Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%
Price spread now: GRVT against Katana Perps−0.093%54s7-day average +0.062% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.021%+$2 on $10k
+Price spread, last 7 days+0.097%+$10 · spread now −0.093%, 7d avg +0.062%
=Together, before fees+0.118%+ Points / potential airdropGRVT: Active · farm board+$12 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: GRVT is 0.156% cheaper against Katana Perps than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.062%. The two prices were read 54 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 | Katana Perps HYPE-USD | 93.510 | 0.0099 | pay 0.0099% / 8h | 2h 56m | $28K | $1.7M | 10x |
| Short | GRVT HYPE_USDT_Perp | 93.423 | 0.0100 | get 0.0050% / 4h | 2h 56m | $7.5M | $47.1M | 10x |
Katana Perps HYPE-USD
GRVT HYPE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Katana Perps. 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
- $0.11
- Price spread: −0.093% → +0.062%
- −$15.57
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$28.26
- Costs to cover
- 0.128%
- Break-even
- 1751.5 days
Slippage unknown: Katana Perps: 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 3 min ago | 0.05 bp | 4.6 bp −$5 | 5.4 bp −$54 | doesn't fit | doesn't fit |
Katana Perps: 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 | −0.1896% | 1h | 93.498 | −0.013% | $197K | $232K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0356% | 1h | 93.413 | −0.103% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.476 | −0.036% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0061% | 1h | 93.617 | +0.115% | $112K | $578K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0038% | 4h | 93.621 | +0.119% | $146K | $663K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 93.535 | +0.027% | $88K | $366K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.608 | +0.104% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.556 | +0.049% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.668 | +0.168% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.514 | +0.004% | $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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | +0.0017% | 8h | 93.599 | +0.095% | $12.6M | $2.7M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0024% | 4h | 93.510 | 0.000% | $226.2M | $99.2M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0026% | 8h | 93.505 | −0.005% | $318.1M | $283.8M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.546 | +0.038% | $209K | $1.2M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0061% | 1h | 93.560 | +0.053% | $705K | $1.2M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.581 | +0.076% | $341K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.594 | +0.090% | $16.1M | $62.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.590 | +0.086% | $3.1M | $11.4M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.524 | +0.015% | $77K | $1.1M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0097% | 4h | 93.351 | −0.170% | $5.0M | $29.9M | 30x | as long as short |
| Gate HYPE_USDT | +0.0098% | 4h | 93.540 | +0.032% | $46.3M | $53.7M | 75x | as long as short |
| Katana Perps HYPE-USDlong | +0.0099% | 8h | 93.510 | long leg | $28K | $1.7M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 93.544 | +0.037% | $7.0M | $47.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.584 | +0.079% | $2.04B | $667.1M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.575 | +0.070% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.574 | +0.069% | $10.1M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.558 | +0.051% | $375.2M | $910.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.500 | −0.011% | $114.9M | $308.1M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.328 | −0.195% | $203K | $3K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.546 | +0.038% | $92.2M | $80.0M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.610 | +0.107% | $46.2M | $18.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.536 | +0.028% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.674 | +0.175% | $7.3M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.379 | −0.140% | $28.8M | $56.7M | — | as long as short |
| GRVT HYPE_USDT_Perpshort | +0.0100% | 4h | 93.423 | −0.093% | $7.5M | $47.1M | 10x | |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.617 | +0.114% | $343K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.612 | +0.109% | $669K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.585 | +0.080% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.548 | +0.041% | $490K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.618 | +0.115% | $79K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.619 | +0.117% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.673 | +0.174% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.641 | +0.140% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.800 | +0.310% | $1.4M | $6.4M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.504 | −0.007% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.645 | +0.144% | $396K | $161K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.410 | −0.107% | $30K | $339K | 12x | as long as short |
| Kalshi KXHYPEPERP | +0.0141% | 8h | 93.635 | +0.134% | $1.8M | $5.6M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.700 | +0.203% | $4.8M | $5.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0267% | 1h | 93.508 | −0.003% | $80K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.654 | +0.154% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0340% | 1h | 93.718 | +0.222% | $20.9M | $29.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.642 | +0.141% | $16.9M | $11.9M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0455% | 1h | 93.735 | +0.241% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.602 | +0.099% | $3.2M | $6.3M | 20x | as long as short |
Phemex HYPEUSDT
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Ondo Perps HYPE-USD.P
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
edgeX HYPEUSDC
Gate HYPE_USDT
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
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
Injective HYPE/USDC PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC