Funding you earn now, next payment 04:00 UTC−0.0229%/8h= −25.0% APRpaid last 24h −0.039%
Price spread now: Bitget against Hyperliquid−0.173%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$740.739% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days+0.115%+$11 · spread now −0.173%, 7d avg −0.084%
=Together, before fees+0.069%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 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 Bitget is 0.089% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.084%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% 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 | 7.6492 | 0.0329 | pay 0.0041% / 1h | 6m 30s | $2.5M | $1.3M | 5x |
| Short | Bitget ZENUSDT | 7.6360 | 0.0100 | get 0.0100% / 8h | 4h 06m | $2.8M | $3.2M | 50x |
Hyperliquid ZEN
Bitget ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$48.01
- Price spread: −0.173% → −0.084%
- −$8.86
- Slippage, 4 orders
- −$52.9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$130.78
- Costs to cover
- 0.739%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Bitget: live order book, 1 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, 4 min ago | 1.89 bp | 21.7 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 3.28 bp | 21.5 bp −$21 | 35.4 bp −$354 | 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 | 7.6483 | −0.012% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0072% | 4h | 7.6270 | −0.290% | $2.2M | $5.3M | 50x | as long as short |
| KuCoin ZENUSDTM | +0.0080% | 8h | 7.6350 | −0.186% | $4.1M | $4.3M | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6498 | +0.007% | $53K | $376K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6280 | −0.277% | $11.0M | $30.2M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6290 | −0.264% | $4.4M | $5.9M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6300 | −0.251% | $11.6M | $5.1M | 200x | as long as short |
| Bitget ZENUSDTshort | +0.0100% | 8h | 7.6360 | −0.173% | $2.8M | $3.2M | 50x | |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6320 | −0.225% | — | $3.1M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6691 | +0.260% | $55K | $89K | — | as long as short |
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
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 | 7.6619 | +0.166% | $572K | $2.1M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6670 | +0.233% | $27K | $683K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6430 | −0.081% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6289 | −0.266% | $22K | $144K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6320 | −0.225% | $826K | $1.5M | 75x | as long as short |
| Hyperliquid ZENlong | +0.0329% | 1h | 7.6492 | long leg | $2.5M | $1.3M | 5x | |
| Kraken Futures PF_ZENUSD | +0.3095% | 1h | 7.6601 | +0.142% | $496K | $999K | 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