HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0333%/8h= −36.4% APRnext payment −$0.42 per $10,000 · paid last 24h −0.034%

Price spread now: Arcus against Nado−0.113%7-day average −0.021% · 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−$23as in the Price arb table

costs, in and out, $10k−$130.135% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.058%−$6 on $10k

Price spread, last 7 days+0.123%+$12 · spread now −0.113%, 7d avg −0.021%

Together, before fees+0.064%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Arcus is 0.093% cheaper against Nado than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.058% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 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	Nado HYPE-PERP	93.838	0.0100	pay 0.0012% / 1h	5m 19s	$5.7M	$44.4M	10x
Short	Arcus HYPE-USD	93.732	−0.0233	pay 0.0029% / 1h	5m 19s	$1.2M	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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 NadobpFee ArcusbpOrdersPrice spread, now −0.113%Rate

Funding earned: −$69.83
Price spread: −0.113% → −0.021%: −$9.26
Slippage, 4 orders: −$2
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$92.59
Costs to cover: 0.135%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; Arcus: 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 Nado live order book, 4 min ago	0.05 bp	3.6 bp −$4	5.4 bp −$54	23.2 bp −$2,317	doesn't fit
Sell Arcus live order book, 4 min ago	0.37 bp	2.7 bp −$3	4.1 bp −$41	23.2 bp −$2,323	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	−0.1360%	1h	93.771	−0.072%	$198K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0367%	1h	93.895	+0.060%	$22K	$22K	10x	as long as short
Arcus HYPE-USDshort	−0.0233%	1h	93.732	−0.113%	$1.2M	$3.8M	10x
Ondo Perps HYPE-USD.P	−0.0126%	1h	93.760	−0.084%	$704K	$919K	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.817	−0.023%	$86K	$368K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.842	+0.004%	$3K	$331	25x	as long as short
Derive HYPE-PERP	−0.0010%	1h	93.784	−0.058%	$16.4M	$7.2M	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0004%	4h	93.844	+0.006%	$170K	$593K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.866	+0.029%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.854	+0.017%	$23K	$329K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.864	+0.027%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	93.978	+0.149%	$217K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0014%	4h	93.832	−0.006%	$8.9M	$36.1M	300x	as long as short
Bybit HYPEUSDT	+0.0019%	8h	93.830	−0.009%	$322.8M	$283.8M	75x	as long as short
Phemex HYPEUSDT	+0.0038%	8h	93.826	−0.013%	$12.8M	$2.6M	50x	as long as short
Binance HYPEUSDT	+0.0047%	4h	93.838	−0.001%	$383.6M	$898.2M	75x	as long as short
MEXC HYPE_USDT	+0.0048%	4h	93.830	−0.009%	$88.2M	$82.3M	100x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	93.830	−0.009%	$60K	$1.2M	50x	as long as short
edgeX HYPEUSDC	+0.0064%	4h	93.859	+0.022%	$5.1M	$29.7M	30x	as long as short
Gate HYPE_USDT	+0.0066%	4h	93.832	−0.007%	$44.1M	$60.0M	75x	as long as short
Bullet HYPE-USD	+0.0087%	1h	93.827	−0.012%	$112K	$578K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0088%	8h	93.837	−0.002%	$115.7M	$322.4M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.916	+0.083%	$18.9M	$60.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.858	+0.021%	$3.0M	$12.3M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.865	+0.028%	$399K	$318K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.820	−0.020%	$36K	$1.6M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.874	+0.038%	$341K	$171K	20x	as long as short
Nado HYPE-PERPlong	+0.0100%	1h	93.838	long leg	$5.7M	$44.4M	10x
Hyperliquid HYPE	+0.0100%	1h	93.931	+0.099%	$2.04B	$679.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.850	+0.012%	$10.1M	$14.5M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.889	+0.054%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.837	−0.002%	$46.5M	$18.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.855	+0.018%	$227.3M	$102.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.837	−0.002%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.869	+0.033%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.812	−0.028%	$31.3M	$54.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.967	+0.137%	$7.6M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.849	+0.011%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.908	+0.074%	$679K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.866	+0.030%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.853	+0.015%	$470K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.864	+0.027%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.862	+0.025%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.861	+0.024%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+0.609%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.834	−0.005%	$18.3M	$42.8M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	93.940	+0.108%	$4.9M	$5.7M	50x	as long as short
Kalshi KXHYPEPERP	+0.0156%	8h	93.911	+0.077%	$1.9M	$5.0M	2.3x	as long as short
BloFin HYPE-USDT	+0.0187%	4h	93.859	+0.022%	$17.0M	$12.5M	75x	as long as short
HTX HYPE-USDT	+0.0192%	4h	94.012	+0.185%	$1.5M	$7.8M	75x	as long as short
Reya HYPERUSDPERP	+0.0250%	1h	93.822	−0.018%	$77K	$142K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0261%	1h	93.954	+0.123%	$7.5M	$4.6M	50x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	93.879	+0.043%	$2.8M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0163%	1h	93.856	+0.019%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0577%	1h	93.980	+0.151%	$21.0M	$29.5M	50x	as long as short