Funding you earn now, next payment 00:00 UTC−0.0313%/8h= −34.3% APRpaid last 24h −0.025%
Price spread now: BingX against Hyperliquid−0.247%7-day average −0.072% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 7 days+0.179%+$18 · spread now −0.247%, 7d avg −0.072%
=Together, before fees+0.155%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BingX is 0.174% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.2% 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 | 7.7872 | 0.0413 | pay 0.0052% / 1h | 16m 10s | $2.5M | $1.8M | 5x |
| Short | BingX ZEN-USDT | 7.7680 | 0.0100 | get 0.0100% / 8h | 16m 10s | — | $3.4M | — |
Hyperliquid ZEN
BingX ZEN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$65.69
- Price spread: −0.247% → −0.072%
- −$17.45
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$102.14
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; BingX: live order book, 4 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, 5 min ago | 1.60 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 2.57 bp | 16.2 bp −$16 | 35.8 bp −$358 | 200.0 bp −$20.0K | 472.2 bp −$236.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | −0.0041% | 8h | 7.7709 | −0.210% | $52K | $85K | — | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7809 | −0.081% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0016% | 4h | 7.7640 | −0.298% | $2.3M | $5.8M | 50x | as long as short |
| KuCoin ZENUSDTM | +0.0033% | 8h | 7.7730 | −0.182% | $4.4M | $4.9M | 50x | as long as short |
| Bybit ZENUSDT | +0.0045% | 8h | 7.7710 | −0.208% | $4.6M | $6.2M | 75x | as long as short |
| Extended ZEN-USD | +0.0072% | 1h | 7.7725 | −0.189% | $25K | $118K | 5x | as long as short |
| Binance ZENUSDT | +0.0072% | 8h | 7.7705 | −0.215% | $11.2M | $31.5M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0073% | 8h | 7.7720 | −0.195% | $12.6M | $5.5M | 200x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7769 | −0.133% | $53K | $375K | 10x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7710 | −0.208% | $2.9M | $3.5M | 50x | as long as short |
Variational Omni ZEN
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
Bybit ZENUSDT
Extended ZEN-USD
Binance ZENUSDT
MEXC ZEN_USDT
Aster ZENUSDT
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEN-USDTshort | +0.0100% | 8h | 7.7680 | −0.247% | — | $3.4M | — | |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7820 | −0.067% | $581K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7810 | −0.080% | $27K | $686K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7740 | −0.170% | $1K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0194% | 8h | 7.7730 | −0.182% | $848K | $1.8M | 75x | as long as short |
| Hyperliquid ZENlong | +0.0413% | 1h | 7.7872 | long leg | $2.5M | $1.8M | 5x | |
| Kraken Futures PF_ZENUSD | +0.2644% | 1h | 7.7965 | +0.120% | $510K | $1.0M | 25x | as long as short |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Kraken Futures PF_ZENUSD