Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Hyperliquid against Phemex−0.046%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.401% of the position
Funding, last 7 days+0.244%+$24 on $10k
+Price spread, last 4 days (all we have)−0.206%−$21 · spread now −0.046%, 7d avg −0.004%
=Together, before fees+0.038%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 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: Hyperliquid is 0.042% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,518.3 | 0.0100 | pay 0.0100% / 8h | 7h 51m | $4.1M | $4.9M | 50x |
| Short | Hyperliquid ZEC | 1,517.6 | 0.0100 | get 0.0013% / 1h | 51m 07s | $794.1M | $447.6M | 10x |
Phemex ZECUSDT
Hyperliquid ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Phemex. 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: −0.046% → −0.004%
- −$4.17
- Slippage, 4 orders
- −$19.12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$44.3
- Costs to cover
- 0.401%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Hyperliquid: live order book, 13 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 Phemex live order book, 3 min ago | 3.96 bp | 12.2 bp −$12 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 0.33 bp | 4.8 bp −$5 | 5.9 bp −$59 | 12.3 bp −$1,232 | 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 | −0.3702% | 1h | 1,494.3 | −1.580% | $36K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0463% | 1h | 1,515.3 | −0.200% | $779K | $147K | 10x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,517.3 | −0.067% | $62K | $305K | 10x | as long as short |
| ApeX Omni ZECUSDT | −0.0275% | 1h | 1,515.6 | −0.180% | $416K | $951K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0148% | 8h | 1,518.3 | −0.001% | $31.8M | $77.2M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0125% | 1h | 1,515 | −0.215% | $48K | $59K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,517.4 | −0.063% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,516.4 | −0.127% | $421K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,517.7 | −0.038% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,518.3 | 0.000% | $5.4M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
Perpl ZEC
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,518.9 | +0.040% | $18.4M | $47.8M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,518 | −0.018% | $8K | $6K | 5x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,514.7 | −0.240% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,518.7 | +0.024% | $307K | $861K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,519.3 | +0.065% | $19.6M | $44.4M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,519.5 | +0.080% | $2.1M | $7.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,518.5 | +0.016% | $173K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,517 | −0.087% | $63K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,518 | −0.018% | $16K | $901K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,518.1 | −0.012% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZECshort | +0.0100% | 1h | 1,517.6 | −0.046% | $794.1M | $447.6M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,517.6 | −0.048% | $14.2M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,517 | −0.085% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,518.1 | −0.012% | $717.2M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,516.7 | −0.103% | $273.6M | $630.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,517.2 | −0.075% | $183.9M | $1.38B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,516.8 | −0.099% | $413K | $555K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,518.2 | −0.007% | $597K | $9.0M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,517.1 | −0.078% | $60.2M | $183.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,515.9 | −0.161% | $414.2M | $827.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,517.8 | −0.032% | $103.7M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,517.2 | −0.072% | $163.9M | $294.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,515.9 | −0.161% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,509.2 | −0.600% | $49.7M | $35.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,514 | −0.282% | $565K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,516.8 | −0.097% | $3.1M | $519K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,517.1 | −0.076% | $51K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,518.7 | +0.026% | $377K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,518.4 | +0.008% | $170K | $194K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,512.3 | −0.394% | $452K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,520.3 | +0.130% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,518.4 | +0.003% | $257K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,517.1 | −0.080% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,518.3 | long leg | $4.1M | $4.9M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,518.5 | +0.014% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,518.5 | +0.012% | $43K | $150K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0154% / S −0.0155% | 1h | 1,518.4 | +0.006% | $337K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,518.4 | +0.008% | $968K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0219% | 1h | 1,519.6 | +0.088% | $694K | $1.4M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,518.7 | +0.024% | $3.7M | $9.9M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0539% | 1h | 1,518.1 | −0.013% | $2.4M | $3.8M | 15x | as long as short |
Kraken Futures PF_ZECUSD
01 Exchange ZECUSD
Phoenix ZEC
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
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
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP