ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Hyperliquid against Bybit+0.101%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$610.609% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.101%, 7d avg +0.109%

Together, before fees+0.086%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZROUSDT	1.1855	0.0100	pay 0.0050% / 4h	2h 21m	$18.2M	$15.6M	50x
Short	Hyperliquid ZRO	1.1867	0.0100	get 0.0013% / 1h	21m 31s	$37.7M	$6.7M	5x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BybitbpFee HyperliquidbpOrdersPrice spread, now +0.101%Rate

Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 12 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 2 min ago	2.95 bp	18.1 bp −$18	35.6 bp −$356	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	1.27 bp	12.8 bp −$13	doesn't fit	doesn't fit	doesn't fit

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
01 Exchange ZROUSD	−0.0400%	1h	1.1858	+0.026%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	−0.0054%	4h	1.1867	+0.101%	$21K	$7K	10x	as long as short
dYdX ZRO-USD	+0.0021%	1h	1.1860	+0.046%	$21K	$2K	5x	as long as short
BloFin ZRO-USDT	+0.0043%	4h	1.1852	−0.025%	$1.1M	$266K	75x	as long as short
OKX ZRO-USDT-SWAP	+0.0093%	4h	1.1862	+0.059%	$3.2M	$9.1M	20x	as long as short
Lighter ZRO	+0.0096%	1h	1.1867	+0.105%	$4.6M	$1.3M	5x	as long as short
Hyperliquid ZROshort	+0.0100%	1h	1.1867	+0.101%	$37.7M	$6.7M	5x
Aster ZROUSDT	+0.0100%	4h	1.1864	+0.077%	$158K	$160K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1865	+0.082%	$144K	$193K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1864	+0.074%	$22.4M	$33.3M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZROUSDTlong	+0.0100%	4h	1.1855	long leg	$18.2M	$15.6M	50x
Gate ZRO_USDT	+0.0100%	4h	1.1860	+0.042%	$1.3M	$2.0M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1863	+0.067%	$19.2M	$3.5M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1873	+0.152%	$3.0M	$1.8M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1865	+0.084%	$2.7M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1858	+0.025%	—	$10.9M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1867	+0.101%	$93K	$205K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1827	−0.235%	$2.3M	$862K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1850	−0.042%	$37K	$680K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1875	+0.169%	$87K	$920K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1864	+0.079%	$21K	—	3x	as long as short
Nado ZRO-PERP	+0.0157%	1h	1.1863	+0.068%	$1.3M	$131K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1868	+0.108%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0316%	1h	1.1876	+0.178%	$252K	$572K	25x	as long as short
Injective ZRO/USDC PERP	+0.1237%	1h	1.1900	+0.380%	$12K	$175K	12x	as long as short
Extended ZRO-USD	+0.1512%	1h	1.1860	+0.042%	$784K	$555K	10x	as long as short