Funding you earn now, next payment 04:00 UTC−0.1042%/8h= −114.1% APRpaid last 24h −0.146%
Price spread now: OKX against Hyperliquid−0.083%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1241.241% of the position
Funding, last 7 days+0.174%+$17 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now −0.083%, 7d avg +0.022%
=Together, before fees+0.205%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and OKX is 0.105% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.022%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.174%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.174% in total (about 9.1% 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 | 0.06038 | 0.0100 | pay 0.0013% / 1h | 0m 50s | $1.7M | $4.0M | 3x |
| Short | OKX ZETA-USDT-SWAP | 0.06033 | −0.0942 | pay 0.0471% / 4h | 0m 50s | $1.3M | $57.4M | 20x |
Hyperliquid ZETA
OKX ZETA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$218.82
- Price spread: −0.083% → +0.022%
- −$10.48
- Slippage, 4 orders
- −$105.14
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$353.44
- Costs to cover
- 1.241%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; OKX: live order book, 3 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, 11 min ago | 6.56 bp | 28.3 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.82 bp | 38.5 bp −$39 | 133.6 bp −$1,336 | 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 | −0.2326% | 1h | 0.06031 | −0.109% | $50K | $731K | 10x | as long as short |
| KuCoin ZETAUSDTM | −0.1044% | 4h | 0.06049 | +0.182% | $1.3M | $5.9M | 20x | as long as short |
| Variational Omni ZETA | −0.0954% | 4h | 0.06045 | +0.123% | $118K | $773K | — | as long as short |
| OKX ZETA-USDT-SWAPshort | −0.0942% | 4h | 0.06033 | −0.083% | $1.3M | $57.4M | 20x | |
| Gate ZETA_USDT | −0.0896% | 4h | 0.06049 | +0.182% | $634K | $11.3M | 25x | as long as short |
| MEXC ZETA_USDT | −0.0714% | 4h | 0.06035 | −0.050% | $1.3M | $13.0M | 50x | as long as short |
| Binance ZETAUSDT | −0.0696% | 4h | 0.06040 | +0.033% | $8.4M | $374.8M | 50x | as long as short |
| BloFin ZETA-USDT | −0.0678% | 4h | 0.06029 | −0.149% | $411K | $1.4M | 50x | as long as short |
| Bybit ZETAUSDT | −0.0573% | 4h | 0.06033 | −0.083% | $5.2M | $96.5M | 25x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +6.989% | $1K | $3K | 5.5x | as long as short |
Kraken Futures PF_ZETAUSD
KuCoin ZETAUSDTM
Variational Omni ZETA
Gate ZETA_USDT
MEXC ZETA_USDT
Binance ZETAUSDT
BloFin ZETA-USDT
Bybit ZETAUSDT
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETAlong | +0.0100% | 1h | 0.06038 | long leg | $1.7M | $4.0M | 3x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06034 | −0.066% | $2.4M | $73.2M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.06040 | +0.033% | — | $8.1M | — | as long as short |
Bitget ZETAUSDT
BingX ZETA-USDT