Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%
Price spread now: Hyperliquid against KuCoin+0.187%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1121.118% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 7 days−0.134%−$13 · spread now +0.187%, 7d avg +0.080%
=Together, before fees−0.034%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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: Hyperliquid is 0.107% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZROUSDTM | 1.1788 | 0.0100 | pay 0.0050% / 4h | 3h 17m | $2.4M | $1.9M | 50x |
| Short | Hyperliquid ZRO | 1.1810 | 0.0100 | get 0.0013% / 1h | 17m 13s | $37.4M | $5.7M | 5x |
KuCoin ZROUSDTM
Hyperliquid ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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: +0.187% → +0.080%
- $10.67
- Slippage, 4 orders
- −$90.83
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$101.16
- Costs to cover
- 1.118%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Hyperliquid: live order book, 6 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 KuCoin live order book, 4 min ago | 6.79 bp | 53.0 bp −$53 | 134.9 bp −$1,349 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.27 bp | 10.0 bp −$10 | 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 | −0.0096% | 1h | 1.1790 | +0.021% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1794 | +0.051% | $21K | $6K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0059% | 4h | 1.1788 | 0.000% | $1.1M | $254K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1809 | +0.180% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZROshort | +0.0100% | 1h | 1.1810 | +0.187% | $37.4M | $5.7M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1799 | +0.091% | $158K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1798 | +0.088% | $137K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1797 | +0.080% | $22.2M | $30.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1796 | +0.068% | $18.0M | $14.1M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1798 | +0.085% | $3.2M | $8.0M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1780 | −0.068% | $1.4M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1795 | +0.059% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTMlong | +0.0100% | 4h | 1.1788 | long leg | $2.4M | $1.9M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1795 | +0.059% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1789 | +0.008% | — | $14.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1783 | −0.046% | $2.3M | $854K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1800 | +0.102% | $37K | $688K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1807 | +0.161% | $92K | $826K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1792 | +0.032% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0224% | 1h | 1.1787 | −0.012% | $21K | $3K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1798 | +0.083% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0298% | 1h | 1.1798 | +0.087% | $1.3M | $128K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0301% | 1h | 1.1809 | +0.181% | $253K | $410K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0374% | 1h | 1.1806 | +0.153% | $98K | $205K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1820 | +0.271% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1272% | 1h | 1.1796 | +0.066% | $784K | $589K | 10x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP
Extended ZRO-USD