HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.016%

Price spread now: Nado against dYdX−0.067%7-day average −0.007% · 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−$74as in the Price arb table

costs, in and out, $10k−$680.683% of the position

Long on dYdX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.062%+$6 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now −0.067%, 7d avg −0.007%

Together, before fees−0.096%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.060% cheaper against dYdX than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of −0.007%). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HYPE-USD	93.608	0	get 0.0000% / 1h	56m 26s	$128K	$29K	5x
Short	Nado HYPE-PERP	93.544	0.0100	get 0.0012% / 1h	56m 26s	$7.0M	$47.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against dYdX. 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 dYdXbpFee NadobpOrdersPrice spread, now −0.067%Rate

Funding earned: $21
Price spread: −0.067% → −0.007%: −$6.02
Slippage, 4 orders: −$51.33
Fee dYdX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$53.35
Costs to cover: 0.683%
Break-even: 24.8 days

Slippage from dYdX: live order book, 57 min ago; Nado: live order book, 3 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 dYdX live order book, 57 min ago	25.44 bp	30.4 bp −$30	42.8 bp −$428	124.5 bp −$12.4K	828.3 bp −$414.1K
Sell Nado live order book, 3 min ago	0.05 bp	3.6 bp −$4	6.1 bp −$61	28.8 bp −$2,880	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	−0.1896%	1h	93.498	−0.117%	$197K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0364%	1h	93.451	−0.168%	$22K	$21K	10x	as long as short
Bullet HYPE-USD	−0.0131%	1h	93.513	−0.101%	$112K	$578K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.476	−0.141%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0037%	4h	93.554	−0.057%	$146K	$663K	20x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	93.535	−0.078%	$88K	$366K	20x	as long as short
dYdX HYPE-USDlong	0.0000%	1h	93.608	long leg	$128K	$29K	5x
Perpl HYPE	0.0000%	43m	93.556	−0.055%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.576	−0.034%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.514	−0.100%	$1.0M	$3.9M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HYPEUSDT	+0.0017%	8h	93.599	−0.009%	$12.6M	$2.7M	50x	as long as short
Bitget HYPEUSDT	+0.0024%	4h	93.564	−0.047%	$226.4M	$99.2M	75x	as long as short
Bybit HYPEUSDT	+0.0026%	8h	93.550	−0.062%	$318.2M	$283.8M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.546	−0.066%	$209K	$1.2M	10x	as long as short
Ondo Perps HYPE-USD.P	+0.0061%	1h	93.560	−0.051%	$705K	$1.2M	10x	as long as short
Bluefin HYPE-PERP	+0.0092%	1h	93.553	−0.058%	$79K	$167K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.581	−0.028%	$341K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.594	−0.015%	$16.1M	$62.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.590	−0.019%	$3.1M	$11.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.524	−0.089%	$77K	$1.1M	50x	as long as short
edgeX HYPEUSDC	+0.0097%	4h	93.351	−0.274%	$5.0M	$29.9M	30x	as long as short
Gate HYPE_USDT	+0.0098%	4h	93.565	−0.046%	$46.3M	$53.8M	75x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.510	−0.104%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERPshort	+0.0100%	1h	93.544	−0.067%	$7.0M	$47.8M	10x
Hyperliquid HYPE	+0.0100%	1h	93.584	−0.025%	$2.04B	$667.1M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.565	−0.045%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.574	−0.036%	$10.1M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.570	−0.040%	$375.3M	$910.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.573	−0.037%	$114.9M	$308.4M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.328	−0.299%	$203K	$3K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.517	−0.097%	$92.2M	$80.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.530	−0.083%	$46.2M	$18.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.556	−0.055%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.674	+0.071%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.379	−0.245%	$28.8M	$56.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.423	−0.198%	$7.5M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.617	+0.010%	$343K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.612	+0.005%	$669K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.585	−0.025%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.548	−0.064%	$490K	$2.7M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.544	−0.068%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.549	−0.063%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.563	−0.048%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.800	+0.205%	$1.4M	$6.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.539	−0.074%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.566	−0.044%	$396K	$161K	20x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.410	−0.211%	$30K	$339K	12x	as long as short
Kalshi KXHYPEPERP	+0.0141%	8h	93.635	+0.029%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.720	+0.120%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0267%	1h	93.508	−0.107%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.558	−0.054%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.642	+0.037%	$16.9M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0340%	1h	93.618	+0.011%	$20.9M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0391%	1h	93.649	+0.044%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.602	−0.006%	$3.2M	$6.3M	20x	as long as short