Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.034%
Price spread now: Hyperliquid against Polymarket Perps+0.017%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days+0.220%+$22 on $10k
+Price spread, last 3 days (all we have)−0.218%−$22 · spread now +0.017%, 7d avg +0.015%
=Together, before fees+0.002%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ZRO-USD | 1.1731 | 0.0100 | pay 0.0013% / 1h | 11m 30s | $93K | $823K | 5x |
| Short | Hyperliquid ZRO | 1.1733 | 0.0100 | get 0.0013% / 1h | 11m 30s | $37.2M | $6.2M | 5x |
Polymarket Perps ZRO-USD
Hyperliquid ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Polymarket Perps. 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: +0.017% → +0.015%
- $0.17
- Slippage, 4 orders
- −$24.75
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$41.58
- Costs to cover
- 0.418%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 27 min ago; Hyperliquid: live order book, 12 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 Polymarket Perps live order book, 27 min ago | 1.27 bp | 5.5 bp −$5 | 8.6 bp −$86 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 1.70 bp | 13.4 bp −$13 | 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 | −0.0224% | 1h | 1.1708 | −0.193% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0011% | 4h | 1.1736 | +0.043% | $21K | $7K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1749 | +0.158% | $4.4M | $1.5M | 5x | as long as short |
| dYdX ZRO-USD | +0.0097% | 1h | 1.1754 | +0.196% | $21K | $2K | 5x | as long as short |
| Hyperliquid ZROshort | +0.0100% | 1h | 1.1733 | +0.017% | $37.2M | $6.2M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1751 | +0.172% | $157K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1735 | +0.034% | $136K | $175K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1721 | −0.085% | $22.0M | $30.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1718 | −0.111% | $17.9M | $14.4M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1726 | −0.043% | $3.2M | $8.1M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Lighter ZRO
dYdX ZRO-USD
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 | 1.1730 | −0.009% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1741 | +0.085% | $19.1M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1735 | +0.034% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1724 | −0.060% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1730 | −0.009% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1741 | +0.085% | $97K | $207K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1751 | +0.169% | $2.3M | $879K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | −0.009% | $37K | $687K | 50x | as long as short |
| Polymarket Perps ZRO-USDlong | +0.0100% | 1h | 1.1731 | long leg | $93K | $823K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1749 | +0.149% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0126% | 4h | 1.1739 | +0.068% | $1.1M | $255K | 75x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0133% | 1h | 1.1753 | +0.188% | $252K | $419K | 25x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1743 | +0.100% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0317% | 1h | 1.1729 | −0.020% | $1.3M | $124K | 5x | as long as short |
| Injective ZRO/USDC PERP | +0.1159% | 1h | 1.1790 | +0.503% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1984% | 1h | 1.1727 | −0.034% | $784K | $589K | 10x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
BloFin ZRO-USDT
Kraken Futures PF_ZROUSD
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Injective ZRO/USDC PERP
Extended ZRO-USD