HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0294%/8h= +32.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.081%

Price spread now: Nado against Arcus−0.008%7-day average +0.024% · 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−$17as in the Price arb table

costs, in and out, $10k−$140.143% of the position

Long on Arcus Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.108%+$11 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.008%, 7d avg +0.024%

Together, before fees+0.157%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.032% cheaper against Arcus than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.024%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day). At the pace of the last 3 days (+0.108% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HYPE-USD	93.045	−0.0194	get 0.0024% / 1h	10m 45s	$1.1M	$3.9M	10x
Short	Nado HYPE-PERP	93.037	0.0100	get 0.0012% / 1h	10m 45s	$6.8M	$46.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Arcus. 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 ArcusbpFee NadobpOrdersPrice spread, now −0.008%Rate

Funding earned: $61.65
Price spread: −0.008% → +0.024%: −$3.17
Slippage, 4 orders: −$2.78
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $44.2
Costs to cover: 0.143%
Break-even: 2.0 days

Slippage from Arcus: live order book, 3 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 Arcus live order book, 3 min ago	0.59 bp	3.4 bp −$3	4.9 bp −$49	20.9 bp −$2,094	doesn't fit
Sell Nado live order book, 3 min ago	0.05 bp	3.7 bp −$4	5.4 bp −$54	26.3 bp −$2,634	doesn't fit

HYPE on 55 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	−0.1808%	1h	93.008	−0.040%	$194K	$231K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0321%	1h	93.016	−0.032%	$22K	$21K	10x	as long as short
Arcus HYPE-USDlong	−0.0194%	1h	93.045	long leg	$1.1M	$3.9M	10x
Hotstuff HYPE-PERP	−0.0080%	1h	93.053	+0.009%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0052%	4h	93.043	−0.002%	$146K	$671K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.075	+0.033%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.060	+0.016%	$22K	$293K	10x	as long as short
Ondo Perps HYPE-USD.P	+0.0001%	1h	92.970	−0.081%	$700K	$1.1M	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.100	+0.059%	$62K	—	150x	as long as short
Bullet HYPE-USD	+0.0007%	1h	93.065	+0.021%	$111K	$578K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0016%	1h	93.108	+0.068%	$87K	$365K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	93.056	+0.012%	$208K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0027%	8h	93.046	+0.001%	$317.4M	$284.4M	75x	as long as short
Phemex HYPEUSDT	+0.0028%	8h	93.033	−0.013%	$12.6M	$2.7M	50x	as long as short
Bitget HYPEUSDT	+0.0036%	4h	93.063	+0.019%	$225.1M	$98.8M	75x	as long as short
Popdex HYPEUSDT	+0.0048%	1h	93.081	+0.039%	$76K	$1.1M	50x	as long as short
Gate HYPE_USDT	+0.0058%	4h	93.054	+0.010%	$45.5M	$54.8M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.109	+0.069%	$339K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.076	+0.033%	$16.0M	$62.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.085	+0.043%	$3.1M	$11.6M	20x	as long as short
edgeX HYPEUSDC	+0.0099%	4h	93.100	+0.059%	$4.9M	$29.7M	30x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.070	+0.027%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERPshort	+0.0100%	1h	93.037	−0.008%	$6.8M	$46.5M	10x
Hyperliquid HYPE	+0.0100%	1h	93.120	+0.081%	$2.03B	$670.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.069	+0.026%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.103	+0.063%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.068	+0.025%	$373.6M	$909.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.069	+0.026%	$114.0M	$305.3M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.125	+0.086%	$203K	$3K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.067	+0.024%	$91.5M	$81.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.063	+0.019%	$46.1M	$18.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.064	+0.020%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.096	+0.055%	$7.3M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.028	−0.018%	$28.6M	$56.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.156	+0.120%	$7.5M	$46.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.126	+0.087%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.097	+0.056%	$665K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.120	+0.080%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.106	+0.066%	$488K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.077	+0.034%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.052	+0.008%	$16.0M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.140	+0.102%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.069	+0.026%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.228	+0.197%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.039	−0.006%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.070	+0.027%	$393K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0117%	8h	93.139	+0.101%	$1.8M	$5.5M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.120	+0.081%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0196%	1h	93.136	+0.098%	$20.7M	$29.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.410	+0.392%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0266%	1h	93.085	+0.043%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	93.094	+0.053%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.074	+0.031%	$16.8M	$11.8M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0523%	1h	93.164	+0.128%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.141	+0.103%	$3.2M	$6.3M	20x	as long as short