Funding you earn now, next payment 04:00 UTC−0.0238%/8h= −26.0% APRpaid last 24h −0.044%
Price spread now: Aster against Hyperliquid−0.185%7-day average −0.098% · 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−$351as 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)+0.339%+$34 · spread now −0.185%, 7d avg −0.098%
=Together, before fees+0.268%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 0.087% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.098%). Swap the legs.
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 | Hyperliquid ZEN | 7.6508 | 0.0338 | pay 0.0042% / 1h | 58m 22s | $2.5M | $1.3M | 5x |
| Short | Aster ZENUSDT | 7.6366 | 0.0100 | get 0.0100% / 8h | 4h 58m | $53K | $374K | 10x |
Hyperliquid ZEN
Aster ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$49.93
- Price spread: −0.185% → −0.098%
- −$8.67
- Slippage, 4 orders
- −$325.3
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$400.9
- Costs to cover
- 3.423%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Aster: live order book, 64 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, 3 min ago | 1.63 bp | 17.9 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 64 min ago | 8.38 bp | 287.9 bp −$288 | 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 | −0.175% | $9K | — | 5x | as long as short |
| Aster ZENUSDTshort | +0.0100% | 8h | 7.6366 | −0.185% | $53K | $374K | 10x | |
| Binance ZENUSDT | +0.0100% | 8h | 7.6364 | −0.188% | $11.2M | $29.9M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6290 | −0.285% | $4.5M | $5.8M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.6320 | −0.246% | $2.3M | $5.4M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6320 | −0.246% | $11.9M | $4.9M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.6330 | −0.233% | $4.1M | $4.5M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6280 | −0.298% | $2.8M | $3.2M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6280 | −0.298% | — | $3.2M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6189 | −0.416% | $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 | −0.178% | $572K | $1.9M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6250 | −0.337% | $26K | $688K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6360 | −0.193% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6380 | −0.167% | $24K | $127K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6350 | −0.207% | $845K | $1.6M | 75x | as long as short |
| Hyperliquid ZENlong | +0.0338% | 1h | 7.6508 | long leg | $2.5M | $1.3M | 5x | |
| Kraken Futures PF_ZENUSD | +0.3093% | 1h | 7.6633 | +0.164% | $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