.0090% | 8h | 85,763.3 | +0.053% | $2.9M | $6.1M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,790.1 | +0.084% | $170.2M | $993.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,793.5 | +0.088% | $24.0M | $148.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,803 | +0.099% | $8.4M | $52.2M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,843.8 | +0.147% | $3.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,774 | +0.065% | $198K | $7.8M | 50x | as long as short |
| Hyperliquid BTCshort | +0.0100% | 1h | 85,859 | +0.165% | $3.75B | $4.97B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 85,814.6 | +0.113% | $40.2M | $574.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,794 | +0.089% | $5.34B | $9.56B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,795.3 | +0.090% | $2.58B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,791 | +0.085% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,771.3 | +0.062% | $6.7M | $97.5M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,791.5 | +0.086% | $5.56B | $10.54B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,776.3 | +0.068% | $35.1M | $172.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,642.5 | −0.088% | $157.0M | $548.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,654 | −0.075% | $279.8M | $920.3M | 100x | as long as short |
| GRVT BTC_USDT_Perplong | +0.0100% | 8h | 85,717.9 | long leg | $215.3M | $166.0M | 50x | |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,706.4 | −0.013% | $140.3M | $314.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,705.2 | −0.015% | $30.3M | $209.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,842.7 | +0.146% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,801 | +0.097% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,794.1 | +0.089% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,778.1 | +0.070% | $2.4M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,782.9 | +0.076% | $30.0M | $51.0M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,783 | +0.076% | $60.1M | $336.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,681.9 | −0.042% | $628.9M | $439.0M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,761.1 | +0.050% | $44.2M | $226.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,800.5 | +0.096% | — | $105.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,828.7 | +0.129% | $130.4M | $5.10B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,830.9 | +0.132% | $8.4M | $42.1M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,809.4 | +0.107% | $188.9M | $951.8M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0197% | 1h | 85,743.4 | +0.030% | $78K | $219K | 20x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0179% | 1h | 85,796.3 | +0.091% | $13.6M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 85,748.8 | +0.036% | $703K | $7.8M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0218% | 8h | 85,819 | +0.118% | $10.5M | $757.7M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,814.8 | +0.113% | $513K | $19.3M | 6.7x | as long as short |
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Phemex BTCUSDT
HTX BTC-USDT
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Deribit BTC-PERPETUAL
SunX BTC-USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SoDEX BTC-USD
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Perpl BTC