Funding you earn now, next payment 23:00 UTC−0.0697%/8h= −76.4% APRpaid last 24h −0.032%
Price spread now: BloFin against Hyperliquid−0.150%87s7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1011.008% of the position
Funding, last 7 days+0.326%+$33 on $10k
+Price spread, last 3 days (all we have)+0.462%+$46 · spread now −0.150%, 7d avg −0.029%
=Together, before fees+0.788%+ Points / potential airdropHyperliquid: Season 2 · farm board+$79 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and BloFin is 0.121% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.029%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.326%, so the current rate has only just turned against you. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.326% 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 | 0.06004 | 0.0051 | pay 0.0006% / 1h | 43m 35s | $1.7M | $3.7M | 3x |
| Short | BloFin ZETA-USDT | 0.05995 | −0.0647 | pay 0.0323% / 4h | 1h 43m | $404K | $1.0M | 50x |
Hyperliquid ZETA
BloFin ZETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$146.46
- Price spread: −0.150% → −0.029%
- −$12.09
- Slippage, 4 orders
- −$79.79
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$259.34
- Costs to cover
- 1.008%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; BloFin: live order book, 4 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, 8 min ago | 4.13 bp | 35.1 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 8.30 bp | 20.2 bp −$20 | 47.8 bp −$478 | 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 | −0.1016% | 4h | 0.06017 | +0.217% | $604K | $9.5M | 25x | as long as short |
| BloFin ZETA-USDTshort | −0.0647% | 4h | 0.05995 | −0.150% | $404K | $1.0M | 50x | |
| Binance ZETAUSDT | −0.0618% | 4h | 0.06019 | +0.250% | $8.4M | $304.8M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0602% | 4h | 0.06013 | +0.150% | $1.5M | $11.6M | 50x | as long as short |
| BingX ZETA-USDT | −0.0570% | 4h | 0.06008 | +0.067% | — | $6.7M | — | as long as short |
| KuCoin ZETAUSDTM | −0.0568% | 4h | 0.05992 | −0.200% | $1.1M | $5.1M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0478% | 4h | 0.06005 | +0.017% | $1.1M | $46.3M | 20x | as long as short |
| Variational Omni ZETA | −0.0284% | 4h | 0.06018 | +0.240% | $138K | $705K | — | as long as short |
| Kraken Futures PF_ZETAUSD | −0.0266% | 1h | 0.06002 | −0.034% | $66K | $632K | 10x | as long as short |
| Bybit ZETAUSDT | −0.0089% | 4h | 0.06011 | +0.117% | $5.3M | $78.5M | 25x | as long as short |
Gate ZETA_USDT
Binance ZETAUSDT
MEXC ZETA_USDT
BingX ZETA-USDT
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Variational Omni ZETA
Kraken Futures PF_ZETAUSD
Bybit ZETAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +7.595% | $1K | $5K | 5.5x | as long as short |
| Hyperliquid ZETAlong | +0.0051% | 1h | 0.06004 | long leg | $1.7M | $3.7M | 3x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06015 | +0.183% | $2.2M | $58.0M | 50x | as long as short |
Injective ZETA/USDC PERP
Bitget ZETAUSDT