Funding you earn now, next payment 00:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.077%
Price spread now: gTrade (Gains Network) against Hyperliquid−0.050%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$284as in the Price arb table
costs, in and out, $10k−$2802.803% of the position
Funding, last 3 days (all we have)−0.176%−$18 on $10k
+Price spread, last 3 days (all we have)+0.438%+$44 · spread now −0.050%, 7d avg −0.008%
=Together, before fees+0.261%+ Points / potential airdropHyperliquid: Season 2 · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.042% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,470.9 | 0.0100 | pay 0.0013% / 1h | 32m 29s | $762.3M | $474.0M | 10x |
| Short | gTrade (Gains Network) ZEC/USD | 1,470.2 | L +0.0007% / S −0.0006% | get 0.0001% / 1h | 32m 29s | $5.2M | — | 150x |
Hyperliquid ZEC
gTrade (Gains Network) ZEC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$19.68
- Price spread: −0.050% → −0.008%
- −$4.15
- Slippage, 4 orders
- −$261.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$304.09
- Costs to cover
- 2.803%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; gTrade (Gains Network): virtual book (oracle venue), 2 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, 12 min ago | 0.34 bp | 5.3 bp −$5 | 7.4 bp −$74 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.05 bp | 135.0 bp −$135 | 584.7 bp −$5,847 | 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 | −0.3089% | 1h | 1,474.7 | +0.259% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0262% | 1h | 1,470.1 | −0.054% | $399K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,469.9 | −0.070% | $17.9M | $44.3M | 25x | as long as short |
| Bybit ZECUSDT | −0.0110% | 8h | 1,469.6 | −0.088% | $274.8M | $655.1M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0102% | 8h | 1,469.8 | −0.078% | $29.6M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.9 | −0.066% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0051% | 8h | 1,469.5 | −0.096% | $47.0M | $33.7M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0037% | 1h | 1,472.7 | +0.124% | $432K | $832K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.8 | −0.077% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.4 | +0.101% | $901K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
ApeX Omni ZECUSDT
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 | 1,470.1 | −0.058% | $83K | $404K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,470.8 | −0.008% | $613K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USDshort | L +0.0007% / S −0.0006% | 1h | 1,470.2 | −0.050% | $5.2M | — | 150x | |
| Orderly PERP_ZEC_USDC | +0.0011% | 8h | 1,470 | −0.061% | $294K | $1.4M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,470.8 | −0.006% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.2 | +0.156% | $4.7M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0035% | 8h | 1,470.4 | −0.035% | $180.7M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0044% | 8h | 1,470.7 | −0.016% | $50.8M | $186.3M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,470.1 | −0.053% | $371K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,472.1 | +0.082% | $19.1M | $52.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.5 | −0.028% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,469.7 | −0.084% | $13K | $834K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470.2 | −0.045% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470.7 | −0.012% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,470.9 | long leg | $762.3M | $474.0M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.3 | −0.041% | $15.0M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.9 | +0.002% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.5 | −0.027% | $683.7M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.3 | +0.092% | $721K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,473.1 | +0.148% | $909K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.1 | +0.013% | $232.4M | $837.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470.9 | −0.001% | $103.6M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.6 | −0.020% | $162.9M | $302.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,470.4 | −0.032% | — | $102.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,471.8 | +0.059% | $514K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,471.6 | +0.048% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.029% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470.4 | −0.034% | $344K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,469.6 | −0.086% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.4 | −0.170% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472 | +0.073% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.8 | −0.077% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469.7 | −0.084% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.5 | −0.030% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.9 | −0.002% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.2 | −0.049% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,471.3 | +0.025% | $825K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0422% | 1h | 1,470.5 | −0.027% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,472.3 | +0.092% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0488% | 1h | 1,472.5 | +0.107% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0698% | 1h | 1,472 | +0.073% | $46K | $47K | 10x | as long as short |
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZEC
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD