Funding you earn now, next payment 23:00 UTC−0.0212%/8h= −23.3% APRpaid last 24h −0.067%
Price spread now: GRVT against Hyperliquid−0.670%65s7-day average −0.271% · you buy dearer than you sell
Net, funding: paid 7d − costs−$222as 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)+0.544%+$54 · spread now −0.670%, 7d avg −0.271%
=Together, before fees+0.473%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$47 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GRVT is 0.399% cheaper against Hyperliquid than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.271%). Swap the legs. 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 | Hyperliquid LINEA | 0.002838 | 0.0312 | pay 0.0039% / 1h | 56m 10s | $2.7M | $254K | 3x |
| Short | GRVT LINEA_USDT_Perp | 0.002819 | 0.0100 | get 0.0050% / 4h | 1h 56m | $145K | $2.3M | 10x |
Hyperliquid LINEA
GRVT LINEA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Hyperliquid. 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: −0.670% → −0.271%
- −$39.89
- Slippage, 4 orders
- −$196.43
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$298.91
- Costs to cover
- 2.144%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; GRVT: live order book, 2 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 Hyperliquid live order book, 5 min ago | 3.54 bp | 23.8 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 5.32 bp | 112.1 bp −$112 | 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 | 0.002821 | −0.599% | $2.8M | $799K | 50x | as long as short |
| Injective LINEA/USDC PERP | +0.0033% | 1h | 0.002810 | −0.987% | $734 | $39K | 5.5x | as long as short |
| BloFin LINEA-USDT | +0.0095% | 4h | 0.002816 | −0.775% | $218K | $16K | 50x | as long as short |
| Lighter LINEA | +0.0096% | 1h | 0.002833 | −0.176% | $109K | $55K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002827 | −0.401% | $20K | $13 | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002831 | −0.254% | $4.0M | $3.6M | 50x | as long as short |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002824 | −0.493% | $1.2M | $928K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002825 | −0.458% | $241K | $61K | 50x | as long as short |
| MEXC LINEA_USDT | +0.0100% | 4h | 0.002831 | −0.247% | $3.9M | $1.1M | 100x | as long as short |
| KuCoin LINEAUSDTM | +0.0100% | 4h | 0.002830 | −0.282% | $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 | 0.002830 | −0.282% | $1.1M | $480K | 50x | as long as short |
| BingX LINEA-USDT | +0.0100% | 4h | 0.002827 | −0.388% | — | $2.6M | — | as long as short |
| Variational Omni LINEA | +0.0100% | 4h | 0.002814 | −0.849% | $112K | $59K | — | as long as short |
| GRVT LINEA_USDT_Perpshort | +0.0100% | 4h | 0.002819 | −0.670% | $145K | $2.3M | 10x | |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002810 | −0.987% | $2K | $19K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002890 | +1.832% | $1K | $1.4M | 20x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002828 | −0.368% | $12K | $177K | 10x | as long as short |
| Backpack LINEA_USDC_PERP | +0.0127% | 1h | 0.002830 | −0.289% | $84K | $51K | 10x | as long as short |
| Reya LINEARUSDPERP | +0.0269% | 1h | 0.002828 | −0.346% | $4K | — | 3x | as long as short |
| Hyperliquid LINEAlong | +0.0312% | 1h | 0.002838 | long leg | $2.7M | $254K | 3x | |
| GMX LINEA/USD [ETH-USDC] | L +0.0448% / S −0.0181% | 1h | 0.002831 | −0.247% | $32K | — | 100x | as long as short |
Bitget LINEAUSDT
BingX LINEA-USDT
Variational Omni LINEA
ApeX Omni LINEAUSDT
SunX LINEA-USDT
Extended LINEA-USD
Backpack LINEA_USDC_PERP
Reya LINEARUSDPERP
GMX LINEA/USD [ETH-USDC]