Funding you earn now, next payment 00:00 UTC−0.0160%/8h= −17.6% APRnext payment −$0.20 per $10,000 · paid last 24h −0.061%
Price spread now: Nado against Hyperliquid−0.178%7-day average −0.030% · 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−$34as in the Price arb table
costs, in and out, $10k−$200.196% of the position
Funding, last 3 days (all we have)−0.060%−$6 on $10k
+Price spread, last 7 days+0.211%+$21 · spread now −0.178%, 7d avg −0.030%
=Together, before fees+0.152%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.148% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BNB | 803.68 | 0.0260 | pay 0.0033% / 1h | 48m 40s | $52.0M | $21.4M | 10x |
| Short | Nado BNB-PERP | 802.25 | 0.0100 | get 0.0012% / 1h | 48m 40s | $1.4M | $2.7M | 20x |
Hyperliquid BNB
Nado BNB-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
- −$33.67
- Price spread: −0.178% → −0.030%
- −$14.84
- Slippage, 4 orders
- −$3.6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$68.1
- Costs to cover
- 0.196%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Nado: 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 Hyperliquid live order book, 5 min ago | 0.37 bp | 6.3 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 5 min ago | 0.06 bp | 3.9 bp −$4 | 9.4 bp −$94 | doesn't fit | doesn't fit |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0201% / S +0.0372% | 1h | 802.55 | −0.140% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 802.96 | −0.090% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 802.50 | −0.147% | $2.6M | $969K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.04 | −0.080% | $3.0M | $28.1M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.66 | −0.002% | $868K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 802.66 | −0.127% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0029% | 8h | 802.05 | −0.203% | $4.2M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0053% | 8h | 803.02 | −0.082% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0063% | 8h | 802.50 | −0.147% | $139.4M | $78.6M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 800.72 | −0.368% | $607K | $996K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 803.27 | −0.051% | $2.8M | $4.1M | 20x | as long as short |
| Nado BNB-PERPshort | +0.0100% | 1h | 802.25 | −0.178% | $1.4M | $2.7M | 20x | |
| Pacifica BNB | +0.0100% | 1h | 803.06 | −0.077% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.50 | −0.147% | $54.8M | $113.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 803.10 | −0.072% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 802.55 | −0.141% | $35.9M | $57.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.76 | −0.114% | $28.1M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 802.41 | −0.158% | $79.6M | $27.4M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.14 | −0.067% | $4.2M | $77.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 802.77 | −0.113% | $162K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 802.41 | −0.158% | $119K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 802.27 | −0.175% | $388K | $497K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 802.45 | −0.154% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 803.28 | −0.050% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 802.44 | −0.154% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 803.43 | −0.032% | $78K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0103% | 8h | 803.59 | −0.011% | $6.3M | $19.0M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 802.37 | −0.163% | $1.9M | $6.4M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 802.36 | −0.164% | $385K | $40K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0113% | 8h | 802.90 | −0.097% | $110K | $2.9M | 4.8x | as long as short |
| Phemex BNBUSDT | +0.0113% | 8h | 802.94 | −0.092% | $70.2M | $51.0M | 50x | as long as short |
| MEXC BNB_USDT | +0.0124% | 8h | 803.80 | +0.015% | $83.6M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0125% | 8h | 803.63 | −0.006% | $502.6M | $818.1M | 75x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 803.03 | −0.081% | $173K | $36K | 10x | as long as short |
| SoDEX BNB-USD | +0.0147% | 1h | 802.60 | −0.134% | $395K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 802.79 | −0.111% | $1.6M | $165K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0240% | 1h | 802.77 | −0.113% | $71K | $49K | 12x | as long as short |
| BloFin BNB-USDT | +0.0245% | 8h | 803.14 | −0.067% | $18.2M | $2.6M | 75x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 802.77 | −0.113% | $1.1M | $1.4M | 20x | as long as short |
| Hyperliquid BNBlong | +0.0260% | 1h | 803.68 | long leg | $52.0M | $21.4M | 10x | |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.175% | $19K | $789K | 30x | as long as short |
| Bulk BNB-USD | +0.0309% | 1h | 803.58 | −0.012% | $653K | $20K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 802.13 | −0.193% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0335% | 1h | 803.31 | −0.046% | $2.7M | $5.7M | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0392% | 1h | 803.31 | −0.046% | $28K | $1K | 10x | as long as short |
| dYdX BNB-USD | +0.0461% | 1h | 802.89 | −0.099% | $162K | $62K | 10x | as long as short |
Lighter BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P
BloFin BNB-USDT
RISEx BNB/USDC
Injective BNB/USDC PERP
Bulk BNB-USD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
01 Exchange BNBUSD
dYdX BNB-USD