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 22:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h −0.004%
Price spread now: Nado against Derive+0.051%7-day average +0.022% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.009%+$1 on $10k
Price spread, last 3 days (all we have)+0.043%+$4 · spread now +0.051%, 7d avg +0.022%
Together, before fees+0.051%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.029% dearer against Derive than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive HYPE-PERP93.437−0.0003get 0.0000% / 1h35m 02s$16.4M$7.1M10x
ShortNado HYPE-PERP93.4840.0100get 0.0012% / 1h35m 02s$6.0M$44.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Derive. 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
$21.58
Price spread: +0.051% → +0.022%
$2.88
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$11.47
Costs to cover
0.130%
Break-even
3.3 days
Slippage unknown: Derive: no order-book sample; Nado: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample—————
Sell Nado live order book, 4 min ago0.05 bp3.7 bp −$45.7 bp −$5727.5 bp −$2,750doesn't fit
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hibachi HYPE/USDT-P−0.1104%1h93.433−0.004%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0256%1h93.449+0.013%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0249%1h93.370−0.072%$701K$941K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.512+0.080%$89K$348K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.414−0.025%$3K$33125xas long as short
Bullet HYPE-USD−0.0025%1h93.459+0.024%$112K$583K20xas long as short
Derive HYPE-PERPlong−0.0003%1h93.437long leg$16.4M$7.1M10x
dYdX HYPE-USD0.0000%1h93.485+0.051%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.463+0.028%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.518+0.086%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0012%4h93.512+0.080%$8.9M$35.9M300xas long as short
Gate HYPE_USDT+0.0028%4h93.529+0.098%$44.1M$56.5M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.512+0.080%$325.8M$287.3M75xas long as short
Phoenix HYPE+0.0068%1h93.464+0.029%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0070%4h93.491+0.057%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.485+0.051%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.542+0.112%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.517+0.085%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.462+0.027%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.490+0.056%$40K$1.7M10xas long as short
Nado HYPE-PERPshort+0.0100%1h93.484+0.051%$6.0M$44.2M10x
Hyperliquid HYPE+0.0100%1h93.560+0.131%$2.04B$668.1M10xas long as short
Pacifica HYPE+0.0100%1h93.491+0.058%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.531+0.100%$385.7M$888.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.511+0.079%$114.9M$315.5M50xas long as short
Arcus HYPE-USD+0.0100%1h93.458+0.022%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403−0.037%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.542+0.112%$92.8M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.498+0.065%$46.4M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.541+0.111%$227.2M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.534+0.103%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.575+0.147%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.402−0.038%$28.9M$49.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.494+0.061%$7.5M$45.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.482+0.048%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.470+0.035%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.497+0.064%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.512+0.080%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.508+0.076%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.531+0.100%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.490+0.056%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.504+0.071%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.506+0.073%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.509+0.077%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.336−0.108%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0116%8h93.598+0.172%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.400−0.040%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.484+0.050%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0274%1h93.585+0.158%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.350−0.093%$30K$231K12xas long as short
HTX HYPE-USDT+0.0338%4h93.662+0.240%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.519+0.087%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.449+0.013%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.557+0.129%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.599+0.173%$19.2M$25.9M50xas long as short