Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%
Price spread now: Binance against Hyperliquid−0.314%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$510.506% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 7 days+0.235%+$24 · spread now −0.314%, 7d avg −0.088%
=Together, before fees+0.117%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 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: Binance is 0.226% cheaper against Hyperliquid than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZRO | 1.1861 | 0.0100 | pay 0.0013% / 1h | 29m 29s | $37.7M | $7.8M | 5x |
| Short | Binance ZROUSDT | 1.1824 | 0.0100 | get 0.0050% / 4h | 3h 29m | $22.4M | $35.6M | 75x |
Hyperliquid ZRO
Binance ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: −0.314% → −0.088%
- −$22.59
- Slippage, 4 orders
- −$31.58
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$73.17
- Costs to cover
- 0.506%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Binance: live order book, 3 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 Hyperliquid live order book, 4 min ago | 0.85 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.27 bp | 13.6 bp −$14 | 29.6 bp −$296 | 249.9 bp −$25.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | −0.0175% | 4h | 1.1809 | −0.442% | $3.3M | $9.5M | 20x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0083% | 1h | 1.1862 | +0.008% | $248K | $579K | 25x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0031% | 4h | 1.1856 | −0.046% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0032% | 1h | 1.1853 | −0.071% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0050% | 4h | 1.1837 | −0.206% | $1.1M | $267K | 75x | as long as short |
| Hyperliquid ZROlong | +0.0100% | 1h | 1.1861 | long leg | $37.7M | $7.8M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1860 | −0.009% | $159K | $165K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1842 | −0.164% | $144K | $209K | 5x | as long as short |
| Binance ZROUSDTshort | +0.0100% | 4h | 1.1824 | −0.314% | $22.4M | $35.6M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1808 | −0.450% | $18.1M | $16.8M | 50x | as long as short |
OKX ZRO-USDT-SWAP
Kraken Futures PF_ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
BloFin ZRO-USDT
Aster ZROUSDT
Pacifica ZRO
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1830 | −0.265% | $1.3M | $2.1M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1831 | −0.256% | $18.3M | $3.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1842 | −0.164% | $2.5M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1836 | −0.214% | $2.7M | $2.7M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1830 | −0.265% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1857 | −0.037% | $91K | $211K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1834 | −0.232% | $2.3M | $892K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1800 | −0.518% | $37K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1862 | +0.005% | $83K | $1.0M | 5x | as long as short |
| Extended ZRO-USD | +0.0104% | 1h | 1.1827 | −0.288% | $784K | $561K | 10x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1880 | +0.153% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0168% | 1h | 1.1821 | −0.341% | $7K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0232% | 1h | 1.1801 | −0.508% | $1.3M | $134K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1854 | −0.060% | $3K | — | 100x | as long as short |
| Lighter ZRO | +0.0920% | 1h | 1.1860 | −0.011% | $4.8M | $1.1M | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1022% | 1h | 1.1890 | +0.241% | $12K | $121K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Extended ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Lighter ZRO
Injective ZRO/USDC PERP