Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%
Price spread now: Hyperliquid against GRVT+0.091%85s7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as 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−$1191.187% of the position
Funding, last 7 days+0.164%+$16 on $10k
+Price spread, last 3 days (all we have)−0.196%−$20 · spread now +0.091%, 7d avg +0.154%
=Together, before fees−0.032%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$3 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 0.063% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.154%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT FIL_USDT_Perp | 0.9863 | 0.0100 | pay 0.0100% / 8h | 7h 43m | $288K | $816K | 10x |
| Short | Hyperliquid FIL | 0.9872 | 0.0100 | get 0.0013% / 1h | 43m 57s | $8.5M | $9.5M | 5x |
GRVT FIL_USDT_Perp
Hyperliquid FILFunding 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
- $0
- Price spread: +0.091% → +0.154%
- −$6.3
- Slippage, 4 orders
- −$100.67
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$124.97
- Costs to cover
- 1.187%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 29 min ago; Hyperliquid: live order book, 8 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, 29 min ago | 10.16 bp | 55.2 bp −$55 | 132.5 bp −$1,325 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.36 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0458% | 1h | 0.9876 | +0.135% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0332% | 1h | 0.9874 | +0.113% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9874 | +0.115% | $317K | $1.8M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0035% | 8h | 0.9878 | +0.155% | $7.4M | $7.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0032% | 8h | 0.9880 | +0.175% | $18.0M | $98.9M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9877 | +0.146% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9880 | +0.176% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9871 | +0.081% | $695K | $2.9M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.078% | $2K | $240K | 12x | as long as short |
| Binance FILUSDT | +0.0033% | 8h | 0.9878 | +0.155% | $57.1M | $178.8M | 75x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Injective FIL/USDC PERP
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0057% | 8h | 0.9869 | +0.064% | $247K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0057% | 8h | 0.9873 | +0.104% | $10.9M | $21.6M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9867 | +0.043% | $158K | $345K | 5x | as long as short |
| Hyperliquid FILshort | +0.0100% | 1h | 0.9872 | +0.091% | $8.5M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9878 | +0.158% | $494K | $545K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9882 | +0.196% | $15.4M | $18.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9878 | +0.155% | $8.2M | $16.0M | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9881 | +0.186% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9868 | +0.053% | $440K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9853 | −0.093% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perplong | +0.0100% | 8h | 0.9863 | long leg | $288K | $816K | 10x | |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9860 | −0.027% | $30K | $196K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9883 | +0.210% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | +0.175% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9870 | +0.074% | $484 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9876 | +0.135% | $632K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9870 | +0.074% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0127% | 8h | 0.9872 | +0.094% | $2.7M | $571K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0539% / S −0.0538% | 1h | 0.9872 | +0.097% | $196K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]