Funding you earn now, next payment 21:00 UTC−0.3281%/8h= −359.2% APRnext payment −$4.10 per $10,000 · paid last 24h −0.423%
Price spread now: Injective against Hyperliquid−0.527%73s7-day average +0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.347%−$235 on $10k
+Price spread, last 3 days (all we have)+2.578%+$258 · spread now −0.527%, 7d avg +0.090%
=Together, before fees+0.232%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$98 a day on $10k at the current rate, and Injective is 0.617% cheaper against Hyperliquid than usual: you would sell low and buy high (−$62 if the spread goes back to its 7-day average of +0.090%). Swap the legs. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,457.5 | 0.0100 | pay 0.0013% / 1h | 11m 52s | $756.3M | $517.7M | 10x |
| Short | Injective ZEC/USDC PERP | 1,449.8 | −0.3181 | pay 0.0398% / 1h | 11m 52s | $33K | $159K | 12x |
Hyperliquid ZEC
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$688.91
- Price spread: −0.527% → +0.090%
- −$61.73
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$759.66
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 17 min ago; Injective: live order book, 17 min ago. Net counts fees only.
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, 17 min ago | 0.34 bp | 5.6 bp −$6 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Injective live order book, 17 min ago | 58.14 bp | doesn't fit | doesn't fit | 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 PERPshort | −0.3181% | 1h | 1,449.8 | −0.527% | $33K | $159K | 12x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,458.3 | +0.054% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0063% | 8h | 1,463 | +0.376% | $47.2M | $31.2M | — | as long as short |
| BloFin ZEC-USDT | −0.0059% | 8h | 1,457.7 | +0.012% | $29.4M | $77.4M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0053% | 1h | 1,456.7 | −0.057% | $17.7M | $45.7M | 25x | as long as short |
| Bybit ZECUSDT | −0.0040% | 8h | 1,456.6 | −0.060% | $272.6M | $689.9M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | −0.0001% | 8h | 1,457.5 | −0.001% | $278K | $1.5M | 20x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,456.9 | −0.038% | $410K | $107K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,456.6 | −0.061% | $974K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,457.3 | −0.017% | $83K | $400K | 10x | as long as short |
Hotstuff ZEC-PERP
Variational Omni ZEC
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
Orderly PERP_ZEC_USDC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,457.7 | +0.011% | $574K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,457.4 | −0.008% | $5.2M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0026% | 8h | 1,456.7 | −0.054% | $173.8M | $1.39B | 50x | as long as short |
| Aster ZECUSDT | +0.0036% | 8h | 1,456.8 | −0.047% | $15.0M | $35.2M | 75x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,461.9 | +0.303% | $4.6M | $1.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0049% / S +0.0060% | 1h | 1,457.2 | −0.017% | $548K | — | 100x | as long as short |
| ApeX Omni ZECUSDT | +0.0059% | 1h | 1,463 | +0.377% | $726K | $605K | 50x | as long as short |
| Gate ZEC_USDT | +0.0063% | 8h | 1,456.5 | −0.067% | $49.7M | $187.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0078% | 8h | 1,456.1 | −0.098% | $218.7M | $945.3M | 150x | as long as short |
| Binance ZECUSDT | +0.0080% | 8h | 1,457.2 | −0.021% | $665.9M | $2.58B | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0094% | 8h | 1,459.2 | +0.116% | $10K | $883K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,458.7 | +0.083% | $178K | $2.0M | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0098% | 1h | 1,461.5 | +0.274% | $397K | $523K | 5x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,456.9 | −0.042% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,458 | +0.036% | $3.0M | $7.1M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,457.5 | long leg | $756.3M | $517.7M | 10x | |
| Pacifica ZEC | +0.0100% | 1h | 1,456.6 | −0.058% | $1.6M | $3.2M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,464.9 | +0.506% | $903K | $32K | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,456.8 | −0.048% | $103.0M | $58.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,456 | −0.100% | $169.4M | $316.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,456.1 | −0.094% | — | $113.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,457.6 | +0.008% | $2.3M | $4.0M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,461.5 | +0.275% | $491K | $10.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,461.8 | +0.292% | $3.0M | $514K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,459.5 | +0.135% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,458.3 | +0.055% | $310K | $2.3M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,457 | −0.034% | $128K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,456.1 | −0.097% | $443K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,461 | +0.242% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457 | −0.032% | $223K | $4.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,458.7 | +0.084% | $2.4M | $25.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.4 | −0.010% | $3.7M | $5.8M | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,459 | +0.104% | $8K | $10K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,457.3 | −0.012% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0138% | 1h | 1,458 | +0.033% | $864K | $2.6M | 10x | as long as short |
| Lighter RH ZEC | +0.0160% | 1h | 1,458.7 | +0.079% | $1.9M | $8.4M | 10x | as long as short |
| Lighter ZEC | +0.0216% | 1h | 1,458.5 | +0.066% | $19.0M | $55.1M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,459.8 | +0.161% | $3.7M | $11.8M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0470% | 1h | 1,462.2 | +0.319% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0538% | 1h | 1,459.3 | +0.125% | $743K | $7.7M | 10x | as long as short |
| Extended ZEC-USD | +0.0960% | 1h | 1,456 | −0.103% | $3.4M | $6.9M | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
Aster ZECUSDT
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
ApeX Omni ZECUSDT
Gate ZEC_USDT
MEXC ZEC_USDT
Binance ZECUSDT
Katana Perps ZEC-USD
Popdex ZECUSDT
Ondo Perps ZEC-USD.P
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Pacifica ZEC
Bulk ZEC-USD
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
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
01 Exchange ZECUSD
Aevo ZEC-PERP
RISEx ZEC/USDC
Lighter RH ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Extended ZEC-USD