Funding you earn now, next payment 23:00 UTC−0.0563%/8h= −61.6% APRpaid last 24h −0.037%
Price spread now: GRVT against Hyperliquid−0.193%45s7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as 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−$330.328% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 3 days (all we have)+0.340%+$34 · spread now −0.193%, 7d avg −0.100%
=Together, before fees+0.320%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and GRVT is 0.093% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.100%). Swap the legs. The two prices were read 45 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 -0.019% in total (about -1.0% 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 | Hyperliquid WLD | 0.4615 | 0.0663 | pay 0.0083% / 1h | 0m 44s | $50.1M | $43.0M | 10x |
| Short | GRVT WLD_USDT_Perp | 0.4606 | 0.0100 | get 0.0100% / 8h | 1h 00m | $619K | $1.9M | 10x |
Hyperliquid WLD
GRVT WLD_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
- −$118.2
- Price spread: −0.193% → −0.100%
- −$9.31
- Slippage, 4 orders
- −$14.79
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$160.3
- Costs to cover
- 0.328%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; GRVT: live order book, 3 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 | 0.54 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 2.17 bp | 10.5 bp −$10 | 24.5 bp −$245 | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0263% | 8h | 0.4604 | −0.236% | $56K | $3.8M | 1.7x | as long as short |
| Injective WLD/USDC PERP | −0.0079% | 1h | 0.4578 | −0.800% | $6K | $185K | 5.5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4610 | −0.098% | $164K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4605 | −0.215% | $109K | $883K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4605 | −0.210% | $57K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0007% | 8h | 0.4604 | −0.236% | $28K | $911K | 10x | as long as short |
| KuCoin WLDUSDTM | +0.0010% | 8h | 0.4608 | −0.150% | $7.0M | $10.8M | 50x | as long as short |
| Nado WLD-PERP | +0.0049% | 1h | 0.4606 | −0.204% | $277K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4610 | −0.108% | $196K | $999K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4610 | −0.106% | $53K | $481K | 5x | as long as short |
Kalshi KXWLDPERP
Injective WLD/USDC PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
KuCoin WLDUSDTM
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4609 | −0.128% | $87.4M | $297.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4609 | −0.128% | $66.0M | $82.1M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4607 | −0.171% | $34.5M | $142.5M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4608 | −0.150% | $7.5M | $35.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4608 | −0.150% | $49.5M | $52.4M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4607 | −0.171% | $30.5M | $25.6M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4608 | −0.150% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4610 | −0.100% | $130K | $269K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4593 | −0.477% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4606 | −0.199% | $27K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perpshort | +0.0100% | 8h | 0.4606 | −0.193% | $619K | $1.9M | 10x | |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4604 | −0.236% | $55K | $228K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4606 | −0.184% | $41K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4612 | −0.063% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4604 | −0.236% | $202 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4599 | −0.345% | $868K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4601 | −0.301% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4607 | −0.180% | $238K | $858K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4611 | −0.080% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0124% | 1h | 0.4608 | −0.139% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4602 | −0.282% | — | — | 20x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0185% | 1h | 0.4606 | −0.187% | $919K | $2.7M | 50x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4608 | −0.150% | $4.9M | $821K | 75x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4613 | −0.035% | $330 | $77 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0260% / S −0.2221% | 1h | 0.4604 | −0.236% | $9K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0424% | 1h | 0.4613 | −0.041% | $272K | $1.6M | 50x | as long as short |
| Hyperliquid WLDlong | +0.0663% | 1h | 0.4615 | long leg | $50.1M | $43.0M | 10x | |
| Lighter WLD | +0.1080% | 1h | 0.4619 | +0.080% | $5.2M | $2.1M | 10x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Phoenix WLD
Reya WLDRUSDPERP
Kraken Futures PF_WLDUSD
BloFin WLD-USDT
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
Coinbase International WLD-PERP-INTX
Lighter WLD