Funding you earn now, next payment 04:00 UTC−0.1260%/8h= −138.0% APRpaid last 24h −0.075%
Price spread now: Binance against Hyperliquid+0.031%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.278%+$28 on $10k
+Price spread, last 7 days−0.107%−$11 · spread now +0.031%, 7d avg +0.011%
=Together, before fees+0.171%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.021% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of +0.011%): +$2 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 1 hour. Mind the row above: over the last 7 days funding on this pair paid +0.278%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.278% in total (about 14.5% 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 ZETA | 0.06403 | 0.0010 | pay 0.0001% / 1h | 43m 51s | $1.8M | $4.2M | 3x |
| Short | Binance ZETAUSDT | 0.06405 | −0.1250 | pay 0.0625% / 4h | 43m 51s | $9.5M | $370.9M | 50x |
Hyperliquid ZETA
Binance ZETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$264.67
- Price spread: +0.031% → +0.011%
- $2.06
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$281.61
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Binance: live order book, 15 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, 8 min ago | 12.34 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 3.09 bp | 16.8 bp −$17 | 95.5 bp −$955 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZETAUSD | −0.2175% | 1h | 0.06451 | +0.755% | $51K | $732K | 10x | as long as short |
| KuCoin ZETAUSDTM | −0.1512% | 4h | 0.06410 | +0.109% | $1.2M | $5.9M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.1477% | 4h | 0.06405 | +0.031% | $1.4M | $61.3M | 20x | as long as short |
| Variational Omni ZETA | −0.1268% | 4h | 0.06734 | +5.173% | $130K | $769K | — | as long as short |
| Binance ZETAUSDTshort | −0.1250% | 4h | 0.06405 | +0.031% | $9.5M | $370.9M | 50x | |
| MEXC ZETA_USDT | −0.1246% | 4h | 0.06411 | +0.125% | $1.3M | $12.8M | 50x | as long as short |
| BloFin ZETA-USDT | −0.1198% | 4h | 0.06503 | +1.562% | $444K | $1.5M | 50x | as long as short |
| Gate ZETA_USDT | −0.1036% | 4h | 0.06396 | −0.109% | $696K | $10.8M | 25x | as long as short |
| Bybit ZETAUSDT | −0.0802% | 4h | 0.06403 | 0.000% | $5.7M | $95.7M | 25x | as long as short |
| Hyperliquid ZETAlong | +0.0010% | 1h | 0.06403 | long leg | $1.8M | $4.2M | 3x |
Kraken Futures PF_ZETAUSD
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Variational Omni ZETA
MEXC ZETA_USDT
BloFin ZETA-USDT
Gate ZETA_USDT
Bybit ZETAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +0.890% | $1K | $3K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06393 | −0.156% | $2.5M | $72.1M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.06407 | +0.062% | — | $8.0M | — | as long as short |
Injective ZETA/USDC PERP
Bitget ZETAUSDT
BingX ZETA-USDT