Funding you earn now, next payment 22:00 UTC+0.0828%/8h= +90.7% APRnext payment +$1.04 per $10,000 · paid last 24h −0.006%
Price spread now: Extended against Hyperliquid−0.163%7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,114as in the Price arb table
costs, in and out, $10k−$2,10821.079% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.163%, 7d avg −0.106%
=Together, before fees+0.025%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.057% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.163% now, against its 7-day average of −0.106%). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$25 a day). Mind the row above: over the last 7 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZRO | 1.1817 | 0.0100 | pay 0.0013% / 1h | 40m 45s | $37.5M | $7.1M | 5x |
| Short | Extended ZRO-USD | 1.1798 | 0.0928 | get 0.0116% / 1h | 40m 45s | $780K | $560K | 10x |
Hyperliquid ZRO
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $173.88
- Price spread: −0.163% → −0.106%
- −$5.71
- Slippage, 4 orders
- −$2,093.86
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$1,939.68
- Costs to cover
- 21.079%
- Break-even
- 85.1 days
Slippage from Hyperliquid: live order book, 2 min ago; Extended: live order book, 47 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, 2 min ago | 1.27 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 47 min ago | 294.54 bp | 328.8 bp −$329 | 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 | −0.0360% | 1h | 1.1810 | −0.057% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0047% | 4h | 1.1814 | −0.025% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1810 | −0.058% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0030% | 4h | 1.1810 | −0.059% | $3.2M | $9.1M | 20x | as long as short |
| Bybit ZROUSDT | +0.0073% | 4h | 1.1798 | −0.161% | $18.1M | $16.1M | 50x | as long as short |
| BloFin ZRO-USDT | +0.0092% | 4h | 1.1809 | −0.068% | $1.1M | $265K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1821 | +0.033% | $4.6M | $1.2M | 5x | as long as short |
| Hyperliquid ZROlong | +0.0100% | 1h | 1.1817 | long leg | $37.5M | $7.1M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1825 | +0.070% | $158K | $162K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1809 | −0.068% | $144K | $197K | 5x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
Bybit ZROUSDT
BloFin 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | +0.0100% | 4h | 1.1809 | −0.068% | $22.3M | $34.0M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | −0.144% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1807 | −0.085% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1806 | −0.093% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1800 | −0.144% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1804 | −0.110% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1818 | +0.008% | $92K | $204K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1763 | −0.456% | $2.2M | $878K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1790 | −0.228% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1817 | 0.000% | $87K | $996K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1805 | −0.102% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0177% | 1h | 1.1810 | −0.057% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1822 | +0.040% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0317% | 1h | 1.1822 | +0.039% | $250K | $577K | 25x | as long as short |
| Extended ZRO-USDshort | +0.0928% | 1h | 1.1798 | −0.163% | $780K | $560K | 10x | |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1850 | +0.279% | $12K | $145K | 12x | as long as short |
Binance ZROUSDT
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
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP