Funding you earn now, next payment 23:00 UTC+0.0455%/8h= +49.8% APRpaid last 24h +0.100%
Price spread now: Hyperliquid against GRVT+0.563%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$540.543% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 7 days−0.442%−$44 · spread now +0.563%, 7d avg +0.054%
=Together, before fees−0.199%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Hyperliquid is 0.509% dearer against GRVT than usual: you sell high and buy low: +$51 more if the spread goes back to its 7-day average of +0.054%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.242% in total (about 12.6% 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 ENA_USDT_Perp | 0.2082 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $352K | $4.6M | 10x |
| Short | Hyperliquid ENA | 0.2094 | 0.0555 | get 0.0069% / 1h | 56m 55s | $110.3M | $80.3M | 10x |
GRVT ENA_USDT_Perp
Hyperliquid ENAFunding 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
- $95.46
- Price spread: +0.563% → +0.054%
- $50.89
- Slippage, 4 orders
- −$36.25
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $92.1
- Costs to cover
- 0.543%
- Break-even
- 0.2 days
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 | 2.40 bp | 24.3 bp −$24 | 94.4 bp −$944 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.20 bp | 7.2 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
ENA on 42 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ENA_USDC | −0.0078% | 4h | 0.2090 | +0.366% | $40K | $24K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2089 | +0.346% | $92K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2089 | +0.332% | $96K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.984% | $522 | $57K | 5.5x | as long as short |
| Backpack ENA_USDC_PERP | +0.0066% | 1h | 0.2092 | +0.462% | $361K | $487K | 5x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0066% | 1h | 0.2089 | +0.331% | $2.6M | $5.6M | 50x | as long as short |
| Phoenix ENA | +0.0076% | 1h | 0.2089 | +0.327% | $5K | $356K | 10x | as long as short |
| 01 Exchange ENAUSD | +0.0080% | 1h | 0.2088 | +0.279% | $4K | $432 | 10x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2087 | +0.236% | $59K | $538K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2088 | +0.289% | $47K | $221 | 10x | as long as short |
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Backpack ENA_USDC_PERP
Kraken Futures PF_ENAUSD
Phoenix ENA
01 Exchange ENAUSD
Popdex ENAUSDT
Paradex ENA-USD-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado ENA-PERP | +0.0100% | 1h | 0.2088 | +0.277% | $655K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2094 | +0.571% | $1.5M | $3.3M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2089 | +0.329% | $404K | $587K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2095 | +0.620% | $128.8M | $464.3M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2096 | +0.649% | $87.1M | $193.4M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2096 | +0.678% | $20.2M | $113.4M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2085 | +0.126% | $20K | $412K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2089 | +0.332% | $82K | $223K | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2094 | +0.582% | $10.4M | $21.1M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2096 | +0.649% | $45.2M | $46.6M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2094 | +0.591% | $23.9M | $16.7M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2092 | +0.491% | $47.3M | $65.5M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2095 | +0.635% | — | $33.0M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2082 | 0.000% | $3.8M | $10.4M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2084 | +0.106% | $248K | $7.8M | 20x | as long as short |
| GRVT ENA_USDT_Perplong | +0.0100% | 4h | 0.2082 | long leg | $352K | $4.6M | 10x | |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2082 | −0.004% | $31K | $712K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2089 | +0.322% | $189K | $2.8M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2037 | −2.180% | $1K | $813K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2089 | +0.332% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2095 | +0.644% | $272K | $1.5M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2088 | +0.284% | $1.9M | $9.2M | 50x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2083 | +0.067% | $88K | $2K | 10x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2090 | +0.374% | $77K | $11K | 3x | as long as short |
| Extended ENA-USD | +0.0200% | 1h | 0.2094 | +0.557% | $1.6M | $4.2M | 50x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0216% / S −0.0165% | 1h | 0.2089 | +0.339% | $50K | — | 100x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2090 | +0.375% | $5.5M | $8.1M | 75x | as long as short |
| Lighter ENA | +0.0408% | 1h | 0.2092 | +0.462% | $5.6M | $12.9M | 10x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2088 | +0.277% | $1K | $5K | 15x | as long as short |
| Hyperliquid ENAshort | +0.0555% | 1h | 0.2094 | +0.563% | $110.3M | $80.3M | 10x | |
| Coinbase International ENA-PERP-INTX | +0.0576% | 1h | 0.2086 | +0.169% | $797K | $2.1M | 50x | as long as short |
| dYdX ENA-USD | +0.2005% | 1h | 0.2088 | +0.264% | $138K | $15K | 5x | as long as short |
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDT
Variational Omni ENA
edgeX ENAUSDC
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Bulk ENA-USD
Aevo ENA-PERP
Extended ENA-USD
GMX ENA/USD [ETH-USDC]
BloFin ENA-USDT
Lighter ENA
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX
dYdX ENA-USD