Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.077%
Price spread now: Hyperliquid against GRVT+0.248%65s7-day average +0.169% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as 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−$540.543% of the position
Funding, last 7 days+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)−0.361%−$36 · spread now +0.248%, 7d avg +0.169%
=Together, before fees−0.286%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$29 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: Hyperliquid is 0.079% dearer against GRVT than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.169%. The two prices were read 65 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 ICP_USDT_Perp | 2.9536 | 0.0100 | pay 0.0100% / 8h | 2h 00m | $562K | $513K | 10x |
| Short | Hyperliquid ICP | 2.9609 | 0.0100 | get 0.0013% / 1h | 0m 31s | $4.6M | $4.8M | 5x |
GRVT ICP_USDT_Perp
Hyperliquid ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.248% → +0.169%
- $7.9
- Slippage, 4 orders
- −$36.31
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$46.41
- Costs to cover
- 0.543%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 47 min ago; Hyperliquid: live order book, 1 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, 47 min ago | 3.42 bp | 19.5 bp −$19 | 121.7 bp −$1,217 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 1.01 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0088% | 1h | 2.9573 | +0.126% | $192 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0074% | 8h | 2.9430 | −0.358% | $1.8M | $675K | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0068% | 1h | 2.9583 | +0.160% | $525K | $665K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9564 | +0.096% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9570 | +0.116% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.438% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0058% | 8h | 2.9540 | +0.013% | $1.1M | $133K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9576 | +0.136% | $139K | $497K | 5x | as long as short |
| Hyperliquid ICPshort | +0.0100% | 1h | 2.9609 | +0.248% | $4.6M | $4.8M | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9576 | +0.138% | $264K | $1.2M | 20x | as long as short |
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
Kraken Futures PF_ICPUSD
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9587 | +0.173% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9552 | +0.056% | $28.9M | $48.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9560 | +0.082% | $17.3M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9550 | +0.048% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9560 | +0.082% | $1.9M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9560 | +0.082% | $18.7M | $10.1M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9560 | +0.082% | $4.9M | $12.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9590 | +0.184% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9560 | +0.082% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9508 | −0.095% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perplong | +0.0100% | 8h | 2.9536 | long leg | $562K | $513K | 10x | |
| SunX ICP-USDT | +0.0100% | 8h | 2.9550 | +0.048% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9480 | −0.189% | $103K | $118K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9551 | +0.053% | $23K | $131K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9520 | −0.053% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0336% | 1h | 2.9550 | +0.048% | $57K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0434% / S −0.0367% | 1h | 2.9578 | +0.145% | $31K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]