Funding you earn now, next payment 22:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.108%
Price spread now: Hyperliquid against gTrade (Gains Network)+0.301%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2802.797% of the position
Funding, last 3 days (all we have)+0.172%+$17 on $10k
+Price spread, last 3 days (all we have)−1.109%−$111 · spread now +0.301%, 7d avg +0.008%
=Together, before fees−0.937%+ Points / potential airdropHyperliquid: Season 2 · farm board−$94 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.292% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ZEC/USD | 1,449.6 | L +0.0007% / S −0.0006% | pay 0.0001% / 1h | 56m 36s | $5.1M | — | 150x |
| Short | Hyperliquid ZEC | 1,454 | 0.0100 | get 0.0013% / 1h | 56m 36s | $752.9M | $508.7M | 10x |
gTrade (Gains Network) ZEC/USD
Hyperliquid ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against gTrade (Gains Network). 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
- $19.56
- Price spread: +0.301% → +0.008%
- $29.25
- Slippage, 4 orders
- −$260.75
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$230.94
- Costs to cover
- 2.797%
- Break-even
- 89.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Hyperliquid: live order book, 8 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago | 130.03 bp | 135.0 bp −$135 | 425.9 bp −$4,259 | 4809.1 bp −$480.9K | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.34 bp | 4.8 bp −$5 | 4.8 bp −$48 | 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 | −0.3476% | 1h | 1,454.5 | +0.335% | $34K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452 | +0.162% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,449.2 | −0.028% | $17.6M | $44.8M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0059% | 8h | 1,450.1 | +0.034% | $29.1M | $76.1M | 75x | as long as short |
| Variational Omni ZEC | −0.0041% | 8h | 1,455.2 | +0.387% | $46.3M | $31.5M | — | as long as short |
| Bybit ZECUSDT | −0.0018% | 8h | 1,453.3 | +0.249% | $268.8M | $679.5M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453.4 | +0.259% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,450.6 | +0.064% | $848K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.6 | +0.137% | $82K | $400K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,450.1 | +0.031% | $567K | $1.3M | 25x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUALShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0005% | 8h | 1,449.6 | −0.002% | $291K | $1.5M | 20x | as long as short |
| gTrade (Gains Network) ZEC/USDlong | L +0.0007% / S −0.0006% | 1h | 1,449.6 | long leg | $5.1M | — | 150x | |
| OKX ZEC-USDT-SWAP | +0.0033% | 8h | 1,453.2 | +0.248% | $172.5M | $1.37B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,452.8 | +0.220% | $8K | $8K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0042% / S +0.0061% | 1h | 1,449.5 | −0.010% | $535K | — | 100x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,455.2 | +0.381% | $4.6M | $1.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0047% | 8h | 1,452.1 | +0.170% | $15.1M | $35.3M | 75x | as long as short |
| Gate ZEC_USDT | +0.0062% | 8h | 1,453.1 | +0.237% | $49.2M | $184.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0092% | 8h | 1,453.9 | +0.297% | $213.6M | $877.1M | 150x | as long as short |
| Binance ZECUSDT | +0.0094% | 8h | 1,453.7 | +0.282% | $661.5M | $2.55B | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,452.8 | +0.219% | $17K | $886K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.4 | +0.192% | $178K | $2.0M | 50x | as long as short |
| Polymarket Perps ZEC-USD | +0.0097% | 1h | 1,450.9 | +0.087% | $298K | $2.1M | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.7 | +0.281% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,451.5 | +0.130% | $3.0M | $7.0M | 10x | as long as short |
| Hyperliquid ZECshort | +0.0100% | 1h | 1,454 | +0.301% | $752.9M | $508.7M | 10x | |
| Pacifica ZEC | +0.0100% | 1h | 1,454.1 | +0.310% | $1.6M | $3.1M | 10x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,449.9 | +0.018% | $393K | $522K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454.9 | +0.362% | $896K | $37K | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.7 | +0.212% | $103.8M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.9 | +0.221% | $162.4M | $317.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,452.9 | +0.222% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,451.1 | +0.098% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.3 | +0.250% | $487K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.4 | +0.187% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.6 | +0.203% | $711K | $604K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451.5 | +0.126% | $109K | $4.8M | 30x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,448.8 | −0.055% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,448.3 | −0.093% | $440K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,452.6 | +0.204% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,449.6 | 0.000% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,448.9 | −0.049% | $2.4M | $25.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,450.5 | +0.058% | $3.7M | $5.5M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,449.7 | +0.006% | $36K | $362K | 20x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,455.2 | +0.381% | $18.8M | $53.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,453.2 | +0.244% | $862K | $2.5M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,451.5 | +0.128% | $3.7M | $11.5M | 50x | as long as short |
| Extended ZEC-USD | +0.0456% | 1h | 1,452.9 | +0.227% | $3.3M | $7.0M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0463% | 1h | 1,454.2 | +0.314% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,455.2 | +0.384% | $753K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0632% | 1h | 1,456 | +0.439% | $2.0M | $8.4M | 10x | as long as short |
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Aster ZECUSDT
Gate ZEC_USDT
MEXC ZEC_USDT
Binance ZECUSDT
Katana Perps ZEC-USD
Popdex ZECUSDT
Polymarket Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Pacifica ZEC
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Extended ZEC-USD
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC