Funding you earn now, next payment 22:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.032%
Price spread now: GRVT against Hyperliquid−0.174%65s7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as 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−$1131.130% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 3 days (all we have)+0.403%+$40 · spread now −0.174%, 7d avg −0.164%
=Together, before fees+0.239%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.164%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.164%, so the current rate has only just turned in your favour. The two prices were read 65 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 | Hyperliquid FIL | 0.9843 | 0.0057 | pay 0.0007% / 1h | 16m 31s | $8.6M | $9.5M | 5x |
| Short | GRVT FIL_USDT_Perp | 0.9826 | 0.0100 | get 0.0100% / 8h | 2h 16m | $287K | $801K | 10x |
Hyperliquid FIL
GRVT FIL_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Hyperliquid. 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
- $9.01
- Price spread: −0.174% → −0.164%
- −$1.03
- Slippage, 4 orders
- −$95.03
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$105.05
- Costs to cover
- 1.130%
- Break-even
- 88.6 days
Slippage from Hyperliquid: live order book, 6 min ago; GRVT: live order book, 6 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 Hyperliquid live order book, 6 min ago | 0.66 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 6 min ago | 10.16 bp | 75.1 bp −$75 | 258.1 bp −$2,581 | 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 | −0.1270% | 1h | 0.9851 | +0.080% | $169K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0622% | 1h | 0.9848 | +0.052% | $1.4M | $2.2M | 50x | as long as short |
| Lighter FIL | −0.0360% | 1h | 0.9835 | −0.085% | $157K | $337K | 5x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9853 | +0.101% | $316K | $1.9M | 50x | as long as short |
| Bybit FILUSDT | −0.0046% | 8h | 0.9844 | +0.009% | $15.5M | $17.9M | 25x | as long as short |
| Bitget FILUSDT | −0.0035% | 8h | 0.9842 | −0.011% | $10.8M | $21.7M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9850 | +0.068% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9843 | −0.002% | $57K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0016% | 8h | 0.9840 | −0.031% | $18.2M | $95.9M | 50x | as long as short |
| Variational Omni FIL | +0.0021% | 8h | 0.9844 | +0.009% | $437K | $276K | — | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Lighter FIL
Coinbase International FIL-PERP-INTX
Bybit FILUSDT
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Variational Omni FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FILUSDTM | +0.0028% | 8h | 0.9845 | +0.019% | $7.4M | $7.0M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9751 | −0.936% | $2K | $148K | 12x | as long as short |
| Hyperliquid FILlong | +0.0057% | 1h | 0.9843 | long leg | $8.6M | $9.5M | 5x | |
| Binance FILUSDT | +0.0095% | 8h | 0.9840 | −0.031% | $56.6M | $174.8M | 75x | as long as short |
| Extended FIL-USD | +0.0096% | 1h | 0.9839 | −0.045% | $685K | $2.3M | 10x | as long as short |
| MEXC FIL_USDC | +0.0098% | 8h | 0.9836 | −0.072% | $250K | $105K | 50x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9844 | +0.010% | $487K | $514K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9842 | −0.011% | $7.8M | $16.3M | 50x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9844 | +0.009% | — | $6.5M | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9829 | −0.142% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perpshort | +0.0100% | 8h | 0.9826 | −0.174% | $287K | $801K | 10x | |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9850 | +0.070% | $42K | $192K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9851 | +0.078% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9840 | −0.031% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9841 | −0.021% | $477 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9843 | −0.001% | $625K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9840 | −0.031% | $1.1M | $2.2M | 50x | as long as short |
| BloFin FIL-USDT | +0.0215% | 8h | 0.9842 | −0.011% | $2.6M | $642K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0625% / S −0.0759% | 1h | 0.9850 | +0.072% | $218K | — | 100x | as long as short |
KuCoin FILUSDTM
Injective FIL/USDC PERP
Binance FILUSDT
Extended FIL-USD
MEXC FIL_USDC
Aster FILUSDT
Gate FIL_USDT
BingX FIL-USDC
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]