Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.058%
Price spread now: Bybit against Hyperliquid−0.214%7-day average −0.118% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 7 days+0.132%+$13 · spread now −0.214%, 7d avg −0.118%
=Together, before fees+0.032%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 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: Bybit is 0.096% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.118%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEN | 7.6774 | 0.0100 | pay 0.0013% / 1h | 29m 41s | $2.4M | $1.9M | 5x |
| Short | Bybit ZENUSDT | 7.6610 | 0.0100 | get 0.0100% / 8h | 2h 29m | $4.6M | $7.1M | 75x |
Hyperliquid ZEN
Bybit ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.214% → −0.118%
- −$9.6
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$29.6
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 1 min ago; Bybit: live order book, 3 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 Hyperliquid live order book, 1 min ago | 1.63 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.96 bp | 38.9 bp −$39 | 164.7 bp −$1,647 | 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 | −0.0117% | 8h | 7.6382 | −0.511% | $51K | $219K | — | as long as short |
| OKX ZEN-USDT-SWAP | −0.0048% | 4h | 7.6610 | −0.214% | $2.3M | $6.0M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.6597 | −0.231% | $9K | — | 5x | as long as short |
| MEXC ZEN_USDT | +0.0021% | 8h | 7.6650 | −0.162% | $12.1M | $6.1M | 200x | as long as short |
| Extended ZEN-USD | +0.0024% | 1h | 7.6670 | −0.136% | $25K | $110K | 5x | as long as short |
| Binance ZENUSDT | +0.0024% | 8h | 7.6660 | −0.148% | $11.0M | $32.7M | 75x | as long as short |
| KuCoin ZENUSDTM | +0.0030% | 8h | 7.6650 | −0.162% | $4.3M | $5.2M | 50x | as long as short |
| Bitget ZENUSDT | +0.0039% | 8h | 7.6610 | −0.214% | $2.8M | $3.5M | 50x | as long as short |
| Aster ZENUSDT | +0.0075% | 8h | 7.6667 | −0.139% | $54K | $381K | 10x | as long as short |
| BloFin ZEN-USDT | +0.0087% | 8h | 7.6460 | −0.409% | $835K | $1.9M | 75x | as long as short |
Variational Omni ZEN
OKX ZEN-USDT-SWAP
dYdX ZEN-USD
MEXC ZEN_USDT
Extended ZEN-USD
Binance ZENUSDT
KuCoin ZENUSDTM
Bitget ZENUSDT
Aster ZENUSDT
BloFin ZEN-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZENlong | +0.0100% | 1h | 7.6774 | long leg | $2.4M | $1.9M | 5x | |
| Bybit ZENUSDTshort | +0.0100% | 8h | 7.6610 | −0.214% | $4.6M | $7.1M | 75x | |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6680 | −0.122% | — | $3.4M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6497 | −0.361% | $582K | $1.6M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6530 | −0.318% | $27K | $682K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6780 | +0.008% | $2K | $1.5M | 20x | as long as short |
| Kraken Futures PF_ZENUSD | +0.1133% | 1h | 7.6815 | +0.054% | $494K | $1.1M | 25x | as long as short |
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Kraken Futures PF_ZENUSD