HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.14 per $10,000 · paid last 24h +0.009%

Price spread now: Nado against Coinbase International−0.074%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−$35as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.121%+$12 on $10k

Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.074%, 7d avg +0.024%

Together, before fees+0.283%+ Points / potential airdropNado: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.098% cheaper against Coinbase International than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.024%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.121%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	93.620	0.0208	pay 0.0026% / 1h	32m 37s	$4.9M	$5.7M	50x
Short	Nado HYPE-PERP	93.550	0.0100	get 0.0012% / 1h	32m 37s	$6.0M	$44.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. 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 Coinbase InternationalbpFee NadobpOrdersPrice spread, now −0.074%Rate

Funding earned: −$22.68
Price spread: −0.074% → +0.024%: −$9.82
Slippage, 4 orders: −$8.41
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$57.91
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 1 min ago	3.74 bp	8.8 bp −$9	13.9 bp −$139	36.3 bp −$3,630	doesn't fit
Sell Nado live order book, 2 min ago	0.05 bp	3.8 bp −$4	5.8 bp −$58	26.8 bp −$2,683	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	−0.1088%	1h	93.453	−0.178%	$197K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0268%	1h	93.482	−0.148%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0236%	1h	93.520	−0.107%	$701K	$941K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.567	−0.057%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	93.593	−0.029%	$89K	$348K	20x	as long as short
Bullet HYPE-USD	−0.0033%	1h	93.551	−0.074%	$112K	$583K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.563	−0.061%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.565	−0.059%	$23K	$337K	10x	as long as short
Derive HYPE-PERP	+0.0001%	1h	93.507	−0.121%	$16.4M	$7.1M	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.590	−0.032%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0018%	4h	93.567	−0.056%	$9.0M	$35.8M	300x	as long as short
Gate HYPE_USDT	+0.0034%	4h	93.554	−0.070%	$44.1M	$56.6M	75x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.560	−0.064%	$326.0M	$287.3M	75x	as long as short
Phoenix HYPE	+0.0068%	1h	93.549	−0.076%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0070%	4h	93.561	−0.063%	$180K	$529K	20x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	93.558	−0.066%	$57K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.614	−0.006%	$18.6M	$59.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.590	−0.032%	$3.1M	$12.3M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.585	−0.037%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.570	−0.053%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERPshort	+0.0100%	1h	93.550	−0.074%	$6.0M	$44.1M	10x
Hyperliquid HYPE	+0.0100%	1h	93.643	+0.025%	$2.04B	$668.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.587	−0.035%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.567	−0.056%	$385.9M	$888.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.561	−0.063%	$114.9M	$315.7M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.539	−0.087%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.403	−0.232%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.579	−0.044%	$93.6M	$82.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.583	−0.040%	$46.4M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.585	−0.037%	$227.3M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.559	−0.065%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.593	−0.029%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.402	−0.233%	$28.9M	$49.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.500	−0.128%	$7.5M	$45.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.482	−0.147%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.503	−0.125%	$676K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.577	−0.046%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.588	−0.034%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.589	−0.033%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.611	−0.010%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.560	−0.064%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.549	−0.076%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.551	−0.074%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.577	−0.046%	$398K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0117%	4h	93.456	−0.175%	$5.1M	$29.6M	30x	as long as short
Kalshi KXHYPEPERP	+0.0119%	8h	93.588	−0.034%	$1.9M	$5.3M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0188%	1h	93.655	+0.037%	$7.4M	$4.6M	50x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0208%	1h	93.620	long leg	$4.9M	$5.7M	50x
Reya HYPERUSDPERP	+0.0245%	1h	93.562	−0.062%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.710	+0.096%	$30K	$231K	12x	as long as short
HTX HYPE-USDT	+0.0334%	4h	93.736	+0.124%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0164%	1h	93.588	−0.034%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.559	−0.065%	$17.1M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.628	+0.008%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0572%	1h	93.667	+0.050%	$19.2M	$25.9M	50x	as long as short