Funding you earn now, next payment 02:00 UTC−0.0277%/8h= −30.3% APRpaid last 24h −0.041%
Price spread now: Binance against Hyperliquid−0.154%7-day average −0.051% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 7 days+0.136%+$14 · spread now −0.154%, 7d avg −0.051%
=Together, before fees+0.047%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.103% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.051%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEN | 7.7884 | 0.0377 | pay 0.0047% / 1h | 27m 14s | $2.5M | $1.6M | 5x |
| Short | Binance ZENUSDT | 7.7764 | 0.0100 | get 0.0100% / 8h | 6h 27m | $11.2M | $31.1M | 75x |
Hyperliquid ZEN
Binance ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$58.11
- Price spread: −0.154% → −0.051%
- −$10.33
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$87.44
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Binance: live order book, 14 min ago. Net counts fees only.
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, 4 min ago | 1.36 bp | 14.7 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.31 bp | 14.7 bp −$15 | 45.5 bp −$455 | 242.3 bp −$24.2K | doesn't fit |
ZEN on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZEN-USD | 0.0000% | 1h | 7.7628 | −0.328% | $9K | — | 5x | as long as short |
| Variational Omni ZEN | +0.0062% | 8h | 7.7163 | −0.926% | $52K | $85K | — | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7751 | −0.170% | $56K | $383K | 10x | as long as short |
| Binance ZENUSDTshort | +0.0100% | 8h | 7.7764 | −0.154% | $11.2M | $31.1M | 75x | |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7740 | −0.185% | $4.6M | $6.0M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.7750 | −0.172% | $2.3M | $5.5M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7750 | −0.172% | $12.2M | $5.3M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.7730 | −0.198% | $4.4M | $4.7M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7720 | −0.211% | $2.9M | $3.4M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7690 | −0.249% | — | $3.3M | — | as long as short |
dYdX ZEN-USD
Variational Omni ZEN
Aster ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
KuCoin ZENUSDTM
Bitget ZENUSDT
BingX ZEN-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7440 | −0.570% | $577K | $1.8M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7400 | −0.621% | $26K | $682K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7670 | −0.275% | $2K | $1.4M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.7720 | −0.211% | $28K | $122K | 5x | as long as short |
| Hyperliquid ZENlong | +0.0377% | 1h | 7.7884 | long leg | $2.5M | $1.6M | 5x | |
| Kraken Futures PF_ZENUSD | +0.3184% | 1h | 7.7951 | +0.086% | $510K | $1.0M | 25x | as long as short |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
Kraken Futures PF_ZENUSD