Funding you earn now, next payment 22:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.001%
Price spread now: BloFin against Hyperliquid−0.137%47s7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$680.681% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 3 days (all we have)+0.275%+$28 · spread now −0.137%, 7d avg −0.040%
=Together, before fees+0.280%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.097% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.040%). If the spread goes back, that is −$10 on $10k: about 30 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.005% in total) that is about 5 months. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZK | 0.01165 | 0.0100 | pay 0.0013% / 1h | 8m 25s | $584K | $237K | 5x |
| Short | BloFin ZK-USDT | 0.01164 | 0.0111 | get 0.0055% / 4h | 2h 08m | $212K | $24K | 75x |
Hyperliquid ZK
BloFin ZK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $2.25
- Price spread: −0.137% → −0.040%
- −$9.72
- Slippage, 4 orders
- −$47.08
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$75.56
- Costs to cover
- 0.681%
- Break-even
- 242.5 days
Slippage from Hyperliquid: live order book, 11 min ago; BloFin: live order book, 7 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, 11 min ago | 1.28 bp | 16.7 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 7 min ago | 2.14 bp | 20.5 bp −$20 | 37.4 bp −$374 | doesn't fit | doesn't fit |
ZK 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ZK/USDC PERP | +0.0033% | 1h | 0.01170 | +0.403% | $2K | $31K | 5.5x | as long as short |
| Lighter ZK | +0.0096% | 1h | 0.01166 | +0.043% | $119K | $159K | 8x | as long as short |
| Hyperliquid ZKlong | +0.0100% | 1h | 0.01165 | long leg | $584K | $237K | 5x | |
| Aster ZKUSDT | +0.0100% | 4h | 0.01165 | −0.030% | $36K | $19K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01164 | −0.137% | $29K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01164 | −0.142% | $4.7M | $9.9M | 75x | as long as short |
| Bybit ZKUSDT | +0.0100% | 4h | 0.01163 | −0.180% | $5.0M | $2.7M | 25x | as long as short |
| OKX ZK-USDT-SWAP | +0.0100% | 4h | 0.01163 | −0.206% | $945K | $2.3M | 20x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01164 | −0.112% | $316K | $256K | 50x | as long as short |
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01164 | −0.112% | $987K | $960K | 50x | as long as short |
Injective ZK/USDC PERP
Lighter ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Bybit ZKUSDT
OKX ZK-USDT-SWAP
Gate ZK_USDT
KuCoin ZKUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZKUSDT | +0.0100% | 4h | 0.01165 | −0.026% | $1.5M | $851K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01163 | −0.197% | — | $6.7M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01163 | −0.199% | $57K | $15K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01165 | −0.063% | $154K | $2.9M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01165 | −0.026% | $8K | $623K | 50x | as long as short |
| BloFin ZK-USDTshort | +0.0111% | 4h | 0.01164 | −0.137% | $212K | $24K | 75x | |
| Kraken Futures PF_ZKUSD | +0.1496% | 1h | 0.01167 | +0.122% | $193K | $44K | 25x | as long as short |
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
ApeX Omni ZKUSDT
Kraken Futures PF_ZKUSD