Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.024%
Price spread now: Bulk against Hyperliquid−0.701%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Funding, last 4 days (all we have)−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)+0.734%+$73 · spread now −0.701%, 7d avg −0.051%
=Together, before fees+0.594%+ Points / potential airdropHyperliquid: Season 2 · farm board+$59 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: Bulk is 0.649% cheaper against Hyperliquid than usual: you would sell low and buy high, −$65 on $10k if it goes back to its 7-day average of −0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,482.8 | 0.0100 | pay 0.0013% / 1h | 23m 07s | $773.9M | $422.2M | 10x |
| Short | Bulk ZEC-USD | 1,472.4 | 0.0100 | get 0.0013% / 1h | 23m 07s | $889K | $15K | 10x |
Hyperliquid ZEC
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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: −0.701% → −0.051%
- −$64.95
- Slippage, 4 orders
- −$1.36
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$82.31
- Costs to cover
- 0.174%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Bulk: live order book, 26 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 | 0.34 bp | 4.8 bp −$5 | 7.4 bp −$74 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 26 min ago | 0.34 bp | 3.8 bp −$4 | 4.6 bp −$46 | 7.3 bp −$727 | 14.3 bp −$7,141 |
ZEC on 51 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 ZEC/USDC PERP | −0.3243% | 1h | 1,461.8 | −1.418% | $34K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0098% | 8h | 1,482.6 | −0.011% | $30.1M | $71.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,479.5 | −0.224% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,480 | −0.187% | $411K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,480.5 | −0.154% | $1.6M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,479.1 | −0.249% | $85K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0007% | 1h | 1,479.5 | −0.225% | $5.3M | — | 150x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0050% | 1h | 1,480.3 | −0.172% | $629K | $1.3M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,479.3 | −0.235% | $296K | $896K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,480.1 | −0.185% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Deribit ZEC_USDC-PERPETUAL
Orderly PERP_ZEC_USDC
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDT | +0.0092% | 8h | 1,481.9 | −0.063% | $264.0M | $598.1M | 75x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,475.1 | −0.519% | $4.7M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,479.7 | −0.206% | $174K | $1.6M | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0100% / S −0.0054% | 1h | 1,479.3 | −0.239% | $441K | — | 100x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,479.3 | −0.235% | $11K | $824K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,479.3 | −0.234% | $61K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,479.9 | −0.198% | $2.9M | $6.3M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,482.8 | long leg | $773.9M | $422.2M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,480.9 | −0.131% | $14.5M | $28.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,479.9 | −0.194% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,481.7 | −0.074% | $687.7M | $2.18B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,481.8 | −0.068% | $180.1M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,474.6 | −0.553% | $400K | $433K | 5x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,472.4 | −0.701% | $889K | $15K | 10x | |
| Gate ZEC_USDT | +0.0100% | 8h | 1,481.8 | −0.070% | $53.7M | $172.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,482 | −0.056% | $230.5M | $766.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,480.6 | −0.146% | $105.5M | $53.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,482.2 | −0.044% | $167.2M | $269.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,481.2 | −0.107% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,473.7 | −0.615% | $48.3M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,475 | −0.527% | $556K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,477.9 | −0.328% | $3.0M | $462K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,472.9 | −0.666% | $407K | $926K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,479.1 | −0.247% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,479.5 | −0.223% | $365K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,479.4 | −0.228% | $163K | $183K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,478.6 | −0.283% | $451K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,481.6 | −0.080% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,480.1 | −0.180% | $245K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,481 | −0.121% | $2.5M | $18.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,481.5 | −0.089% | $3.9M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,479.6 | −0.217% | $2.8M | $7.8M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,479.6 | −0.219% | $45K | $153K | 20x | as long as short |
| Lighter RH ZEC | +0.0120% | 1h | 1,481.9 | −0.062% | $2.1M | $7.1M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0145% | 1h | 1,480.1 | −0.185% | $18.1M | $45.7M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,479.9 | −0.192% | $934K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0192% | 1h | 1,481.9 | −0.061% | $19.6M | $44.1M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0393% | 1h | 1,482.5 | −0.022% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,482.2 | −0.038% | $3.7M | $9.3M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,480.9 | −0.130% | $655K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0707% | 1h | 1,476 | −0.458% | $45K | $49K | 10x | as long as short |
Bybit ZECUSDT
Phoenix ZEC
Popdex ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD