Funding you earn now, next payment 01:00 UTC+0.1564%/8h= +171.3% APRpaid last 24h +0.106%
Price spread now: Hyperliquid against Binance+0.090%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$900.904% of the position
Funding, last 7 days−0.248%−$25 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now +0.090%, 7d avg −0.006%
=Together, before fees−0.268%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Hyperliquid is 0.096% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.248%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.248% in total (about -12.9% 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 | Binance ZETAUSDT | 0.05857 | −0.2041 | get 0.1021% / 4h | 3h 06m | $8.1M | $331.8M | 50x |
| Short | Hyperliquid ZETA | 0.05862 | −0.0477 | pay 0.0060% / 1h | 6m 53s | $1.6M | $3.9M | 3x |
Binance ZETAUSDT
Hyperliquid ZETAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $328.53
- Price spread: +0.090% → −0.006%
- $9.61
- Slippage, 4 orders
- −$71.41
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $247.73
- Costs to cover
- 0.904%
- Break-even
- 1.7 days
Slippage from Binance: live order book, 7 min ago; Hyperliquid: live order book, 5 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 Binance live order book, 7 min ago | 1.71 bp | 18.6 bp −$19 | 52.9 bp −$529 | 465.5 bp −$46.5K | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 4.24 bp | 25.5 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
ZETA on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZETA_USDT | −0.2780% | 4h | 0.05860 | +0.056% | $608K | $10.2M | 25x | as long as short |
| Kraken Futures PF_ZETAUSD | −0.2770% | 1h | 0.05879 | +0.378% | $48K | $712K | 10x | as long as short |
| MEXC ZETA_USDT | −0.2042% | 4h | 0.05860 | +0.056% | $1.1M | $12.2M | 50x | as long as short |
| Binance ZETAUSDTlong | −0.2041% | 4h | 0.05857 | long leg | $8.1M | $331.8M | 50x | |
| BloFin ZETA-USDT | −0.2038% | 4h | 0.05878 | +0.363% | $391K | $1.2M | 50x | as long as short |
| BingX ZETA-USDT | −0.1952% | 4h | 0.05857 | +0.005% | — | $7.2M | — | as long as short |
| OKX ZETA-USDT-SWAP | −0.1946% | 4h | 0.05852 | −0.081% | $1.1M | $50.3M | 20x | as long as short |
| KuCoin ZETAUSDTM | −0.1874% | 4h | 0.05870 | +0.227% | $1.2M | $5.5M | 20x | as long as short |
| Variational Omni ZETA | −0.1576% | 4h | 0.05896 | +0.662% | $110K | $748K | — | as long as short |
| Bybit ZETAUSDT | −0.1345% | 4h | 0.05849 | −0.132% | $5.1M | $85.7M | 25x | as long as short |
Gate ZETA_USDT
Kraken Futures PF_ZETAUSD
MEXC ZETA_USDT
BloFin ZETA-USDT
BingX ZETA-USDT
OKX ZETA-USDT-SWAP
KuCoin ZETAUSDTM
Variational Omni ZETA
Bybit ZETAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETAshort | −0.0477% | 1h | 0.05862 | +0.090% | $1.6M | $3.9M | 3x | |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +10.300% | $1K | $5K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05855 | −0.030% | $2.2M | $63.9M | 50x | as long as short |
Injective ZETA/USDC PERP
Bitget ZETAUSDT