Funding you earn now, next payment 01:00 UTC+0.0729%/8h= +79.8% APRpaid last 24h +0.143%
Price spread now: Hyperliquid against GRVT+0.376%45s7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as 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−$330.330% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 7 days−0.450%−$45 · spread now +0.376%, 7d avg +0.032%
=Together, before fees−0.333%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Hyperliquid is 0.343% dearer against GRVT than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.032%. The two prices were read 45 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 0.116% in total (about 6.1% 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 | GRVT DOGE_USDT_Perp | 0.09996 | 0.0100 | pay 0.0100% / 8h | 7h 46m | $635K | $4.6M | 10x |
| Short | Hyperliquid DOGE | 0.1003 | 0.0829 | get 0.0104% / 1h | 46m 43s | $119.4M | $91.6M | 10x |
GRVT DOGE_USDT_Perp
Hyperliquid DOGEFunding 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
- $153
- Price spread: +0.376% → +0.032%
- $34.34
- Slippage, 4 orders
- −$15.04
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $154.29
- Costs to cover
- 0.330%
- Break-even
- from the start
Slippage from GRVT: live order book, 2 min ago; Hyperliquid: live order book, 7 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, 2 min ago | 0.50 bp | 7.9 bp −$8 | 15.6 bp −$156 | 47.0 bp −$4,697 | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.50 bp | 6.2 bp −$6 | 8.1 bp −$81 | doesn't fit | doesn't fit |
DOGE on 44 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DOGEUSDT | −0.0197% | 8h | 0.1001 | +0.125% | $152.5M | $270.8M | 75x | as long as short |
| Kraken Futures PF_DOGEUSD | −0.0077% | 1h | 0.1001 | +0.136% | $6.0M | $33.9M | 50x | as long as short |
| Phemex DOGEUSDT | −0.0056% | 8h | 0.1001 | +0.176% | $92.5M | $19.0M | 50x | as long as short |
| Kalshi KXDOGEPERP | 0.0000% | 8h | 0.1001 | +0.156% | $397K | $4.9M | 2.8x | as long as short |
| Deribit DOGE_USDC-PERPETUAL | 0.0000% | 1h | 0.1001 | +0.119% | $602K | $120K | 25x | as long as short |
| gTrade (Gains Network) DOGE/USD | L +0.0001% / S 0.0000% | 1h | 0.1002 | +0.207% | $24K | — | 150x | as long as short |
| dYdX DOGE-USD | +0.0013% | 1h | 0.1000 | +0.055% | $225K | $44K | 10x | as long as short |
| Lighter DOGE | +0.0096% | 1h | 0.1003 | +0.299% | $860K | $5.7M | 15x | as long as short |
| Katana Perps DOGE-USD | +0.0100% | 8h | 0.1000 | +0.055% | $836 | $399K | 10x | as long as short |
| Nado DOGE-PERP | +0.0100% | 1h | 0.1001 | +0.090% | $514K | $976K | 10x | as long as short |
Bitget DOGEUSDT
Kraken Futures PF_DOGEUSD
Phemex DOGEUSDT
Kalshi KXDOGEPERP
Deribit DOGE_USDC-PERPETUAL
gTrade (Gains Network) DOGE/USD
dYdX DOGE-USD
Lighter DOGE
Katana Perps DOGE-USD
Nado DOGE-PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster DOGEUSDT | +0.0100% | 8h | 0.1002 | +0.209% | $4.9M | $46.5M | 75x | as long as short |
| Pacifica DOGE | +0.0100% | 1h | 0.1002 | +0.194% | $334K | $517K | 20x | as long as short |
| Binance DOGEUSDT | +0.0100% | 8h | 0.1001 | +0.089% | $316.9M | $1.40B | 75x | as long as short |
| Bybit DOGEUSDT | +0.0100% | 8h | 0.1000 | +0.075% | $158.5M | $438.1M | 75x | as long as short |
| OKX DOGE-USDT-SWAP | +0.0100% | 8h | 0.1001 | +0.085% | $110.3M | $963.4M | 50x | as long as short |
| Arcus DOGE-USD | +0.0100% | 1h | 0.1001 | +0.155% | $28K | $82K | 10x | as long as short |
| Bulk DOGE-USD | +0.0100% | 1h | 0.10000 | +0.033% | $383K | $12K | 10x | as long as short |
| Gate DOGE_USDT | +0.0100% | 8h | 0.1002 | +0.206% | $242.2M | $127.5M | 75x | as long as short |
| MEXC DOGE_USDT | +0.0100% | 8h | 0.1002 | +0.246% | $112.1M | $223.0M | 300x | as long as short |
| KuCoin DOGEUSDTM | +0.0100% | 8h | 0.1002 | +0.236% | $65.7M | $42.7M | 75x | as long as short |
| BingX DOGE-USDC | +0.0100% | 8h | 0.1002 | +0.206% | — | $3.4M | — | as long as short |
| Backpack DOGE_USDC_PERP | +0.0100% | 1h | 0.1002 | +0.236% | $381K | $1.1M | 15x | as long as short |
| Variational Omni DOGE | +0.0100% | 8h | 0.09982 | −0.145% | $1.0M | $8.1M | — | as long as short |
| edgeX DOGEUSDC | +0.0100% | 4h | 0.09983 | −0.134% | $262K | $122.0M | 20x | as long as short |
| GRVT DOGE_USDT_Perplong | +0.0100% | 8h | 0.09996 | long leg | $635K | $4.6M | 10x | |
| ApeX Omni DOGEUSDT | +0.0100% | 1h | 0.09990 | −0.065% | $147K | $260K | 25x | as long as short |
| Polymarket Perps DOGE-USD | +0.0100% | 1h | 0.1001 | +0.095% | $263K | $557K | 10x | as long as short |
| Orderly PERP_DOGE_USDC | +0.0100% | 8h | 0.1002 | +0.216% | $73K | $446K | 50x | as long as short |
| Derive DOGE-PERP | +0.0100% | 1h | 0.1002 | +0.211% | $25K | $1K | 10x | as long as short |
| SunX DOGE-USDT | +0.0100% | 8h | 0.1002 | +0.226% | $35K | $2.2M | 30x | as long as short |
| SoDEX DOGE-USD | +0.0100% | 1h | 0.1001 | +0.145% | $2K | $3.7M | 10x | as long as short |
| HTX DOGE-USDT | +0.0100% | 8h | 0.1001 | +0.152% | $6.0M | $52.4M | 75x | as long as short |
| Paradex DOGE-USD-PERP | +0.0100% | 8h | 0.1000 | +0.085% | $18K | $5K | 30x | as long as short |
| Extended DOGE-USD | +0.0104% | 1h | 0.1002 | +0.220% | $616K | $3.9M | 50x | as long as short |
| Aevo DOGE-PERP | +0.0104% | 1h | 0.1001 | +0.128% | $19K | — | 3x | as long as short |
| Reya DOGERUSDPERP | +0.0181% | 1h | 0.1001 | +0.114% | $2K | — | 20x | as long as short |
| 01 Exchange DOGEUSD | +0.0192% | 1h | 0.1001 | +0.161% | $529 | $4K | 10x | as long as short |
| BloFin DOGE-USDT | +0.0220% | 8h | 0.1001 | +0.176% | $15.3M | $25.4M | 75x | as long as short |
| Coinbase International DOGE-PERP-INTX | +0.0240% | 1h | 0.1001 | +0.176% | $2.0M | $24.7M | 50x | as long as short |
| Phoenix DOGE | +0.0240% | 1h | 0.09989 | −0.075% | $67K | $283K | 10x | as long as short |
| GMX DOGE/USD [ETH-USDC] | L +0.0244% / S −0.0263% | 1h | 0.1001 | +0.136% | $309K | — | 200x | as long as short |
| RISEx DOGE/USDC | +0.0701% | 1h | 0.1001 | +0.145% | $317K | $478K | 10x | as long as short |
| Hyperliquid DOGEshort | +0.0829% | 1h | 0.1003 | +0.376% | $119.4M | $91.6M | 10x | |
| Injective DOGE/USDC PERP | +0.0973% | 1h | 0.1003 | +0.336% | $5K | $239K | 12x | as long as short |
Aster DOGEUSDT
Pacifica DOGE
Binance DOGEUSDT
Bybit DOGEUSDT
OKX DOGE-USDT-SWAP
Arcus DOGE-USD
Bulk DOGE-USD
Gate DOGE_USDT
MEXC DOGE_USDT
KuCoin DOGEUSDTM
BingX DOGE-USDC
Backpack DOGE_USDC_PERP
Variational Omni DOGE
edgeX DOGEUSDC
ApeX Omni DOGEUSDT
Polymarket Perps DOGE-USD
Orderly PERP_DOGE_USDC
Derive DOGE-PERP
SunX DOGE-USDT
SoDEX DOGE-USD
HTX DOGE-USDT
Paradex DOGE-USD-PERP
Extended DOGE-USD
Aevo DOGE-PERP
Reya DOGERUSDPERP
01 Exchange DOGEUSD
BloFin DOGE-USDT
Coinbase International DOGE-PERP-INTX
Phoenix DOGE
GMX DOGE/USD [ETH-USDC]
RISEx DOGE/USDC
Injective DOGE/USDC PERP