Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h −0.004%
Price spread now: Nado against Bybit+0.010%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Long on BybitShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.011%+$1 on $10k
Price spread, last 7 days+0.026%+$3 · spread now +0.010%, 7d avg +0.023%
Together, before fees+0.037%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit HYPEUSDT93.1100.0027pay 0.0027% / 8h1h 37m$323.2M$286.8M75x
ShortNado HYPE-PERP93.1200.0100get 0.0012% / 1h37m 16s$5.9M$44.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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
$15.33
Price spread: +0.010% → +0.023%
−$1.32
Slippage, 4 orders
−$1.87
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$5.86
Costs to cover
0.199%
Break-even
9.7 days
Slippage from Bybit: live order book, 2 min ago; Nado: live order book, 2 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 Bybit live order book, 2 min ago0.54 bp6.0 bp −$67.5 bp −$7515.6 bp −$1,56462.6 bp −$31.3K
Sell Nado live order book, 2 min ago0.05 bp3.9 bp −$46.2 bp −$6226.9 bp −$2,692doesn'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−0.0362%1h93.223+0.121%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0184%1h93.205+0.102%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.101−0.010%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0103%1h93.150+0.043%$700K$924K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.161+0.055%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0016%1h93.125+0.016%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.189+0.085%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.125+0.016%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.144+0.037%$23K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.150+0.043%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0008%4h93.125+0.016%$8.9M$36.0M300xas long as short
Bybit HYPEUSDTlong+0.0027%8h93.110long leg$323.2M$286.8M75x
Orderly PERP_HYPE_USDC+0.0033%4h93.112+0.002%$171K$519K20xas long as short
Phoenix HYPE+0.0034%1h93.374+0.284%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0035%1h93.106−0.004%$111K$579K20xas long as short
Gate HYPE_USDT+0.0038%4h93.102−0.009%$43.8M$57.9M75xas long as short
Derive HYPE-PERP+0.0039%1h93.083−0.029%$16.3M$7.1M10xas long as short
Binance HYPEUSDT+0.0089%4h93.105−0.005%$382.7M$892.5M75xas long as short
MEXC HYPE_USDT+0.0090%4h93.113+0.003%$89.8M$81.8M100xas long as short
Lighter HYPE+0.0096%1h93.189+0.085%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.168+0.062%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.143+0.035%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.150+0.043%$40K$1.6M10xas long as short
Nado HYPE-PERPshort+0.0100%1h93.120+0.010%$5.9M$44.0M10x
Hyperliquid HYPE+0.0100%1h93.169+0.063%$2.02B$670.1M10xas long as short
Pacifica HYPE+0.0100%1h93.153+0.046%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.101−0.010%$113.8M$313.5M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.301%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.155+0.048%$47.2M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.121+0.012%$225.7M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.117+0.008%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.202+0.099%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.354+0.262%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.268+0.169%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.246+0.146%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.210+0.107%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.183+0.078%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.158+0.052%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.116+0.006%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.178+0.073%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.105−0.005%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.153+0.046%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.089−0.023%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.094−0.017%$396K$318K20xas long as short
edgeX HYPEUSDC+0.0106%4h93.228+0.127%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.288+0.191%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.190+0.086%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.070−0.043%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.100−0.011%$78K$158K15xas long as short
HTX HYPE-USDT+0.0259%4h93.300+0.204%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.204+0.101%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0319%1h93.211+0.108%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0336%4h93.252+0.153%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.154+0.048%$1.5M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.200+0.096%$20.8M$28.9M50xas long as short