Funding you earn now, next payment 03:00 UTC−0.0091%/8h= −10.0% APRnext payment −$0.11 per $10,000 · paid last 24h −0.021%
Price spread now: Nado against Hyperliquid−0.098%7-day average −0.035% · 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−$24as in the Price arb table
costs, in and out, $10k−$180.176% of the position
Funding, last 3 days (all we have)−0.022%−$2 on $10k
+Price spread, last 7 days+0.094%+$9 · spread now −0.098%, 7d avg −0.035%
=Together, before fees+0.073%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.063% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BTC | 85,699 | 0.0100 | pay 0.0013% / 1h | 35m 49s | $3.78B | $4.94B | 40x |
| Short | Nado BTC-PERP | 85,615 | 0.0009 | get 0.0001% / 1h | 35m 49s | $22.9M | $221.3M | 50x |
Hyperliquid BTC
Nado BTC-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
- −$19.09
- Price spread: −0.098% → −0.035%
- −$6.26
- Slippage, 4 orders
- −$1.65
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$43.01
- Costs to cover
- 0.176%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Nado: live order book, 3 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, 8 min ago | 0.06 bp | 6.0 bp −$6 | 6.1 bp −$61 | 6.5 bp −$655 | doesn't fit |
| Sell Nado live order book, 3 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.2 bp −$425 | 10.1 bp −$5,033 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0160% | 1h | 85,585 | −0.133% | $2.2M | $10.3M | 40x | as long as short |
| Bluefin BTC-PERP | −0.0097% | 1h | 85,672.1 | −0.031% | $196K | $722K | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,589 | −0.128% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,615.6 | −0.097% | $370K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,617.3 | −0.095% | $415.9M | $663.5M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,640.3 | −0.068% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,641.9 | −0.067% | $36.7M | — | 200x | as long as short |
| Nado BTC-PERPshort | +0.0009% | 1h | 85,615 | −0.098% | $22.9M | $221.3M | 50x | |
| KuCoin XBTUSDTM | +0.0012% | 8h | 85,619 | −0.093% | $917.2M | $753.1M | 125x | as long as short |
| Aster BTCUSDT | +0.0016% | 8h | 85,609.4 | −0.105% | $515.8M | $1.11B | 200x | as long as short |
Phoenix BTC
Bluefin BTC-PERP
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0054% | 8h | 85,616.9 | −0.096% | — | $17.0M | — | as long as short |
| HTX BTC-USDT | +0.0064% | 8h | 85,622.5 | −0.089% | $2.27B | $933.6M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0067% | 1h | 85,598.7 | −0.117% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0068% | 8h | 85,637.6 | −0.072% | $2.95B | $5.02B | 150x | as long as short |
| Phemex BTCUSDT | +0.0070% | 8h | 85,639.4 | −0.070% | $148.3M | $478.9M | 150x | as long as short |
| SunX BTC-USDT | +0.0078% | 8h | 85,607.4 | −0.107% | $2.9M | $6.1M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,578 | −0.141% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,625.6 | −0.086% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,640 | −0.069% | $5.05B | $5.61B | 500x | as long as short |
| Binance BTCUSDT | +0.0085% | 8h | 85,630.1 | −0.080% | $9.35B | $23.90B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0088% | 1h | 85,676.6 | −0.026% | $893.1M | $1.52B | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,648.7 | −0.059% | $170.0M | $988.5M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,643.4 | −0.065% | $23.9M | $148.1M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,615 | −0.098% | $8.4M | $51.9M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,686.7 | −0.014% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,588 | −0.130% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTClong | +0.0100% | 1h | 85,699 | long leg | $3.78B | $4.94B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 85,671.2 | −0.032% | $40.5M | $573.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,636.2 | −0.073% | $5.33B | $9.58B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,628.1 | −0.083% | $2.57B | $12.11B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,652 | −0.055% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,597.6 | −0.118% | $7.2M | $97.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,562.7 | −0.159% | $616.1M | $358.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,635.6 | −0.074% | $5.55B | $10.48B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,623.8 | −0.088% | $35.3M | $172.3M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,622.5 | −0.089% | $155.0M | $548.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,550.1 | −0.174% | $278.9M | $928.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,558.4 | −0.164% | $214.7M | $165.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,549.6 | −0.174% | $140.0M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,552.7 | −0.171% | $30.3M | $210.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,650.3 | −0.057% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,613 | −0.100% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,621 | −0.091% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,627.3 | −0.084% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,626.4 | −0.085% | $30.0M | $52.6M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,635 | −0.075% | $60.0M | $336.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,621.2 | −0.091% | $44.0M | $227.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,617.6 | −0.095% | — | $105.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,674 | −0.029% | $130.9M | $5.10B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,642.1 | −0.066% | $8.3M | $42.2M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,665.4 | −0.039% | $188.6M | $948.7M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0190% | 1h | 85,588.2 | −0.129% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,605.5 | −0.109% | $700K | $7.9M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0180% | 1h | 85,633.3 | −0.077% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0214% | 8h | 85,639 | −0.070% | $10.5M | $760.3M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,666.2 | −0.038% | $521K | $19.4M | 6.7x | as long as short |
BingX BTC-USDC
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
Phemex BTCUSDT
SunX BTC-USDT
Injective BTC/USDC PERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Deribit BTC-PERPETUAL
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Derive BTC-PERP
SoDEX BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC