ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h +0.055%

Price spread now: Hyperliquid against dYdX+0.161%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Hyperliquid is 0.161% dearer against dYdX than usual: you sell high and buy low (spread +0.161% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZRO-USD	1.1744	0.0138	pay 0.0017% / 1h	43m 05s	$21K	$3K	5x
Short	Hyperliquid ZRO	1.1763	0.0100	get 0.0013% / 1h	43m 05s	$37.3M	$5.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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 dYdXbpFee HyperliquidbpOrdersPrice spread, now +0.161%Rate

Funding earned: −$7.93
Price spread: +0.161% → 0.000%: $16.08
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$10.85
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 10 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 dYdX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 10 min ago	1.27 bp	12.5 bp −$13	doesn't fit	doesn't fit	doesn't fit

dYdX: 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.

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	−0.0144%	1h	1.1758	+0.121%	$7K	$3K	5x	as long as short
Gate ZRO_USDT	−0.0114%	4h	1.1740	−0.035%	$1.3M	$1.5M	75x	as long as short
Orderly PERP_ZRO_USDC	+0.0012%	4h	1.1761	+0.144%	$21K	$6K	10x	as long as short
BloFin ZRO-USDT	+0.0070%	4h	1.1752	+0.067%	$1.1M	$256K	75x	as long as short
Lighter ZRO	+0.0096%	1h	1.1767	+0.198%	$4.4M	$1.5M	5x	as long as short
Hyperliquid ZROshort	+0.0100%	1h	1.1763	+0.161%	$37.3M	$5.9M	5x
Aster ZROUSDT	+0.0100%	4h	1.1766	+0.184%	$157K	$149K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1745	+0.006%	$136K	$171K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1761	+0.140%	$22.1M	$30.4M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1748	+0.033%	$18.0M	$14.2M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1759	+0.127%	$3.2M	$8.1M	20x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1763	+0.161%	$19.1M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1746	+0.016%	$2.4M	$1.9M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1751	+0.059%	$2.7M	$2.4M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1756	+0.101%	—	$14.7M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1735	−0.080%	$2.3M	$869K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1740	−0.035%	$37K	$688K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1766	+0.186%	$91K	$830K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1759	+0.123%	$21K	—	3x	as long as short
dYdX ZRO-USDlong	+0.0138%	1h	1.1744	long leg	$21K	$3K	5x
Nado ZRO-PERP	+0.0248%	1h	1.1753	+0.073%	$1.3M	$129K	5x	as long as short
Backpack ZRO_USDC_PERP	+0.0256%	1h	1.1765	+0.178%	$99K	$206K	20x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0291% / S −0.2341%	1h	1.1764	+0.169%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0302%	1h	1.1772	+0.241%	$252K	$411K	25x	as long as short
Injective ZRO/USDC PERP	+0.1190%	1h	1.1780	+0.306%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.1416%	1h	1.1759	+0.126%	$780K	$589K	10x	as long as short