Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: Nado against Bitget−0.013%7-day average +0.016% · 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−$250.250% of the position
Funding, last 3 days (all we have)+0.011%+$1 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now −0.013%, 7d avg +0.016%
=Together, before fees+0.043%+ Points / potential airdropNado: Active · farm board+$4 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 0.030% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget HYPEUSDT | 93.216 | 0.0100 | pay 0.0050% / 4h | 2h 54m | $226.4M | $102.0M | 75x |
| Short | Nado HYPE-PERP | 93.203 | 0.0100 | get 0.0012% / 1h | 54m 34s | $6.0M | $44.4M | 10x |
Bitget HYPEUSDT
Nado HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Bitget. 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
- $0
- Price spread: −0.013% → +0.016%
- −$2.99
- Slippage, 4 orders
- −$6.04
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$28.03
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Nado: live order book, 5 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 Bitget live order book, 5 min ago | 0.05 bp | 9.4 bp −$9 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Nado live order book, 5 min ago | 0.05 bp | 3.6 bp −$4 | 5.4 bp −$54 | 25.5 bp −$2,554 | 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 | −0.1328% | 1h | 93.228 | +0.013% | $197K | $235K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0196% | 1h | 93.160 | −0.060% | $699K | $948K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 93.219 | +0.003% | $89K | $340K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0102% | 1h | 93.323 | +0.115% | $22K | $22K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.208 | −0.009% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0002% | 4h | 93.185 | −0.033% | $44.0M | $56.1M | 75x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.247 | +0.033% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.463 | +0.265% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.210 | −0.007% | $23K | $343K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.400 | +0.197% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Gate HYPE_USDT
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0004% | 4h | 93.197 | −0.021% | $8.9M | $36.3M | 300x | as long as short |
| Derive HYPE-PERP | +0.0037% | 1h | 93.341 | +0.134% | $16.4M | $7.1M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0040% | 8h | 93.190 | −0.028% | $324.9M | $288.4M | 75x | as long as short |
| Bullet HYPE-USD | +0.0045% | 1h | 93.214 | −0.002% | $112K | $583K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0078% | 4h | 93.393 | +0.190% | $180K | $536K | 20x | as long as short |
| Phoenix HYPE | +0.0094% | 1h | 93.336 | +0.129% | $215K | $1.2M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.274 | +0.062% | $18.5M | $58.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.237 | +0.023% | $3.1M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.204 | −0.013% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.230 | +0.015% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERPshort | +0.0100% | 1h | 93.203 | −0.013% | $6.0M | $44.4M | 10x | |
| Hyperliquid HYPE | +0.0100% | 1h | 93.274 | +0.062% | $2.03B | $668.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.249 | +0.035% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.205 | −0.011% | $385.4M | $890.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.184 | −0.034% | $114.6M | $315.8M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.185 | −0.033% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.386 | +0.183% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.209 | −0.008% | $92.0M | $81.5M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.213 | −0.003% | $46.2M | $19.6M | 75x | as long as short |
| Bitget HYPEUSDTlong | +0.0100% | 4h | 93.216 | long leg | $226.4M | $102.0M | 75x | |
| BingX HYPE-USDT | +0.0100% | 4h | 93.188 | −0.030% | — | $54.6M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.382 | +0.178% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.285 | +0.074% | $28.8M | $49.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.319 | +0.110% | $7.5M | $46.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.338 | +0.131% | $405K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.369 | +0.164% | $675K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.268 | +0.055% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.254 | +0.041% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.404 | +0.202% | $76K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.334 | +0.127% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.384 | +0.180% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.374 | +0.169% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.246 | +0.032% | $339K | $171K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.177 | −0.042% | $18.4M | $41.0M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.401 | +0.198% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0120% | 4h | 93.294 | +0.084% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.390 | +0.187% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0244% | 1h | 93.221 | +0.005% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.210 | −0.006% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0165% | 1h | 93.400 | +0.198% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.352 | +0.146% | $17.2M | $12.5M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0403% | 1h | 93.491 | +0.295% | $7.4M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0422% | 4h | 93.533 | +0.340% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.279 | +0.068% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0573% | 1h | 93.492 | +0.296% | $18.8M | $24.8M | 50x | as long as short |
Aster HYPEUSDT
Derive HYPE-PERP
Bybit HYPEUSDT
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD