Funding you earn now, next payment 00:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h −0.033%
Price spread now: GRVT against Deribit−0.001%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 3 days (all we have)−0.039%−$4 · spread now −0.001%, 7d avg −0.026%
=Together, before fees−0.014%+ Points / potential airdropGRVT: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.024% dearer against Deribit than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.026%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% 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 | Deribit HYPE_USDC-PERPETUAL | 93.968 | 0.0314 | pay 0.0039% / 1h | 6m 57s | $7.5M | $4.6M | 50x |
| Short | GRVT HYPE_USDT_Perp | 93.967 | 0.0100 | get 0.0050% / 4h | 6m 57s | $7.6M | $45.6M | 10x |
Deribit HYPE_USDC-PERPETUAL
GRVT HYPE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Deribit. 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
- −$44.94
- Price spread: −0.001% → −0.026%
- $2.42
- Slippage, 4 orders
- −$6.41
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$64.93
- Costs to cover
- 0.224%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 2 min ago; GRVT: 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 Deribit live order book, 2 min ago | 2.13 bp | 5.8 bp −$6 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 0.05 bp | 4.6 bp −$5 | 4.9 bp −$49 | doesn't fit | doesn't fit |
HYPE on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1320% | 1h | 93.960 | −0.009% | $199K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0379% | 1h | 93.902 | −0.071% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.780 | −0.200% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0117% | 1h | 93.830 | −0.147% | $705K | $917K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.824 | −0.153% | $86K | $368K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.921 | −0.050% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0004% | 4h | 93.877 | −0.097% | $170K | $593K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.941 | −0.028% | $128K | $30K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.862 | −0.113% | $23K | $329K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.893 | −0.080% | $27K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Derive HYPE-PERP | +0.0003% | 1h | 93.811 | −0.167% | $16.4M | $7.2M | 10x | as long as short |
| Phoenix HYPE | +0.0009% | 1h | 93.978 | +0.011% | $217K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0019% | 4h | 93.893 | −0.080% | $8.9M | $36.1M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0019% | 8h | 93.860 | −0.115% | $322.9M | $283.9M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0037% | 8h | 93.901 | −0.071% | $12.8M | $2.6M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0052% | 4h | 93.890 | −0.083% | $88.4M | $82.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0052% | 4h | 93.871 | −0.103% | $383.7M | $898.4M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0064% | 1h | 93.825 | −0.152% | $60K | $1.2M | 50x | as long as short |
| Gate HYPE_USDT | +0.0070% | 4h | 93.884 | −0.089% | $44.1M | $60.0M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0070% | 4h | 93.898 | −0.074% | $5.1M | $29.7M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0089% | 8h | 93.861 | −0.114% | $115.9M | $322.5M | 50x | as long as short |
| Bullet HYPE-USD | +0.0094% | 1h | 93.867 | −0.108% | $112K | $578K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.927 | −0.043% | $18.9M | $60.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.902 | −0.070% | $3.1M | $12.3M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.877 | −0.097% | $399K | $318K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.820 | −0.158% | $38K | $1.6M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.933 | −0.037% | $341K | $171K | 20x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.905 | −0.067% | $5.7M | $44.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.000 | +0.034% | $2.04B | $679.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.927 | −0.044% | $10.1M | $14.5M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.889 | −0.084% | $205K | $7K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.892 | −0.081% | $46.5M | $18.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.873 | −0.101% | $227.3M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.875 | −0.099% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.912 | −0.060% | $7.9M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.811 | −0.167% | $31.2M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perpshort | +0.0100% | 4h | 93.967 | −0.001% | $7.6M | $45.6M | 10x | |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.874 | −0.100% | $364K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.956 | −0.013% | $679K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.896 | −0.077% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.869 | −0.105% | $471K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.861 | −0.114% | $76K | $171K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.865 | −0.110% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.870 | −0.104% | $2.0M | $2.0M | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.0104% | 1h | 94.410 | +0.470% | $31K | $338K | 12x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.875 | −0.099% | $18.3M | $42.8M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 93.940 | −0.030% | $4.9M | $5.7M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0156% | 8h | 93.887 | −0.086% | $1.9M | $5.0M | 2.3x | as long as short |
| HTX HYPE-USDT | +0.0191% | 4h | 94.050 | +0.087% | $1.5M | $7.8M | 75x | as long as short |
| BloFin HYPE-USDT | +0.0210% | 4h | 93.870 | −0.104% | $17.0M | $12.6M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0250% | 1h | 93.863 | −0.112% | $77K | $142K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 93.895 | −0.077% | $2.8M | $6.8M | 20x | as long as short |
| Deribit HYPE_USDC-PERPETUALlong | +0.0314% | 1h | 93.968 | long leg | $7.5M | $4.6M | 50x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0163% | 1h | 93.896 | −0.077% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0577% | 1h | 93.987 | +0.020% | $21.0M | $29.5M | 50x | as long as short |
Derive HYPE-PERP
Phoenix HYPE
Aster HYPEUSDT
Bybit HYPEUSDT
Phemex HYPEUSDT
MEXC HYPE_USDT
Binance HYPEUSDT
Popdex HYPEUSDT
Gate HYPE_USDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Bullet HYPE-USD
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Katana Perps HYPE-USD
Paradex HYPE-USD-PERP
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Injective HYPE/USDC PERP
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
HTX HYPE-USDT
BloFin HYPE-USDT
Reya HYPERUSDPERP
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD