Funding you earn now, next payment 22:00 UTC+0.0315%/8h= +34.5% APRpaid last 24h +0.086%
Price spread now: Hyperliquid against GRVT+0.193%7-day average +0.164% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1251.250% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 3 days (all we have)−0.097%−$10 · spread now +0.193%, 7d avg +0.164%
=Together, before fees−0.007%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.029% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.164%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% 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 | GRVT EIGEN_USDT_Perp | 0.2414 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $188K | $2.1M | 10x |
| Short | Hyperliquid EIGEN | 0.2419 | 0.0415 | get 0.0052% / 1h | 19m 30s | $4.8M | $1.5M | 5x |
GRVT EIGEN_USDT_Perp
Hyperliquid EIGENFunding 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
- $66.08
- Price spread: +0.193% → +0.164%
- $2.93
- Slippage, 4 orders
- −$107.04
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$56.04
- Costs to cover
- 1.250%
- Break-even
- 12.9 days
Slippage from GRVT: live order book, 4 min ago; Hyperliquid: live order book, 2 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, 4 min ago | 2.07 bp | 47.0 bp −$47 | 142.8 bp −$1,428 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 2.06 bp | 23.2 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
EIGEN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit EIGEN_USDC-PERPETUAL | −0.0371% | 1h | 0.2412 | −0.093% | — | $86 | 10x | as long as short |
| dYdX EIGEN-USD | 0.0000% | 1h | 0.2414 | −0.020% | $3K | — | 5x | as long as short |
| 01 Exchange EIGENUSD | 0.0000% | 1h | 0.2412 | −0.097% | $818 | $5K | 10x | as long as short |
| Injective EIGEN/USDC PERP | +0.0033% | 1h | 0.2438 | +0.980% | $6 | $6 | 5.5x | as long as short |
| BloFin EIGEN-USDT | +0.0074% | 4h | 0.2413 | −0.056% | $349K | $137K | 75x | as long as short |
| Nado EIGEN-PERP | +0.0100% | 1h | 0.2412 | −0.076% | $29K | $16K | 3x | as long as short |
| Aster EIGENUSDT | +0.0100% | 4h | 0.2414 | −0.011% | $44K | $26K | 5x | as long as short |
| Binance EIGENUSDT | +0.0100% | 4h | 0.2412 | −0.097% | $8.2M | $20.1M | 75x | as long as short |
| Bybit EIGENUSDT | +0.0100% | 4h | 0.2413 | −0.056% | $9.6M | $8.0M | 50x | as long as short |
| OKX EIGEN-USDT-SWAP | +0.0100% | 4h | 0.2411 | −0.138% | $1.6M | $5.1M | 20x | as long as short |
Deribit EIGEN_USDC-PERPETUAL
dYdX EIGEN-USD
01 Exchange EIGENUSD
Injective EIGEN/USDC PERP
BloFin EIGEN-USDT
Nado EIGEN-PERP
Aster EIGENUSDT
Binance EIGENUSDT
Bybit EIGENUSDT
OKX EIGEN-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate EIGEN_USDT | +0.0100% | 4h | 0.2414 | −0.014% | $722K | $672K | 50x | as long as short |
| MEXC EIGEN_USDT | +0.0100% | 4h | 0.2412 | −0.097% | $8.5M | $2.2M | 125x | as long as short |
| KuCoin EIGENUSDTM | +0.0100% | 4h | 0.2414 | −0.014% | $2.4M | $10.8M | 50x | as long as short |
| Bitget EIGENUSDT | +0.0100% | 4h | 0.2413 | −0.056% | $1.9M | $1.3M | 75x | as long as short |
| BingX EIGEN-USDT | +0.0100% | 4h | 0.2412 | −0.097% | — | $1.6M | — | as long as short |
| Variational Omni EIGEN | +0.0100% | 4h | 0.2416 | +0.084% | $203K | $152K | — | as long as short |
| GRVT EIGEN_USDT_Perplong | +0.0100% | 4h | 0.2414 | long leg | $188K | $2.1M | 10x | |
| ApeX Omni EIGENUSDT | +0.0100% | 1h | 0.2416 | +0.069% | $36K | $235K | 50x | as long as short |
| Orderly PERP_EIGEN_USDC_mythos | +0.0100% | 4h | 0.2413 | −0.056% | $2K | $2K | 10x | as long as short |
| Extended EIGEN-USD | +0.0104% | 1h | 0.2412 | −0.098% | $91K | $496K | 10x | as long as short |
| Coinbase International EIGEN-PERP-INTX | +0.0144% | 1h | 0.2409 | −0.238% | $42K | $160K | 50x | as long as short |
| Lighter EIGEN | +0.0192% | 1h | 0.2416 | +0.060% | $563K | $413K | 5x | as long as short |
| GMX EIGEN/USD [ETH-USDC] | L +0.0195% / S −0.0568% | 1h | 0.2413 | −0.055% | $2K | — | 100x | as long as short |
| Kraken Futures PF_EIGENUSD | +0.0309% | 1h | 0.2418 | +0.140% | $174K | $68K | 20x | as long as short |
| Hyperliquid EIGENshort | +0.0415% | 1h | 0.2419 | +0.193% | $4.8M | $1.5M | 5x | |
| Reya EIGENRUSDPERP | +0.0512% | 1h | 0.2413 | −0.062% | $842 | — | 15x | as long as short |
Gate EIGEN_USDT
MEXC EIGEN_USDT
KuCoin EIGENUSDTM
Bitget EIGENUSDT
BingX EIGEN-USDT
Variational Omni EIGEN
ApeX Omni EIGENUSDT
Orderly PERP_EIGEN_USDC_mythos
Extended EIGEN-USD
Coinbase International EIGEN-PERP-INTX
Lighter EIGEN
GMX EIGEN/USD [ETH-USDC]
Kraken Futures PF_EIGENUSD
Reya EIGENRUSDPERP