Funding you earn now, next payment 02:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h +0.033%
Price spread now: Hyperliquid against ApeX Omni−0.537%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$600.603% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 3 days (all we have)+0.450%+$45 · spread now −0.537%, 7d avg +0.057%
=Together, before fees+0.542%+ Points / potential airdropHyperliquid: Season 2 · farm board+$54 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.594% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.537% now, against its 7-day average of +0.057%). If the spread goes back, that is −$59 on $10k: about 3 months of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ZROUSDT | 1.1730 | 0.0074 | pay 0.0009% / 1h | 55m 02s | $37K | $685K | 50x |
| Short | Hyperliquid ZRO | 1.1667 | 0.0100 | get 0.0013% / 1h | 55m 02s | $36.9M | $5.6M | 5x |
ApeX Omni ZROUSDT
Hyperliquid ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. 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
- $5.51
- Price spread: −0.537% → +0.057%
- −$59.37
- Slippage, 4 orders
- −$41.32
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$114.18
- Costs to cover
- 0.603%
- Break-even
- 152.0 days
Slippage from ApeX Omni: live order book, 13 min ago; Hyperliquid: live order book, 8 min ago.
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 ApeX Omni live order book, 13 min ago | 8.44 bp | 17.9 bp −$18 | 110.4 bp −$1,104 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.27 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
ZRO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0240% | 1h | 1.1643 | −0.743% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1658 | −0.612% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0008% | 4h | 1.1652 | −0.665% | $20K | $6K | 10x | as long as short |
| ApeX Omni ZROUSDTlong | +0.0074% | 1h | 1.1730 | long leg | $37K | $685K | 50x | |
| Lighter ZRO | +0.0096% | 1h | 1.1669 | −0.518% | $4.3M | $1.2M | 5x | as long as short |
| Hyperliquid ZROshort | +0.0100% | 1h | 1.1667 | −0.537% | $36.9M | $5.6M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1661 | −0.587% | $156K | $148K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1669 | −0.520% | $135K | $169K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1651 | −0.673% | $21.9M | $30.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1642 | −0.750% | $17.8M | $14.1M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1659 | −0.605% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1650 | −0.682% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1648 | −0.699% | $18.9M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1651 | −0.673% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1655 | −0.639% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1654 | −0.648% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1658 | −0.614% | $99K | $211K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1637 | −0.795% | $2.3M | $842K | — | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1656 | −0.631% | $91K | $843K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1644 | −0.734% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0131% | 4h | 1.1671 | −0.503% | $1.1M | $251K | 75x | as long as short |
| Nado ZRO-PERP | +0.0266% | 1h | 1.1648 | −0.697% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1651 | −0.671% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0373% | 1h | 1.1664 | −0.562% | $250K | $407K | 25x | as long as short |
| Extended ZRO-USD | +0.1064% | 1h | 1.1648 | −0.703% | $780K | $593K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1690 | −0.341% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP