Funding you earn now, next payment 22:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h −0.007%
Price spread now: GRVT against Derive+0.153%7-day average +0.057% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.204%+$20 · spread now +0.153%, 7d avg +0.057%
=Together, before fees+0.203%+ Points / potential airdropGRVT: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.096% dearer against Derive than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 93.260 | 0.0058 | pay 0.0007% / 1h | 56m 37s | $16.4M | $7.1M | 10x |
| Short | GRVT HYPE_USDT_Perp | 93.403 | 0.0100 | get 0.0050% / 4h | 2h 56m | $7.5M | $46.8M | 10x |
Derive HYPE-PERP
GRVT HYPE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Derive. 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
- $8.73
- Price spread: +0.153% → +0.057%
- $9.59
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $3.31
- Costs to cover
- 0.150%
- Break-even
- 4.3 days
Slippage unknown: Derive: no order-book sample; GRVT: live order book, 3 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 3 min ago | 0.05 bp | 4.6 bp −$5 | 5.2 bp −$52 | doesn't fit | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1360% | 1h | 93.304 | +0.047% | $197K | $239K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0119% | 1h | 93.260 | 0.000% | $699K | $952K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 93.253 | −0.008% | $89K | $340K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.294 | +0.036% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0078% | 1h | 93.364 | +0.111% | $22K | $22K | 10x | as long as short |
| Gate HYPE_USDT | −0.0002% | 4h | 93.279 | +0.020% | $44.1M | $56.1M | 75x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.341 | +0.086% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.419 | +0.170% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.260 | 0.000% | $24K | $343K | 10x | as long as short |
| Aster HYPEUSDT | +0.0002% | 4h | 93.281 | +0.022% | $8.9M | $36.5M | 300x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
Gate HYPE_USDT
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.334 | +0.078% | $20K | — | 150x | as long as short |
| Popdex HYPEUSDT | +0.0032% | 1h | 93.252 | −0.009% | $56K | $1.2M | 50x | as long as short |
| Bybit HYPEUSDT | +0.0041% | 8h | 93.264 | +0.004% | $325.1M | $289.1M | 75x | as long as short |
| Derive HYPE-PERPlong | +0.0058% | 1h | 93.260 | long leg | $16.4M | $7.1M | 10x | |
| Orderly PERP_HYPE_USDC | +0.0078% | 4h | 93.315 | +0.058% | $180K | $537K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0079% | 1h | 93.301 | +0.043% | $76K | $168K | 20x | as long as short |
| Bullet HYPE-USD | +0.0087% | 1h | 93.302 | +0.044% | $112K | $583K | 20x | as long as short |
| Phoenix HYPE | +0.0094% | 1h | 93.444 | +0.197% | $216K | $1.1M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.353 | +0.100% | $18.5M | $58.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.322 | +0.066% | $3.1M | $12.3M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.300 | +0.042% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.278 | +0.018% | $6.0M | $44.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.361 | +0.108% | $2.03B | $674.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.327 | +0.071% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.300 | +0.042% | $386.2M | $893.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.255 | −0.006% | $114.6M | $315.9M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.246 | −0.016% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.386 | +0.135% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.301 | +0.043% | $92.2M | $81.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.296 | +0.038% | $46.2M | $19.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.278 | +0.019% | $226.7M | $102.1M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.277 | +0.018% | — | $54.5M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.345 | +0.091% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.466 | +0.221% | $28.9M | $50.1M | — | as long as short |
| GRVT HYPE_USDT_Perpshort | +0.0100% | 4h | 93.403 | +0.153% | $7.5M | $46.8M | 10x | |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.402 | +0.152% | $405K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.364 | +0.111% | $675K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.359 | +0.106% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.355 | +0.101% | $493K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.291 | +0.033% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.296 | +0.038% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.351 | +0.097% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.327 | +0.071% | $339K | $171K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.255 | −0.006% | $18.4M | $41.0M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.318 | +0.062% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.382 | +0.131% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.380 | +0.128% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0244% | 1h | 93.311 | +0.055% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.220 | −0.043% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0165% | 1h | 93.331 | +0.076% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.309 | +0.052% | $17.2M | $12.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0371% | 1h | 93.414 | +0.165% | $7.4M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0432% | 4h | 93.459 | +0.213% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.319 | +0.062% | $2.7M | $6.9M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.440 | +0.192% | $18.7M | $24.8M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Popdex HYPEUSDT
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Bluefin HYPE-PERP
Bullet HYPE-USD
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
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
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD