Funding you earn now, next payment 22:00 UTC−0.0237%/8h= −25.9% APRnext payment −$0.30 per $10,000 · paid last 24h +0.021%
Price spread now: Hyperliquid against Nado−0.018%7-day average +0.067% · 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−$57as in the Price arb table
costs, in and out, $10k−$490.485% of the position
Funding, last 3 days (all we have)+0.021%+$2 on $10k
+Price spread, last 7 days−0.333%−$33 · spread now −0.018%, 7d avg +0.067%
=Together, before fees−0.312%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hyperliquid is 0.084% cheaper against Nado than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.067%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.021% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. 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 | Nado ZRO-PERP | 1.1766 | 0.0337 | pay 0.0042% / 1h | 57m 49s | $1.3M | $133K | 5x |
| Short | Hyperliquid ZRO | 1.1764 | 0.0100 | get 0.0013% / 1h | 57m 49s | $37.4M | $7.3M | 5x |
Nado ZRO-PERP
Hyperliquid ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Nado. 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
- −$49.69
- Price spread: −0.018% → +0.067%
- −$8.44
- Slippage, 4 orders
- −$32.54
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$106.68
- Costs to cover
- 0.485%
- Break-even
- never at this rate
Slippage from Nado: live order book, 1 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 Nado live order book, 1 min ago | 2.97 bp | 13.2 bp −$13 | 45.6 bp −$456 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.27 bp | 11.8 bp −$12 | 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 | −0.0256% | 1h | 1.1761 | −0.044% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0036% | 4h | 1.1757 | −0.077% | $21K | $7K | 10x | as long as short |
| OKX ZRO-USDT-SWAP | −0.0024% | 4h | 1.1758 | −0.069% | $3.2M | $9.3M | 20x | as long as short |
| Bybit ZROUSDT | −0.0022% | 4h | 1.1746 | −0.171% | $18.0M | $16.5M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1774 | +0.067% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0085% | 4h | 1.1768 | +0.016% | $1.1M | $265K | 75x | as long as short |
| Hyperliquid ZROshort | +0.0100% | 1h | 1.1764 | −0.018% | $37.4M | $7.3M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1763 | −0.022% | $157K | $165K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1765 | −0.005% | $143K | $201K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1758 | −0.069% | $22.3M | $34.8M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
OKX ZRO-USDT-SWAP
Bybit ZROUSDT
dYdX ZRO-USD
BloFin ZRO-USDT
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1750 | −0.137% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1747 | −0.162% | $19.0M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1764 | −0.018% | $2.5M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1748 | −0.154% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1756 | −0.086% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1752 | −0.120% | $92K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1788 | +0.188% | $2.2M | $892K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1800 | +0.288% | $37K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1771 | +0.042% | $86K | $1.0M | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1745 | −0.179% | $21K | — | 3x | as long as short |
| Extended ZRO-USD | +0.0144% | 1h | 1.1751 | −0.133% | $780K | $557K | 10x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1765 | −0.013% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0319% | 1h | 1.1763 | −0.024% | $249K | $574K | 25x | as long as short |
| Lighter ZRO | +0.0328% | 1h | 1.1760 | −0.050% | $4.7M | $1.1M | 5x | as long as short |
| Nado ZRO-PERPlong | +0.0337% | 1h | 1.1766 | long leg | $1.3M | $133K | 5x | |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1760 | −0.052% | $12K | $145K | 12x | as long as short |
Gate ZRO_USDT
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
Extended ZRO-USD
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Lighter ZRO
Injective ZRO/USDC PERP