ZORA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.022%

Price spread now: Hyperliquid against GMX+0.129%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Hyperliquid is 0.129% dearer against GMX than usual: you sell high and buy low (spread +0.129% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ZORA/USD [ETH-USDC]	0.008535	L +0.0231% / S −0.0433%	pay 0.0029% / 1h	39m 35s	$1K	—	100x
Short	Hyperliquid ZORA	0.008546	0.0204	get 0.0026% / 1h	39m 35s	$1.6M	$318K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. 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 GMXbpFee HyperliquidbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$5.65
Price spread: +0.129% → 0.000%: $12.89
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$13.76
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 1 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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 1 min ago	2.34 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

GMX: 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.

ZORA 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
dYdX ZORA-USD	0.0000%	1h	0.008534	−0.015%	$294	$19	5x	as long as short
BingX ZORA-USDT	+0.0070%	4h	0.008530	−0.059%	—	$6.6M	—	as long as short
Lighter ZORA	+0.0096%	1h	0.008525	−0.117%	$23K	$22K	3x	as long as short
Aster ZORAUSDT	+0.0100%	4h	0.008539	+0.052%	$26K	$15K	5x	as long as short
Binance ZORAUSDT	+0.0100%	4h	0.008528	−0.082%	$2.5M	$4.5M	50x	as long as short
Bybit ZORAUSDT	+0.0100%	4h	0.008514	−0.246%	$2.4M	$1.8M	25x	as long as short
OKX ZORA-USDT-SWAP	+0.0100%	4h	0.008520	−0.176%	$771K	$1.0M	10x	as long as short
Gate ZORA_USDT	+0.0100%	4h	0.008530	−0.059%	$156K	$89K	25x	as long as short
MEXC ZORA_USDT	+0.0100%	4h	0.008529	−0.070%	$9.9M	$227K	50x	as long as short
KuCoin ZORAUSDTM	+0.0100%	4h	0.008537	+0.023%	$755K	$1.6M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZORAUSDT	+0.0100%	4h	0.008538	+0.035%	$701K	$311K	25x	as long as short
Backpack ZORA_USDC_PERP	+0.0100%	1h	0.008536	+0.012%	$35K	$110K	10x	as long as short
Variational Omni ZORA	+0.0100%	4h	0.008536	+0.016%	$127K	$25K	—	as long as short
SunX ZORA-USDT	+0.0100%	4h	0.008720	+2.168%	$2K	$1.4M	20x	as long as short
Extended ZORA-USD	+0.0104%	1h	0.008524	−0.127%	$6K	$202K	5x	as long as short
Hyperliquid ZORAshort	+0.0204%	1h	0.008546	+0.129%	$1.6M	$318K	3x
GMX ZORA/USD [ETH-USDC]long	L +0.0231% / S −0.0433%	1h	0.008535	long leg	$1K	—	100x