Funding you earn now, next payment 05:00 UTC+0.0424%/8h= +46.4% APRpaid last 24h +0.038%
Price spread now: Hyperliquid against BingX+0.145%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$420.415% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 7 days−0.100%−$10 · spread now +0.145%, 7d avg +0.094%
=Together, before fees−0.002%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hyperliquid is 0.051% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.094%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.1% 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 | BingX ZRO-USDT | 1.1698 | 0.0100 | pay 0.0050% / 4h | 3h 07m | — | $16.6M | — |
| Short | Hyperliquid ZRO | 1.1715 | 0.0524 | get 0.0065% / 1h | 7m 54s | $37.2M | $5.5M | 5x |
BingX ZRO-USDT
Hyperliquid ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $88.98
- Price spread: +0.145% → +0.094%
- $5.14
- Slippage, 4 orders
- −$22.54
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $52.57
- Costs to cover
- 0.415%
- Break-even
- 2.9 days
Slippage from BingX: live order book, 15 min ago; Hyperliquid: live order book, 5 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 BingX live order book, 15 min ago | 2.56 bp | 9.7 bp −$10 | 14.6 bp −$146 | 21.1 bp −$2,115 | 47.9 bp −$24.0K |
| Sell Hyperliquid live order book, 5 min ago | 2.55 bp | 10.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
ZRO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZRO_USDC | +0.0052% | 4h | 1.1708 | +0.085% | $20K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0072% | 4h | 1.1692 | −0.051% | $1.1M | $249K | 75x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1712 | +0.123% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1700 | +0.017% | $136K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1704 | +0.051% | $22.0M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1699 | +0.009% | $17.9M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1709 | +0.094% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1700 | +0.017% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1704 | +0.051% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1695 | −0.026% | $2.3M | $2.0M | 50x | as long as short |
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTMShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZROUSDT | +0.0100% | 4h | 1.1699 | +0.009% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDTlong | +0.0100% | 4h | 1.1698 | long leg | — | $16.6M | — | |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1703 | +0.043% | $96K | $221K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1715 | +0.148% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1760 | +0.530% | $39K | $677K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1710 | +0.103% | $99K | $844K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1701 | +0.027% | $21K | — | 3x | as long as short |
| Lighter ZRO | +0.0112% | 1h | 1.1730 | +0.276% | $4.4M | $1.2M | 5x | as long as short |
| dYdX ZRO-USD | +0.0131% | 1h | 1.1699 | +0.008% | $21K | $4K | 5x | as long as short |
| Nado ZRO-PERP | +0.0212% | 1h | 1.1702 | +0.036% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1705 | +0.058% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0328% | 1h | 1.1700 | +0.021% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0463% | 1h | 1.1716 | +0.155% | $256K | $355K | 25x | as long as short |
| Hyperliquid ZROshort | +0.0524% | 1h | 1.1715 | +0.145% | $37.2M | $5.5M | 5x | |
| Extended ZRO-USD | +0.1032% | 1h | 1.1708 | +0.086% | $804K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1800 | +0.872% | $12K | $261K | 12x | as long as short |
Bitget ZROUSDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Lighter ZRO
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP