Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.044%
Price spread now: BingX against Hyperliquid−0.175%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$750.746% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days+0.166%+$17 · spread now −0.175%, 7d avg −0.080%
=Together, before fees+0.121%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 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: BingX is 0.095% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEN | 7.7536 | 0.0100 | pay 0.0013% / 1h | 19m 43s | $2.4M | $1.3M | 5x |
| Short | BingX ZEN-USDT | 7.7400 | 0.0100 | get 0.0100% / 8h | 2h 19m | — | $3.1M | — |
Hyperliquid ZEN
BingX ZEN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.175% → −0.080%
- −$9.52
- Slippage, 4 orders
- −$55.63
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$84.15
- Costs to cover
- 0.746%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 1 min ago; BingX: live order book, 15 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, 1 min ago | 2.39 bp | 13.0 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 4.60 bp | 18.2 bp −$18 | 47.7 bp −$477 | 168.2 bp −$16.8K | 434.2 bp −$217.1K |
ZEN on 17 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 | 7.7331 | −0.264% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0060% | 4h | 7.7420 | −0.150% | $2.3M | $5.3M | 50x | as long as short |
| KuCoin ZENUSDTM | +0.0071% | 8h | 7.7400 | −0.175% | $4.1M | $4.1M | 50x | as long as short |
| Hyperliquid ZENlong | +0.0100% | 1h | 7.7536 | long leg | $2.4M | $1.3M | 5x | |
| Aster ZENUSDT | +0.0100% | 8h | 7.7422 | −0.147% | $43K | $389K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7413 | −0.158% | $11.1M | $29.9M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7360 | −0.227% | $4.5M | $5.7M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7410 | −0.163% | $11.7M | $4.9M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7400 | −0.175% | $2.9M | $3.1M | 50x | as long as short |
| BingX ZEN-USDTshort | +0.0100% | 8h | 7.7400 | −0.175% | — | $3.1M | — |
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | +0.0100% | 8h | 7.6882 | −0.844% | $55K | $88K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6410 | −1.452% | $578K | $2.5M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6300 | −1.594% | $26K | $678K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7280 | −0.330% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.7391 | −0.187% | $25K | $136K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6940 | −0.769% | $827K | $1.5M | 75x | as long as short |
| Kraken Futures PF_ZENUSD | +0.3063% | 1h | 7.7429 | −0.138% | $495K | $1.0M | 25x | as long as short |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Kraken Futures PF_ZENUSD