Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.038%
Price spread now: Binance against Hyperliquid+0.015%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Funding, last 7 days−0.338%−$34 on $10k
+Price spread, last 7 days−0.061%−$6 · spread now +0.015%, 7d avg −0.030%
=Together, before fees−0.399%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 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: Binance is 0.045% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,476.6 | 0.0100 | pay 0.0013% / 1h | 26m 28s | $768.5M | $445.2M | 10x |
| Short | Binance ZECUSDT | 1,476.8 | 0.0100 | get 0.0100% / 8h | 6h 26m | $682.6M | $2.33B | 75x |
Hyperliquid ZEC
Binance ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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: +0.015% → −0.030%
- $4.53
- Slippage, 4 orders
- −$2.92
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$17.39
- Costs to cover
- 0.219%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Binance: live order book, 3 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, 8 min ago | 0.34 bp | 5.1 bp −$5 | 8.8 bp −$88 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.03 bp | 6.0 bp −$6 | 9.4 bp −$94 | 20.9 bp −$2,094 | doesn't fit |
ZEC on 50 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ZEC/USDC PERP | −0.3678% | 1h | 1,475.4 | −0.079% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,475.3 | −0.089% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0017% | 1h | 1,474.1 | −0.169% | $400K | $518K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,475 | −0.106% | $18.1M | $43.5M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,475.9 | −0.047% | $416K | $55K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,476.4 | −0.012% | $976K | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,475.3 | −0.086% | $84K | $254K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,475.2 | −0.094% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0027% | 8h | 1,474.8 | −0.121% | $294K | $1.1M | 20x | as long as short |
| Variational Omni ZEC | +0.0040% | 8h | 1,476.4 | −0.015% | $48.0M | $33.0M | — | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Variational Omni ZECShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,474.9 | −0.113% | $385K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,476.9 | +0.017% | $8K | $9K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,478.2 | +0.110% | $4.7M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0095% | 8h | 1,476.6 | +0.001% | $181.6M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,476.8 | +0.011% | $174K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,476.6 | −0.003% | $17K | $840K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,476.8 | +0.013% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,477 | +0.024% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,476.6 | long leg | $768.5M | $445.2M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,476 | −0.044% | $14.9M | $30.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,476.5 | −0.006% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDTshort | +0.0100% | 8h | 1,476.8 | +0.015% | $682.6M | $2.33B | 75x | |
| Bybit ZECUSDT | +0.0100% | 8h | 1,476.5 | −0.010% | $272.3M | $618.1M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,476.6 | −0.001% | $896K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,476.5 | −0.007% | $50.2M | $175.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,476.6 | −0.002% | $215.7M | $799.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,475.5 | −0.072% | $103.8M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,476.5 | −0.010% | $164.0M | $283.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,476.5 | −0.005% | — | $100.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,476.1 | −0.035% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,475 | −0.108% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474 | −0.174% | $429K | $907K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,475.6 | −0.071% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,476.6 | 0.000% | $340K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,475 | −0.109% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473.5 | −0.211% | $458K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,477.7 | +0.074% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474.9 | −0.116% | $243K | $3.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,475.7 | −0.061% | $2.6M | $18.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,475.7 | −0.062% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,476.5 | −0.010% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,475 | −0.109% | $48K | $162K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0128% | 1h | 1,475.7 | −0.064% | $614K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,477.5 | +0.062% | $685K | $8.7M | 10x | as long as short |
| Lighter ZEC | +0.0264% | 1h | 1,477.7 | +0.071% | $19.3M | $48.1M | 20x | as long as short |
| Lighter RH ZEC | +0.0304% | 1h | 1,477.4 | +0.051% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,477.2 | +0.044% | $867K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,477.8 | +0.082% | $3.7M | $9.5M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0503% | 1h | 1,475.5 | −0.073% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0726% | 1h | 1,475.4 | −0.079% | $44K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
Phoenix ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD