Funding you earn now, next payment 20:36 UTC+0.0100%/8h= +10.9% APRpaid last 24h 0.000%
Price spread now: GRVT against Perpl+0.098%7-day average +0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 3 days (all we have)−0.306%−$31 · spread now +0.098%, 7d avg +0.010%
=Together, before fees−0.177%+ Points / potential airdropPerpl: Active · GRVT: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.088% dearer against Perpl than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 93.292 | 0 | get 0.0000% / 43m | 40m 08s | $23K | $343K | 10x |
| Short | GRVT HYPE_USDT_Perp | 93.383 | 0.0100 | get 0.0050% / 4h | 2h 53m | $7.5M | $46.8M | 10x |
Perpl HYPE
GRVT HYPE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Perpl. 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
- $21
- Price spread: +0.098% → +0.010%
- $8.8
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $7
- Costs to cover
- 0.228%
- Break-even
- 4.7 days
Slippage unknown: Perpl: no order-book sample; GRVT: live order book, 6 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 Perpl no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 6 min ago | 0.05 bp | 4.6 bp −$5 | 5.2 bp −$52 | doesn't fit | doesn't fit |
Perpl: 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 | −0.1312% | 1h | 93.181 | −0.119% | $197K | $235K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0186% | 1h | 93.210 | −0.088% | $699K | $948K | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0107% | 1h | 93.294 | +0.003% | $22K | $22K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 93.290 | −0.002% | $89K | $340K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.231 | −0.065% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.247 | −0.048% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.297 | +0.005% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 93.292 | long leg | $23K | $343K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.343 | +0.054% | $20K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0004% | 4h | 93.288 | −0.004% | $8.9M | $36.3M | 300x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
dYdX HYPE-USD
Kalshi KXHYPEPERP
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPE_USDT | +0.0004% | 4h | 93.293 | +0.001% | $44.1M | $56.2M | 75x | as long as short |
| Bullet HYPE-USD | +0.0023% | 1h | 93.290 | −0.003% | $112K | $583K | 20x | as long as short |
| Derive HYPE-PERP | +0.0029% | 1h | 93.249 | −0.046% | $16.4M | $7.1M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0041% | 8h | 93.281 | −0.012% | $325.2M | $288.3M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.336 | +0.047% | $215K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0077% | 4h | 93.308 | +0.017% | $180K | $536K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.352 | +0.064% | $18.5M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.319 | +0.029% | $3.1M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.275 | −0.018% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.300 | +0.009% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.275 | −0.019% | $6.0M | $44.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.351 | +0.063% | $2.03B | $668.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.273 | −0.020% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.311 | +0.021% | $385.9M | $890.5M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.285 | −0.008% | $114.7M | $316.1M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.246 | −0.049% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.386 | +0.101% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.308 | +0.017% | $92.1M | $81.5M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.324 | +0.034% | $46.3M | $19.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.319 | +0.029% | $226.7M | $102.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.317 | +0.027% | — | $54.4M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.355 | +0.068% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.285 | −0.008% | $28.8M | $49.9M | — | as long as short |
| GRVT HYPE_USDT_Perpshort | +0.0100% | 4h | 93.383 | +0.098% | $7.5M | $46.8M | 10x | |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.338 | +0.049% | $405K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.266 | −0.028% | $674K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.331 | +0.042% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.325 | +0.035% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.295 | +0.003% | $76K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.327 | +0.038% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.283 | −0.010% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.292 | 0.000% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.292 | 0.000% | $339K | $171K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0101% | 4h | 93.326 | +0.037% | $5.1M | $29.4M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.274 | −0.020% | $18.4M | $41.0M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.294 | +0.002% | $397K | $318K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.370 | +0.084% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0244% | 1h | 93.320 | +0.030% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.130 | −0.174% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0165% | 1h | 93.342 | +0.054% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.281 | −0.012% | $17.1M | $12.5M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0393% | 1h | 93.399 | +0.115% | $7.4M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0412% | 4h | 93.451 | +0.170% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.372 | +0.086% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.430 | +0.148% | $19.2M | $25.8M | 50x | as long as short |
Gate HYPE_USDT
Bullet HYPE-USD
Derive HYPE-PERP
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
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