Funding you earn now, next payment 21:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.090%
Price spread now: Binance against Hyperliquid−0.036%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 7 days−0.357%−$36 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now −0.036%, 7d avg −0.030%
=Together, before fees−0.368%+ Points / potential airdropHyperliquid: Season 2 · farm board−$37 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,479.6 | 0.0100 | pay 0.0013% / 1h | 30m 03s | $772.0M | $510.2M | 10x |
| Short | Binance ZECUSDT | 1,479.1 | 0.0070 | get 0.0070% / 8h | 3h 30m | $678.1M | $2.57B | 75x |
Hyperliquid ZEC
Binance ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$6.3
- Price spread: −0.036% → −0.030%
- −$0.6
- Slippage, 4 orders
- −$3.44
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$29.34
- Costs to cover
- 0.224%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Binance: live order book, 5 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, 5 min ago | 1.35 bp | 5.9 bp −$6 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.03 bp | 5.2 bp −$5 | 6.2 bp −$62 | 14.5 bp −$1,447 | 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 | 1,480.9 | +0.085% | $34K | $159K | 12x | as long as short |
| Variational Omni ZEC | −0.0081% | 8h | 1,479.8 | +0.011% | $47.9M | $30.4M | — | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,479.8 | +0.012% | $6K | $2K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,481.1 | +0.104% | $29.6M | $78.1M | 75x | as long as short |
| Bybit ZECUSDT | −0.0064% | 8h | 1,478.6 | −0.067% | $278.7M | $690.4M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0052% | 1h | 1,478.8 | −0.056% | $18.1M | $44.9M | 25x | as long as short |
| ApeX Omni ZECUSDT | −0.0046% | 1h | 1,478.8 | −0.055% | $735K | $604K | 50x | as long as short |
| Orderly PERP_ZEC_USDC | −0.0006% | 8h | 1,478.8 | −0.053% | $287K | $1.5M | 20x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,481.6 | +0.133% | $417K | $107K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,480.3 | +0.048% | $989K | $5.4M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Variational Omni ZEC
Hotstuff ZEC-PERP
BloFin ZEC-USDT
Bybit ZECUSDT
Kraken Futures PF_ZECUSD
ApeX Omni ZECUSDT
Orderly PERP_ZEC_USDC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,479.4 | −0.011% | $84K | $416K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,479 | −0.043% | $5.2M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0014% | 8h | 1,478.3 | −0.089% | $178.7M | $1.41B | 50x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0021% | 1h | 1,479 | −0.041% | $590K | $1.4M | 25x | as long as short |
| Aster ZECUSDT | +0.0043% | 8h | 1,478.7 | −0.060% | $15.3M | $34.7M | 75x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,481.5 | +0.126% | $4.7M | $1.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0058% / S +0.0052% | 1h | 1,478.2 | −0.094% | $579K | — | 100x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0060% | 1h | 1,476.3 | −0.223% | $401K | $538K | 5x | as long as short |
| Gate ZEC_USDT | +0.0067% | 8h | 1,478.5 | −0.074% | $51.1M | $185.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0068% | 8h | 1,478.4 | −0.079% | $230.7M | $930.4M | 150x | as long as short |
| Binance ZECUSDTshort | +0.0070% | 8h | 1,479.1 | −0.036% | $678.1M | $2.57B | 75x | |
| 01 Exchange ZECUSD | +0.0088% | 1h | 1,480.9 | +0.088% | $9K | $7K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0093% | 8h | 1,480.5 | +0.062% | $12K | $886K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,479.8 | +0.013% | $174K | $2.0M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0096% | 1h | 1,478.4 | −0.083% | $37K | $362K | 20x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,480.2 | +0.044% | $61K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,480.5 | +0.059% | $3.1M | $7.1M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,479.6 | long leg | $772.0M | $510.2M | 10x | |
| Pacifica ZEC | +0.0100% | 1h | 1,481.2 | +0.107% | $1.7M | $3.2M | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,477.8 | −0.122% | $104.3M | $58.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,478.7 | −0.058% | $172.6M | $317.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,479.2 | −0.027% | — | $113.3M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,479.1 | −0.032% | $2.4M | $3.9M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,478.2 | −0.096% | $496K | $10.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,481.1 | +0.101% | $3.0M | $514K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,480 | +0.024% | $111K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,479.2 | −0.027% | $307K | $2.4M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,478.4 | −0.084% | $130K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,477.2 | −0.162% | $449K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,484.1 | +0.302% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,478.8 | −0.057% | $225K | $4.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,479 | −0.041% | $2.4M | $26.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,479.2 | −0.025% | $3.8M | $5.8M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,481.7 | +0.142% | $914K | $30K | 10x | as long as short |
| RISEx ZEC/USDC | +0.0138% | 1h | 1,481.2 | +0.109% | $873K | $2.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0176% | 1h | 1,480.3 | +0.044% | $1.5M | $7.6M | 10x | as long as short |
| Lighter ZEC | +0.0304% | 1h | 1,480.7 | +0.075% | $19.6M | $54.2M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,480.2 | +0.043% | $3.8M | $11.9M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0493% | 1h | 1,478.7 | −0.061% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0538% | 1h | 1,482 | +0.162% | $712K | $7.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0704% | 1h | 1,478.2 | −0.093% | $3.9M | $5.2M | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
Deribit ZEC_USDC-PERPETUAL
Aster ZECUSDT
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
01 Exchange ZECUSD
Katana Perps ZEC-USD
Popdex ZECUSDT
Aevo ZEC-PERP
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Pacifica ZEC
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Bulk ZEC-USD
RISEx ZEC/USDC
Lighter RH ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Extended ZEC-USD