Funding you earn now, next payment 04:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h +0.003%
Price spread now: BingX against Nado+0.016%7-day average −0.012% · 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−$15as in the Price arb table
costs, in and out, $10k−$180.182% of the position
Funding, last 3 days (all we have)−0.042%−$4 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now +0.016%, 7d avg −0.012%
=Together, before fees−0.065%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.028% dearer against Nado than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.012%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado HYPE-PERP | 92.864 | 0.0100 | pay 0.0012% / 1h | 1m 25s | $7.4M | $45.7M | 10x |
| Short | BingX HYPE-USDT | 92.879 | 0.0036 | get 0.0018% / 4h | 1m 25s | — | $53.5M | — |
Nado HYPE-PERP
BingX HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$13.44
- Price spread: +0.016% → −0.012%
- $2.75
- Slippage, 4 orders
- −$1.22
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$28.9
- Costs to cover
- 0.182%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; BingX: live order book, 2 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, 3 min ago | 0.05 bp | 4.3 bp −$4 | 7.3 bp −$73 | 25.1 bp −$2,508 | doesn't fit |
| Sell BingX live order book, 2 min ago | 0.16 bp | 5.2 bp −$5 | 8.0 bp −$80 | 12.2 bp −$1,217 | 16.2 bp −$8,122 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.859 | −0.006% | $1.1M | $3.9M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0424% | 1h | 92.753 | −0.120% | $194K | $225K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0277% | 1h | 92.822 | −0.046% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.875 | +0.011% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0064% | 4h | 92.852 | −0.013% | $157K | $653K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.865 | 0.000% | $127K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 92.919 | +0.059% | $86K | $361K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.890 | +0.028% | $22K | $302K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.898 | +0.036% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0025% | 8h | 92.865 | +0.001% | $12.5M | $2.7M | 50x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USD | +0.0031% | 1h | 92.850 | −0.015% | $111K | $579K | 20x | as long as short |
| BingX HYPE-USDTshort | +0.0036% | 4h | 92.879 | +0.016% | — | $53.5M | — | |
| Ondo Perps HYPE-USD.P | +0.0042% | 1h | 92.810 | −0.059% | $698K | $1.1M | 10x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.755 | −0.118% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0045% | 8h | 92.870 | +0.006% | $316.8M | $281.2M | 75x | as long as short |
| Aster HYPEUSDT | +0.0068% | 4h | 92.887 | +0.024% | $8.7M | $36.1M | 300x | as long as short |
| Bitget HYPEUSDT | +0.0088% | 4h | 92.873 | +0.009% | $224.8M | $98.7M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 92.901 | +0.039% | $339K | $163K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0095% | 4h | 92.845 | −0.021% | $4.9M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.887 | +0.024% | $16.1M | $62.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.896 | +0.034% | $3.1M | $11.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.903 | +0.041% | $69K | $1.1M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0097% | 8h | 92.880 | +0.017% | $113.9M | $303.6M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.880 | +0.017% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERPlong | +0.0100% | 1h | 92.864 | long leg | $7.4M | $45.7M | 10x | |
| Hyperliquid HYPE | +0.0100% | 1h | 92.916 | +0.055% | $2.02B | $663.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.910 | +0.049% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.898 | +0.036% | $373.2M | $901.9M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.800 | −0.069% | $202K | $13K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 92.904 | +0.043% | $44.5M | $55.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.892 | +0.030% | $88.2M | $81.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.904 | +0.043% | $46.1M | $18.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.877 | +0.013% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.689 | −0.189% | $28.5M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.903 | +0.041% | $7.5M | $46.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.856 | −0.009% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.868 | +0.004% | $667K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.919 | +0.059% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.916 | +0.055% | $469K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.867 | +0.003% | $79K | $168K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.838 | −0.028% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.839 | −0.027% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.882 | +0.019% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.000 | +0.146% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.877 | +0.013% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.850 | −0.016% | $393K | $164K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 92.960 | +0.103% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.920 | +0.060% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0226% | 8h | 92.925 | +0.065% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0263% | 1h | 92.874 | +0.010% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.867 | +0.002% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0331% | 1h | 92.962 | +0.105% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0331% | 1h | 92.933 | +0.074% | $20.6M | $30.4M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.869 | +0.005% | $16.8M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.962 | +0.105% | $3.2M | $6.4M | 20x | as long as short |
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
Phoenix HYPE
Bybit HYPEUSDT
Aster HYPEUSDT
Bitget HYPEUSDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
OKX HYPE-USDT-SWAP
Katana Perps HYPE-USD
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC