Funding you earn now, next payment 04:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h −0.014%
Price spread now: SunX against Hyperliquid+1.832%7-day average +2.023% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.569%+$57 · spread now +1.832%, 7d avg +2.023%
=Together, before fees+0.581%+ Points / potential airdropHyperliquid: Season 2 · farm board+$58 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SunX is 0.191% cheaper against Hyperliquid than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +2.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% 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 | 0.008514 | 0.0404 | pay 0.0051% / 1h | 30m 04s | $1.6M | $322K | 3x |
| Short | SunX ZORA-USDT | 0.008670 | 0.0100 | get 0.0050% / 4h | 30m 04s | $2K | $1.3M | 20x |
Hyperliquid ZORA
SunX ZORA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$63.85
- Price spread: +1.832% → +2.023%
- −$19.11
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$99.97
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; SunX: live order book, 4 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, 11 min ago | 1.77 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 4 min ago | 248.70 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZORA-USD | 0.0000% | 1h | 0.008464 | −0.588% | $311 | $5 | 5x | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008482 | −0.376% | — | $6.6M | — | as long as short |
| Lighter ZORA | +0.0096% | 1h | 0.008479 | −0.411% | $22K | $14K | 3x | as long as short |
| Aster ZORAUSDT | +0.0100% | 4h | 0.008484 | −0.357% | $26K | $12K | 5x | as long as short |
| Binance ZORAUSDT | +0.0100% | 4h | 0.008490 | −0.281% | $2.5M | $4.1M | 50x | as long as short |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008481 | −0.388% | $2.3M | $1.7M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008484 | −0.352% | $769K | $966K | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008480 | −0.399% | $157K | $81K | 25x | as long as short |
| MEXC ZORA_USDT | +0.0100% | 4h | 0.008491 | −0.270% | $9.9M | $226K | 50x | as long as short |
| KuCoin ZORAUSDTM | +0.0100% | 4h | 0.008482 | −0.376% | $751K | $1.4M | 30x | as long as short |
dYdX ZORA-USD
BingX ZORA-USDT
Lighter ZORA
Aster ZORAUSDT
Binance ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDT
MEXC ZORA_USDT
KuCoin ZORAUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZORAUSDT | +0.0100% | 4h | 0.008498 | −0.188% | $733K | $219K | 25x | as long as short |
| Backpack ZORA_USDC_PERP | +0.0100% | 1h | 0.008496 | −0.211% | $37K | $112K | 10x | as long as short |
| Variational Omni ZORA | +0.0100% | 4h | 0.008462 | −0.616% | $126K | $25K | — | as long as short |
| SunX ZORA-USDTshort | +0.0100% | 4h | 0.008670 | +1.832% | $2K | $1.3M | 20x | |
| Extended ZORA-USD | +0.0104% | 1h | 0.008494 | −0.237% | $8K | $168K | 5x | as long as short |
| GMX ZORA/USD [ETH-USDC] | L +0.0231% / S −0.0433% | 1h | 0.008478 | −0.423% | $1K | — | 100x | as long as short |
| Hyperliquid ZORAlong | +0.0404% | 1h | 0.008514 | long leg | $1.6M | $322K | 3x |
Bitget ZORAUSDT
Backpack ZORA_USDC_PERP
Variational Omni ZORA
Extended ZORA-USD
GMX ZORA/USD [ETH-USDC]