Funding you earn now, next payment 04:00 UTC+0.0367%/8h= +40.2% APRpaid last 24h +0.035%
Price spread now: Hyperliquid against Gate+0.216%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$800.801% of the position
Funding, last 7 days+0.117%+$12 on $10k
+Price spread, last 7 days−0.165%−$16 · spread now +0.216%, 7d avg +0.065%
=Together, before fees−0.048%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.151% dearer against Gate than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.065%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.117% in total (about 6.1% 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 | Gate ZRO_USDT | 1.1600 | 0.0100 | pay 0.0050% / 4h | 51m 08s | $1.3M | $1.5M | 75x |
| Short | Hyperliquid ZRO | 1.1625 | 0.0467 | get 0.0058% / 1h | 51m 08s | $36.8M | $5.4M | 5x |
Gate ZRO_USDT
Hyperliquid ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $77.07
- Price spread: +0.216% → +0.065%
- $15.1
- Slippage, 4 orders
- −$56.09
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $12.07
- Costs to cover
- 0.801%
- Break-even
- 5.9 days
Slippage from Gate: live order book, 1 min ago; Hyperliquid: live order book, 12 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 Gate live order book, 1 min ago | 8.61 bp | 23.3 bp −$23 | 80.9 bp −$809 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 2.57 bp | 10.6 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0032% | 1h | 1.1601 | +0.007% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1609 | +0.075% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1602 | +0.017% | $20K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0047% | 4h | 1.1601 | +0.009% | $1.1M | $247K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1625 | +0.218% | $4.3M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1611 | +0.095% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1613 | +0.112% | $135K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1617 | +0.144% | $21.7M | $29.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1597 | −0.026% | $17.7M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1608 | +0.069% | $3.2M | $7.8M | 20x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDTlong | +0.0100% | 4h | 1.1600 | long leg | $1.3M | $1.5M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1610 | +0.086% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1598 | −0.017% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1606 | +0.052% | $2.6M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1606 | +0.052% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1616 | +0.138% | $97K | $196K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1590 | −0.086% | $2.2M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1650 | +0.431% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1616 | +0.138% | $98K | $844K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1600 | 0.000% | $20K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0195% | 1h | 1.1607 | +0.057% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1614 | +0.122% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0383% | 1h | 1.1618 | +0.156% | $255K | $404K | 25x | as long as short |
| Hyperliquid ZROshort | +0.0467% | 1h | 1.1625 | +0.216% | $36.8M | $5.4M | 5x | |
| Extended ZRO-USD | +0.1056% | 1h | 1.1600 | −0.003% | $776K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1670 | +0.603% | $12K | $260K | 12x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP