Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.039%
Price spread now: Polymarket Perps against Hyperliquid0.000%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days−0.215%−$22 on $10k
+Price spread, last 4 days (all we have)+0.159%+$16 · spread now 0.000%, 7d avg −0.017%
=Together, before fees−0.057%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZRO | 1.1673 | 0.0100 | pay 0.0013% / 1h | 7m 58s | $37.0M | $5.4M | 5x |
| Short | Polymarket Perps ZRO-USD | 1.1673 | 0.0100 | get 0.0013% / 1h | 7m 58s | $99K | $817K | 5x |
Hyperliquid ZRO
Polymarket Perps ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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: 0.000% → −0.017%
- $1.71
- Slippage, 4 orders
- −$23.29
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$38.58
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Polymarket Perps: live order book, 60 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, 5 min ago | 0.43 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 60 min ago | 3.83 bp | 7.8 bp −$8 | 9.8 bp −$98 | 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 | +0.0030% | 1h | 1.1681 | +0.067% | $21K | $5K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0072% | 1h | 1.1669 | −0.031% | $4K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0083% | 4h | 1.1671 | −0.017% | $1.0M | $202K | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0093% | 4h | 1.1670 | −0.026% | $20K | $4K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1688 | +0.127% | $4.4M | $1.2M | 5x | as long as short |
| Hyperliquid ZROlong | +0.0100% | 1h | 1.1673 | long leg | $37.0M | $5.4M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1678 | +0.047% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1669 | −0.031% | $137K | $171K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1670 | −0.026% | $21.8M | $29.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1661 | −0.103% | $17.9M | $13.3M | 50x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
BloFin ZRO-USDT
Orderly PERP_ZRO_USDC
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 | 1.1667 | −0.051% | $3.2M | $7.7M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1670 | −0.026% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1664 | −0.077% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1677 | +0.034% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1664 | −0.077% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1677 | +0.034% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1663 | −0.087% | $2.3M | $770K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1670 | −0.026% | $39K | $670K | 50x | as long as short |
| Polymarket Perps ZRO-USDshort | +0.0100% | 1h | 1.1673 | 0.000% | $99K | $817K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1667 | −0.050% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0222% | 1h | 1.1671 | −0.017% | $95K | $216K | 20x | as long as short |
| Nado ZRO-PERP | +0.0258% | 1h | 1.1667 | −0.053% | $1.3M | $128K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1666 | −0.060% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0515% | 1h | 1.1676 | +0.027% | $254K | $298K | 25x | as long as short |
| Extended ZRO-USD | +0.0760% | 1h | 1.1668 | −0.043% | $800K | $630K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1317% | 1h | 1.1730 | +0.488% | $12K | $261K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
Backpack ZRO_USDC_PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP