Funding you earn now, next payment 00:00 UTC−0.0664%/8h= −72.7% APRpaid last 24h −0.031%
Price spread now: BloFin against Hyperliquid+0.667%47s7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$960.958% of the position
Funding, last 7 days+0.330%+$33 on $10k
+Price spread, last 3 days (all we have)−0.453%−$45 · spread now +0.667%, 7d avg −0.033%
=Together, before fees−0.122%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.701% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.667% now, against its 7-day average of −0.033%): +$70 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 3.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.330%, so the current rate has only just turned against you. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.330% in total (about 17.2% 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 | 0.05845 | −0.0314 | get 0.0039% / 1h | 24m 19s | $1.7M | $3.8M | 3x |
| Short | BloFin ZETA-USDT | 0.05884 | −0.0978 | pay 0.0489% / 4h | 24m 19s | $408K | $1.0M | 50x |
Hyperliquid ZETA
BloFin ZETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$139.35
- Price spread: +0.667% → −0.033%
- $70.06
- Slippage, 4 orders
- −$74.76
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$165.05
- Costs to cover
- 0.958%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; BloFin: live order book, 3 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 Hyperliquid live order book, 7 min ago | 3.37 bp | 36.2 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 8.55 bp | 18.2 bp −$18 | 43.6 bp −$436 | 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 | −0.1444% | 4h | 0.05852 | +0.120% | $579K | $9.6M | 25x | as long as short |
| Binance ZETAUSDT | −0.1041% | 4h | 0.05852 | +0.120% | $8.2M | $310.9M | 50x | as long as short |
| MEXC ZETA_USDT | −0.1022% | 4h | 0.05845 | 0.000% | $1.3M | $11.7M | 50x | as long as short |
| BloFin ZETA-USDTshort | −0.0978% | 4h | 0.05884 | +0.667% | $408K | $1.0M | 50x | |
| OKX ZETA-USDT-SWAP | −0.0947% | 4h | 0.05846 | +0.017% | $1.1M | $46.1M | 20x | as long as short |
| BingX ZETA-USDT | −0.0936% | 4h | 0.05848 | +0.051% | — | $6.8M | — | as long as short |
| KuCoin ZETAUSDTM | −0.0778% | 4h | 0.05845 | 0.000% | $1.1M | $5.2M | 20x | as long as short |
| Variational Omni ZETA | −0.0751% | 4h | 0.05847 | +0.031% | $135K | $712K | — | as long as short |
| Bybit ZETAUSDT | −0.0505% | 4h | 0.05842 | −0.051% | $5.0M | $80.1M | 25x | as long as short |
| Hyperliquid ZETAlong | −0.0314% | 1h | 0.05845 | long leg | $1.7M | $3.8M | 3x |
Gate ZETA_USDT
Binance ZETAUSDT
MEXC ZETA_USDT
OKX ZETA-USDT-SWAP
BingX ZETA-USDT
KuCoin ZETAUSDTM
Variational Omni ZETA
Bybit ZETAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZETAUSD | −0.0192% | 1h | 0.05832 | −0.223% | $60K | $656K | 10x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +10.522% | $1K | $5K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05848 | +0.051% | $2.2M | $59.0M | 50x | as long as short |
Kraken Futures PF_ZETAUSD
Injective ZETA/USDC PERP
Bitget ZETAUSDT