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

DOT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against GRVT−0.033%65s7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2112.111% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.119%−$12 on $10k
Price spread, last 4 days (all we have)−0.124%−$12 · spread now −0.033%, 7d avg +0.012%
Together, before fees−0.243%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$24 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 0.045% cheaper against GRVT than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT DOT_USDT_Perp1.18740.0100pay 0.0100% / 8h4h 58m$226K$407K10x
ShortHyperliquid DOT1.18700.0100get 0.0013% / 1h58m 24s$5.3M$3.5M10x

Funding 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 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: −0.033% → +0.012%
−$4.52
Slippage, 4 orders
−$193.06
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$215.58
Costs to cover
2.111%
Break-even
never at this rate
Slippage from GRVT: live order book, 64 min ago; Hyperliquid: live order book, 3 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 GRVT live order book, 64 min ago4.16 bp59.6 bp −$60141.7 bp −$1,417doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago1.26 bp7.9 bp −$8doesn't fitdoesn't fitdoesn't fit

DOT on 29 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
Deribit DOT_USDC-PERPETUAL−0.2267%1h1.1890+0.135%$227K$114K50xas long as short
Coinbase International DOT-PERP-INTX−0.0608%1h1.1880+0.051%$196K$1.9M50xas long as short
Reya DOTRUSDPERP−0.0166%1h1.1859−0.124%$257as long as short
Backpack DOT_USDC_PERP−0.0139%1h1.1873−0.008%$93K$129K10xas long as short
dYdX DOT-USD0.0000%1h1.1885+0.094%$143K$6K10xas long as short
gTrade (Gains Network) DOT/USDL 0.0000% / S +0.0004%1h1.1864−0.087%$3K150xas long as short
Injective DOT/USDC PERP+0.0033%1h1.2020+1.230%$328$121K12xas long as short
Lighter DOT+0.0096%1h1.1888+0.117%$268K$632K10xas long as short
OKX DOT-USDT-SWAP+0.0100%8h1.1864−0.084%$9.4M$24.1M50xas long as short
Hyperliquid DOTshort+0.0100%1h1.1870−0.033%$5.3M$3.5M10x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster DOTUSDT+0.0100%8h1.1888+0.115%$858K$709K50xas long as short
Binance DOTUSDT+0.0100%8h1.1877+0.022%$43.6M$85.1M75xas long as short
Bybit DOTUSDT+0.0100%8h1.1869−0.042%$24.4M$19.0M75xas long as short
Gate DOT_USDT+0.0100%8h1.1880+0.051%$6.7M$11.7M75xas long as short
MEXC DOT_USDT+0.0100%8h1.1865−0.075%$34.7M$50.4M300xas long as short
KuCoin DOTUSDTM+0.0100%8h1.1875+0.009%$6.5M$9.1M75xas long as short
Bitget DOTUSDT+0.0100%8h1.1860−0.118%$22.7M$14.8M75xas long as short
BingX DOT-USDT+0.0100%8h1.1861−0.109%$29.7Mas long as short
Variational Omni DOT+0.0100%8h1.1873−0.007%$540K$58Kas long as short
edgeX DOTUSDC+0.0100%4h1.1871−0.024%$35K$336K20xas long as short
GRVT DOT_USDT_Perplong+0.0100%8h1.1874long leg$226K$407K10x
Orderly PERP_DOT_USDC+0.0100%8h1.1880+0.051%$8K$24K10xas long as short
SunX DOT-USDT+0.0100%8h1.1888+0.118%$2K$1.3M20xas long as short
HTX DOT-USDT+0.0100%8h1.1877+0.026%$258K$242K75xas long as short
Extended DOT-USD+0.0104%1h1.1873−0.012%$14K$303K25xas long as short
Kraken Futures PF_DOTUSD+0.0213%1h1.1877+0.025%$4.4M$1.5M50xas long as short
Phemex DOTUSDT+0.0216%8h1.1890+0.135%$2.3M$2.2M50xas long as short
BloFin DOT-USDT+0.0220%8h1.1867−0.059%$2.2M$873K75xas long as short
GMX DOT/USD [WBTC.b-USDC]L +0.0302% / S −0.1012%1h1.1863−0.089%$22K100xas long as short