Funding you earn now, next payment 00:00 UTC+0.0391%/8h= +42.9% APRpaid last 24h +0.064%
Price spread now: Hyperliquid against GRVT−0.107%85s7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as 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−$310.307% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now −0.107%, 7d avg +0.066%
=Together, before fees+0.294%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.173% cheaper against GRVT than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of +0.066%). If the spread goes back, that is −$17 on $10k: about 35 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.202% in total) that is about 6.0 days. The two prices were read 85 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 0.202% in total (about 10.5% 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 UNI_USDT_Perp | 9.0065 | 0.0100 | pay 0.0100% / 8h | 15m 58s | $630K | $2.5M | 10x |
| Short | Hyperliquid UNI | 8.9969 | 0.0491 | get 0.0061% / 1h | 15m 58s | $98.7M | $59.2M | 10x |
GRVT UNI_USDT_Perp
Hyperliquid UNIFunding 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
- $82.2
- Price spread: −0.107% → +0.066%
- −$17.28
- Slippage, 4 orders
- −$12.72
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $34.21
- Costs to cover
- 0.307%
- Break-even
- 4.1 days
Slippage from GRVT: live order book, 3 min ago; Hyperliquid: live order book, 8 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, 3 min ago | 0.56 bp | 8.3 bp −$8 | 18.9 bp −$189 | 2513.9 bp −$251.4K | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.84 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
UNI on 40 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 UNI/USDC PERP | −0.0049% | 1h | 8.8300 | −1.960% | $660 | $155K | 12x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.9808 | −0.286% | $62K | — | 150x | as long as short |
| Variational Omni UNI | +0.0072% | 8h | 8.9762 | −0.337% | $4.1M | $4.4M | — | as long as short |
| OKX UNI-USDT-SWAP | +0.0089% | 8h | 8.9810 | −0.283% | $54.9M | $249.5M | 50x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.9772 | −0.325% | $951K | $4.2M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9880 | −0.206% | $1.0M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9848 | −0.241% | $297K | $591K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.9960 | −0.117% | $222.9M | $590.5M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9830 | −0.261% | $101.8M | $105.3M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9890 | −0.195% | $270K | $637K | 10x | as long as short |
Injective UNI/USDC PERP
gTrade (Gains Network) UNI/USD
Variational Omni UNI
OKX UNI-USDT-SWAP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
Arcus UNI-USDShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate UNI_USDT | +0.0100% | 8h | 8.9850 | −0.239% | $23.0M | $59.0M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9850 | −0.239% | $43.8M | $24.1M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9870 | −0.217% | $13.7M | $13.5M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9860 | −0.228% | $32.8M | $42.1M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9950 | −0.128% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9891 | −0.194% | $1.1M | $2.4M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.0084 | +0.020% | $169K | $344K | 20x | as long as short |
| GRVT UNI_USDT_Perplong | +0.0100% | 8h | 9.0065 | long leg | $630K | $2.5M | 10x | |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.0150 | +0.094% | $89K | $710K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9810 | −0.283% | $36K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9830 | −0.261% | $84K | $364K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9790 | −0.306% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9850 | −0.239% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9850 | −0.239% | $21K | $676K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9958 | −0.119% | $720K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9860 | −0.228% | $27.1M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9806 | −0.288% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9808 | −0.285% | $303K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9870 | −0.217% | $32K | $1K | 3x | as long as short |
| 01 Exchange UNIUSD | +0.0168% | 1h | 8.9829 | −0.262% | $448 | — | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0168% | 1h | 8.9834 | −0.257% | $578K | $176K | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9790 | −0.306% | $10.0M | $3.5M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0232% | 1h | 8.9930 | −0.150% | $1.1M | $5.4M | 50x | as long as short |
| dYdX UNI-USD | +0.0295% | 1h | 8.9848 | −0.241% | $249K | $6K | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0364% | 1h | 8.9779 | −0.318% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0382% / S −0.0323% | 1h | 8.9792 | −0.304% | $568K | — | 120x | as long as short |
| Hyperliquid UNIshort | +0.0491% | 1h | 8.9969 | −0.107% | $98.7M | $59.2M | 10x | |
| Kraken Futures PF_UNIUSD | +0.0563% | 1h | 8.9910 | −0.173% | $5.0M | $7.0M | 50x | as long as short |
| Aftermath Perps UNIUSD | +0.0848% | 1h | 8.9969 | −0.107% | $1K | $49K | 10x | as long as short |
| Lighter UNI | +0.0896% | 1h | 9.0039 | −0.029% | $4.6M | $5.3M | 15x | as long as short |
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
edgeX UNIUSDC
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
dYdX UNI-USD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Kraken Futures PF_UNIUSD
Aftermath Perps UNIUSD
Lighter UNI