Funding you earn now, next payment 00:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.034%
Price spread now: Aster against Hyperliquid−0.211%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$289as in the Price arb table
costs, in and out, $10k−$2772.773% of the position
Funding, last 5 days (all we have)−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.211%, 7d avg −0.091%
=Together, before fees+0.208%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 0.119% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.064% in total (about -4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEN | 7.7850 | 0.0336 | pay 0.0042% / 1h | 2m 42s | $2.4M | $1.8M | 5x |
| Short | Aster ZENUSDT | 7.7686 | 0.0100 | get 0.0100% / 8h | 2m 42s | $53K | $378K | 10x |
Hyperliquid ZEN
Aster ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$49.55
- Price spread: −0.211% → −0.091%
- −$11.93
- Slippage, 4 orders
- −$260.33
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$338.8
- Costs to cover
- 2.773%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Aster: live order book, 9 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 | 1.35 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 9 min ago | 7.11 bp | 236.4 bp −$236 | doesn't fit | doesn't fit | doesn't fit |
ZEN on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | −0.0029% | 8h | 7.7390 | −0.591% | $52K | $85K | — | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7668 | −0.234% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0005% | 4h | 7.7570 | −0.360% | $2.3M | $5.8M | 50x | as long as short |
| KuCoin ZENUSDTM | +0.0041% | 8h | 7.7720 | −0.167% | $4.4M | $4.9M | 50x | as long as short |
| Bybit ZENUSDT | +0.0051% | 8h | 7.7630 | −0.283% | $4.6M | $6.2M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0078% | 8h | 7.7660 | −0.244% | $12.5M | $5.5M | 200x | as long as short |
| Extended ZEN-USD | +0.0080% | 1h | 7.7704 | −0.187% | $25K | $118K | 5x | as long as short |
| Binance ZENUSDT | +0.0081% | 8h | 7.7674 | −0.227% | $11.2M | $31.6M | 75x | as long as short |
| Aster ZENUSDTshort | +0.0100% | 8h | 7.7686 | −0.211% | $53K | $378K | 10x | |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7680 | −0.218% | $2.9M | $3.5M | 50x | as long as short |
Variational Omni ZEN
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
Bybit ZENUSDT
MEXC ZEN_USDT
Extended ZEN-USD
Binance ZENUSDT
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEN-USDT | +0.0100% | 8h | 7.7680 | −0.218% | — | $3.3M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7690 | −0.206% | $587K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7520 | −0.424% | $26K | $686K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7660 | −0.244% | $2K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0198% | 8h | 7.7760 | −0.116% | $848K | $1.8M | 75x | as long as short |
| Hyperliquid ZENlong | +0.0336% | 1h | 7.7850 | long leg | $2.4M | $1.8M | 5x | |
| Kraken Futures PF_ZENUSD | +0.2641% | 1h | 7.8045 | +0.250% | $511K | $1.0M | 25x | as long as short |
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Kraken Futures PF_ZENUSD