Funding you earn now, next payment 05:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.104%
Price spread now: OKX against Hyperliquid−0.307%7-day average −0.091% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 7 days+0.286%+$29 · spread now −0.307%, 7d avg −0.091%
=Together, before fees+0.114%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 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 OKX is 0.215% cheaper against Hyperliquid than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.172% in total (about -9.0% 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 | 7.6605 | 0.0349 | pay 0.0044% / 1h | 54m 07s | $2.5M | $1.3M | 5x |
| Short | OKX ZEN-USDT-SWAP | 7.6370 | 0.0077 | get 0.0039% / 4h | 3h 54m | $2.2M | $5.3M | 50x |
Hyperliquid ZEN
OKX ZEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$56.95
- Price spread: −0.307% → −0.091%
- −$21.54
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$97.49
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; OKX: live order book, 4 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, 7 min ago | 1.62 bp | 20.7 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.96 bp | 15.9 bp −$16 | 70.7 bp −$707 | 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 | 7.6706 | +0.132% | $9K | — | 5x | as long as short |
| ApeX Omni ZENUSDT | +0.0056% | 1h | 7.6610 | +0.007% | $27K | $681K | 50x | as long as short |
| KuCoin ZENUSDTM | +0.0068% | 8h | 7.6470 | −0.176% | $4.1M | $4.3M | 50x | as long as short |
| OKX ZEN-USDT-SWAPshort | +0.0077% | 4h | 7.6370 | −0.307% | $2.2M | $5.3M | 50x | |
| Aster ZENUSDT | +0.0100% | 8h | 7.6577 | −0.037% | $49K | $380K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6490 | −0.150% | $11.0M | $30.3M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6410 | −0.255% | $4.5M | $5.9M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6430 | −0.228% | $11.6M | $5.0M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6510 | −0.124% | $2.8M | $3.1M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6500 | −0.137% | — | $3.1M | — | as long as short |
dYdX ZEN-USD
ApeX Omni ZENUSDT
KuCoin ZENUSDTM
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
Bitget ZENUSDT
BingX ZEN-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | +0.0100% | 8h | 7.6502 | −0.135% | $55K | $89K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6600 | −0.006% | $578K | $2.1M | 10x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6470 | −0.176% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6473 | −0.172% | $25K | $147K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6460 | −0.189% | $825K | $1.5M | 75x | as long as short |
| Hyperliquid ZENlong | +0.0349% | 1h | 7.6605 | long leg | $2.5M | $1.3M | 5x | |
| Kraken Futures PF_ZENUSD | +0.2341% | 1h | 7.6620 | +0.020% | $496K | $1.0M | 25x | as long as short |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Kraken Futures PF_ZENUSD