Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against GRVT+0.444%85s7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$227as 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−$2222.216% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)−0.595%−$60 · spread now +0.444%, 7d avg +0.040%
=Together, before fees−0.652%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$65 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: Hyperliquid is 0.404% dearer against GRVT than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.040%. 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 W_USDT_Perp | 0.01181 | 0.0100 | pay 0.0050% / 4h | 32m 13s | $127K | $422K | 10x |
| Short | Hyperliquid W | 0.01186 | 0.0100 | get 0.0013% / 1h | 32m 13s | $2.0M | $344K | 5x |
GRVT W_USDT_Perp
Hyperliquid WFunding 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
- $0
- Price spread: +0.444% → +0.040%
- $40.44
- Slippage, 4 orders
- −$203.58
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$181.13
- Costs to cover
- 2.216%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 25 min ago; Hyperliquid: live order book, 9 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, 25 min ago | 8.46 bp | 63.5 bp −$63 | 190.4 bp −$1,904 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 4.22 bp | 25.5 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
W 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | 0.0000% | 1h | 0.01187 | +0.537% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.392% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wshort | +0.0100% | 1h | 0.01186 | +0.444% | $2.0M | $344K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01186 | +0.452% | $2.9M | $6.5M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01184 | +0.283% | $4.2M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01185 | +0.393% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01190 | +0.749% | $450K | $229K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01186 | +0.478% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01183 | +0.190% | $384K | $213K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01186 | +0.444% | $1.3M | $581K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01184 | +0.292% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01175 | −0.446% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perplong | +0.0100% | 4h | 0.01181 | long leg | $127K | $422K | 10x | |
| Extended W-USD | +0.0104% | 1h | 0.01186 | +0.424% | $60K | $231K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0360% | 1h | 0.01187 | +0.546% | $14K | $15K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0511% | 1h | 0.01188 | +0.647% | $44K | $44K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1681% | 1h | 0.01189 | +0.693% | $147K | $183K | 20x | as long as short |
BingX W-USDT
Variational Omni W
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD