Funding you earn now, next payment 07:00 UTC−0.0475%/8h= −52.0% APRpaid last 24h −0.180%
Price spread now: GRVT against Hyperliquid−0.487%45s7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as 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−$340.339% of the position
Funding, last 7 days−0.397%−$40 on $10k
+Price spread, last 7 days+0.490%+$49 · spread now −0.487%, 7d avg −0.088%
=Together, before fees+0.093%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 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 −0.088%). Swap the legs. The two prices were read 45 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 | Hyperliquid NEAR | 4.4975 | 0.0598 | pay 0.0075% / 1h | 42m 30s | $370.1M | $309.8M | 10x |
| Short | GRVT NEAR_USDT_Perp | 4.4756 | 0.0123 | get 0.0123% / 8h | 1h 42m | $1.5M | $1.5M | 10x |
Hyperliquid NEAR
GRVT NEAR_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
- −$99.67
- Price spread: −0.487% → −0.088%
- −$39.91
- Slippage, 4 orders
- −$15.95
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$173.52
- Costs to cover
- 0.339%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; GRVT: live order book, 6 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, 12 min ago | 0.11 bp | 6.2 bp −$6 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 6 min ago | 2.23 bp | 6.7 bp −$7 | 14.8 bp −$148 | 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 | 4.5000 | +0.057% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4926 | −0.108% | $111K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4851 | −0.276% | $169K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.927% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4990 | +0.033% | $112K | $494K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5034 | +0.131% | $231.8M | $429.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5010 | +0.078% | $63.6M | $302.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5008 | +0.073% | $256K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4938 | −0.082% | $35.1M | $60.2M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4970 | −0.011% | $53.8M | $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 | 4.5000 | +0.056% | $74.5M | $126.7M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4687 | −0.640% | $9.0M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4779 | −0.436% | $262K | $967K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4740 | −0.523% | $168K | $804K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4999 | +0.053% | $281K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4875 | −0.222% | $59K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4920 | −0.122% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4960 | −0.033% | $466K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4830 | −0.322% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0107% | 8h | 4.4960 | −0.033% | $32K | $585 | 10x | as long as short |
| GRVT NEAR_USDT_Perpshort | +0.0123% | 8h | 4.4756 | −0.487% | $1.5M | $1.5M | 10x | |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.4855 | −0.267% | $209K | $40K | 3x | as long as short |
| BingX NEAR-USDC | +0.0176% | 8h | 4.4960 | −0.033% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDT | +0.0184% | 8h | 4.4960 | −0.033% | $86.2M | $145.6M | 200x | as long as short |
| Binance NEARUSDT | +0.0187% | 8h | 4.5045 | +0.156% | $274.2M | $1.09B | 75x | as long as short |
| SoDEX NEAR-USD | +0.0199% | 1h | 4.4835 | −0.311% | $5K | $52K | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0295% | 8h | 4.4847 | −0.285% | $1.1M | $25.0M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0305% | 8h | 4.4830 | −0.322% | $13.6M | $33.1M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0317% / S −0.0201% | 1h | 4.4847 | −0.285% | $240K | — | 100x | as long as short |
| Extended NEAR-USD | +0.0328% | 1h | 4.4945 | −0.066% | $3.7M | $18.9M | 25x | as long as short |
| Aster NEARUSDT | +0.0338% | 8h | 4.4980 | +0.011% | $2.9M | $5.0M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.4893 | −0.182% | $2.3M | $16.5M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0480% | 1h | 4.4985 | +0.022% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0540% | 1h | 4.4829 | −0.324% | $1.8M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0578% | 1h | 4.4916 | −0.131% | $1.3M | $6.5M | 20x | as long as short |
| Hyperliquid NEARlong | +0.0598% | 1h | 4.4975 | long leg | $370.1M | $309.8M | 10x | |
| Kraken Futures PF_NEARUSD | +0.0651% | 1h | 4.4812 | −0.362% | $7.4M | $38.3M | 50x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.4980 | +0.011% | $229K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0954% | 1h | 4.4890 | −0.189% | $1.9M | $12.3M | 25x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.4991 | +0.036% | $1.9M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1008% | 1h | 4.5004 | +0.064% | $1.5M | $6.7M | 10x | as long as short |
| Lighter NEAR | +0.1056% | 1h | 4.5026 | +0.114% | $17.7M | $24.7M | 15x | as long as short |
| Pacifica NEAR | +0.1187% | 1h | 4.4955 | −0.044% | $414K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1240% | 1h | 4.4726 | −0.553% | $6K | $12K | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.4984 | +0.021% | $674K | $1.4M | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
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
SoDEX NEAR-USD
Kalshi KXNEARPERP
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Extended NEAR-USD
Aster NEARUSDT
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Lighter RH NEAR
Lighter NEAR
Pacifica NEAR
Aftermath Perps NEARUSD
RISEx NEAR/USDC