Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.001%
Price spread now: Hyperliquid against BloFin+0.076%47s7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as 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−$690.687% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 3 days (all we have)−0.114%−$11 · spread now +0.076%, 7d avg +0.042%
=Together, before fees−0.118%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.034% dearer against BloFin than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.042%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.5 days. At the pace of the last 7 days (−0.005% in total) that is about 53 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZK-USDT | 0.01179 | 0.0125 | pay 0.0063% / 4h | 8m 30s | $214K | $24K | 75x |
| Short | Hyperliquid ZK | 0.01180 | 0.0100 | get 0.0013% / 1h | 8m 30s | $599K | $238K | 5x |
BloFin ZK-USDT
Hyperliquid ZKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- −$5.28
- Price spread: +0.076% → +0.042%
- $3.4
- Slippage, 4 orders
- −$47.67
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$70.55
- Costs to cover
- 0.687%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 62 min ago; Hyperliquid: live order book, 61 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 BloFin live order book, 62 min ago | 0.86 bp | 21.0 bp −$21 | 40.7 bp −$407 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 61 min ago | 1.28 bp | 15.3 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
ZK 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZK-USDT-SWAP | −0.0053% | 4h | 0.01178 | −0.144% | $988K | $2.4M | 20x | as long as short |
| Injective ZK/USDC PERP | +0.0033% | 1h | 0.01170 | −0.797% | $2K | $31K | 5.5x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01181 | +0.170% | $129K | $168K | 8x | as long as short |
| Hyperliquid ZKshort | +0.0100% | 1h | 0.01180 | +0.076% | $599K | $238K | 5x | |
| Aster ZKUSDT | +0.0100% | 4h | 0.01179 | +0.008% | $37K | $19K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01179 | +0.008% | $30K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01179 | −0.007% | $4.8M | $9.8M | 75x | as long as short |
| Bybit ZKUSDT | +0.0100% | 4h | 0.01178 | −0.102% | $5.0M | $2.7M | 25x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01178 | −0.119% | $321K | $246K | 50x | as long as short |
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01179 | −0.034% | $986K | $1.1M | 50x | as long as short |
OKX ZK-USDT-SWAP
Injective ZK/USDC PERP
Lighter ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Bybit ZKUSDT
Gate ZK_USDT
KuCoin ZKUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZKUSDT | +0.0100% | 4h | 0.01180 | +0.051% | $1.5M | $864K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01179 | −0.042% | — | $6.7M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01177 | −0.226% | $57K | $15K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01178 | −0.078% | $154K | $2.8M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01177 | −0.203% | $9K | $628K | 50x | as long as short |
| BloFin ZK-USDTlong | +0.0125% | 4h | 0.01179 | long leg | $214K | $24K | 75x | |
| Kraken Futures PF_ZKUSD | +0.1407% | 1h | 0.01182 | +0.250% | $195K | $44K | 25x | as long as short |
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
ApeX Omni ZKUSDT
Kraken Futures PF_ZKUSD