Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%
Price spread now: BingX against Hyperliquid−0.161%7-day average −0.090% · 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−$49as in the Price arb table
costs, in and out, $10k−$420.417% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now −0.161%, 7d avg −0.090%
=Together, before fees+0.005%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 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: BingX is 0.071% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.090%.
| 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 | 1m 26s | $37.7M | $6.2M | 5x |
| Short | BingX ZRO-USDT | 1.1842 | 0.0100 | get 0.0050% / 4h | 1h 01m | — | $10.7M | — |
Hyperliquid ZRO
BingX ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.161% → −0.090%
- −$7.11
- Slippage, 4 orders
- −$22.72
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$48.83
- Costs to cover
- 0.417%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; BingX: live order book, 2 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, 12 min ago | 0.84 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 2.53 bp | 8.3 bp −$8 | 13.8 bp −$138 | 24.7 bp −$2,470 | 47.2 bp −$23.6K |
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 | −0.0408% | 1h | 1.1845 | −0.133% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0020% | 4h | 1.1844 | −0.144% | $21K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1857 | −0.035% | $254K | $434K | 25x | as long as short |
| BloFin ZRO-USDT | +0.0062% | 4h | 1.1858 | −0.026% | $1.1M | $264K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1848 | −0.108% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZROlong | +0.0100% | 1h | 1.1861 | long leg | $37.7M | $6.2M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1855 | −0.051% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1848 | −0.110% | $137K | $181K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1842 | −0.159% | $22.2M | $31.5M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1840 | −0.178% | $18.1M | $14.8M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Kraken Futures PF_ZROUSD
BloFin ZRO-USDT
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 | 1.1846 | −0.127% | $3.2M | $8.4M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | −0.178% | $1.4M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1843 | −0.153% | $19.2M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1837 | −0.203% | $2.5M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1851 | −0.085% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDTshort | +0.0100% | 4h | 1.1842 | −0.161% | — | $10.7M | — | |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1852 | −0.077% | $101K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1810 | −0.432% | $2.3M | $850K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | −0.094% | $37K | $686K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1851 | −0.085% | $89K | $865K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1841 | −0.171% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0160% | 1h | 1.1846 | −0.124% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERP | +0.0195% | 1h | 1.1844 | −0.147% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1849 | −0.098% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1890 | +0.244% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.2360% | 1h | 1.1845 | −0.133% | $784K | $560K | 10x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD