Funding you earn now, next payment 01:00 UTC+0.0755%/8h= +82.7% APRpaid last 24h −0.010%
Price spread now: Bitget against Hyperliquid−0.207%7-day average +0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$990.986% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 4 days (all we have)+0.525%+$52 · spread now −0.207%, 7d avg +0.096%
=Together, before fees+0.851%+ Points / potential airdropHyperliquid: Season 2 · farm board+$85 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.303% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.207% now, against its 7-day average of +0.096%). If the spread goes back, that is −$30 on $10k: about 32 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.327% in total) that is about 6.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.327% in total (about 17.0% 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 ZETA | 0.05798 | −0.0655 | get 0.0082% / 1h | 44m 23s | $1.6M | $3.9M | 3x |
| Short | Bitget ZETAUSDT | 0.05786 | 0.0100 | get 0.0050% / 4h | 3h 44m | $2.1M | $61.9M | 50x |
Hyperliquid ZETA
Bitget ZETAUSDTFunding 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
- $158.61
- Price spread: −0.207% → +0.096%
- −$30.28
- Slippage, 4 orders
- −$77.56
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $29.78
- Costs to cover
- 0.986%
- Break-even
- 5.7 days
Slippage from Hyperliquid: live order book, 7 min ago; Bitget: live order book, 5 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, 7 min ago | 4.47 bp | 27.4 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.78 bp | 19.8 bp −$20 | 91.3 bp −$913 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZETAUSD | −0.2833% | 1h | 0.05749 | −0.853% | $48K | $698K | 10x | as long as short |
| Binance ZETAUSDT | −0.1741% | 4h | 0.05792 | −0.103% | $7.7M | $323.8M | 50x | as long as short |
| MEXC ZETA_USDT | −0.1706% | 4h | 0.05791 | −0.121% | $1.2M | $12.0M | 50x | as long as short |
| BloFin ZETA-USDT | −0.1695% | 4h | 0.05780 | −0.310% | $354K | $1.1M | 50x | as long as short |
| BingX ZETA-USDT | −0.1616% | 4h | 0.05800 | +0.034% | — | $7.1M | — | as long as short |
| OKX ZETA-USDT-SWAP | −0.1472% | 4h | 0.05783 | −0.259% | $1.0M | $48.3M | 20x | as long as short |
| KuCoin ZETAUSDTM | −0.1460% | 4h | 0.05798 | 0.000% | $1.1M | $5.4M | 20x | as long as short |
| Variational Omni ZETA | −0.1266% | 4h | 0.05756 | −0.723% | $110K | $736K | — | as long as short |
| Gate ZETA_USDT | −0.1190% | 4h | 0.05797 | −0.017% | $569K | $10.0M | 25x | as long as short |
| Hyperliquid ZETAlong | −0.0655% | 1h | 0.05798 | long leg | $1.6M | $3.9M | 3x |
Kraken Futures PF_ZETAUSD
Binance ZETAUSDT
MEXC ZETA_USDT
BloFin ZETA-USDT
BingX ZETA-USDT
OKX ZETA-USDT-SWAP
KuCoin ZETAUSDTM
Variational Omni ZETA
Gate ZETA_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZETAUSDT | −0.0461% | 4h | 0.05791 | −0.121% | $5.1M | $83.6M | 25x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +11.418% | $1K | $5K | 5.5x | as long as short |
| Bitget ZETAUSDTshort | +0.0100% | 4h | 0.05786 | −0.207% | $2.1M | $61.9M | 50x |
Bybit ZETAUSDT
Injective ZETA/USDC PERP