Funding you earn now, next payment 03:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.033%
Price spread now: Hyperliquid against MEXC+0.179%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 7 days−0.080%−$8 · spread now +0.179%, 7d avg +0.088%
=Together, before fees+0.040%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.092% dearer against MEXC than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ZRO_USDT | 1.1703 | 0.0100 | pay 0.0050% / 4h | 1h 12m | $19.1M | $2.7M | 125x |
| Short | Hyperliquid ZRO | 1.1724 | 0.0239 | get 0.0030% / 1h | 12m 07s | $37.1M | $5.5M | 5x |
MEXC ZRO_USDT
Hyperliquid ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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
- $29.15
- Price spread: +0.179% → +0.088%
- $9.18
- Slippage, 4 orders
- −$22.21
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $7.13
- Costs to cover
- 0.312%
- Break-even
- 5.3 days
Slippage from MEXC: live order book, 1 min ago; Hyperliquid: live order book, 11 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 MEXC live order book, 1 min ago | 0.43 bp | 5.7 bp −$6 | 47.0 bp −$470 | 88.8 bp −$8,878 | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 1.28 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
ZRO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0264% | 1h | 1.1712 | +0.076% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1710 | +0.060% | $20K | $5K | 10x | as long as short |
| dYdX ZRO-USD | +0.0041% | 1h | 1.1709 | +0.048% | $21K | $3K | 5x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1724 | +0.184% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1721 | +0.157% | $158K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1715 | +0.103% | $136K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1703 | −0.001% | $21.9M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1697 | −0.051% | $17.8M | $14.0M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1709 | +0.051% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1720 | +0.145% | $1.3M | $1.5M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDTlong | +0.0100% | 4h | 1.1703 | long leg | $19.1M | $2.7M | 125x | |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1715 | +0.103% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1697 | −0.051% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1710 | +0.060% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1708 | +0.043% | $97K | $195K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1745 | +0.361% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1770 | +0.573% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1718 | +0.128% | $99K | $846K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1710 | +0.058% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0114% | 4h | 1.1731 | +0.239% | $1.1M | $249K | 75x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1714 | +0.091% | $257K | $407K | 25x | as long as short |
| Nado ZRO-PERP | +0.0201% | 1h | 1.1710 | +0.058% | $1.3M | $124K | 5x | as long as short |
| Hyperliquid ZROshort | +0.0239% | 1h | 1.1724 | +0.179% | $37.1M | $5.5M | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1707 | +0.031% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0776% | 1h | 1.1699 | −0.034% | $784K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1760 | +0.487% | $12K | $260K | 12x | as long as short |
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP