Funding you earn now, next payment 01:00 UTC+0.0186%/8h= +20.4% APRnext payment +$0.23 per $10,000 · paid last 24h −0.009%
Price spread now: Nado against Hyperliquid−0.097%7-day average −0.084% · 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−$52as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 3 days (all we have)−0.015%−$2 on $10k
+Price spread, last 7 days+0.158%+$16 · spread now −0.097%, 7d avg −0.084%
=Together, before fees+0.143%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.015% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 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 | Hyperliquid ZRO | 1.1868 | 0.0100 | pay 0.0013% / 1h | 7m 12s | $37.6M | $5.6M | 5x |
| Short | Nado ZRO-PERP | 1.1856 | 0.0286 | get 0.0036% / 1h | 7m 12s | $1.4M | $127K | 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
- $39.16
- Price spread: −0.097% → −0.084%
- −$1.34
- Slippage, 4 orders
- −$34.94
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$13.12
- Costs to cover
- 0.509%
- Break-even
- 9.3 days
Slippage from Hyperliquid: live order book, 6 min ago; Nado: live order book, 6 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, 6 min ago | 0.42 bp | 18.7 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 6 min ago | 2.11 bp | 13.1 bp −$13 | 31.5 bp −$315 | 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 | −0.0112% | 1h | 1.1844 | −0.205% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0010% | 4h | 1.1854 | −0.118% | $21K | $6K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0059% | 4h | 1.1857 | −0.093% | $1.1M | $258K | 75x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1874 | +0.047% | $4.4M | $1.5M | 5x | as long as short |
| Hyperliquid ZROlong | +0.0100% | 1h | 1.1868 | long leg | $37.6M | $5.6M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1862 | −0.047% | $159K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1855 | −0.106% | $137K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1850 | −0.151% | $22.2M | $30.1M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1843 | −0.211% | $18.1M | $14.0M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1855 | −0.110% | $3.2M | $8.0M | 20x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | −0.236% | $1.4M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1852 | −0.135% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1860 | −0.067% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1858 | −0.084% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1851 | −0.143% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1845 | −0.193% | $2.3M | $853K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1870 | +0.017% | $37K | $686K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1860 | −0.067% | $93K | $840K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1850 | −0.152% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0188% | 1h | 1.1855 | −0.113% | $21K | $3K | 5x | as long as short |
| Nado ZRO-PERPshort | +0.0286% | 1h | 1.1856 | −0.097% | $1.4M | $127K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1860 | −0.063% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0299% | 1h | 1.1869 | +0.011% | $254K | $408K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0453% | 1h | 1.1859 | −0.076% | $98K | $207K | 20x | as long as short |
| Extended ZRO-USD | +0.1160% | 1h | 1.1855 | −0.110% | $792K | $613K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1920 | +0.438% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
dYdX ZRO-USD
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Extended ZRO-USD
Injective ZRO/USDC PERP