Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%
Price spread now: Derive against GRVT+0.262%7-day average −0.062% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)−0.618%−$62 · spread now +0.262%, 7d avg −0.062%
=Together, before fees−0.643%+ Points / potential airdropGRVT: Active · farm board−$64 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: Derive is 0.324% dearer against GRVT than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT HYPE_USDT_Perp | 93.288 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $7.5M | $45.6M | 10x |
| Short | Derive HYPE-PERP | 93.532 | 0.0100 | get 0.0013% / 1h | 43m 02s | $16.2M | $7.6M | 10x |
GRVT HYPE_USDT_Perp
Derive HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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: +0.262% → −0.062%
- $32.38
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $17.38
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: GRVT: live order book, 6 min ago; Derive: no order-book sample. 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 GRVT live order book, 6 min ago | 0.05 bp | 5.1 bp −$5 | 6.1 bp −$61 | 10936.2 bp −$1.09M | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | −0.1240% | 1h | 93.378 | +0.096% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.355 | +0.072% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0178% | 1h | 93.529 | +0.259% | $79K | $170K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0086% | 8h | 93.495 | +0.222% | $12.6M | $2.7M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.485 | +0.211% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0046% | 4h | 93.514 | +0.243% | $156K | $629K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0041% | 1h | 93.400 | +0.120% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.500 | +0.228% | $85K | $346K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0009% | 1h | 93.360 | +0.077% | $698K | $978K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.446 | +0.170% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Bluefin HYPE-PERP
Phemex HYPEUSDT
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.474 | +0.199% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.557 | +0.288% | $62K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0008% | 4h | 93.573 | +0.306% | — | $53.0M | — | as long as short |
| Aster HYPEUSDT | +0.0021% | 4h | 93.543 | +0.274% | $8.8M | $35.6M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.549 | +0.280% | $213K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 93.570 | +0.303% | $323.0M | $276.8M | 75x | as long as short |
| Bullet HYPE-USD | +0.0050% | 1h | 93.513 | +0.241% | $111K | $578K | 20x | as long as short |
| Gate HYPE_USDT | +0.0052% | 4h | 93.563 | +0.295% | $44.6M | $54.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.565 | +0.297% | $114.5M | $302.8M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.594 | +0.329% | $16.4M | $61.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.583 | +0.317% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.487 | +0.214% | $68K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.569 | +0.302% | $87.8M | $80.2M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.514 | +0.243% | $340K | $162K | 20x | as long as short |
| Binance HYPEUSDT | +0.0097% | 4h | 93.575 | +0.308% | $380.0M | $877.2M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0099% | 4h | 93.527 | +0.256% | $5.1M | $30.0M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.470 | +0.195% | $19K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.475 | +0.200% | $5.8M | $43.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.642 | +0.380% | $2.04B | $655.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.473 | +0.199% | $10.1M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.313% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.579 | +0.312% | $46.0M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.574 | +0.307% | $226.3M | $96.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.555 | +0.287% | $7.4M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.339 | +0.055% | $31.1M | $54.0M | — | as long as short |
| GRVT HYPE_USDT_Perplong | +0.0100% | 4h | 93.288 | long leg | $7.5M | $45.6M | 10x | |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.588 | +0.322% | $340K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.524 | +0.253% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.547 | +0.278% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.533 | +0.263% | $472K | $2.5M | 20x | as long as short |
| Derive HYPE-PERPshort | +0.0100% | 1h | 93.532 | +0.262% | $16.2M | $7.6M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.628 | +0.365% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.580 | +0.313% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.549 | +0.280% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.571 | +0.303% | $398K | $163K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.690 | +0.431% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0202% | 4h | 93.700 | +0.442% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.505 | +0.233% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.529 | +0.259% | $1.9M | $5.1M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.557 | +0.288% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0337% | 4h | 93.577 | +0.310% | $17.0M | $11.7M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0359% | 1h | 93.656 | +0.395% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.580 | +0.313% | $3.2M | $6.5M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.350 | +0.067% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.644 | +0.382% | $20.8M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Aster HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
Bullet HYPE-USD
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
Binance HYPEUSDT
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD