Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: GRVT against Hyperliquid−1.008%45s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as 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−$800.800% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 7 days+0.884%+$88 · spread now −1.008%, 7d avg +0.004%
=Together, before fees+1.014%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$101 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: GRVT is 1.012% cheaper against Hyperliquid than usual: you would sell low and buy high, −$101 on $10k if it goes back to its 7-day average of +0.004%. 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 OP | 0.1280 | 0.0100 | pay 0.0013% / 1h | 22m 40s | $3.7M | $2.9M | 5x |
| Short | GRVT OP_USDT_Perp | 0.1267 | 0.0100 | get 0.0100% / 8h | 5h 22m | $312K | $5.1M | 10x |
Hyperliquid OP
GRVT OP_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
- $0
- Price spread: −1.008% → +0.004%
- −$101.21
- Slippage, 4 orders
- −$62
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$181.21
- Costs to cover
- 0.800%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; GRVT: live order book, 1 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, 9 min ago | 0.39 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 3.92 bp | 40.7 bp −$41 | 214.5 bp −$2,145 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1488% | 1h | 0.1260 | −1.555% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1278 | −0.142% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1280 | +0.003% | $40K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1278 | −0.148% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1278 | −0.175% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0030% | 8h | 0.1280 | 0.000% | $6.2M | $29.3M | 50x | as long as short |
| Variational Omni OP | +0.0043% | 8h | 0.1267 | −1.016% | $224K | $50K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0053% | 8h | 0.1277 | −0.227% | $6K | $45K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1280 | −0.008% | $283K | $936K | 15x | as long as short |
| Hyperliquid OPlong | +0.0100% | 1h | 0.1280 | long leg | $3.7M | $2.9M | 5x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1279 | −0.046% | $214K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1280 | +0.004% | $20.7M | $60.4M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1279 | −0.063% | $18.7M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1281 | +0.086% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1280 | +0.008% | $21.0M | $7.0M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1278 | −0.148% | $2.9M | $6.7M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1280 | +0.008% | $6.0M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1280 | −0.008% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1277 | −0.234% | $122K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1271 | −0.725% | $4K | $387K | 10x | as long as short |
| GRVT OP_USDT_Perpshort | +0.0100% | 8h | 0.1267 | −1.008% | $312K | $5.1M | 10x | |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1273 | −0.539% | $44K | $706K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1277 | −0.203% | $186 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1278 | −0.172% | $176K | $216K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1279 | −0.060% | $107K | $394K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1278 | −0.186% | $4K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0152% | 1h | 0.1265 | −1.164% | $24K | $70K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1277 | −0.242% | $1.0M | $274K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1277 | −0.213% | $710 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0485% | 1h | 0.1279 | −0.049% | $808K | $576K | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD