ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0259%/8h= +28.4% APRnext payment +$0.32 per $10,000 · paid last 24h +0.075%

Price spread now: GMX against Hyperliquid−0.212%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.212% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.212% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 2.7 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ZORA	0.008495	0.0174	pay 0.0022% / 1h	35m 17s	$1.6M	$307K	3x
Short	GMX ZORA/USD [ETH-USDC]	0.008477	L +0.0231% / S −0.0433%	get 0.0054% / 1h	35m 17s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee GMXbpOrdersPrice spread, now −0.212%Rate

Funding earned: $54.43
Price spread: −0.212% → 0.000%: −$21.19
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $12.24
Costs to cover: 0.210%
Break-even: 5.4 days

Slippage unknown: Hyperliquid: live order book, 5 min ago; GMX: 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, 5 min ago	4.15 bp	12.7 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

ZORA 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
dYdX ZORA-USD	0.0000%	1h	0.008457	−0.441%	$311	$5	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008469	−0.306%	—	$6.5M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008468	−0.318%	$22K	$15K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008469	−0.303%	$26K	$16K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008480	−0.177%	$2.5M	$4.3M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008464	−0.365%	$2.3M	$1.7M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008464	−0.365%	$766K	$980K	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008460	−0.412%	$162K	$83K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008480	−0.177%	$9.8M	$224K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008467	−0.330%	$741K	$1.5M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008482	−0.153%	$689K	$286K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008447	−0.565%	$34K	$106K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008426	−0.816%	$127K	$24K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008670	+2.060%	$2K	$1.3M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008481	−0.171%	$8K	$202K	5x	as long as short
Hyperliquid ZORAlong	+0.0174%	1h	0.008495	long leg	$1.6M	$307K	3x
GMX ZORA/USD [ETH-USDC]short	L +0.0231% / S −0.0433%	1h	0.008477	−0.212%	$1K	—	100x