Funding you earn now, next payment 01:00 UTC+0.0205%/8h= +22.5% APRnext payment +$0.26 per $10,000 · paid last 24h −0.056%
Price spread now: Deribit against Hyperliquid+0.042%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Funding, last 7 days−0.218%−$22 on $10k
+Price spread, last 3 days (all we have)+0.328%+$33 · spread now +0.042%, 7d avg +0.050%
=Together, before fees+0.110%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.218%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,469.7 | 0.0100 | pay 0.0013% / 1h | 21m 22s | $761.9M | $452.0M | 10x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,470.3 | 0.0305 | get 0.0038% / 1h | 21m 22s | $605K | $1.3M | 25x |
Hyperliquid ZEC
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $43.08
- Price spread: +0.042% → +0.050%
- −$0.81
- Slippage, 4 orders
- −$11.05
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $15.22
- Costs to cover
- 0.270%
- Break-even
- 4.5 days
Slippage from Hyperliquid: live order book, 13 min ago; Deribit: live order book, 3 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, 13 min ago | 0.68 bp | 5.3 bp −$5 | 7.8 bp −$78 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 4.80 bp | 8.3 bp −$8 | 15.3 bp −$153 | 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 | −0.3321% | 1h | 1,468.6 | −0.074% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,469.6 | −0.004% | $17.8M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0109% | 1h | 1,467.4 | −0.156% | $399K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0109% | 8h | 1,467.4 | −0.155% | $29.7M | $72.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,468.8 | −0.061% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0038% | 8h | 1,469.1 | −0.040% | $47.6M | $33.7M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,468.4 | −0.086% | $414K | $103K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,467.3 | −0.166% | $8K | $9K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.7 | −0.066% | $958K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,468.5 | −0.080% | $83K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
01 Exchange ZECUSD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,469.4 | −0.024% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0017% | 8h | 1,469.3 | −0.029% | $293K | $1.1M | 20x | as long as short |
| Bybit ZECUSDT | +0.0051% | 8h | 1,469.1 | −0.040% | $274.0M | $633.5M | 75x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,469.3 | −0.025% | $4.6M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,469 | −0.047% | $377K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0055% | 8h | 1,469 | −0.045% | $182.0M | $1.30B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,468.1 | −0.108% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,467.7 | −0.135% | $19K | $838K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.9 | −0.054% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,469.2 | −0.037% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,469.7 | long leg | $761.9M | $452.0M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.6 | −0.078% | $14.9M | $31.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469 | −0.049% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,469.3 | −0.024% | $684.5M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,470 | +0.021% | $701K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,469.2 | −0.035% | $50.9M | $180.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,468.6 | −0.072% | $230.1M | $827.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,468.4 | −0.091% | $104.6M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,469.6 | −0.009% | $163.6M | $292.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,469.2 | −0.037% | — | $100.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,466.9 | −0.189% | $571K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.3 | −0.094% | $3.0M | $447K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,467.3 | −0.161% | $429K | $869K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,469.3 | −0.026% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.2 | −0.102% | $340K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.6 | −0.072% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,467.6 | −0.143% | $457K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470.3 | +0.044% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.4 | −0.022% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.8 | −0.195% | $2.5M | $21.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469.5 | −0.016% | $3.8M | $5.3M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.7 | +0.136% | $895K | $24K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,469.4 | −0.021% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468.9 | −0.054% | $54K | $168K | 20x | as long as short |
| Lighter ZEC | +0.0216% | 1h | 1,470.2 | +0.033% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,468.9 | −0.052% | $853K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0305% | 1h | 1,470.3 | +0.042% | $605K | $1.3M | 25x | |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,470.3 | +0.039% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0529% | 1h | 1,469.8 | +0.007% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0761% | 1h | 1,469.4 | −0.020% | $43K | $46K | 10x | as long as short |
| Lighter RH ZEC | +0.0776% | 1h | 1,471.3 | +0.110% | $2.0M | $8.2M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Bybit ZECUSDT
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC