Funding you earn now, next payment 04:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.019%
Price spread now: GRVT against Hyperliquid+0.030%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$230.229% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 7 days−0.170%−$17 · spread now +0.030%, 7d avg −0.027%
=Together, before fees−0.262%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.056% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.027%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,452 | 0.0125 | pay 0.0016% / 1h | 55m 35s | $755.5M | $435.6M | 10x |
| Short | GRVT ZEC_USDT_Perp | 1,452.4 | 0.0100 | get 0.0100% / 8h | 4h 55m | $3.0M | $432K | 10x |
Hyperliquid ZEC
GRVT ZEC_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$5.26
- Price spread: +0.030% → −0.027%
- $5.63
- Slippage, 4 orders
- −$4.85
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$22.48
- Costs to cover
- 0.229%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; GRVT: 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, 9 min ago | 0.34 bp | 6.0 bp −$6 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 1.41 bp | 6.1 bp −$6 | 8.3 bp −$83 | 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 | −0.3166% | 1h | 1,452.7 | +0.048% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.3 | +0.021% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,450 | −0.141% | $29.3M | $70.4M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,450.4 | −0.107% | $408K | $40K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,452.8 | +0.054% | $1.5M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.7 | −0.024% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452 | 0.000% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0057% | 8h | 1,451.8 | −0.012% | $291K | $958K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0063% / S −0.0013% | 1h | 1,451.8 | −0.011% | $408K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,450.6 | −0.095% | $8K | $7K | 5x | 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]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0074% | 1h | 1,451.4 | −0.041% | $4.6M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,450.3 | −0.116% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,450.4 | −0.107% | $9K | $880K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,451.2 | −0.057% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,452.3 | +0.020% | $2.6M | $6.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,450.8 | −0.080% | $14.4M | $27.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,451.1 | −0.065% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,450.2 | −0.121% | $665.2M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,450.5 | −0.102% | $261.9M | $603.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,451 | −0.067% | $177.7M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,448.7 | −0.227% | $395K | $449K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,450 | −0.138% | $876K | $23K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,451 | −0.071% | $49.8M | $171.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,450.9 | −0.074% | $213.3M | $766.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,451.1 | −0.065% | $102.1M | $55.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,450.9 | −0.074% | $161.7M | $272.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,450.6 | −0.094% | — | $97.3M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,452.8 | +0.055% | $2.5M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,451.4 | −0.042% | $47.5M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,448.5 | −0.243% | $564K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perpshort | +0.0100% | 8h | 1,452.4 | +0.030% | $3.0M | $432K | 10x | |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,450.2 | −0.125% | $408K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,450.5 | −0.107% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452 | 0.000% | $367K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452 | +0.001% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,450.9 | −0.076% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,454.7 | +0.187% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452 | +0.003% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,451.5 | −0.037% | $2.7M | $18.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,452.3 | +0.021% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,450.5 | −0.103% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,451.9 | −0.009% | $47K | $151K | 20x | as long as short |
| Hyperliquid ZEClong | +0.0125% | 1h | 1,452 | long leg | $755.5M | $435.6M | 10x | |
| Lighter ZEC | +0.0264% | 1h | 1,452.6 | +0.042% | $19.1M | $45.8M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0278% | 1h | 1,451.9 | −0.006% | $18.0M | $44.7M | 25x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0359% | 1h | 1,452.8 | +0.055% | $610K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,451.1 | −0.061% | $831K | $1.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0448% | 1h | 1,452.7 | +0.051% | $2.0M | $6.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,455.1 | +0.212% | $3.7M | $9.0M | 50x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,452.7 | +0.049% | $721K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0674% | 1h | 1,452.2 | +0.012% | $44K | $49K | 10x | as long as short |
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit 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-USDT
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
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
Lighter ZEC
Kraken Futures PF_ZECUSD
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD