Funding you earn now, next payment 02:00 UTC+0.0963%/8h= +105.5% APRpaid last 24h +0.281%
Price spread now: Hyperliquid against GRVT+0.337%105s7-day average +0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.216%+$22 on $10k
+Price spread, last 4 days (all we have)−1.173%−$117 · spread now +0.337%, 7d avg +0.015%
=Together, before fees−0.957%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$96 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Hyperliquid is 0.322% dearer against GRVT than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 105 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 0.216% in total (about 11.3% 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 POPCAT_USDT_Perp | 0.05582 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $250K | $486K | 10x |
| Short | Hyperliquid POPCAT | 0.05601 | 0.1063 | get 0.0133% / 1h | 9m 33s | $2.6M | $1.0M | 3x |
GRVT POPCAT_USDT_Perp
Hyperliquid POPCATFunding 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
- $202.32
- Price spread: +0.337% → +0.015%
- $32.2
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $216.51
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: GRVT: live order book, 58 min ago; Hyperliquid: live order book, 2 min ago. Net counts fees only.
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, 58 min ago | 6.15 bp | 32.2 bp −$32 | 6025.1 bp −$60.3K | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 2.23 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 17 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 POPCAT/USDC PERP | −0.5000% | 1h | 0.05524 | −1.039% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05587 | +0.095% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0018% | 4h | 0.05583 | +0.018% | $506K | $161K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05586 | +0.072% | $100K | $52K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05585 | +0.054% | $2.3M | $6.8M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05571 | −0.197% | $8.8M | $6.3M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05579 | −0.054% | $689K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05595 | +0.233% | $447K | $639K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05586 | +0.072% | $1.8M | $976K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05592 | +0.179% | $1.1M | $991K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05581 | −0.018% | $1.2M | $940K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05580 | −0.036% | — | $1.6M | — | as long as short |
| GRVT POPCAT_USDT_Perplong | +0.0100% | 4h | 0.05582 | long leg | $250K | $486K | 10x | |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05580 | −0.036% | $22K | $657K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05582 | −0.007% | $95K | $526K | 10x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0638% | 1h | 0.05584 | +0.029% | $149K | $149K | 20x | as long as short |
| Hyperliquid POPCATshort | +0.1063% | 1h | 0.05601 | +0.337% | $2.6M | $1.0M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDC
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Kraken Futures PF_POPCATUSD