Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.058%
Price spread now: BloFin against GRVT+0.020%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs+$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Funding, last 7 days+0.471%+$47 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.020%, 7d avg −0.009%
=Together, before fees+0.428%+ Points / potential airdropGRVT: Active · farm board+$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.029% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT HYPE_USDT_Perp | 93.294 | 0.0100 | pay 0.0050% / 4h | 2h 22m | $7.5M | $47.1M | 10x |
| Short | BloFin HYPE-USDT | 93.312 | 0.0340 | get 0.0170% / 4h | 2h 22m | $16.8M | $11.9M | 75x |
GRVT HYPE_USDT_Perp
BloFin HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $50.4
- Price spread: +0.020% → −0.009%
- $2.9
- Slippage, 4 orders
- −$1.54
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $30.76
- Costs to cover
- 0.225%
- Break-even
- 2.7 days
Slippage from GRVT: live order book, 2 min ago; BloFin: 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 | 0.05 bp | 4.8 bp −$5 | 6.3 bp −$63 | 5164.2 bp −$516.4K | doesn't fit |
| Sell BloFin live order book, 7 min ago | 0.05 bp | 6.5 bp −$6 | 7.0 bp −$70 | 12.9 bp −$1,294 | 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 | −0.1408% | 1h | 93.184 | −0.118% | $197K | $238K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0385% | 1h | 93.269 | −0.026% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.373 | +0.085% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0055% | 1h | 93.432 | +0.148% | $111K | $581K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0021% | 4h | 93.428 | +0.144% | $146K | $672K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0008% | 1h | 93.467 | +0.186% | $88K | $365K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.395 | +0.109% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.399 | +0.113% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.450 | +0.168% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.368 | +0.080% | $1.0M | $3.9M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0012% | 4h | 93.430 | +0.146% | $225.4M | $98.9M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0019% | 8h | 93.441 | +0.158% | $317.3M | $282.2M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.255 | −0.041% | $207K | $1.2M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0030% | 1h | 93.240 | −0.057% | $702K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0060% | 8h | 93.318 | +0.026% | $12.7M | $2.8M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.101 | −0.206% | $4.9M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.398 | +0.112% | $340K | $157K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.363 | +0.075% | $16.1M | $63.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.365 | +0.077% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.435 | +0.152% | $75K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.410 | +0.125% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.355 | +0.065% | $8.0M | $48.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.467 | +0.186% | $2.03B | $665.7M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.427 | +0.143% | $8.7M | $36.3M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.390 | +0.104% | $10.1M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.436 | +0.153% | $374.7M | $911.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.467 | +0.186% | $114.7M | $309.9M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.358 | +0.069% | $216K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.414 | +0.129% | $47.0M | $54.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.444 | +0.161% | $90.3M | $81.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.424 | +0.140% | $46.2M | $18.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.431 | +0.147% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.329 | +0.038% | $7.1M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.070 | −0.240% | $28.4M | $56.3M | — | as long as short |
| GRVT HYPE_USDT_Perplong | +0.0100% | 4h | 93.294 | long leg | $7.5M | $47.1M | 10x | |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.095 | −0.213% | $341K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.255 | −0.041% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.456 | +0.174% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.444 | +0.161% | $484K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.460 | +0.178% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.258 | −0.038% | $16.1M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.224 | −0.075% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.278 | −0.017% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.350 | +0.060% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.370 | +0.082% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.249 | −0.047% | $394K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0108% | 8h | 93.314 | +0.022% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.140 | −0.165% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.250 | −0.047% | $4.6M | $5.8M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0269% | 1h | 93.415 | +0.131% | $80K | $127K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.449 | +0.167% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDTshort | +0.0340% | 4h | 93.312 | +0.020% | $16.8M | $11.9M | 75x | |
| Kraken Futures PF_HYPEUSD | +0.0341% | 1h | 93.327 | +0.036% | $20.8M | $29.5M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0436% | 1h | 93.348 | +0.058% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.470 | +0.190% | $3.2M | $6.2M | 20x | as long as short |
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Ondo Perps HYPE-USD.P
Phemex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC