Funding you earn now, next payment 03:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.021%
Price spread now: BloFin against Hyperliquid−0.313%47s7-day average −0.151% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.313%, 7d avg −0.151%
=Together, before fees+0.284%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.162% cheaper against Hyperliquid than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.151%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.128%, so the current rate has only just turned against you. The two prices were read 47 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 ZEN | 7.7202 | 0.0332 | pay 0.0042% / 1h | 36m 19s | $2.5M | $1.4M | 5x |
| Short | BloFin ZEN-USDT | 7.6960 | 0.0220 | get 0.0220% / 8h | 5h 36m | $848K | $1.6M | 75x |
Hyperliquid ZEN
BloFin ZEN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$23.61
- Price spread: −0.313% → −0.151%
- −$16.2
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$60.81
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; BloFin: live order book, 6 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, 5 min ago | 1.17 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 3.23 bp | 12.4 bp −$12 | 32.5 bp −$325 | doesn't fit | doesn't fit |
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 | 7.7048 | −0.200% | $9K | — | 5x | as long as short |
| Variational Omni ZEN | +0.0095% | 8h | 7.6940 | −0.339% | $51K | $83K | — | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7007 | −0.253% | $53K | $375K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7147 | −0.072% | $11.2M | $30.0M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7060 | −0.184% | $4.6M | $5.8M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.7070 | −0.171% | $2.3M | $5.4M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7150 | −0.067% | $12.0M | $5.0M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.7030 | −0.223% | $4.1M | $4.6M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7090 | −0.145% | $2.9M | $3.2M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7060 | −0.184% | — | $3.2M | — | as long as short |
dYdX ZEN-USD
Variational Omni ZEN
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
KuCoin ZENUSDTM
Bitget ZENUSDT
BingX ZEN-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6867 | −0.434% | $575K | $1.9M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6870 | −0.430% | $26K | $685K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7080 | −0.158% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.7098 | −0.135% | $25K | $127K | 5x | as long as short |
| BloFin ZEN-USDTshort | +0.0220% | 8h | 7.6960 | −0.313% | $848K | $1.6M | 75x | |
| Hyperliquid ZENlong | +0.0332% | 1h | 7.7202 | long leg | $2.5M | $1.4M | 5x | |
| Kraken Futures PF_ZENUSD | +0.3175% | 1h | 7.7387 | +0.239% | $506K | $1.0M | 25x | as long as short |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
Kraken Futures PF_ZENUSD