All ZEC pairs

ZEC funding carry: dYdX vs Hyperliquid

Entering and exiting this pair costs 19 bps of notional at taker fees (5 bps at maker). Funding has to pay that back before the trade is worth anything — here is how long that takes.

Right now

Gross funding APR
63.08%
Net APY on $10k
23.97%
Break-even
104.15h
Net positive for
34m
  • Net positive for only 34 min — needs ~104.15h to break even on entry/exit costs.
Short
dydx perp
ZEC/USD
Trade on dydx
Long
hyperliquid perp
ZEC/USDC
Trade on hyperliquid

Last 30 days

Above its costs
12.8% of the time
Net APY when above costs
41.16%
Net APY when below costs
-31.99%
Best single hour
120.08%

Measured on 420 hours of ranking we recorded ourselves.

To keep this comparison honest, 251 outlier samples above 110.00% APY were capped; they are not tradable estimates.

Round-trip cost

Venue Taker Maker Perp instrument
dYdX 5 1 ZEC-USD
Hyperliquid 4.5 1.5 ZEC

Other ZEC pairs

How long funding takes to repay the entry

At a given gross funding APR, this is how many hours you must hold before the position has paid back entry and exit. Below that, a positive APR is still a loss.

Gross funding APR Taker in / out Maker in / out
5% 333h (13d) 88h (3d)
10% 166h (6d) 44h
20% 83h (3d) 22h
50% 33h 9h