Funding you earn now, next payment 02:00 UTC−0.0129%/8h= −14.2% APRpaid last 24h −0.053%
Price spread now: GRVT against Hyperliquid+0.004%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$540.536% of the position
Funding, last 7 days−0.319%−$32 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now +0.004%, 7d avg −0.036%
=Together, before fees−0.281%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.040% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.036%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POL | 0.1104 | 0.0229 | pay 0.0029% / 1h | 18m 53s | $7.4M | $3.8M | 5x |
| Short | GRVT POL_USDT_Perp | 0.1104 | 0.0100 | get 0.0050% / 4h | 2h 18m | $1.1M | $2.8M | 10x |
Hyperliquid POL
GRVT POL_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
- −$27.15
- Price spread: +0.004% → −0.036%
- $3.98
- Slippage, 4 orders
- −$35.63
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$76.79
- Costs to cover
- 0.536%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; GRVT: 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 Hyperliquid live order book, 3 min ago | 0.90 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 5 min ago | 1.36 bp | 6.7 bp −$7 | 12.4 bp −$124 | doesn't fit | doesn't fit |
POL on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0312% | 1h | 0.1101 | −0.263% | $203K | $204K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1102 | −0.212% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1103 | −0.105% | $17K | $4K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1102 | −0.157% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.643% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0040% | 4h | 0.1101 | −0.226% | $11K | $323K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1102 | −0.172% | $285K | $576K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1103 | −0.099% | $367K | $276K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1103 | −0.127% | $17.1M | $43.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1102 | −0.199% | $15.9M | $12.3M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1102 | −0.154% | $5.7M | $10.4M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1101 | −0.226% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1102 | −0.154% | $23.8M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1102 | −0.199% | $2.9M | $999K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1102 | −0.154% | $4.2M | $4.9M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1102 | −0.163% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1102 | −0.182% | $610K | $224K | — | as long as short |
| GRVT POL_USDT_Perpshort | +0.0100% | 4h | 0.1104 | +0.004% | $1.1M | $2.8M | 10x | |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1103 | −0.082% | $195K | $637K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1102 | −0.190% | $95K | $446K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1100 | −0.343% | $40K | — | 3x | as long as short |
| Kraken Futures PF_POLUSD | +0.0117% | 1h | 0.1103 | −0.108% | $1.2M | $1.2M | 50x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1102 | −0.197% | $3K | — | 100x | as long as short |
| Hyperliquid POLlong | +0.0229% | 1h | 0.1104 | long leg | $7.4M | $3.8M | 5x |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
Kraken Futures PF_POLUSD
GMX POL/USD [ETH-USDC]