Funding you earn now, next payment 22:00 UTC−0.0460%/8h= −50.4% APRnext payment −$0.58 per $10,000 · paid last 24h −0.085%
Price spread now: 01 Exchange against Hyperliquid−0.260%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and 01 Exchange is 0.260% cheaper against Hyperliquid than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZRO | 1.1834 | 0.0100 | pay 0.0013% / 1h | 39m 58s | $37.6M | $7.1M | 5x |
| Short | 01 Exchange ZROUSD | 1.1804 | −0.0360 | pay 0.0045% / 1h | 39m 58s | $7K | $3K | 5x |
Hyperliquid ZRO
01 Exchange ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$96.6
- Price spread: −0.260% → 0.000%
- −$26.03
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$138.63
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; 01 Exchange: no order-book sample. Net counts fees only.
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, 3 min ago | 1.27 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 ZROUSDshort | −0.0360% | 1h | 1.1804 | −0.260% | $7K | $3K | 5x | |
| Orderly PERP_ZRO_USDC | −0.0048% | 4h | 1.1813 | −0.182% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1810 | −0.206% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0036% | 4h | 1.1818 | −0.139% | $3.2M | $9.1M | 20x | as long as short |
| Bybit ZROUSDT | +0.0073% | 4h | 1.1809 | −0.215% | $18.1M | $16.0M | 50x | as long as short |
| BloFin ZRO-USDT | +0.0092% | 4h | 1.1809 | −0.215% | $1.1M | $265K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1823 | −0.098% | $4.6M | $1.2M | 5x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1802 | −0.278% | $2.3M | $879K | — | as long as short |
| Hyperliquid ZROlong | +0.0100% | 1h | 1.1834 | long leg | $37.6M | $7.1M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1820 | −0.124% | $158K | $162K | 10x | as long as short |
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
Bybit ZROUSDT
BloFin ZRO-USDT
Lighter ZRO
Variational Omni ZRO
Aster ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ZRO | +0.0100% | 1h | 1.1809 | −0.215% | $144K | $197K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1821 | −0.118% | $22.4M | $34.0M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | −0.292% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1827 | −0.063% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1814 | −0.173% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1818 | −0.139% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1814 | −0.173% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1826 | −0.072% | $92K | $203K | 20x | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1790 | −0.376% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1821 | −0.114% | $87K | $996K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1810 | −0.207% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0181% | 1h | 1.1809 | −0.216% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1822 | −0.103% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0317% | 1h | 1.1823 | −0.097% | $250K | $577K | 25x | as long as short |
| Extended ZRO-USD | +0.0888% | 1h | 1.1810 | −0.205% | $780K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1850 | +0.131% | $12K | $145K | 12x | as long as short |
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP