Funding you earn now, next payment 23:00 UTC+0.0090%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h −0.056%
Price spread now: RISEx against Hyperliquid−0.032%50s7-day average −0.007% · 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—prices read too far apart to compare
costs, in and out, $10k−$180.184% of the position
Funding, last 3 days (all we have)+0.089%+$9 on $10k
+Price spread, last 7 days−0.025%−$3 · spread now −0.032%, 7d avg −0.007%
=Together, before fees+0.064%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.025% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of −0.007%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day). The two prices were read 50 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 ZEC | 1,466.3 | 0.0100 | pay 0.0013% / 1h | 17m 47s | $760.9M | $478.6M | 10x |
| Short | RISEx ZEC/USDC | 1,465.8 | 0.0190 | get 0.0024% / 1h | 17m 47s | $842K | $1.3M | 10x |
Hyperliquid ZEC
RISEx ZEC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $18.84
- Price spread: −0.032% → −0.007%
- −$2.51
- Slippage, 4 orders
- −$3.42
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$2.09
- Costs to cover
- 0.184%
- Break-even
- 7.8 days
Slippage from Hyperliquid: live order book, 6 min ago; RISEx: live order book, 1 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, 6 min ago | 0.34 bp | 4.8 bp −$5 | 5.4 bp −$54 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 1 min ago | 0.72 bp | 3.7 bp −$4 | 7.6 bp −$76 | doesn't fit | doesn't fit |
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 | −0.3310% | 1h | 1,465.3 | −0.065% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,465 | −0.087% | $17.8M | $44.6M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0244% | 1h | 1,463 | −0.225% | $397K | $514K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0099% | 8h | 1,465.8 | −0.033% | $29.2M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,465.9 | −0.028% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0067% | 8h | 1,463.8 | −0.172% | $270.7M | $666.6M | 75x | as long as short |
| Variational Omni ZEC | −0.0030% | 8h | 1,462.2 | −0.277% | $46.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,465.6 | −0.047% | $413K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.1 | +0.121% | $887K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,465.5 | −0.057% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,465.5 | −0.054% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0012% | 8h | 1,464.9 | −0.094% | $292K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0009% | 1h | 1,465.2 | −0.072% | $355K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0042% | 8h | 1,464.6 | −0.115% | $49.7M | $186.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0045% | 8h | 1,464.4 | −0.130% | $176.8M | $1.34B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,465 | −0.090% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,465 | −0.089% | $4.6M | $1.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0079% | 1h | 1,466 | −0.023% | $596K | $1.3M | 25x | as long as short |
| ApeX Omni ZECUSDT | +0.0084% | 1h | 1,463.5 | −0.190% | $429K | $823K | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,465 | −0.086% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,465.5 | −0.055% | $14K | $827K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,464.8 | −0.103% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,466.2 | −0.005% | $2.5M | $6.8M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,466.3 | long leg | $760.9M | $478.6M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,464.8 | −0.105% | $15.6M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,465.5 | −0.055% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,464.8 | −0.104% | $675.4M | $2.47B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.161% | $903K | $27K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,464.8 | −0.104% | $222.4M | $867.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,465.2 | −0.078% | $103.6M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,465 | −0.091% | $162.5M | $304.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,464.7 | −0.109% | — | $102.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,463 | −0.225% | $511K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,464.2 | −0.145% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,463.9 | −0.164% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,465 | −0.089% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,464.9 | −0.098% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,463.6 | −0.184% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467.3 | +0.067% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,465 | −0.086% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465.7 | −0.044% | $2.5M | $23.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,465.8 | −0.037% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,465.1 | −0.079% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,464.9 | −0.096% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0128% | 1h | 1,466.3 | −0.001% | $19.0M | $52.7M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0176% | 1h | 1,465.6 | −0.045% | $2.3M | $3.7M | 15x | as long as short |
| RISEx ZEC/USDCshort | +0.0190% | 1h | 1,465.8 | −0.032% | $842K | $1.3M | 10x | |
| Lighter RH ZEC | +0.0400% | 1h | 1,467.2 | +0.063% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,468.2 | +0.132% | $3.7M | $11.4M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,466.6 | +0.023% | $726K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0580% | 1h | 1,466 | −0.020% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
ApeX Omni ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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 ZEC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD