HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.020%

Price spread now: Nado against gTrade (Gains Network)+0.052%54s7-day average −0.015% · 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—prices read too far apart to compare

costs, in and out, $10k−$2782.784% of the position

Long on gTrade (Gains Network)Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.052%, 7d avg −0.015%

Together, before fees−0.099%+ Points / potential airdropNado: Active · farm board−$10 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 0.067% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.015%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	95.137	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	3m 32s	$87K	—	150x
Short	Nado HYPE-PERP	95.186	0.0100	get 0.0012% / 1h	3m 32s	$7.3M	$55.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee NadobpOrdersPrice spread, now +0.052%Rate

Funding earned: $20.61
Price spread: +0.052% → −0.015%: $6.72
Slippage, 4 orders: −$261.4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$251.07
Costs to cover: 2.784%
Break-even: 92.3 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 60 min ago; Nado: live order book, 6 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 gTrade (Gains Network) virtual book (oracle venue), 60 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	731.2 bp −$73.1K	7341.5 bp −$3.67M
Sell Nado live order book, 6 min ago	0.05 bp	3.7 bp −$4	5.6 bp −$56	29.3 bp −$2,931	doesn't fit

HYPE on 54 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	−0.1008%	1h	95.068	−0.072%	$212K	$265K	7x	as long as short
Bluefin HYPE-PERP	−0.0543%	1h	95.116	−0.022%	$79K	$148K	20x	as long as short
Phemex HYPEUSDT	−0.0236%	8h	95.135	−0.002%	$13.0M	$2.8M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0231%	1h	95.224	+0.091%	$22K	$19K	10x	as long as short
Bullet HYPE-USD	−0.0206%	1h	95.165	+0.029%	$113K	$580K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0143%	1h	95.100	−0.039%	$696K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	95.171	+0.036%	$91K	$357K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	95.149	+0.012%	$1.0M	$3.1M	10x	as long as short
dYdX HYPE-USD	−0.0103%	1h	95.179	+0.044%	$131K	$93K	5x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.190	+0.055%	$3K	$331	25x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0052%	4h	95.170	+0.034%	$53.1M	$57.0M	75x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	95.143	+0.006%	$18.9M	$35.6M	50x	as long as short
Vest HYPE-PERP	−0.0021%	1h	95.225	+0.092%	—	$97K	5x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	95.117	−0.021%	$148K	$668K	20x	as long as short
Bybit HYPEUSDT	−0.0004%	8h	95.167	+0.031%	$319.9M	$282.9M	75x	as long as short
BingX HYPE-USDT	−0.0004%	4h	95.175	+0.040%	—	$50.4M	—	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.280	+0.150%	$1.9M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	95.184	+0.050%	$19K	$272K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0001%	1h	95.137	long leg	$87K	—	150x
Phoenix HYPE	+0.0008%	1h	95.295	+0.166%	$204K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	95.170	+0.034%	$4.7M	$5.7M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0032%	8h	95.158	+0.022%	$118.8M	$321.7M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0047%	8h	95.194	+0.060%	$340K	$38K	20x	as long as short
Bitget HYPEUSDT	+0.0048%	4h	95.163	+0.027%	$228.6M	$93.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0057%	1h	95.087	−0.053%	$7.5M	$10.1M	20x	as long as short
Aster HYPEUSDT	+0.0083%	4h	95.162	+0.026%	$9.0M	$36.4M	300x	as long as short
SoDEX HYPE-USD	+0.0089%	1h	95.139	+0.002%	$2.1M	$1.7M	10x	as long as short
edgeX HYPEUSDC	+0.0096%	4h	95.176	+0.041%	$5.1M	$31.1M	30x	as long as short
Lighter HYPE	+0.0096%	1h	95.164	+0.028%	$16.3M	$64.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.180	+0.045%	$3.2M	$10.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.159	+0.023%	$273K	$1.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.140	+0.003%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERPshort	+0.0100%	1h	95.186	+0.052%	$7.3M	$55.5M	10x
Hyperliquid HYPE	+0.0100%	1h	95.299	+0.170%	$2.10B	$673.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.200	+0.066%	$10.3M	$14.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	95.153	+0.017%	$382.9M	$909.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.176	+0.041%	$222K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.177	+0.042%	$87.2M	$89.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.180	+0.045%	$47.5M	$18.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.229	+0.097%	$29.9M	$55.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.148	+0.011%	$7.7M	$43.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.146	+0.009%	$349K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.194	+0.060%	$692K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.190	+0.055%	$500K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.063	−0.078%	$33K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.289	+0.160%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.146	+0.009%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.160	+0.024%	$402K	$136K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.210	+0.077%	$3.2M	$6.2M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0149%	1h	95.234	+0.102%	$7.5M	$4.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.480	+0.360%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	95.142	+0.005%	$85K	$92K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.211	+0.078%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.168	+0.032%	$17.2M	$12.3M	75x	as long as short