Funding you earn now, next payment 00:00 UTC−0.0372%/8h= −40.7% APRpaid last 24h −0.064%
Price spread now: GRVT against Hyperliquid+0.059%45s7-day average −0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as 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−$360.359% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.059%, 7d avg −0.082%
=Together, before fees−0.185%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.142% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.082%): +$14 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.014% in total) that is about 2 months. 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 -0.014% 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 | Hyperliquid XLM | 0.2162 | 0.0472 | pay 0.0059% / 1h | 30m 52s | $12.3M | $6.1M | 5x |
| Short | GRVT XLM_USDT_Perp | 0.2163 | 0.0100 | get 0.0100% / 8h | 30m 52s | $598K | $613K | 10x |
Hyperliquid XLM
GRVT XLM_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
- −$78.12
- Price spread: +0.059% → −0.082%
- $14.18
- Slippage, 4 orders
- −$17.93
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$99.87
- Costs to cover
- 0.359%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; GRVT: live order book, 47 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, 12 min ago | 0.23 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 47 min ago | 1.62 bp | 11.0 bp −$11 | 16.6 bp −$166 | 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 | 0.2033 | −5.962% | $4K | $239K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2160 | −0.086% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0076% | 1h | 0.2159 | −0.146% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2163 | +0.042% | $580K | $752K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2161 | −0.042% | $55.8M | $150.7M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2160 | −0.088% | $43.9M | $44.0M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2160 | −0.106% | $13.1M | $41.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2160 | −0.106% | $4.1M | $6.3M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2160 | −0.079% | $25.3M | $26.1M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2160 | −0.093% | $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 | −0.083% | $25.7M | $19.3M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2160 | −0.088% | — | $7.0M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2160 | −0.106% | $94K | $266K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2160 | −0.076% | $254K | $1.3M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2165 | +0.131% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perpshort | +0.0100% | 8h | 0.2163 | +0.059% | $598K | $613K | 10x | |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2164 | +0.116% | $173K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2161 | −0.042% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2161 | −0.046% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2160 | −0.111% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2161 | −0.037% | $199K | $260K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2160 | −0.065% | $9.1M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2160 | −0.110% | $194K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2162 | −0.005% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0222% | 1h | 0.2163 | +0.042% | $5K | $42K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2160 | −0.083% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0413% | 1h | 0.2160 | −0.110% | $2.6M | $2.6M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2165 | +0.157% | $233K | $1.5M | 50x | as long as short |
| Hyperliquid XLMlong | +0.0472% | 1h | 0.2162 | long leg | $12.3M | $6.1M | 5x | |
| Lighter XLM | +0.0560% | 1h | 0.2165 | +0.125% | $419K | $809K | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0722% | 1h | 0.2162 | −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