Funding you earn now, next payment 00:00 UTC+0.0380%/8h= +41.7% APRpaid last 24h +0.064%
Price spread now: Hyperliquid against GRVT−0.045%7-day average +0.082% · 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−$49as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.045%, 7d avg +0.082%
=Together, before fees+0.171%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.128% cheaper against GRVT than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.082%). If the spread goes back, that is −$13 on $10k: about 27 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.014% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% 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 XLM_USDT_Perp | 0.2163 | 0.0100 | pay 0.0100% / 8h | 31m 28s | $598K | $613K | 10x |
| Short | Hyperliquid XLM | 0.2162 | 0.0480 | get 0.0060% / 1h | 31m 28s | $12.3M | $6.1M | 5x |
GRVT XLM_USDT_Perp
Hyperliquid XLMFunding 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
- $79.88
- Price spread: −0.045% → +0.082%
- −$12.79
- Slippage, 4 orders
- −$17.93
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $31.16
- Costs to cover
- 0.359%
- Break-even
- 4.3 days
Slippage from GRVT: live order book, 46 min ago; Hyperliquid: live order book, 11 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, 46 min ago | 1.62 bp | 7.9 bp −$8 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.23 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
XLM on 31 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 XLM/USDC PERP | −0.5000% | 1h | 0.2167 | +0.176% | $5K | $239K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2162 | −0.072% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0073% | 1h | 0.2162 | −0.071% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2164 | +0.021% | $580K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2161 | −0.090% | $55.8M | $150.6M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2160 | −0.133% | $43.9M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2160 | −0.133% | $13.1M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2161 | −0.101% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2161 | −0.106% | $25.3M | $26.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2161 | −0.092% | $14.5M | $10.4M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2160 | −0.143% | $25.7M | $19.3M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2160 | −0.124% | — | $7.0M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2162 | −0.069% | $94K | $266K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2164 | +0.049% | $256K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2165 | +0.072% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perplong | +0.0100% | 8h | 0.2163 | long leg | $598K | $613K | 10x | |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2164 | +0.056% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2162 | −0.055% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2163 | −0.027% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2161 | −0.106% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2162 | −0.064% | $199K | $260K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2162 | −0.073% | $9.1M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2161 | −0.122% | $194K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2166 | +0.126% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2163 | −0.018% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2161 | −0.093% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0413% | 1h | 0.2161 | −0.103% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2165 | +0.098% | $233K | $1.5M | 50x | as long as short |
| Hyperliquid XLMshort | +0.0480% | 1h | 0.2162 | −0.045% | $12.3M | $6.1M | 5x | |
| Lighter XLM | +0.0568% | 1h | 0.2165 | +0.075% | $419K | $809K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0629% | 1h | 0.2163 | +0.005% | $537K | $160K | 25x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Lighter XLM
Deribit XLM_USDC-PERPETUAL