Funding you earn now, next payment 22:00 UTC−0.0260%/8h= −28.4% APRpaid last 24h −0.004%
Price spread now: Binance against Hyperliquid−0.172%7-day average −0.076% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 7 days+0.178%+$18 · spread now −0.172%, 7d avg −0.076%
=Together, before fees+0.126%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.095% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.076%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% 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 ZORA | 0.008406 | 0.0360 | pay 0.0045% / 1h | 16m 51s | $1.6M | $318K | 3x |
| Short | Binance ZORAUSDT | 0.008392 | 0.0100 | get 0.0050% / 4h | 2h 16m | $2.5M | $4.0M | 50x |
Hyperliquid ZORA
Binance ZORAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$54.55
- Price spread: −0.172% → −0.076%
- −$9.54
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$83.1
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Binance: live order book, 5 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 Hyperliquid live order book, 4 min ago | 1.19 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.60 bp | 24.3 bp −$24 | 94.4 bp −$944 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZORA-USD | 0.0000% | 1h | 0.008396 | −0.121% | $309 | $5 | 5x | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008389 | −0.202% | — | $6.6M | — | as long as short |
| Lighter ZORA | +0.0096% | 1h | 0.008378 | −0.333% | $22K | $11K | 3x | as long as short |
| Variational Omni ZORA | +0.0100% | 4h | 0.008388 | −0.214% | $125K | $26K | — | as long as short |
| Aster ZORAUSDT | +0.0100% | 4h | 0.008397 | −0.104% | $26K | $28K | 5x | as long as short |
| Binance ZORAUSDTshort | +0.0100% | 4h | 0.008392 | −0.172% | $2.5M | $4.0M | 50x | |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008379 | −0.321% | $2.3M | $1.6M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008385 | −0.250% | $764K | $969K | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008390 | −0.190% | $154K | $73K | 25x | as long as short |
| MEXC ZORA_USDT | +0.0100% | 4h | 0.008392 | −0.167% | $9.8M | $230K | 50x | as long as short |
dYdX ZORA-USD
BingX ZORA-USDT
Lighter ZORA
Variational Omni ZORA
Aster ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDT
MEXC ZORA_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZORAUSDTM | +0.0100% | 4h | 0.008400 | −0.071% | $735K | $1.1M | 30x | as long as short |
| Bitget ZORAUSDT | +0.0100% | 4h | 0.008396 | −0.119% | $733K | $207K | 25x | as long as short |
| Backpack ZORA_USDC_PERP | +0.0100% | 1h | 0.008394 | −0.143% | $33K | $119K | 10x | as long as short |
| SunX ZORA-USDT | +0.0100% | 4h | 0.008570 | +1.951% | $2K | $1.2M | 20x | as long as short |
| Extended ZORA-USD | +0.0104% | 1h | 0.008395 | −0.135% | $6K | $169K | 5x | as long as short |
| GMX ZORA/USD [ETH-USDC] | L +0.0230% / S −0.0433% | 1h | 0.008392 | −0.167% | $1K | — | 100x | as long as short |
| Hyperliquid ZORAlong | +0.0360% | 1h | 0.008406 | long leg | $1.6M | $318K | 3x |
KuCoin ZORAUSDTM
Bitget ZORAUSDT
Backpack ZORA_USDC_PERP
SunX ZORA-USDT
Extended ZORA-USD
GMX ZORA/USD [ETH-USDC]