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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.015%
Price spread now: Nado against ApeX Omni−0.023%7-day average +0.003% · 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−$28as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Long on ApeX OmniShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.015%−$2 on $10k
Price spread, last 3 days (all we have)+0.172%+$17 · spread now −0.023%, 7d avg +0.003%
Together, before fees+0.157%+ Points / potential airdropNado: Active · farm board+$16 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 0.026% cheaper against ApeX Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.1350.0100pay 0.0013% / 1h33m 14s$412K$1.0M50x
ShortNado HYPE-PERP93.1130.0100get 0.0012% / 1h33m 14s$5.9M$44.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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

Funding earned
$0
Price spread: −0.023% → +0.003%
−$2.64
Slippage, 4 orders
−$8.28
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$27.92
Costs to cover
0.253%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 1 min ago2.04 bp8.4 bp −$811.6 bp −$116doesn't fitdoesn't fit
Sell Nado live order book, 1 min ago0.05 bp4.1 bp −$46.1 bp −$6130.9 bp −$3,089doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps HYPEUSD−0.0380%1h93.133−0.002%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0208%1h93.124−0.012%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.094−0.044%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0115%1h93.060−0.081%$698K$923K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.134−0.001%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.129−0.006%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0008%1h93.107−0.030%$57K$1.2M50xas long as short
dYdX HYPE-USD0.0000%1h93.124−0.012%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.070−0.070%$23K$331K10xas long as short
Aster HYPEUSDT+0.0001%4h93.059−0.082%$8.8M$36.0M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.102−0.036%$20K—150xas long as short
Bullet HYPE-USD+0.0025%1h93.057−0.084%$111K$579K20xas long as short
Bybit HYPEUSDT+0.0025%8h93.050−0.091%$323.1M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0028%4h93.072−0.068%$172K$519K20xas long as short
Derive HYPE-PERP+0.0031%1h93.034−0.108%$16.2M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.106−0.031%$214K$1.2M10xas long as short
Gate HYPE_USDT+0.0040%4h93.055−0.086%$43.9M$58.1M75xas long as short
Binance HYPEUSDT+0.0077%4h93.069−0.071%$382.4M$894.0M75xas long as short
MEXC HYPE_USDT+0.0078%4h93.104−0.033%$89.9M$81.8M100xas long as short
Lighter HYPE+0.0096%1h93.133−0.002%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.111−0.026%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.142+0.007%$338K$170K20xas long as short
edgeX HYPEUSDC+0.0099%4h93.079−0.061%$5.1M$29.6M30xas long as short
Katana Perps HYPE-USD+0.0100%8h93.120−0.016%$34K$1.6M10xas long as short
Nado HYPE-PERPshort+0.0100%1h93.113−0.023%$5.9M$44.1M10x
Hyperliquid HYPE+0.0100%1h93.146+0.012%$2.02B$670.6M10xas long as short
Pacifica HYPE+0.0100%1h93.170+0.038%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.051−0.090%$113.8M$313.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.274%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.131−0.004%$47.1M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.101−0.037%$225.6M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.069−0.071%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.122−0.014%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.034−0.108%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.144+0.010%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.135long leg$412K$1.0M50x
StandX HYPE-USD+0.0100%1h93.066−0.074%$673K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.118−0.018%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.136+0.001%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.079−0.060%$75K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.089−0.049%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.083−0.056%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.073−0.067%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.067−0.073%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.084−0.055%$396K$318K20xas long as short
Kalshi KXHYPEPERP+0.0107%8h93.224+0.096%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.180+0.048%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.070−0.070%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.057−0.084%$78K$158K15xas long as short
HTX HYPE-USDT+0.0249%4h93.228+0.100%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.177+0.045%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0308%4h93.074−0.065%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.095−0.043%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0384%1h93.180+0.048%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.194+0.063%$20.8M$28.9M50xas long as short