Funding you earn now, next payment 02:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.022%
Price spread now: Hyperliquid against GRVT+0.002%85s7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as 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−$220.219% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now +0.002%, 7d avg −0.016%
=Together, before fees−0.052%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 85 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 | GRVT PAXG_USDT_Perp | 4,343.9 | 0.0060 | pay 0.0030% / 4h | 2h 08m | $1.5M | $1.9M | 10x |
| Short | Hyperliquid PAXG | 4,344 | 0.0100 | get 0.0013% / 1h | 8m 05s | $20.7M | $2.2M | 10x |
GRVT PAXG_USDT_Perp
Hyperliquid PAXGFunding 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
- $8.4
- Price spread: +0.002% → −0.016%
- $1.8
- Slippage, 4 orders
- −$3.89
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$11.69
- Costs to cover
- 0.219%
- Break-even
- 16.7 days
Slippage from GRVT: live order book, 5 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, 5 min ago | 0.01 bp | 5.6 bp −$6 | 8.3 bp −$83 | 24.4 bp −$2,436 | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.12 bp | 6.2 bp −$6 | 8.2 bp −$82 | doesn't fit | doesn't fit |
PAXG on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,343.8 | −0.002% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,342.8 | −0.025% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,337.1 | −0.157% | $2K | $3.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,344.6 | +0.015% | $7.9M | $870K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,347.7 | +0.088% | $905K | $641K | 75x | as long as short |
| Hibachi PAXG/USDT-P | +0.0024% | 1h | 4,343.3 | −0.013% | $42K | $156K | 20x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | +0.078% | $1K | $151K | 30x | as long as short |
| GRVT PAXG_USDT_Perplong | +0.0060% | 4h | 4,343.9 | long leg | $1.5M | $1.9M | 10x | |
| Lighter PAXG | +0.0096% | 1h | 4,340.8 | −0.071% | $1.4M | $305K | 25x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,341 | −0.066% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Hibachi PAXG/USDT-P
Injective PAXG/USDC PERP
Lighter PAXG
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXGshort | +0.0100% | 1h | 4,344 | +0.002% | $20.7M | $2.2M | 10x | |
| Aster PAXGUSDT | +0.0100% | 4h | 4,343 | −0.022% | $906K | $30K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,342.3 | −0.036% | $1.0M | $342K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,342.1 | −0.040% | $80.0M | $70.8M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,342.7 | −0.027% | $15.1M | $3.5M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,344 | +0.002% | $16.1M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,343.9 | +0.001% | $28.5M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,342.6 | −0.030% | $9.6M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,342.5 | −0.031% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,344.1 | +0.004% | $1.3M | $803K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,343.8 | −0.002% | $12.5M | $109K | — | as long as short |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,341.9 | −0.046% | $263K | $791K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,341.1 | −0.064% | $557 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,342 | −0.044% | $1.5M | $39K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,341.6 | −0.052% | $378K | $1.5M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,341.3 | −0.061% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0248% | 1h | 4,342 | −0.044% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0312% | 1h | 4,348.5 | +0.107% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.1000% | 1h | 4,352.2 | +0.191% | $29K | $23K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD