Funding you earn now, next payment 23:00 UTC−0.0671%/8h= −73.5% APRpaid last 24h −0.178%
Price spread now: GRVT against Hyperliquid−0.217%65s7-day average −0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as 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−$1011.011% of the position
Funding, last 7 days−0.243%−$24 on $10k
+Price spread, last 7 days+0.313%+$31 · spread now −0.217%, 7d avg −0.155%
=Together, before fees+0.070%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GRVT is 0.062% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.155%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.243% in total (about -12.7% 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 CFX | 0.05352 | 0.0771 | pay 0.0096% / 1h | 24m 29s | $3.2M | $404K | 5x |
| Short | GRVT CFX_USDT_Perp | 0.05340 | 0.0100 | get 0.0100% / 8h | 1h 24m | $511K | $1.9M | 10x |
Hyperliquid CFX
GRVT CFX_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
- −$140.91
- Price spread: −0.217% → −0.155%
- −$6.2
- Slippage, 4 orders
- −$83.07
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$248.18
- Costs to cover
- 1.011%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; GRVT: 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 Hyperliquid live order book, 7 min ago | 0.84 bp | 25.0 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 4 min ago | 2.81 bp | 18.9 bp −$19 | 53.9 bp −$539 | doesn't fit | doesn't fit |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CFX_USDT | +0.0037% | 8h | 0.05342 | −0.185% | $1.1M | $3.0M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05348 | −0.081% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05342 | −0.191% | $5.4M | $11.2M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05342 | −0.185% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05339 | −0.241% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05346 | −0.110% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05347 | −0.092% | $885K | $297K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05342 | −0.185% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05345 | −0.129% | — | $20.7M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05334 | −0.338% | $37K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perpshort | +0.0100% | 8h | 0.05340 | −0.217% | $511K | $1.9M | 10x | |
| Extended CFX-USD | +0.0104% | 1h | 0.05347 | −0.098% | $132 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0392% | 1h | 0.05345 | −0.129% | $35K | $196K | 50x | as long as short |
| Hyperliquid CFXlong | +0.0771% | 1h | 0.05352 | long leg | $3.2M | $404K | 5x | |
| Kraken Futures PF_CFXUSD | +0.2044% | 1h | 0.05355 | +0.057% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2181% | 1h | 0.05360 | +0.151% | $142 | $29 | 10x | as long as short |
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL