Funding you earn now, next payment 03:05 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.040%
Price spread now: Perpl against Hyperliquid−0.213%7-day average −0.056% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 4 days (all we have)+0.830%+$83 · spread now −0.213%, 7d avg −0.056%
=Together, before fees+0.557%+ Points / potential airdropHyperliquid: Season 2 · Perpl: Active · farm board+$56 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 Perpl is 0.157% cheaper against Hyperliquid than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,456.9 | 0.0100 | pay 0.0013% / 1h | 31m 30s | $757.7M | $432.2M | 10x |
| Short | Perpl ZEC | 1,453.8 | 0 | get 0.0000% / 43m | 2m 30s | $83K | $240K | 10x |
Hyperliquid ZEC
Perpl ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$21
- Price spread: −0.213% → −0.056%
- −$15.65
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$59.45
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 13 min ago; Perpl: no order-book sample. 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, 13 min ago | 0.34 bp | 5.2 bp −$5 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1,455.5 | −0.093% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,455.5 | −0.099% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0067% | 8h | 1,455 | −0.129% | $29.2M | $70.8M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.5 | −0.162% | $410K | $38K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,455.3 | −0.107% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZECshort | 0.0000% | 43m | 1,453.8 | −0.213% | $83K | $240K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,454.4 | −0.170% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0061% | 8h | 1,454.5 | −0.163% | $291K | $956K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0067% / S −0.0017% | 1h | 1,454.5 | −0.166% | $409K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,456.5 | −0.025% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,456 | −0.064% | $174K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,455.8 | −0.078% | $11K | $859K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,456.2 | −0.047% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,456.3 | −0.044% | $2.5M | $6.3M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,456.9 | long leg | $757.7M | $432.2M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,456.1 | −0.058% | $14.5M | $27.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,456.3 | −0.043% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,456.1 | −0.053% | $668.4M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,455.7 | −0.083% | $262.2M | $601.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,455.9 | −0.069% | $177.9M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,452.5 | −0.302% | $395K | $440K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | −0.201% | $877K | $29K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,456.1 | −0.057% | $50.2M | $173.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,456.2 | −0.049% | $217.2M | $771.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,456.2 | −0.045% | $102.1M | $54.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,456.3 | −0.045% | $165.4M | $271.1M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,456.4 | −0.033% | — | $101.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,455.9 | −0.067% | $2.4M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,451.5 | −0.371% | $47.5M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,454.6 | −0.157% | $566K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,454.8 | −0.142% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,454.8 | −0.141% | $405K | $926K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,454.6 | −0.155% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,454.2 | −0.185% | $366K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,454.6 | −0.160% | $160K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,453.5 | −0.235% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.7 | −0.016% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,455.3 | −0.110% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,454.4 | −0.172% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,454.7 | −0.152% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,455.7 | −0.081% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,454.4 | −0.168% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,452.5 | −0.302% | $4.6M | $1.3M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0254% | 1h | 1,455.1 | −0.121% | $609K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0277% | 1h | 1,455.1 | −0.121% | $18.0M | $44.9M | 25x | as long as short |
| Lighter ZEC | +0.0320% | 1h | 1,457.4 | +0.036% | $19.2M | $45.9M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,456.2 | −0.046% | $922K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,457.4 | +0.036% | $3.8M | $9.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0488% | 1h | 1,457.7 | +0.053% | $2.0M | $6.9M | 10x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,457.5 | +0.038% | $701K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0677% | 1h | 1,454 | −0.199% | $44K | $49K | 10x | as long as short |
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
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
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD