Funding you earn now, next payment 03:00 UTC−0.0250%/8h= −27.4% APRnext payment −$0.31 per $10,000 · paid last 24h −0.041%
Price spread now: Nado against Deribit−0.072%46s7-day average −0.052% · 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—prices read too far apart to compare
costs, in and out, $10k−$240.237% of the position
Funding, last 3 days (all we have)−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)+0.317%+$32 · spread now −0.072%, 7d avg −0.052%
=Together, before fees+0.302%+ Points / potential airdropNado: Active · farm board+$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.015% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HYPE_USDC-PERPETUAL | 93.403 | 0.0350 | pay 0.0044% / 1h | 40m 34s | $7.4M | $4.4M | 50x |
| Short | Nado HYPE-PERP | 93.335 | 0.0100 | get 0.0012% / 1h | 40m 34s | $5.8M | $43.4M | 10x |
Deribit HYPE_USDC-PERPETUAL
Nado HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Deribit. 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
- −$52.5
- Price spread: −0.072% → −0.052%
- −$1.98
- Slippage, 4 orders
- −$9.67
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$78.16
- Costs to cover
- 0.237%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 4 min ago; Nado: live order book, 4 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 Deribit live order book, 4 min ago | 3.74 bp | 8.2 bp −$8 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell Nado live order book, 4 min ago | 0.05 bp | 3.9 bp −$4 | 7.0 bp −$70 | 30.8 bp −$3,080 | 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 | −0.1264% | 1h | 93.481 | +0.083% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.229 | −0.186% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0190% | 1h | 93.301 | −0.109% | $79K | $170K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.351 | −0.056% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0067% | 8h | 93.304 | −0.106% | $12.6M | $2.7M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0058% | 1h | 93.260 | −0.153% | $700K | $980K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.402 | −0.001% | $85K | $346K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0046% | 4h | 93.317 | −0.092% | $156K | $629K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0035% | 1h | 93.438 | +0.038% | $22K | $21K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.361 | −0.045% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Bluefin HYPE-PERP
Hotstuff HYPE-PERP
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Aftermath Perps HYPEUSD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.394 | −0.009% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.366 | −0.040% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0016% | 4h | 93.332 | −0.076% | $8.8M | $35.6M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.549 | +0.156% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0026% | 4h | 93.346 | −0.061% | — | $53.1M | — | as long as short |
| Bullet HYPE-USD | +0.0028% | 1h | 93.344 | −0.063% | $111K | $578K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0034% | 8h | 93.367 | −0.039% | $322.0M | $277.0M | 75x | as long as short |
| Gate HYPE_USDT | +0.0044% | 4h | 93.345 | −0.062% | $44.5M | $54.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.347 | −0.060% | $114.2M | $301.9M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.370 | −0.035% | $16.3M | $61.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.341 | −0.066% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.397 | −0.006% | $69K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.380 | −0.025% | $339K | $162K | 20x | as long as short |
| Binance HYPEUSDT | +0.0097% | 4h | 93.396 | −0.007% | $379.0M | $876.9M | 75x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.410 | +0.007% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERPshort | +0.0100% | 1h | 93.335 | −0.072% | $5.8M | $43.4M | 10x | |
| Hyperliquid HYPE | +0.0100% | 1h | 93.436 | +0.035% | $2.04B | $655.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.384 | −0.020% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.190% | $204K | $10K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.339 | −0.069% | $89.9M | $80.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.360 | −0.046% | $45.9M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.337 | −0.071% | $225.7M | $96.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.319 | −0.090% | $7.4M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.317 | −0.092% | $31.1M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.553 | +0.160% | $7.6M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.487 | +0.090% | $340K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.585 | +0.195% | $668K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.403 | 0.000% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.372 | −0.033% | $472K | $2.5M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.329 | −0.079% | $16.2M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.418 | +0.016% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.303 | −0.107% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.326 | −0.083% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.330 | −0.079% | $397K | $163K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0116% | 4h | 93.476 | +0.079% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.370 | −0.035% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0200% | 4h | 93.500 | +0.104% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.331 | −0.077% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.417 | +0.015% | $1.9M | $5.1M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.367 | −0.039% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.300 | −0.110% | $16.9M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUALlong | +0.0350% | 1h | 93.403 | long leg | $7.4M | $4.4M | 50x | |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.450 | +0.050% | $3.2M | $6.5M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.200 | −0.217% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.379 | −0.026% | $20.7M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bullet HYPE-USD
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Binance HYPEUSDT
Katana Perps HYPE-USD
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD