ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h +0.085%

Price spread now: GMX against Hyperliquid−0.227%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

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

Funding pays, the price is against you. GMX is 0.227% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.227% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 19 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ZORA	0.008388	0.0394	pay 0.0049% / 1h	39m 34s	$1.6M	$318K	3x
Short	GMX ZORA/USD [ETH-USDC]	0.008369	L +0.0230% / S −0.0433%	get 0.0054% / 1h	39m 34s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.227%Rate

Funding earned: $8.33
Price spread: −0.227% → 0.000%: −$22.65
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$35.33
Costs to cover: 0.210%
Break-even: 36.7 days

Slippage unknown: Hyperliquid: live order book, 1 min ago; GMX: no order-book sample. 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, 1 min ago	1.19 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	0.008366	−0.262%	$308	$5	5x	as long as short
Variational Omni ZORA	+0.0002%	4h	0.008359	−0.351%	$124K	$26K	—	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008365	−0.274%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008354	−0.405%	$22K	$11K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008369	−0.223%	$26K	$28K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008368	−0.238%	$2.5M	$4.0M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008356	−0.381%	$2.2M	$1.6M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008365	−0.274%	$760K	$964K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008360	−0.334%	$154K	$73K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008368	−0.238%	$9.7M	$228K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZORAUSDTM	+0.0100%	4h	0.008369	−0.227%	$736K	$1.1M	30x	as long as short
Bitget ZORAUSDT	+0.0100%	4h	0.008368	−0.238%	$730K	$207K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008371	−0.203%	$33K	$119K	10x	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008550	+1.931%	$1K	$1.2M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008368	−0.238%	$6K	$169K	5x	as long as short
GMX ZORA/USD [ETH-USDC]short	L +0.0230% / S −0.0433%	1h	0.008369	−0.227%	$1K	—	100x
Hyperliquid ZORAlong	+0.0394%	1h	0.008388	long leg	$1.6M	$318K	3x