Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.055%
Price spread now: dYdX against Hyperliquid−0.465%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.465% cheaper against Hyperliquid than usual: you would sell low and buy high (−$46 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEN | 7.7137 | 0.0100 | pay 0.0013% / 1h | 22m 27s | $2.4M | $1.9M | 5x |
| Short | dYdX ZEN-USD | 7.6778 | 0 | get 0.0000% / 1h | 22m 27s | $9K | — | 5x |
Hyperliquid ZEN
dYdX ZEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: −0.465% → 0.000%
- −$46.48
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$86.48
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; dYdX: no order-book sample. 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, 9 min ago | 1.63 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | −0.0103% | 8h | 7.6982 | −0.201% | $51K | $154K | — | as long as short |
| OKX ZEN-USDT-SWAP | −0.0045% | 4h | 7.6940 | −0.255% | $2.3M | $5.9M | 50x | as long as short |
| dYdX ZEN-USDshort | 0.0000% | 1h | 7.6778 | −0.465% | $9K | — | 5x | |
| Binance ZENUSDT | +0.0028% | 8h | 7.6973 | −0.213% | $11.0M | $32.3M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0031% | 8h | 7.6960 | −0.229% | $12.1M | $6.1M | 200x | as long as short |
| Extended ZEN-USD | +0.0032% | 1h | 7.6870 | −0.346% | $25K | $110K | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0041% | 8h | 7.6880 | −0.333% | $4.3M | $5.2M | 50x | as long as short |
| Bitget ZENUSDT | +0.0042% | 8h | 7.6940 | −0.255% | $2.8M | $3.5M | 50x | as long as short |
| Aster ZENUSDT | +0.0078% | 8h | 7.6828 | −0.401% | $54K | $381K | 10x | as long as short |
| Hyperliquid ZENlong | +0.0100% | 1h | 7.7137 | long leg | $2.4M | $1.9M | 5x |
Variational Omni ZEN
OKX ZEN-USDT-SWAP
Binance ZENUSDT
MEXC ZEN_USDT
Extended ZEN-USD
KuCoin ZENUSDTM
Bitget ZENUSDT
Aster ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZENUSDT | +0.0100% | 8h | 7.6920 | −0.281% | $4.6M | $6.9M | 75x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6900 | −0.307% | — | $3.4M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6967 | −0.220% | $586K | $1.6M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6940 | −0.255% | $27K | $682K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6770 | −0.476% | $2K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0126% | 8h | 7.6720 | −0.541% | $833K | $1.9M | 75x | as long as short |
| Kraken Futures PF_ZENUSD | +0.1130% | 1h | 7.6994 | −0.186% | $495K | $1.1M | 25x | as long as short |
Bybit ZENUSDT
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Kraken Futures PF_ZENUSD