Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.076%
Price spread now: Hyperliquid against Bybit+0.100%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1091.085% of the position
Funding, last 7 days−0.274%−$27 on $10k
+Price spread, last 7 days−0.035%−$3 · spread now +0.100%, 7d avg −0.010%
=Together, before fees−0.309%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.110% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZETAUSDT | 0.05987 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $5.3M | $77.5M | 25x |
| Short | Hyperliquid ZETA | 0.05993 | 0.0100 | get 0.0013% / 1h | 39m 02s | $1.7M | $3.7M | 3x |
Bybit ZETAUSDT
Hyperliquid ZETAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $0
- Price spread: +0.100% → −0.010%
- $11.03
- Slippage, 4 orders
- −$88.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$97.49
- Costs to cover
- 1.085%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Hyperliquid: live order book, 2 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 Bybit live order book, 5 min ago | 3.32 bp | 21.5 bp −$21 | 87.2 bp −$872 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 4.15 bp | 29.7 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
ZETA on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZETA_USDT | −0.0772% | 4h | 0.05994 | +0.117% | $598K | $9.4M | 25x | as long as short |
| KuCoin ZETAUSDTM | −0.0516% | 4h | 0.05989 | +0.033% | $1.1M | $5.1M | 20x | as long as short |
| Kraken Futures PF_ZETAUSD | −0.0428% | 1h | 0.06005 | +0.305% | $66K | $630K | 10x | as long as short |
| Binance ZETAUSDT | −0.0163% | 4h | 0.05974 | −0.210% | $8.2M | $300.7M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0150% | 4h | 0.05993 | +0.100% | $1.5M | $11.5M | 50x | as long as short |
| BloFin ZETA-USDT | −0.0146% | 4h | 0.05985 | −0.033% | $403K | $979K | 50x | as long as short |
| BingX ZETA-USDT | −0.0140% | 4h | 0.05983 | −0.067% | — | $6.7M | — | as long as short |
| OKX ZETA-USDT-SWAP | −0.0114% | 4h | 0.05990 | +0.050% | $1.1M | $45.8M | 20x | as long as short |
| Variational Omni ZETA | +0.0031% | 4h | 0.06016 | +0.485% | $142K | $695K | — | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +7.900% | $1K | $5K | 5.5x | as long as short |
Gate ZETA_USDT
KuCoin ZETAUSDTM
Kraken Futures PF_ZETAUSD
Binance ZETAUSDT
MEXC ZETA_USDT
BloFin ZETA-USDT
BingX ZETA-USDT
OKX ZETA-USDT-SWAP
Variational Omni ZETA
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETAshort | +0.0100% | 1h | 0.05993 | +0.100% | $1.7M | $3.7M | 3x | |
| Bybit ZETAUSDTlong | +0.0100% | 4h | 0.05987 | long leg | $5.3M | $77.5M | 25x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05998 | +0.184% | $2.1M | $57.2M | 50x | as long as short |
Bitget ZETAUSDT