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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: Bulk against Nado−0.066%7-day average +0.038% · 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−$26as in the Price arb table
costs, in and out, $10k−$160.158% of the position
Long on NadoShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.017%+$2 on $10k
Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.066%, 7d avg +0.038%
Together, before fees+0.116%+ Points / potential airdropNado: Active · farm board+$12 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: Bulk is 0.104% cheaper against Nado than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.3970.0100pay 0.0012% / 1h44m 11s$6.0M$44.3M10x
ShortBulk HYPE-USD93.3350.0100get 0.0013% / 1h44m 11s$204K$12K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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

Funding earned
$0
Price spread: −0.066% → +0.038%
−$10.43
Slippage, 4 orders
−$1.82
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$26.25
Costs to cover
0.158%
Break-even
2696639279514502.5 days
Slippage from Nado: live order book, 5 min ago; Bulk: live order book, 44 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 bp3.7 bp −$46.4 bp −$6424.2 bp −$2,420doesn't fit
Sell Bulk live order book, 44 min ago0.53 bp4.4 bp −$46.4 bp −$6414.7 bp −$1,47143.8 bp −$21.9K

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−0.1240%1h93.370−0.030%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0218%1h93.330−0.072%$701K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0193%1h93.399+0.002%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.415+0.019%$89K$346K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.388−0.010%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.427+0.032%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.484+0.093%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.394−0.003%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.430+0.034%$19K—150xas long as short
Aster HYPEUSDT+0.0013%4h93.390−0.008%$8.9M$36.0M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT+0.0016%4h93.389−0.009%$44.2M$56.3M75xas long as short
Derive HYPE-PERP+0.0017%1h93.355−0.046%$16.4M$7.1M10xas long as short
Bullet HYPE-USD+0.0030%1h93.411+0.014%$112K$583K20xas long as short
Bybit HYPEUSDT+0.0039%8h93.390−0.008%$325.3M$287.9M75xas long as short
Phoenix HYPE+0.0068%1h93.408+0.011%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0074%4h93.412+0.016%$180K$536K20xas long as short
Lighter HYPE+0.0096%1h93.460+0.067%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.430+0.035%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.390−0.008%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.520+0.131%$40K$1.7M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.397long leg$6.0M$44.3M10x
Hyperliquid HYPE+0.0100%1h93.469+0.077%$2.04B$669.3M10xas long as short
Pacifica HYPE+0.0100%1h93.391−0.007%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.395−0.003%$385.7M$888.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.391−0.007%$114.8M$315.5M50xas long as short
Arcus HYPE-USD+0.0100%1h93.374−0.025%$1.2M$4.0M10xas long as short
Bulk HYPE-USDshort+0.0100%1h93.335−0.066%$204K$12K10x
MEXC HYPE_USDT+0.0100%4h93.397−0.001%$93.0M$81.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.411+0.014%$46.3M$19.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.413+0.017%$226.9M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.392−0.006%—$54.3M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.415+0.019%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375−0.024%$28.8M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.445+0.051%$7.5M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.456+0.063%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.481+0.089%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.440+0.045%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.423+0.027%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.402+0.005%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.439+0.044%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.389−0.009%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.407+0.010%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.411+0.015%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.378−0.021%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.405+0.008%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.435+0.040%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.500+0.110%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0232%1h93.499+0.109%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.400+0.003%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.330−0.072%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.443+0.049%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.405+0.008%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0373%4h93.536+0.148%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.462+0.069%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.491+0.100%$19.2M$25.9M50xas long as short