ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0126%/8h= −13.7% APRnext payment −$0.16 per $10,000 · paid last 24h −0.026%

Price spread now: Hyperliquid against GMX+0.154%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.154% dearer against GMX than usual: you sell high and buy low (spread +0.154% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ZORA/USD [ETH-USDC]	0.008416	L +0.0230% / S −0.0433%	pay 0.0029% / 1h	17m 26s	$1K	—	100x
Short	Hyperliquid ZORA	0.008429	0.0104	get 0.0013% / 1h	17m 26s	$1.6M	$317K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee HyperliquidbpOrdersPrice spread, now +0.154%Rate

Funding earned: −$26.36
Price spread: +0.154% → 0.000%: $15.45
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$31.92
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 3 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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	2.37 bp	24.8 bp −$25	doesn't fit	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
dYdX ZORA-USD	0.0000%	1h	0.008420	+0.053%	$310	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008413	−0.036%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008400	−0.190%	$22K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008416	+0.003%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008416	+0.002%	$2.5M	$3.9M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008402	−0.166%	$2.3M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008415	−0.012%	$766K	$974K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008410	−0.071%	$157K	$75K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008414	−0.024%	$9.8M	$226K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008411	−0.059%	$773K	$1.1M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008417	+0.012%	$732K	$206K	25x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008405	−0.125%	$125K	$26K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008590	+2.067%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008418	+0.019%	$6K	$169K	5x	as long as short
Hyperliquid ZORAshort	+0.0104%	1h	0.008429	+0.154%	$1.6M	$317K	3x
Backpack ZORA_USDC_PERP	+0.0118%	1h	0.008416	0.000%	$34K	$117K	10x	as long as short
GMX ZORA/USD [ETH-USDC]long	L +0.0230% / S −0.0433%	1h	0.008416	long leg	$1K	—	100x