Funding you earn now, next payment 06:00 UTC+0.0569%/8h= +62.4% APRpaid last 24h +0.180%
Price spread now: Hyperliquid against GRVT−0.590%85s7-day average +0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3as 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−$420.422% of the position
Funding, last 7 days+0.388%+$39 on $10k
+Price spread, last 7 days+0.573%+$57 · spread now −0.590%, 7d avg +0.090%
=Together, before fees+0.961%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board+$96 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.680% cheaper against GRVT than usual: you would sell low and buy high (spread −0.590% now, against its 7-day average of +0.090%). If the spread goes back, that is −$68 on $10k: about 4.0 days of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.388% in total) that is about 12 days. The two prices were read 85 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 0.388% in total (about 20.2% 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 NEAR_USDT_Perp | 4.4341 | 0.0116 | pay 0.0116% / 8h | 1h 59m | $1.5M | $1.5M | 10x |
| Short | Hyperliquid NEAR | 4.4080 | 0.0685 | get 0.0086% / 1h | 59m 55s | $362.6M | $312.1M | 10x |
GRVT NEAR_USDT_Perp
Hyperliquid NEARFunding 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
- $119.59
- Price spread: −0.590% → +0.090%
- −$68
- Slippage, 4 orders
- −$24.16
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $9.43
- Costs to cover
- 0.422%
- Break-even
- 6.4 days
Slippage from GRVT: live order book, 3 min ago; Hyperliquid: live order book, 4 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, 3 min ago | 1.13 bp | 12.0 bp −$12 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.11 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
NEAR on 45 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4068 | −0.617% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4231 | −0.250% | $109K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4036 | −0.688% | $166K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.611% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4120 | −0.499% | $112K | $501K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4019 | −0.727% | $221.2M | $422.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4020 | −0.725% | $62.1M | $294.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4419 | +0.176% | $253K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4021 | −0.723% | $33.7M | $61.5M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4060 | −0.635% | $53.1M | $45.9M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.4015 | −0.736% | $72.7M | $127.1M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4347 | +0.012% | $9.0M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4253 | −0.198% | $258K | $966K | 20x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4124 | −0.490% | $276K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4078 | −0.594% | $58K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4150 | −0.432% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4190 | −0.341% | $457K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4040 | −0.680% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4214 | −0.287% | $32K | $608 | 10x | as long as short |
| GRVT NEAR_USDT_Perplong | +0.0116% | 8h | 4.4341 | long leg | $1.5M | $1.5M | 10x | |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.4085 | −0.578% | $205K | $40K | 3x | as long as short |
| BingX NEAR-USDC | +0.0144% | 8h | 4.4050 | −0.657% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDT | +0.0152% | 8h | 4.4060 | −0.635% | $83.9M | $147.4M | 200x | as long as short |
| Binance NEARUSDT | +0.0153% | 8h | 4.4063 | −0.627% | $267.2M | $1.09B | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.4151 | −0.429% | $2.3M | $16.3M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0273% | 8h | 4.4370 | +0.065% | $13.4M | $32.8M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0310% | 8h | 4.4185 | −0.353% | $1.1M | $24.6M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0314% / S −0.0201% | 1h | 4.4040 | −0.680% | $236K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0347% | 8h | 4.4060 | −0.635% | $2.8M | $5.1M | 50x | as long as short |
| Nado NEAR-PERP | +0.0402% | 1h | 4.4096 | −0.554% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0432% | 1h | 4.4017 | −0.731% | $3.7M | $19.1M | 25x | as long as short |
| ApeX Omni NEARUSDT | +0.0450% | 1h | 4.4150 | −0.432% | $167K | $803K | 50x | as long as short |
| SoDEX NEAR-USD | +0.0483% | 1h | 4.4045 | −0.668% | $5K | $52K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0636% | 1h | 4.4064 | −0.626% | $2.0M | $12.2M | 25x | as long as short |
| Hyperliquid NEARshort | +0.0685% | 1h | 4.4080 | −0.590% | $362.6M | $312.1M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0691% | 1h | 4.4043 | −0.673% | $1.3M | $6.6M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0704% | 1h | 4.4158 | −0.414% | $13K | $7K | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0718% | 1h | 4.4020 | −0.725% | $7.3M | $39.1M | 50x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.4190 | −0.341% | $222K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.4269 | −0.164% | $406K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.0928% | 1h | 4.4106 | −0.530% | $17.2M | $25.4M | 15x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.4593 | +0.567% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1104% | 1h | 4.4113 | −0.515% | $1.5M | $7.5M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.4124 | −0.490% | $686K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1276% | 1h | 4.4110 | −0.522% | $5K | $12K | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BingX NEAR-USDC
MEXC NEAR_USDT
Binance NEARUSDT
Coinbase International NEAR-PERP-INTX
BloFin NEAR-USDT
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Nado NEAR-PERP
Extended NEAR-USD
ApeX Omni NEARUSDT
SoDEX NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Kraken Futures PF_NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Lighter NEAR
Phoenix NEAR
Lighter RH NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD