Funding you earn now, next payment 04:00 UTC+0.0238%/8h= +26.0% APRpaid last 24h +0.044%
Price spread now: Hyperliquid against Aster+0.286%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$324as in the Price arb table
costs, in and out, $10k−$3423.423% of the position
Funding, last 5 days (all we have)+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.440%−$44 · spread now +0.286%, 7d avg +0.098%
=Together, before fees−0.369%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.188% dearer against Aster than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.098%.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.071% in total (about 4.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ZENUSDT | 7.6290 | 0.0100 | pay 0.0100% / 8h | 4h 58m | $53K | $374K | 10x |
| Short | Hyperliquid ZEN | 7.6508 | 0.0338 | get 0.0042% / 1h | 58m 15s | $2.5M | $1.3M | 5x |
Aster ZENUSDT
Hyperliquid ZENFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Aster. 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
- $49.93
- Price spread: +0.286% → +0.098%
- $18.76
- Slippage, 4 orders
- −$325.3
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$273.61
- Costs to cover
- 3.423%
- Break-even
- 45.4 days
Slippage from Aster: live order book, 64 min ago; Hyperliquid: 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 Aster live order book, 64 min ago | 8.38 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.63 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
ZEN on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZEN-USD | 0.0000% | 1h | 7.6374 | +0.110% | $9K | — | 5x | as long as short |
| Aster ZENUSDTlong | +0.0100% | 8h | 7.6290 | long leg | $53K | $374K | 10x | |
| Binance ZENUSDT | +0.0100% | 8h | 7.6239 | −0.066% | $11.1M | $29.8M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.5970 | −0.419% | $4.5M | $5.8M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.5960 | −0.432% | $2.3M | $5.4M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6320 | +0.039% | $11.9M | $4.9M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.6330 | +0.053% | $4.1M | $4.5M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6270 | −0.026% | $2.8M | $3.2M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6280 | −0.013% | — | $3.2M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6189 | −0.132% | $51K | $83K | — | as long as short |
dYdX ZEN-USD
Binance ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
KuCoin ZENUSDTM
Bitget ZENUSDT
BingX ZEN-USDT
Variational Omni ZENShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6372 | +0.107% | $572K | $1.9M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6250 | −0.052% | $26K | $688K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6250 | −0.052% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6239 | −0.066% | $24K | $127K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6350 | +0.079% | $845K | $1.6M | 75x | as long as short |
| Hyperliquid ZENshort | +0.0338% | 1h | 7.6508 | +0.286% | $2.5M | $1.3M | 5x | |
| Kraken Futures PF_ZENUSD | +0.3097% | 1h | 7.6547 | +0.337% | $501K | $1.0M | 25x | as long as short |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Kraken Futures PF_ZENUSD