Funding you earn now, next payment 21:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.094%
Price spread now: Hyperliquid against Bybit+0.099%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 7 days−0.050%−$5 · spread now +0.099%, 7d avg +0.032%
=Together, before fees+0.107%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.067% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZECUSDT | 1,455.8 | −0.0040 | get 0.0040% / 8h | 3h 12m | $272.6M | $689.7M | 75x |
| Short | Hyperliquid ZEC | 1,457.3 | 0.0100 | get 0.0013% / 1h | 12m 47s | $756.3M | $517.5M | 10x |
Bybit ZECUSDT
Hyperliquid ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $29.31
- Price spread: +0.099% → +0.032%
- $6.72
- Slippage, 4 orders
- −$5.71
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $10.32
- Costs to cover
- 0.257%
- Break-even
- 4.5 days
Slippage from Bybit: live order book, 1 min ago; Hyperliquid: live order book, 16 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 Bybit live order book, 1 min ago | 0.03 bp | 7.5 bp −$8 | 10.3 bp −$103 | 19.3 bp −$1,932 | doesn't fit |
| Sell Hyperliquid live order book, 16 min ago | 0.34 bp | 6.1 bp −$6 | 7.8 bp −$78 | doesn't fit | doesn't fit |
ZEC on 51 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 ZEC/USDC PERP | −0.3181% | 1h | 1,449.8 | −0.413% | $33K | $159K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,461.3 | +0.373% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0063% | 8h | 1,463 | +0.491% | $47.2M | $31.2M | — | as long as short |
| BloFin ZEC-USDT | −0.0059% | 8h | 1,457.7 | +0.126% | $29.4M | $77.4M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0053% | 1h | 1,457.8 | +0.134% | $17.7M | $45.7M | 25x | as long as short |
| Bybit ZECUSDTlong | −0.0040% | 8h | 1,455.8 | long leg | $272.6M | $689.7M | 75x | |
| Orderly PERP_ZEC_USDC | −0.0001% | 8h | 1,458.3 | +0.166% | $281K | $1.5M | 20x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,456.9 | +0.077% | $410K | $107K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.7 | +0.200% | $974K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,458.3 | +0.169% | $83K | $400K | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Variational Omni ZEC
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Orderly PERP_ZEC_USDC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,458.4 | +0.174% | $574K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,459.3 | +0.239% | $5.2M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0026% | 8h | 1,456.6 | +0.056% | $173.8M | $1.39B | 50x | as long as short |
| Aster ZECUSDT | +0.0036% | 8h | 1,457.1 | +0.088% | $15.0M | $35.1M | 75x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,461.9 | +0.418% | $4.6M | $1.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0050% / S +0.0060% | 1h | 1,459.1 | +0.227% | $549K | — | 100x | as long as short |
| ApeX Omni ZECUSDT | +0.0059% | 1h | 1,463 | +0.493% | $726K | $605K | 50x | as long as short |
| Gate ZEC_USDT | +0.0063% | 8h | 1,457.1 | +0.089% | $49.7M | $187.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0078% | 8h | 1,456.5 | +0.046% | $219.8M | $944.9M | 150x | as long as short |
| Binance ZECUSDT | +0.0080% | 8h | 1,456.6 | +0.052% | $665.7M | $2.58B | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0094% | 8h | 1,459.2 | +0.231% | $10K | $883K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,459.4 | +0.245% | $177K | $2.0M | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0098% | 1h | 1,461.5 | +0.389% | $397K | $523K | 5x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,456.9 | +0.073% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,459.7 | +0.263% | $3.0M | $7.1M | 10x | as long as short |
| Hyperliquid ZECshort | +0.0100% | 1h | 1,457.3 | +0.099% | $756.3M | $517.5M | 10x | |
| Pacifica ZEC | +0.0100% | 1h | 1,456.6 | +0.056% | $1.6M | $3.2M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,464.9 | +0.621% | $903K | $32K | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,457.1 | +0.084% | $103.0M | $58.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,457 | +0.080% | $169.5M | $316.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,455.8 | −0.002% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,457.7 | +0.131% | $2.4M | $3.9M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,461.5 | +0.390% | $491K | $10.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,461.8 | +0.407% | $3.0M | $514K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,461.6 | +0.393% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,458.9 | +0.211% | $315K | $2.3M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,457.8 | +0.138% | $128K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,456.7 | +0.061% | $443K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,462 | +0.425% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457.8 | +0.137% | $223K | $4.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,458.2 | +0.166% | $2.4M | $25.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.6 | +0.120% | $3.7M | $5.8M | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,459.6 | +0.258% | $8K | $10K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,458 | +0.147% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0138% | 1h | 1,458 | +0.148% | $864K | $2.6M | 10x | as long as short |
| Lighter RH ZEC | +0.0160% | 1h | 1,458.1 | +0.157% | $1.9M | $8.4M | 10x | as long as short |
| Lighter ZEC | +0.0216% | 1h | 1,458 | +0.146% | $19.0M | $55.1M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,460.3 | +0.310% | $3.7M | $11.8M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0453% | 1h | 1,463.5 | +0.523% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0538% | 1h | 1,459.3 | +0.240% | $743K | $7.7M | 10x | as long as short |
| Extended ZEC-USD | +0.0992% | 1h | 1,456.8 | +0.064% | $3.5M | $6.8M | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
Aster ZECUSDT
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
ApeX Omni ZECUSDT
Gate ZEC_USDT
MEXC ZEC_USDT
Binance ZECUSDT
Katana Perps ZEC-USD
Popdex ZECUSDT
Ondo Perps ZEC-USD.P
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Pacifica ZEC
Bulk ZEC-USD
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
01 Exchange ZECUSD
Aevo ZEC-PERP
RISEx ZEC/USDC
Lighter RH ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Extended ZEC-USD