Settings8H · net · $10k
Funding arb · Price arb /

CC

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.053%
Price spread now: GRVT against Hyperliquid+0.156%85s7-day average −0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$960.959% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.164%−$16 on $10k
Price spread, last 7 days−0.323%−$32 · spread now +0.156%, 7d avg −0.068%
Together, before fees−0.487%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board−$49 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 0.224% dearer against Hyperliquid than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.068%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CC0.11680.0100pay 0.0013% / 1h57m 51s$5.5M$1.4M3x
ShortGRVT CC_USDT_Perp0.11700.0100get 0.0050% / 4h57m 51s$90K$2.4M10x

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

Funding earned
$0
Price spread: +0.156% → −0.068%
$22.4
Slippage, 4 orders
−$77.94
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$73.54
Costs to cover
0.959%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; GRVT: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 4 min ago1.71 bp10.5 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 6 min ago2.99 bp19.8 bp −$20doesn't fitdoesn't fitdoesn't fit

CC on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective CC/USDC PERP−0.3024%1h0.1180+1.036%$402$3K5.5xas long as short
Bybit CCUSDT−0.0143%4h0.1166−0.180%$10.6M$3.8M25xas long as short
MEXC CC_USDT−0.0136%4h0.1166−0.197%$1.7M$323K100xas long as short
Paradex CC-USD-PERP+0.0098%8h0.1170+0.170%$1K5xas long as short
Hyperliquid CClong+0.0100%1h0.1168long leg$5.5M$1.4M3x
Aster CCUSDT+0.0100%4h0.1169+0.115%$34K$32K20xas long as short
Binance CCUSDT+0.0100%4h0.1165−0.214%$11.0M$12.1M75xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1166−0.163%$2.5M$3.4M20xas long as short
Gate CC_USDT+0.0100%4h0.1166−0.171%$361K$216K50xas long as short
KuCoin CCUSDTM+0.0100%4h0.1168−0.017%$481K$122K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1166−0.154%$913K$774K20xas long as short
BingX CC-USDT+0.0100%4h0.1166−0.154%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1166−0.171%$15K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1170+0.146%$595K$55Kas long as short
GRVT CC_USDT_Perpshort+0.0100%4h0.1170+0.156%$90K$2.4M10x
Derive CC-PERP+0.0100%1h0.1167−0.114%$6K$35K6.7xas long as short
BloFin CC-USDT+0.0340%4h0.11680.000%$597K$98K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0447% / S −0.0241%1h0.1169+0.052%$44K50xas long as short
Lighter CC+0.0592%1h0.1172+0.377%$243K$160K5xas long as short