Funding you earn now, next payment 22:00 UTC+0.0498%/8h= +54.5% APRpaid last 24h +0.004%
Price spread now: Hyperliquid against Bitget+0.179%7-day average +0.115% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.283%+$28 · spread now +0.179%, 7d avg +0.115%
=Together, before fees+0.285%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.063% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.115%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.1% 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 | Bitget ZORAUSDT | 0.008395 | 0.0100 | pay 0.0050% / 4h | 2h 54m | $733K | $214K | 25x |
| Short | Hyperliquid ZORA | 0.008410 | 0.0598 | get 0.0075% / 1h | 54m 59s | $1.6M | $321K | 3x |
Bitget ZORAUSDT
Hyperliquid ZORAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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
- $104.53
- Price spread: +0.179% → +0.115%
- $6.33
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $89.86
- Costs to cover
- 0.210%
- Break-even
- 1.0 days
Slippage unknown: Bitget: live order book, 30 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.
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 Bitget live order book, 30 min ago | 9.49 bp | 42.2 bp −$42 | 140.1 bp −$1,401 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.19 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
ZORA 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack ZORA_USDC_PERP | −0.0418% | 1h | 0.008392 | −0.036% | $36K | $118K | 10x | as long as short |
| dYdX ZORA-USD | 0.0000% | 1h | 0.008394 | −0.012% | $309 | $5 | 5x | as long as short |
| Variational Omni ZORA | +0.0005% | 4h | 0.008374 | −0.251% | $124K | $26K | — | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008386 | −0.107% | — | $6.6M | — | as long as short |
| Lighter ZORA | +0.0096% | 1h | 0.008378 | −0.203% | $22K | $11K | 3x | as long as short |
| Aster ZORAUSDT | +0.0100% | 4h | 0.008389 | −0.068% | $26K | $28K | 5x | as long as short |
| Binance ZORAUSDT | +0.0100% | 4h | 0.008393 | −0.018% | $2.5M | $4.0M | 50x | as long as short |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008373 | −0.262% | $2.2M | $1.6M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008373 | −0.262% | $762K | $965K | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008380 | −0.179% | $155K | $72K | 25x | as long as short |
Backpack ZORA_USDC_PERP
dYdX ZORA-USD
Variational Omni ZORA
BingX ZORA-USDT
Lighter ZORA
Aster ZORAUSDT
Binance ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZORA_USDT | +0.0100% | 4h | 0.008388 | −0.083% | $9.7M | $228K | 50x | as long as short |
| KuCoin ZORAUSDTM | +0.0100% | 4h | 0.008387 | −0.095% | $734K | $1.1M | 30x | as long as short |
| Bitget ZORAUSDTlong | +0.0100% | 4h | 0.008395 | long leg | $733K | $214K | 25x | |
| SunX ZORA-USDT | +0.0100% | 4h | 0.008570 | +2.085% | $1K | $1.2M | 20x | as long as short |
| Extended ZORA-USD | +0.0104% | 1h | 0.008383 | −0.148% | $6K | $169K | 5x | as long as short |
| GMX ZORA/USD [ETH-USDC] | L +0.0230% / S −0.0433% | 1h | 0.008394 | −0.012% | $1K | — | 100x | as long as short |
| Hyperliquid ZORAshort | +0.0598% | 1h | 0.008410 | +0.179% | $1.6M | $321K | 3x |
MEXC ZORA_USDT
KuCoin ZORAUSDTM
SunX ZORA-USDT
Extended ZORA-USD
GMX ZORA/USD [ETH-USDC]