Funding you earn now, next payment 05:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.046%
Price spread now: Bybit against Hyperliquid−0.116%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$230.235% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now −0.116%, 7d avg −0.034%
=Together, before fees−0.127%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.082% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,454.6 | 0.0125 | pay 0.0016% / 1h | 34m 08s | $757.3M | $425.9M | 10x |
| Short | Bybit ZECUSDT | 1,452.9 | 0.0100 | get 0.0100% / 8h | 3h 34m | $261.0M | $599.8M | 75x |
Hyperliquid ZEC
Bybit ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$5.31
- Price spread: −0.116% → −0.034%
- −$8.17
- Slippage, 4 orders
- −$3.47
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$36.95
- Costs to cover
- 0.235%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Bybit: 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, 10 min ago | 0.34 bp | 5.4 bp −$5 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.03 bp | 6.9 bp −$7 | 9.0 bp −$90 | 17.9 bp −$1,791 | 33.6 bp −$16.8K |
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 | −0.3042% | 1h | 1,453.8 | −0.056% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,451.9 | −0.188% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0070% | 8h | 1,452 | −0.181% | $29.4M | $70.5M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,452.2 | −0.164% | $409K | $36K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,453.3 | −0.091% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,452.6 | −0.140% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452.9 | −0.114% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,452.6 | −0.138% | $290K | $944K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0082% / S −0.0032% | 1h | 1,452.8 | −0.121% | $433K | — | 100x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,454.7 | +0.004% | $2.1M | $7.0M | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Lighter RH ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.2 | −0.100% | $174K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,452.9 | −0.115% | $13K | $820K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,452.9 | −0.120% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.6 | −0.067% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,453.1 | −0.105% | $14.5M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453 | −0.108% | $1.6M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,453.4 | −0.080% | $668.6M | $2.20B | 75x | as long as short |
| Bybit ZECUSDTshort | +0.0100% | 8h | 1,452.9 | −0.116% | $261.0M | $599.8M | 75x | |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,453.3 | −0.092% | $178.4M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,452.8 | −0.124% | $395K | $433K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,452.9 | −0.117% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,453.1 | −0.103% | $51.0M | $171.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,453.2 | −0.096% | $218.5M | $768.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,453.4 | −0.080% | $102.5M | $53.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.4 | −0.083% | $165.3M | $270.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,453.1 | −0.102% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,450.8 | −0.262% | $47.6M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,452.6 | −0.137% | $565K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,450.6 | −0.278% | $3.0M | $463K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,454.2 | −0.026% | $402K | $943K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452 | −0.177% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.9 | −0.117% | $352K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,453 | −0.110% | $160K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451.4 | −0.223% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.2 | +0.041% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,453.3 | −0.088% | $233K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.1 | −0.170% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,453.3 | −0.089% | $3.8M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,453 | −0.110% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,451.9 | −0.189% | $47K | $151K | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0108% | 1h | 1,453.9 | −0.052% | $2.4M | $3.9M | 15x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,453.5 | −0.077% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,454.3 | −0.022% | $4.6M | $1.3M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0125% | 1h | 1,454.6 | long leg | $757.3M | $425.9M | 10x | |
| Lighter ZEC | +0.0168% | 1h | 1,454.6 | +0.001% | $19.1M | $44.9M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,453.4 | −0.082% | $919K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0333% | 1h | 1,453.4 | −0.084% | $613K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0333% | 1h | 1,453 | −0.112% | $18.0M | $45.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,454.8 | +0.016% | $702K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,455.9 | +0.091% | $3.8M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0671% | 1h | 1,453.1 | −0.101% | $44K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Backpack ZEC_USDC_PERP
01 Exchange ZECUSD
Phoenix ZEC
Lighter ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD