Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%
Price spread now: Hyperliquid against Binance+0.175%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$530.527% of the position
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 7 days−0.085%−$8 · spread now +0.175%, 7d avg +0.089%
=Together, before fees+0.035%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.086% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.089%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZROUSDT | 1.1695 | 0.0100 | pay 0.0050% / 4h | 1h 45m | $21.9M | $29.6M | 75x |
| Short | Hyperliquid ZRO | 1.1715 | 0.0100 | get 0.0013% / 1h | 45m 13s | $37.1M | $5.4M | 5x |
Binance ZROUSDT
Hyperliquid ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $0
- Price spread: +0.175% → +0.089%
- $8.58
- Slippage, 4 orders
- −$33.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$44.15
- Costs to cover
- 0.527%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 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 Binance live order book, 11 min ago | 1.28 bp | 12.8 bp −$13 | 35.5 bp −$355 | 342.9 bp −$34.3K | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.28 bp | 14.7 bp −$15 | 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 | −0.0560% | 1h | 1.1686 | −0.074% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDT | −0.0067% | 4h | 1.1686 | −0.073% | $17.8M | $13.9M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1681 | −0.117% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0035% | 4h | 1.1693 | −0.013% | $20K | $5K | 10x | as long as short |
| Gate ZRO_USDT | +0.0042% | 4h | 1.1700 | +0.047% | $1.3M | $1.5M | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1714 | +0.167% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZROshort | +0.0100% | 1h | 1.1715 | +0.175% | $37.1M | $5.4M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1700 | +0.047% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1682 | −0.103% | $136K | $170K | 5x | as long as short |
| Binance ZROUSDTlong | +0.0100% | 4h | 1.1695 | long leg | $21.9M | $29.6M | 75x |
01 Exchange ZROUSD
Bybit ZROUSDT
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Gate ZRO_USDT
Lighter ZRO
Aster ZROUSDT
Pacifica ZROShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1695 | +0.004% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1694 | −0.004% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1690 | −0.039% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1772 | +0.663% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1781 | +0.740% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1707 | +0.107% | $98K | $206K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1661 | −0.287% | $2.3M | $813K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1660 | −0.295% | $39K | $675K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1706 | +0.098% | $93K | $836K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1691 | −0.027% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0105% | 4h | 1.1694 | −0.004% | $1.1M | $248K | 75x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1710 | +0.135% | $258K | $405K | 25x | as long as short |
| Nado ZRO-PERP | +0.0209% | 1h | 1.1693 | −0.011% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1699 | +0.038% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0592% | 1h | 1.1690 | −0.036% | $781K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1720 | +0.218% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP