Funding you earn now, next payment 02:00 UTC+0.0415%/8h= +45.5% APRpaid last 24h +0.050%
Price spread now: Hyperliquid against GRVT+0.229%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$950.952% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)−1.322%−$132 · spread now +0.229%, 7d avg +0.132%
=Together, before fees−1.271%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$127 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.098% dearer against GRVT than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.132%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% 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 ZEN_USDT_Perp | 7.7756 | 0.0100 | pay 0.0100% / 8h | 6h 11m | $581K | $1.8M | 10x |
| Short | Hyperliquid ZEN | 7.7934 | 0.0515 | get 0.0064% / 1h | 11m 08s | $2.5M | $1.6M | 5x |
GRVT ZEN_USDT_Perp
Hyperliquid ZENFunding 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
- $87.19
- Price spread: +0.229% → +0.132%
- $9.76
- Slippage, 4 orders
- −$77.16
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $1.79
- Costs to cover
- 0.952%
- Break-even
- 6.9 days
Slippage from GRVT: live order book, 2 min ago; Hyperliquid: live order book, 10 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, 2 min ago | 0.64 bp | 33.0 bp −$33 | 60.5 bp −$605 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 2.94 bp | 18.9 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
ZEN on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZEN-USD | 0.0000% | 1h | 7.7842 | +0.111% | $9K | — | 5x | as long as short |
| Variational Omni ZEN | +0.0085% | 8h | 7.7686 | −0.090% | $52K | $84K | — | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7780 | +0.032% | $56K | $375K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7849 | +0.120% | $11.3M | $30.9M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7790 | +0.044% | $4.6M | $6.0M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.7790 | +0.044% | $2.4M | $5.5M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7830 | +0.095% | $12.2M | $5.4M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.7830 | +0.095% | $4.2M | $4.7M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7800 | +0.057% | $2.9M | $3.4M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7790 | +0.044% | — | $3.2M | — | as long as short |
dYdX ZEN-USD
Variational Omni ZEN
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
KuCoin ZENUSDTM
Bitget ZENUSDT
BingX ZEN-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ZEN_USDT_Perplong | +0.0100% | 8h | 7.7756 | long leg | $581K | $1.8M | 10x | |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7790 | +0.044% | $27K | $682K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7800 | +0.057% | $1K | $1.4M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.7773 | +0.023% | $24K | $124K | 5x | as long as short |
| Hyperliquid ZENshort | +0.0515% | 1h | 7.7934 | +0.229% | $2.5M | $1.6M | 5x | |
| Kraken Futures PF_ZENUSD | +0.3178% | 1h | 7.8096 | +0.438% | $511K | $1.0M | 25x | as long as short |
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
Kraken Futures PF_ZENUSD