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Funding arb · Price arb /

HYPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Bitget against Nado+0.092%7-day average −0.016% · 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−$14as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Long on NadoShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.011%−$1 on $10k
Price spread, last 7 days−0.094%−$9 · spread now +0.092%, 7d avg −0.016%
Together, before fees−0.105%+ Points / potential airdropNado: Active · farm board−$11 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: Bitget is 0.107% dearer against Nado than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.0480.0100pay 0.0012% / 1h53m 58s$6.5M$44.7M10x
ShortBitget HYPEUSDT93.1340.0100get 0.0050% / 4h2h 53m$225.4M$100.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Nado. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.092% → −0.016%
$10.74
Slippage, 4 orders
−$5.4
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$13.67
Costs to cover
0.244%
Break-even
1404003231688918.5 days
Slippage from Nado: live order book, 5 min ago; Bitget: live order book, 5 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 Nado live order book, 5 min ago0.05 bp3.6 bp −$46.7 bp −$6729.7 bp −$2,971doesn't fit
Sell Bitget live order book, 5 min ago0.70 bp8.7 bp −$911.8 bp −$118doesn't fitdoesn'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−0.1080%1h93.025−0.025%$196K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h92.955−0.100%$1.2M$3.9M10xas long as short
ApeX Omni HYPEUSDT−0.0434%1h93.179+0.140%$337K$1.1M50xas long as short
Backpack HYPE_USDC_PERP−0.0214%1h93.099+0.054%$7.8M$10.6M20xas long as short
Aftermath Perps HYPEUSD−0.0195%1h93.309+0.280%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0096%1h93.022−0.028%$84K$360K20xas long as short
Ondo Perps HYPE-USD.P−0.0086%1h93.040−0.009%$702K$963K10xas long as short
Gate HYPE_USDT−0.0082%4h93.143+0.102%$44.1M$53.5M75xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.065+0.018%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0046%4h93.089+0.044%$158K$648K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0036%4h93.145+0.104%$8.9M$36.2M300xas long as short
Bluefin HYPE-PERP−0.0031%1h93.141+0.099%$79K$173K20xas long as short
dYdX HYPE-USD0.0000%1h93.099+0.054%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.098+0.053%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.141+0.099%$25K—150xas long as short
BingX HYPE-USDT+0.0016%4h93.158+0.118%—$54.2M—as long as short
Bybit HYPEUSDT+0.0028%8h93.110+0.066%$319.2M$281.7M75xas long as short
Phoenix HYPE+0.0034%1h93.318+0.290%$212K$1.2M10xas long as short
Binance HYPEUSDT+0.0035%4h93.133+0.091%$378.7M$902.1M75xas long as short
MEXC HYPE_USDT+0.0036%4h93.139+0.097%$85.8M$81.5M100xas long as short
Derive HYPE-PERP+0.0039%1h93.100+0.055%$16.2M$7.6M10xas long as short
edgeX HYPEUSDC+0.0059%4h93.202+0.164%$5.0M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0066%8h93.125+0.082%$115.0M$314.0M50xas long as short
Bullet HYPE-USD+0.0067%1h93.118+0.074%$112K$578K20xas long as short
Phemex HYPEUSDT+0.0072%8h93.170+0.131%$12.6M$2.7M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.144+0.103%$396K$177K20xas long as short
Lighter HYPE+0.0096%1h93.158+0.118%$17.8M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.157+0.117%$3.0M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.022−0.028%$64K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.150+0.110%$338K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.020−0.031%$37K$1.6M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.048long leg$6.5M$44.7M10x
Hyperliquid HYPE+0.0100%1h93.205+0.168%$2.03B$669.0M10xas long as short
Pacifica HYPE+0.0100%1h93.141+0.099%$10.0M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.135+0.093%$45.9M$18.4M75xas long as short
Bitget HYPEUSDTshort+0.0100%4h93.134+0.092%$225.4M$100.7M75x
Variational Omni HYPE+0.0100%8h92.991−0.062%$30.4M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.196+0.159%$7.5M$46.3M10xas long as short
StandX HYPE-USD+0.0100%1h93.076+0.030%$664K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.113+0.069%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.090+0.045%$473K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.129+0.087%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.149+0.108%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.250+0.217%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.126+0.083%$18.3M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.090+0.045%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h92.930−0.127%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0145%4h93.121+0.078%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.079+0.033%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0252%8h93.172+0.133%$1.9M$5.2M2.3xas long as short
Reya HYPERUSDPERP+0.0253%1h93.067+0.020%$79K$142K15xas long as short
HTX HYPE-USDT+0.0303%4h93.298+0.268%$1.5M$6.1M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.134+0.092%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0651%1h93.264+0.232%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0684%1h93.240+0.205%$20.8M$29.9M50xas long as short