Funding you earn now, next payment 23:00 UTC+0.0212%/8h= +23.3% APRpaid last 24h +0.067%
Price spread now: Hyperliquid against GRVT+0.675%65s7-day average +0.271% · you sell dearer than you buy
Net, funding: paid 7d − costs−$207as 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−$2142.144% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 3 days (all we have)−0.549%−$55 · spread now +0.675%, 7d avg +0.271%
=Together, before fees−0.477%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$48 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.403% dearer against GRVT than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.271%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT LINEA_USDT_Perp | 0.002819 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $145K | $2.3M | 10x |
| Short | Hyperliquid LINEA | 0.002838 | 0.0312 | get 0.0039% / 1h | 56m 18s | $2.7M | $254K | 3x |
GRVT LINEA_USDT_Perp
Hyperliquid LINEAFunding 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
- $44.59
- Price spread: +0.675% → +0.271%
- $40.34
- Slippage, 4 orders
- −$196.43
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$129.49
- Costs to cover
- 2.144%
- Break-even
- 27.3 days
Slippage from GRVT: live order book, 2 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, 2 min ago | 5.32 bp | 47.8 bp −$48 | 26519.8 bp −$265.2K | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 3.54 bp | 30.7 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
LINEA on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LINEAUSDT | −0.0067% | 4h | 0.002820 | +0.036% | $2.8M | $799K | 50x | as long as short |
| Injective LINEA/USDC PERP | +0.0033% | 1h | 0.002810 | −0.319% | $734 | $39K | 5.5x | as long as short |
| BloFin LINEA-USDT | +0.0095% | 4h | 0.002816 | −0.106% | $218K | $16K | 50x | as long as short |
| Lighter LINEA | +0.0096% | 1h | 0.002830 | +0.391% | $109K | $55K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002827 | +0.267% | $20K | $13 | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002828 | +0.303% | $4.0M | $3.6M | 50x | as long as short |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002824 | +0.178% | $1.2M | $928K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002825 | +0.213% | $241K | $61K | 50x | as long as short |
| MEXC LINEA_USDT | +0.0100% | 4h | 0.002827 | +0.284% | $3.9M | $1.1M | 100x | as long as short |
| KuCoin LINEAUSDTM | +0.0100% | 4h | 0.002827 | +0.284% | $541K | $50K | 50x | as long as short |
Bybit LINEAUSDT
Injective LINEA/USDC PERP
BloFin LINEA-USDT
Lighter LINEA
Aster LINEAUSDT
Binance LINEAUSDT
OKX LINEA-USDT-SWAP
Gate LINEA_USDT
MEXC LINEA_USDT
KuCoin LINEAUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget LINEAUSDT | +0.0100% | 4h | 0.002831 | +0.426% | $1.1M | $480K | 50x | as long as short |
| BingX LINEA-USDT | +0.0100% | 4h | 0.002825 | +0.213% | — | $2.6M | — | as long as short |
| Backpack LINEA_USDC_PERP | +0.0100% | 1h | 0.002823 | +0.142% | $84K | $51K | 10x | as long as short |
| Variational Omni LINEA | +0.0100% | 4h | 0.002814 | −0.180% | $112K | $59K | — | as long as short |
| GRVT LINEA_USDT_Perplong | +0.0100% | 4h | 0.002819 | long leg | $145K | $2.3M | 10x | |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002810 | −0.319% | $2K | $19K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002880 | +2.165% | $1K | $1.4M | 20x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002828 | +0.304% | $12K | $177K | 10x | as long as short |
| Reya LINEARUSDPERP | +0.0269% | 1h | 0.002828 | +0.326% | $4K | — | 3x | as long as short |
| Hyperliquid LINEAshort | +0.0312% | 1h | 0.002838 | +0.675% | $2.7M | $254K | 3x | |
| GMX LINEA/USD [ETH-USDC] | L +0.0448% / S −0.0181% | 1h | 0.002831 | +0.426% | $32K | — | 100x | as long as short |
Bitget LINEAUSDT
BingX LINEA-USDT
Backpack LINEA_USDC_PERP
Variational Omni LINEA
ApeX Omni LINEAUSDT
SunX LINEA-USDT
Extended LINEA-USD
Reya LINEARUSDPERP
GMX LINEA/USD [ETH-USDC]