Funding you earn now, next payment 06:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.030%
Price spread now: Hyperliquid against Orderly+0.234%7-day average +0.016% · you sell dearer than you buy
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)−0.726%−$73 · spread now +0.234%, 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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.218% dearer against Orderly than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZEC_USDC | 1,511 | 0.0065 | pay 0.0065% / 8h | 2h 14m | $300K | $984K | 20x |
| Short | Hyperliquid ZEC | 1,514.5 | 0.0100 | get 0.0013% / 1h | 14m 43s | $791.8M | $434.9M | 10x |
Orderly PERP_ZEC_USDC
Hyperliquid ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Orderly. 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: +0.234% → +0.016%
- $21.76
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $14.02
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 9 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 9 min ago | 0.34 bp | 4.9 bp −$5 | 6.7 bp −$67 | doesn't fit | doesn't fit |
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 | −1.477% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0140% | 8h | 1,511 | −0.001% | $30.2M | $74.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,513.2 | +0.144% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,513.9 | +0.192% | $421K | $36K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,514.6 | +0.243% | $1.7M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,511.8 | +0.055% | $86K | $239K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,511.4 | +0.031% | $717K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0007% | 1h | 1,511 | 0.000% | $5.4M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDClong | +0.0065% | 8h | 1,511 | long leg | $300K | $984K | 20x | |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,512.7 | +0.113% | $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 | −0.232% | $4.8M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,512.4 | +0.095% | $147K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,512.4 | +0.098% | $2.9M | $6.5M | 10x | as long as short |
| Hyperliquid ZECshort | +0.0100% | 1h | 1,514.5 | +0.234% | $791.8M | $434.9M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,514 | +0.198% | $14.7M | $29.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,514.3 | +0.221% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,514 | +0.198% | $702.4M | $2.24B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,514.2 | +0.216% | $277.8M | $617.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,514.1 | +0.206% | $181.7M | $1.30B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,520.5 | +0.631% | $411K | $494K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,479.3 | −2.097% | $894K | $15K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,512.5 | +0.104% | $54.5M | $179.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,514.1 | +0.206% | $228.3M | $777.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,513.3 | +0.156% | $104.0M | $55.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,513.4 | +0.158% | $164.1M | $281.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,512.8 | +0.122% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,519.3 | +0.550% | $49.5M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,510.2 | −0.052% | $577K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,505.9 | −0.334% | $3.1M | $462K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,513 | +0.135% | $419K | $928K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,512.2 | +0.083% | $57K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,512.2 | +0.081% | $370K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,511.5 | +0.036% | $166K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,510.4 | −0.035% | $461K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,512.1 | +0.074% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,510.1 | −0.056% | $250K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,512.1 | +0.072% | $2.6M | $19.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,510.6 | −0.026% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,514.5 | +0.231% | $62K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,512.9 | +0.130% | $14K | $847K | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0104% / S −0.0075% | 1h | 1,510.9 | −0.005% | $406K | — | 100x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,511.6 | +0.041% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,511 | −0.001% | $46K | $153K | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0142% | 1h | 1,509.9 | −0.070% | $18.4M | $46.0M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,512.3 | +0.090% | $944K | $1.1M | 10x | as long as short |
| Lighter RH ZEC | +0.0192% | 1h | 1,515.4 | +0.294% | $2.1M | $7.3M | 10x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,515.7 | +0.313% | $19.8M | $45.4M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0452% | 1h | 1,511.2 | +0.013% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,512.4 | +0.095% | $3.7M | $9.9M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,513.5 | +0.169% | $607K | $8.4M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0562% | 1h | 1,501.3 | −0.639% | $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