Funding you earn now, next payment 05:00 UTC−0.0145%/8h= −15.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.039%
Price spread now: dYdX against Hyperliquid−0.161%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$910.909% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.161%, 7d avg −0.025%
=Together, before fees+0.045%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and dYdX is 0.136% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,463.3 | 0.0145 | pay 0.0018% / 1h | 13m 16s | $762.5M | $424.8M | 10x |
| Short | dYdX ZEC-USD | 1,460.9 | 0 | get 0.0000% / 1h | 13m 16s | $406K | $41K | 5x |
Hyperliquid ZEC
dYdX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$30.54
- Price spread: −0.161% → −0.025%
- −$13.57
- Slippage, 4 orders
- −$71.89
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$135.01
- Costs to cover
- 0.909%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; dYdX: live order book, 41 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, 11 min ago | 0.34 bp | 4.8 bp −$5 | 7.1 bp −$71 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 41 min ago | 35.60 bp | 40.6 bp −$41 | 46.3 bp −$463 | 86.9 bp −$8,693 | 351.8 bp −$175.9K |
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 | 1,461.1 | −0.153% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,459.9 | −0.232% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,461.9 | −0.099% | $29.6M | $70.7M | 75x | as long as short |
| dYdX ZEC-USDshort | 0.0000% | 1h | 1,460.9 | −0.161% | $406K | $41K | 5x | |
| Perpl ZEC | 0.0000% | 43m | 1,461.5 | −0.123% | $84K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,461.8 | −0.100% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,461.6 | −0.114% | $292K | $916K | 20x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0082% | 1h | 1,460.4 | −0.198% | $396K | $435K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0087% / S −0.0039% | 1h | 1,461.8 | −0.103% | $436K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,461.7 | −0.110% | $174K | $1.6M | 50x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Ondo Perps ZEC-USD.P
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,462.4 | −0.064% | $14K | $804K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,462 | −0.091% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.1 | −0.082% | $2.8M | $6.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,461.9 | −0.099% | $14.5M | $27.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,462.2 | −0.073% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,461.9 | −0.098% | $673.0M | $2.17B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,461.3 | −0.137% | $261.7M | $589.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,461.7 | −0.107% | $179.4M | $1.21B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.9 | −0.370% | $881K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,461.8 | −0.103% | $52.3M | $172.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461.8 | −0.103% | $219.7M | $772.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,461.9 | −0.094% | $103.1M | $53.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,462.1 | −0.083% | $166.0M | $268.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,461.9 | −0.098% | — | $106.6M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,458.8 | −0.309% | $47.8M | $32.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,460.1 | −0.220% | $568K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,461.4 | −0.130% | $3.0M | $464K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.6 | −0.318% | $403K | $944K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,462.1 | −0.083% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,461.8 | −0.103% | $356K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,461.7 | −0.112% | $161K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,460.7 | −0.179% | $446K | $504K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,464.2 | +0.063% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,461.7 | −0.111% | $234K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,461.5 | −0.126% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,461.8 | −0.106% | $3.8M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,461.6 | −0.117% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,461.4 | −0.126% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,462.7 | −0.042% | $4.7M | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0120% | 1h | 1,463.2 | −0.006% | $2.1M | $7.0M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,461.8 | −0.101% | $8K | $7K | 5x | as long as short |
| Hyperliquid ZEClong | +0.0145% | 1h | 1,463.3 | long leg | $762.5M | $424.8M | 10x | |
| Lighter ZEC | +0.0160% | 1h | 1,463.4 | +0.008% | $19.4M | $45.3M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0183% | 1h | 1,462.7 | −0.044% | $616K | $1.3M | 25x | as long as short |
| Kalshi KXZECPERP | +0.0186% | 8h | 1,462 | −0.087% | $1.5M | $4.4M | 2.2x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,462 | −0.092% | $924K | $1.1M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0275% | 1h | 1,462.4 | −0.061% | $2.4M | $3.8M | 15x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0332% | 1h | 1,461.6 | −0.118% | $18.1M | $45.1M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,463.1 | −0.016% | $685K | $8.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,465.2 | +0.127% | $3.8M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0679% | 1h | 1,460.9 | −0.165% | $45K | $49K | 10x | as long as short |
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Phoenix ZEC
Lighter RH ZEC
01 Exchange ZECUSD
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Kalshi KXZECPERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD