After costs, if the gap returns to its 7d average, $10k−$73
spread now−0.095%7d average−0.131%fees + slippage, in and out−$76spread needed0.763%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZK | 0.01155 | 0.0100 | pay 0.0013% / 1h | 56m 50s | $565K | $265K | 5x |
| Short | Bybit ZKUSDT | 0.01154 | 0.0100 | get 0.0050% / 4h | 1h 56m | $4.9M | $2.8M | 25x |
Hyperliquid ZK
Bybit ZKUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$9.52
- Funding while held
- $0
- Slippage, 4 orders
- −$56.34
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$85.87
- Spread needed to break even
- 0.763%
Slippage from Hyperliquid: live order book, 4 min ago; Bybit: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- Average in range /8h
- —
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, 4 min ago | 1.30 bp | 18.6 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.04 bp | 20.7 bp −$21 | 94.2 bp −$942 | doesn't fit | doesn't fit |
ZK price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.01152cheapestVariational Omni0.01153+0.083%BloFin0.01153+0.087%
ApeX Omni
Variational Omni
BloFinBybit0.01154+0.165%
Pacifica0.01154+0.174%OKX0.01154+0.174%Gate0.01154+0.174%Bitget0.01154+0.174%BingX0.01154+0.208%Binance0.01155+0.225%
Pacifica
OKX
Gate
Bitget
BingX
BinanceHyperliquid0.01155+0.260%
KuCoin0.01155+0.260%Aster0.01156+0.326%Lighter0.01156+0.339%Kraken Futures0.01156+0.361%Injective0.01170+1.563%
KuCoin
Aster
Lighter
Kraken Futures
InjectiveZK on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni ZKUSDT | −0.260% | +0.0100% | 1h | $8K | $614K | 50x | as long as short |
| Variational Omni ZK | −0.177% | +0.0100% | 4h | $56K | $20K | — | as long as short |
| BloFin ZK-USDT | −0.173% | +0.0078% | 4h | $218K | $49K | 75x | as long as short |
| Bybit ZKUSDTshort | −0.095% | +0.0100% | 4h | $4.9M | $2.8M | 25x | |
| Pacifica ZK | −0.087% | +0.0100% | 1h | $29K | $3K | 5x | as long as short |
| OKX ZK-USDT-SWAP | −0.087% | +0.0100% | 4h | $952K | $2.4M | 20x | as long as short |
| Gate ZK_USDT | −0.087% | +0.0100% | 8h | $320K | $272K | 50x | as long as short |
| Bitget ZKUSDT | −0.087% | +0.0100% | 4h | $1.4M | $929K | 75x | as long as short |
| BingX ZK-USDT | −0.052% | +0.0100% | 4h | — | $6.7M | — | as long as short |
| Binance ZKUSDT | −0.035% | +0.0100% | 4h | $4.6M | $10.6M | 75x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid ZKlong | 0.000% | +0.0100% | 1h | $565K | $265K | 5x | |
| KuCoin ZKUSDTM | 0.000% | +0.0100% | 4h | $995K | $1.1M | 50x | as long as short |
| Aster ZKUSDT | +0.065% | +0.0100% | 4h | $31K | $27K | 10x | as long as short |
| Lighter ZK | +0.078% | +0.0096% | 1h | $113K | $157K | 8x | as long as short |
| Kraken Futures PF_ZKUSD | +0.100% | +0.1236% | 1h | $191K | $43K | 25x | as long as short |
| Injective ZK/USDC PERP | +1.299% | +0.0033% | 1h | $2K | $31K | 5.5x | as long as short |