Funding you earn now, next payment 22:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h −0.014%
Price spread now: Nado against Hyperliquid−0.152%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 3 days (all we have)−0.019%−$2 on $10k
+Price spread, last 7 days+0.397%+$40 · spread now −0.152%, 7d avg −0.074%
=Together, before fees+0.377%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.078% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.152% now, against its 7-day average of −0.074%). If the spread goes back, that is −$8 on $10k: about 3.2 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZRO | 1.1827 | 0.0100 | pay 0.0013% / 1h | 39m 47s | $37.6M | $6.9M | 5x |
| Short | Nado ZRO-PERP | 1.1809 | 0.0181 | get 0.0023% / 1h | 39m 47s | $1.3M | $131K | 5x |
Hyperliquid ZRO
Nado ZRO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Hyperliquid. 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
- $17
- Price spread: −0.152% → −0.074%
- −$7.82
- Slippage, 4 orders
- −$31.97
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$38.79
- Costs to cover
- 0.480%
- Break-even
- 23.0 days
Slippage from Hyperliquid: live order book, 3 min ago; Nado: live order book, 4 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 Hyperliquid live order book, 3 min ago | 1.27 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 2.12 bp | 11.1 bp −$11 | 28.8 bp −$288 | 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 | −0.0360% | 1h | 1.1804 | −0.196% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0048% | 4h | 1.1813 | −0.118% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1810 | −0.142% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0036% | 4h | 1.1810 | −0.143% | $3.2M | $9.1M | 20x | as long as short |
| Bybit ZROUSDT | +0.0073% | 4h | 1.1805 | −0.185% | $18.1M | $16.0M | 50x | as long as short |
| BloFin ZRO-USDT | +0.0092% | 4h | 1.1809 | −0.151% | $1.1M | $265K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1823 | −0.034% | $4.6M | $1.2M | 5x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1802 | −0.214% | $2.3M | $879K | — | as long as short |
| Hyperliquid ZROlong | +0.0100% | 1h | 1.1827 | long leg | $37.6M | $6.9M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1831 | +0.035% | $158K | $162K | 10x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
Bybit ZROUSDT
BloFin ZRO-USDT
Lighter ZRO
Variational Omni ZRO
Aster ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ZRO | +0.0100% | 1h | 1.1809 | −0.151% | $144K | $197K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1816 | −0.088% | $22.4M | $34.0M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | −0.227% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1820 | −0.058% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1814 | −0.109% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1813 | −0.118% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1810 | −0.143% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1826 | −0.008% | $92K | $203K | 20x | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1790 | −0.312% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1821 | −0.050% | $87K | $996K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1810 | −0.143% | $21K | — | 3x | as long as short |
| Nado ZRO-PERPshort | +0.0181% | 1h | 1.1809 | −0.152% | $1.3M | $131K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1822 | −0.039% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0317% | 1h | 1.1823 | −0.032% | $250K | $577K | 25x | as long as short |
| Extended ZRO-USD | +0.0888% | 1h | 1.1810 | −0.141% | $780K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1850 | +0.195% | $12K | $145K | 12x | as long as short |
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP