HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: Nado against Aevo−0.146%7-day average −0.010% · 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−$54as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on Aevo Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 3 days (all we have)+0.141%+$14 · spread now −0.146%, 7d avg −0.010%

Together, before fees+0.122%+ Points / potential airdropNado: Active · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.135% cheaper against Aevo than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	93.965	0.0096	pay 0.0012% / 1h	28m 01s	$400K	$177K	20x
Short	Nado HYPE-PERP	93.828	0.0100	get 0.0012% / 1h	28m 01s	$5.7M	$45.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee NadobpOrdersPrice spread, now −0.146%Rate

Funding earned: $0.84
Price spread: −0.146% → −0.010%: −$13.54
Slippage, 4 orders: −$17.46
Fee Aevo: 8 bp × 2 orders: −$16
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$53.17
Costs to cover: 0.405%
Break-even: 450.1 days

Slippage from Aevo: live order book, 41 min ago; Nado: live order book, 1 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 Aevo live order book, 41 min ago	7.76 bp	17.2 bp −$17	23.0 bp −$230	26.4 bp −$2,639	doesn't fit
Sell Nado live order book, 1 min ago	0.05 bp	3.7 bp −$4	5.6 bp −$56	25.5 bp −$2,551	doesn't fit

HYPE on 54 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
Hibachi HYPE/USDT-P	−0.0912%	1h	93.720	−0.261%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.743	−0.237%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0147%	1h	93.636	−0.350%	$22K	$21K	10x	as long as short
Phemex HYPEUSDT	−0.0137%	8h	93.909	−0.060%	$12.7M	$2.7M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0088%	1h	93.740	−0.240%	$701K	$958K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.826	−0.148%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0056%	4h	93.911	−0.058%	$157K	$648K	20x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.894	−0.076%	$85K	$350K	20x	as long as short
Backpack HYPE_USDC_PERP	−0.0045%	1h	93.914	−0.055%	$7.8M	$10.3M	20x	as long as short
Gate HYPE_USDT	−0.0044%	4h	93.952	−0.014%	$44.5M	$54.9M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	−0.0005%	4h	93.945	−0.022%	$8.9M	$35.9M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.868	−0.104%	$129K	$31K	5x	as long as short
Bybit HYPEUSDT	0.0000%	8h	93.940	−0.027%	$322.7M	$281.4M	75x	as long as short
Perpl HYPE	0.0000%	43m	93.926	−0.042%	$22K	$326K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.956	−0.010%	$26K	—	150x	as long as short
BingX HYPE-USDT	+0.0003%	4h	93.947	−0.020%	—	$53.7M	—	as long as short
MEXC HYPE_USDT	+0.0058%	4h	93.964	−0.002%	$88.1M	$82.8M	100x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	93.654	−0.331%	$5.1M	$30.1M	30x	as long as short
Phoenix HYPE	+0.0060%	1h	93.705	−0.277%	$211K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0064%	1h	93.911	−0.058%	$112K	$578K	20x	as long as short
Binance HYPEUSDT	+0.0065%	4h	93.964	−0.002%	$382.2M	$895.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0068%	8h	93.963	−0.003%	$115.5M	$310.5M	50x	as long as short
Derive HYPE-PERP	+0.0092%	1h	93.908	−0.061%	$16.3M	$7.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.901	−0.069%	$341K	$164K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.972	+0.007%	$16.4M	$62.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.969	+0.004%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.877	−0.094%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERPlong	+0.0096%	1h	93.965	long leg	$400K	$177K	20x
Katana Perps HYPE-USD	+0.0100%	8h	93.880	−0.091%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERPshort	+0.0100%	1h	93.828	−0.146%	$5.7M	$45.1M	10x
Hyperliquid HYPE	+0.0100%	1h	94.072	+0.113%	$2.05B	$671.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.876	−0.095%	$10.1M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.981	+0.017%	$46.6M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.965	−0.001%	$227.3M	$98.6M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.610	−0.378%	$31.0M	$54.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.468	−0.529%	$7.5M	$48.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.658	−0.327%	$338K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.837	−0.137%	$670K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.902	−0.068%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.950	−0.016%	$470K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.929	−0.039%	$80K	$172K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.933	−0.035%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.957	−0.009%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.348	−0.658%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.940	−0.028%	$18.3M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	94.010	+0.047%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.790	−0.187%	$30K	$339K	12x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.923	−0.045%	$3.2M	$7.0M	20x	as long as short
HTX HYPE-USDT	+0.0220%	4h	94.050	+0.090%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0255%	1h	93.904	−0.066%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0270%	8h	93.922	−0.046%	$1.9M	$5.1M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0156%	1h	93.929	−0.039%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0484%	1h	94.058	+0.098%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0678%	1h	94.051	+0.091%	$21.0M	$29.7M	50x	as long as short