Funding you earn now, next payment 06:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.030%
Price spread now: Orderly against Hyperliquid−0.233%7-day average −0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.446%−$45 on $10k
+Price spread, last 4 days (all we have)+0.725%+$73 · spread now −0.233%, 7d avg −0.016%
=Together, before fees+0.279%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.217% cheaper against Hyperliquid than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,514.5 | 0.0100 | pay 0.0013% / 1h | 14m 43s | $791.8M | $434.9M | 10x |
| Short | Orderly PERP_ZEC_USDC | 1,511 | 0.0065 | get 0.0065% / 8h | 2h 14m | $300K | $984K | 20x |
Hyperliquid ZEC
Orderly PERP_ZEC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$7.27
- Price spread: −0.233% → −0.016%
- −$21.7
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$43.97
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Orderly: 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, 9 min ago | 0.34 bp | 4.8 bp −$5 | 4.8 bp −$48 | 5.3 bp −$530 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.
ZEC on 51 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 | −0.3243% | 1h | 1,488.7 | −1.706% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0140% | 8h | 1,511 | −0.234% | $30.2M | $74.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,513.2 | −0.089% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,513.9 | −0.041% | $421K | $36K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,514.6 | +0.009% | $1.7M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,511.8 | −0.178% | $86K | $239K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,511.4 | −0.202% | $717K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0007% | 1h | 1,511 | −0.233% | $5.4M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDCshort | +0.0065% | 8h | 1,511 | −0.233% | $300K | $984K | 20x | |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,512.7 | −0.121% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0092% | 1h | 1,507.5 | −0.465% | $4.8M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,512.4 | −0.139% | $147K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,512.4 | −0.136% | $2.9M | $6.5M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,514.5 | long leg | $791.8M | $434.9M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,514 | −0.035% | $14.7M | $29.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,514.3 | −0.013% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,514 | −0.035% | $702.4M | $2.24B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,514.2 | −0.017% | $277.8M | $617.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,514.1 | −0.028% | $181.7M | $1.30B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,520.5 | +0.396% | $411K | $494K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,479.3 | −2.326% | $894K | $15K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,512.5 | −0.129% | $54.5M | $179.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,514.1 | −0.028% | $228.3M | $777.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,513.3 | −0.077% | $104.0M | $55.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,513.4 | −0.076% | $164.1M | $281.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,512.8 | −0.111% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,519.3 | +0.316% | $49.5M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,510.2 | −0.285% | $577K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,505.9 | −0.566% | $3.1M | $462K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,513 | −0.098% | $419K | $928K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,512.2 | −0.150% | $57K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,512.2 | −0.152% | $370K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,511.5 | −0.197% | $166K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,510.4 | −0.268% | $461K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,512.1 | −0.159% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,510.1 | −0.289% | $250K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,512.1 | −0.161% | $2.6M | $19.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,510.6 | −0.259% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,514.5 | −0.003% | $62K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,512.9 | −0.103% | $14K | $847K | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0104% / S −0.0075% | 1h | 1,510.9 | −0.238% | $406K | — | 100x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,511.6 | −0.192% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,511 | −0.234% | $46K | $153K | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0142% | 1h | 1,509.9 | −0.303% | $18.4M | $46.0M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,512.3 | −0.144% | $944K | $1.1M | 10x | as long as short |
| Lighter RH ZEC | +0.0192% | 1h | 1,515.4 | +0.060% | $2.1M | $7.3M | 10x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,515.7 | +0.079% | $19.8M | $45.4M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0452% | 1h | 1,511.2 | −0.220% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,512.4 | −0.138% | $3.7M | $9.9M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,513.5 | −0.064% | $607K | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0562% | 1h | 1,501.3 | −0.871% | $51K | $60K | 10x | as long as short |
Phoenix ZEC
Popdex ZECUSDT
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
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
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
GMX ZEC/USD [WBTC.b-USDC]
Extended ZEC-USD
Aevo ZEC-PERP
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Lighter RH ZEC
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD