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 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%
Price spread now: Nado against Lighter RH−0.013%7-day average +0.008% · 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−$13as in the Price arb table
costs, in and out, $10k−$110.110% of the position
Long on Lighter RHShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.013%−$1 on $10k
Price spread, last 7 days+0.028%+$3 · spread now −0.013%, 7d avg +0.008%
Together, before fees+0.015%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board+$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.022% cheaper against Lighter RH than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH HYPE93.8860.0096pay 0.0012% / 1h7m 12s$3.0M$12.2M20x
ShortNado HYPE-PERP93.8740.0100get 0.0012% / 1h7m 12s$6.6M$44.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Lighter RH. 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
$0.84
Price spread: −0.013% → +0.008%
−$2.16
Slippage, 4 orders
−$3.98
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$12.31
Costs to cover
0.110%
Break-even
109.5 days
Slippage from Lighter RH: live order book, 7 min ago; Nado: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 7 min ago0.05 bp1.1 bp −$14.3 bp −$4333.7 bp −$3,369doesn't fit
Sell Nado live order book, 7 min ago0.05 bp3.7 bp −$45.9 bp −$5927.2 bp −$2,716doesn't fit

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−0.1152%1h93.929+0.045%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.779−0.114%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0207%1h93.950+0.068%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0097%1h93.860−0.028%$710K$958K10xas long as short
dYdX HYPE-USD−0.0085%1h93.911+0.027%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h93.865−0.022%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.895+0.010%$3K$33125xas long as short
Phemex HYPEUSDT−0.0054%8h93.917+0.033%$12.8M$2.6M50xas long as short
Bullet HYPE-USD−0.0049%1h93.849−0.040%$113K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0032%4h93.846−0.043%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0016%4h93.862−0.026%$44.4M$60.3M75xas long as short
Perpl HYPE0.0000%43m93.909+0.024%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.8860.000%$27K—150xas long as short
Aster HYPEUSDT+0.0009%4h93.876−0.011%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0010%1h93.817−0.073%$16.4M$7.6M10xas long as short
Bybit HYPEUSDT+0.0020%8h93.860−0.028%$323.1M$279.0M75xas long as short
Phoenix HYPE+0.0034%1h94.045+0.169%$214K$1.2M10xas long as short
Binance HYPEUSDT+0.0054%4h93.867−0.020%$383.3M$893.7M75xas long as short
edgeX HYPEUSDC+0.0055%4h94.001+0.123%$5.1M$29.7M30xas long as short
MEXC HYPE_USDT+0.0056%4h93.867−0.020%$88.3M$83.3M100xas long as short
OKX HYPE-USDT-SWAP+0.0072%8h93.858−0.030%$116.0M$314.8M50xas long as short
Bluefin HYPE-PERP+0.0088%1h93.848−0.040%$76K$170K20xas long as short
Lighter HYPE+0.0096%1h93.900+0.015%$18.9M$60.7M20xas long as short
Lighter RH HYPElong+0.0096%1h93.886long leg$3.0M$12.2M20x
Popdex HYPEUSDT+0.0096%1h93.864−0.023%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.840−0.049%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.921+0.037%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.890+0.004%$31K$1.6M10xas long as short
Nado HYPE-PERPshort+0.0100%1h93.874−0.013%$6.6M$44.6M10x
Hyperliquid HYPE+0.0100%1h93.926+0.043%$2.05B$668.4M10xas long as short
Pacifica HYPE+0.0100%1h93.923+0.039%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.877−0.010%$46.6M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.870−0.017%$227.3M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.859−0.029%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.807−0.084%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.920+0.036%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.999+0.120%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.020+0.143%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.897+0.012%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.913+0.029%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.898+0.013%$474K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.917+0.033%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.871−0.016%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.894+0.008%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.849−0.039%$18.4M$45.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.900+0.015%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.810−0.081%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0218%4h93.919+0.035%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.915+0.031%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0244%8h93.947+0.065%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.857−0.031%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0156%1h93.8860.000%$1.4M—100xas long as short
HTX HYPE-USDT+0.0367%4h94.069+0.195%$1.5M$5.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0410%1h93.963+0.082%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.955+0.073%$20.9M$29.8M50xas long as short