Funding you earn now, next payment 02:00 UTC−0.0486%/8h= −53.2% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against Bitget−0.287%7-day average −0.092% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.334%−$33 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.287%, 7d avg −0.092%
=Together, before fees−0.321%+ Points / potential airdropHyperliquid: Season 2 · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Hyperliquid is 0.195% cheaper against Bitget than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.092%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.334% in total (about -17.4% 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 | Bitget ZETAUSDT | 0.05922 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $2.4M | $66.3M | 50x |
| Short | Hyperliquid ZETA | 0.05905 | −0.0386 | pay 0.0048% / 1h | 24m 29s | $1.6M | $4.0M | 3x |
Bitget ZETAUSDT
Hyperliquid ZETAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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
- −$102.01
- Price spread: −0.287% → −0.092%
- −$19.47
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$142.48
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 5 min ago; Hyperliquid: live order book, 7 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 Bitget live order book, 5 min ago | 1.71 bp | 22.7 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 4.34 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
ZETA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZETAUSDTM | −0.2008% | 4h | 0.05915 | −0.118% | $1.1M | $5.6M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.1978% | 4h | 0.05908 | −0.236% | $1.1M | $52.6M | 20x | as long as short |
| Binance ZETAUSDT | −0.1894% | 4h | 0.05912 | −0.165% | $8.2M | $343.4M | 50x | as long as short |
| MEXC ZETA_USDT | −0.1888% | 4h | 0.05926 | +0.068% | $1.1M | $12.3M | 50x | as long as short |
| BingX ZETA-USDT | −0.1820% | 4h | 0.05917 | −0.084% | — | $7.4M | — | as long as short |
| Gate ZETA_USDT | −0.1660% | 4h | 0.05922 | 0.000% | $614K | $10.6M | 25x | as long as short |
| Variational Omni ZETA | −0.1413% | 4h | 0.05930 | +0.135% | $115K | $757K | — | as long as short |
| Kraken Futures PF_ZETAUSD | −0.0959% | 1h | 0.05894 | −0.473% | $49K | $719K | 10x | as long as short |
| Bybit ZETAUSDT | −0.0888% | 4h | 0.05908 | −0.236% | $5.3M | $88.7M | 25x | as long as short |
| Hyperliquid ZETAshort | −0.0386% | 1h | 0.05905 | −0.287% | $1.6M | $4.0M | 3x |
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Binance ZETAUSDT
MEXC ZETA_USDT
BingX ZETA-USDT
Gate ZETA_USDT
Variational Omni ZETA
Kraken Futures PF_ZETAUSD
Bybit ZETAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +9.085% | $1K | $5K | 5.5x | as long as short |
| Bitget ZETAUSDTlong | +0.0100% | 4h | 0.05922 | long leg | $2.4M | $66.3M | 50x |
Injective ZETA/USDC PERP