Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%
Price spread now: Hyperliquid against GRVT−0.016%85s7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as 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−$670.674% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now −0.016%, 7d avg +0.046%
=Together, before fees+0.083%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · 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: Hyperliquid is 0.062% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.046%. The two prices were read 85 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 LDO_USDT_Perp | 0.4358 | 0.0100 | pay 0.0100% / 8h | 2h 18m | $310K | $3.5M | 10x |
| Short | Hyperliquid LDO | 0.4357 | 0.0100 | get 0.0013% / 1h | 18m 00s | $12.1M | $3.6M | 5x |
Funding 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: −0.016% → +0.046%
- −$6.19
- Slippage, 4 orders
- −$49.35
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$73.54
- Costs to cover
- 0.674%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 6 min ago; Hyperliquid: live order book, 5 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, 6 min ago | 2.29 bp | 22.6 bp −$23 | 63.1 bp −$631 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.60 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
LDO on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LDO-PERP-INTX | −0.0688% | 1h | 0.4290 | −1.560% | $116K | $54K | 50x | as long as short |
| Kraken Futures PF_LDOUSD | −0.0327% | 1h | 0.4358 | −0.007% | $1.1M | $556K | 50x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4355 | −0.069% | $3K | $10K | 25x | as long as short |
| dYdX LDO-USD | +0.0018% | 1h | 0.4359 | +0.020% | $84K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4270 | −2.019% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0088% | 8h | 0.4350 | −0.184% | $790K | $230K | 75x | as long as short |
| Lighter LDO | +0.0096% | 1h | 0.4369 | +0.257% | $886K | $265K | 10x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4352 | −0.138% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDOshort | +0.0100% | 1h | 0.4357 | −0.016% | $12.1M | $3.6M | 5x | |
| Aster LDOUSDT | +0.0100% | 8h | 0.4356 | −0.057% | $171K | $144K | 10x | as long as short |
Show all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica LDO | +0.0100% | 1h | 0.4355 | −0.069% | $112K | $182K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4355 | −0.069% | $18.1M | $38.0M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4352 | −0.138% | $16.9M | $12.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4352 | −0.138% | $4.1M | $9.2M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4356 | −0.046% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4357 | −0.023% | $8.7M | $7.6M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4357 | −0.023% | $2.8M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4350 | −0.184% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4353 | −0.115% | — | $3.9M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4354 | −0.087% | $86K | $186K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4359 | +0.029% | $204K | $89K | — | as long as short |
| GRVT LDO_USDT_Perplong | +0.0100% | 8h | 0.4358 | long leg | $310K | $3.5M | 10x | |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4360 | +0.046% | $35K | $648K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4356 | −0.041% | $22K | $739K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4455 | +2.226% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4351 | −0.167% | $262K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4354 | −0.092% | $39K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4354 | −0.081% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0332% | 1h | 0.4352 | −0.146% | $303K | — | 15x | as long as short |
GRVT LDO_USDT_Perp
Hyperliquid LDO
Coinbase International LDO-PERP-INTX
Kraken Futures PF_LDOUSD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Lighter LDO
Paradex LDO-USD-PERP
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
Variational Omni LDO
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
GMX LDO/USD [ETH-USDC]