Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%
Price spread now: Bluefin against GRVT−0.269%72s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as 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−$360.361% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 3 days (all we have)+0.173%+$17 · spread now −0.269%, 7d avg −0.021%
=Together, before fees+0.083%+ Points / potential airdropGRVT: Active · farm board+$8 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: Bluefin is 0.248% cheaper against GRVT than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 72 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 HYPE_USDT_Perp | 93.268 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $7.5M | $46.0M | 10x |
| Short | Bluefin HYPE-PERP | 93.017 | 0.0100 | get 0.0013% / 1h | 35m 43s | $76K | $167K | 20x |
GRVT HYPE_USDT_Perp
Bluefin HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin 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: −0.269% → −0.021%
- −$24.76
- Slippage, 4 orders
- −$20.15
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$60.91
- Costs to cover
- 0.361%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; Bluefin: live order book, 48 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, 3 min ago | 0.05 bp | 4.6 bp −$5 | 4.7 bp −$47 | 802.9 bp −$80.3K | doesn't fit |
| Sell Bluefin live order book, 48 min ago | 1.92 bp | 12.2 bp −$12 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0361% | 1h | 93.192 | −0.081% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0192% | 1h | 93.147 | −0.129% | $197K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.027 | −0.258% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0105% | 1h | 93.070 | −0.212% | $698K | $923K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.118 | −0.160% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0016% | 1h | 93.044 | −0.240% | $90K | $362K | 20x | as long as short |
| Popdex HYPEUSDT | −0.0008% | 1h | 93.039 | −0.245% | $58K | $1.2M | 50x | as long as short |
| Aster HYPEUSDT | −0.0001% | 4h | 93.073 | −0.209% | $8.8M | $36.0M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.036 | −0.248% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.046 | −0.238% | $23K | $331K | 10x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Popdex HYPEUSDT
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPEShow 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 | 93.060 | −0.223% | $20K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0027% | 8h | 93.080 | −0.201% | $323.0M | $286.9M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0031% | 4h | 93.051 | −0.232% | $171K | $519K | 20x | as long as short |
| Derive HYPE-PERP | +0.0031% | 1h | 92.993 | −0.295% | $16.3M | $7.1M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.374 | +0.114% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0035% | 1h | 93.010 | −0.277% | $111K | $579K | 20x | as long as short |
| Gate HYPE_USDT | +0.0040% | 4h | 93.033 | −0.252% | $43.8M | $58.0M | 75x | as long as short |
| Binance HYPEUSDT | +0.0083% | 4h | 93.090 | −0.190% | $382.7M | $892.9M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0088% | 4h | 93.074 | −0.208% | $89.8M | $81.8M | 100x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.121 | −0.158% | $18.5M | $58.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.065 | −0.217% | $3.1M | $12.1M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0098% | 8h | 93.065 | −0.218% | $338K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.060 | −0.223% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.035 | −0.249% | $5.9M | $44.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.058 | −0.225% | $2.02B | $670.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.111 | −0.168% | $10.0M | $14.3M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.084 | −0.197% | $113.7M | $313.5M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.390 | +0.131% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.034 | −0.250% | $47.1M | $18.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.042 | −0.242% | $225.5M | $102.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.026 | −0.259% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.011 | −0.275% | $7.8M | $11.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.354 | +0.093% | $29.0M | $50.5M | — | as long as short |
| GRVT HYPE_USDT_Perplong | +0.0100% | 4h | 93.268 | long leg | $7.5M | $46.0M | 10x | |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.246 | −0.023% | $412K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.129 | −0.149% | $674K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.096 | −0.184% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.067 | −0.215% | $492K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERPshort | +0.0100% | 1h | 93.017 | −0.269% | $76K | $167K | 20x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.069 | −0.213% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.005 | −0.282% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.047 | −0.237% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.999 | −0.288% | $18.2M | $42.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.998 | −0.289% | $396K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0106% | 4h | 93.228 | −0.042% | $5.1M | $29.6M | 30x | as long as short |
| Kalshi KXHYPEPERP | +0.0106% | 8h | 93.149 | −0.127% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.120 | −0.158% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.070 | −0.212% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.017 | −0.269% | $77K | $158K | 15x | as long as short |
| HTX HYPE-USDT | +0.0257% | 4h | 93.200 | −0.073% | $1.5M | $7.7M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.113 | −0.166% | $2.8M | $6.8M | 20x | as long as short |
| BloFin HYPE-USDT | +0.0329% | 4h | 93.087 | −0.194% | $16.9M | $12.4M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0159% | 1h | 93.052 | −0.231% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0416% | 1h | 93.131 | −0.146% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0467% | 1h | 93.092 | −0.188% | $20.8M | $28.9M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Derive HYPE-PERP
Phoenix HYPE
Bullet HYPE-USD
Gate HYPE_USDT
Binance HYPEUSDT
MEXC HYPE_USDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
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
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
HTX HYPE-USDT
RISEx HYPE/USDC
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD