Funding you earn now, next payment 04:00 UTC−0.0310%/8h= −34.0% APRpaid last 24h −0.035%
Price spread now: Gate against Hyperliquid−0.103%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$800.803% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now −0.103%, 7d avg −0.065%
=Together, before fees−0.065%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.038% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.065%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment. 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 | 1.1692 | 0.0410 | pay 0.0051% / 1h | 32m 23s | $37.0M | $5.5M | 5x |
| Short | Gate ZRO_USDT | 1.1680 | 0.0100 | get 0.0050% / 4h | 32m 23s | $1.3M | $1.5M | 75x |
Hyperliquid ZRO
Gate ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$65.16
- Price spread: −0.103% → −0.065%
- −$3.81
- Slippage, 4 orders
- −$56.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$149.26
- Costs to cover
- 0.803%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Gate: live order book, 5 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, 11 min ago | 3.02 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 4.32 bp | 27.1 bp −$27 | 77.4 bp −$774 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0008% | 1h | 1.1681 | −0.096% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1678 | −0.120% | $20K | $5K | 10x | as long as short |
| 01 Exchange ZROUSD | +0.0056% | 1h | 1.1687 | −0.045% | $7K | $3K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0090% | 1h | 1.1674 | −0.154% | $96K | $219K | 20x | as long as short |
| BloFin ZRO-USDT | +0.0093% | 4h | 1.1671 | −0.180% | $1.1M | $248K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1696 | +0.033% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1677 | −0.125% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1678 | −0.116% | $136K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1678 | −0.119% | $21.8M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1671 | −0.180% | $17.8M | $13.9M | 50x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
01 Exchange ZROUSD
Backpack ZRO_USDC_PERP
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 | 1.1681 | −0.094% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDTshort | +0.0100% | 4h | 1.1680 | −0.103% | $1.3M | $1.5M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1679 | −0.111% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1668 | −0.205% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1664 | −0.239% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1676 | −0.137% | — | $16.4M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1568 | −1.056% | $2.2M | $811K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1610 | −0.701% | $39K | $672K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1683 | −0.077% | $96K | $855K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1670 | −0.186% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0178% | 1h | 1.1681 | −0.096% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1674 | −0.157% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0381% | 1h | 1.1684 | −0.068% | $257K | $403K | 25x | as long as short |
| Hyperliquid ZROlong | +0.0410% | 1h | 1.1692 | long leg | $37.0M | $5.5M | 5x | |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1700 | +0.068% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1232% | 1h | 1.1674 | −0.156% | $780K | $590K | 10x | as long as short |
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
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
Extended ZRO-USD