ZK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.017%

Price spread now: Injective against Hyperliquid−0.034%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.034% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ZK	0.01170	0.0100	pay 0.0013% / 1h	25m 18s	$587K	$238K	5x
Short	Injective ZK/USDC PERP	0.01170	0.0033	get 0.0004% / 1h	25m 18s	$2K	$31K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee InjectivebpOrdersPrice spread, now −0.034%Rate

Funding earned: −$14
Price spread: −0.034% → 0.000%: −$3.42
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$26.44
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 59 min ago; Injective: no order-book sample. 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, 59 min ago	1.70 bp	16.9 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZK on 17 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
Injective ZK/USDC PERPshort	+0.0033%	1h	0.01170	−0.034%	$2K	$31K	5.5x
BloFin ZK-USDT	+0.0094%	4h	0.01169	−0.085%	$212K	$35K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01171	+0.043%	$119K	$159K	8x	as long as short
Hyperliquid ZKlong	+0.0100%	1h	0.01170	long leg	$587K	$238K	5x
Aster ZKUSDT	+0.0100%	4h	0.01169	−0.111%	$36K	$19K	10x	as long as short
Pacifica ZK	+0.0100%	1h	0.01169	−0.120%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01169	−0.110%	$4.7M	$9.9M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01168	−0.197%	$5.0M	$2.7M	25x	as long as short
OKX ZK-USDT-SWAP	+0.0100%	4h	0.01168	−0.231%	$951K	$2.3M	20x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01168	−0.205%	$317K	$256K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01169	−0.120%	$992K	$958K	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01169	−0.120%	$1.5M	$852K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01168	−0.162%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01168	−0.170%	$57K	$20K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01169	−0.139%	$155K	$2.9M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01169	−0.120%	$8K	$621K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1488%	1h	0.01172	+0.173%	$194K	$44K	25x	as long as short