HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.05 per $10,000 · paid last 24h +0.002%

Price spread now: Coinbase International against Nado−0.004%7-day average −0.019% · 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−$25as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.118%−$12 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now −0.004%, 7d avg −0.019%

Together, before fees−0.142%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.118%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HYPE-PERP	93.963	0.0100	pay 0.0012% / 1h	27m 16s	$5.8M	$45.1M	10x
Short	Coinbase International HYPE-PERP-INTX	93.960	0.0136	get 0.0017% / 1h	27m 16s	$4.9M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.004%Rate

Funding earned: $7.56
Price spread: −0.004% → −0.019%: $1.52
Slippage, 4 orders: −$9.23
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$17.15
Costs to cover: 0.262%
Break-even: 22.9 days

Slippage from Nado: live order book, 2 min ago; Coinbase International: 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, 2 min ago	0.05 bp	3.8 bp −$4	6.0 bp −$60	25.3 bp −$2,530	doesn't fit
Sell Coinbase International live order book, 2 min ago	3.73 bp	9.5 bp −$9	15.0 bp −$150	39.2 bp −$3,918	doesn't fit

HYPE on 54 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	−0.0920%	1h	93.818	−0.155%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.807	−0.167%	$1.2M	$3.8M	10x	as long as short
Phemex HYPEUSDT	−0.0156%	8h	93.853	−0.118%	$12.7M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0140%	1h	93.712	−0.268%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0083%	1h	93.910	−0.057%	$701K	$938K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.973	+0.010%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0056%	4h	93.869	−0.101%	$157K	$648K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	93.919	−0.047%	$85K	$350K	20x	as long as short
Backpack HYPE_USDC_PERP	−0.0045%	1h	93.914	−0.053%	$7.8M	$10.3M	20x	as long as short
Gate HYPE_USDT	−0.0036%	4h	93.919	−0.047%	$44.5M	$54.9M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	−0.0002%	4h	93.897	−0.071%	—	$53.7M	—	as long as short
Aster HYPEUSDT	0.0000%	4h	93.951	−0.013%	$8.9M	$35.9M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.946	−0.019%	$129K	$31K	5x	as long as short
Bybit HYPEUSDT	0.0000%	8h	93.837	−0.135%	$322.3M	$281.2M	75x	as long as short
Perpl HYPE	0.0000%	43m	93.929	−0.037%	$22K	$326K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.910	−0.057%	$26K	—	150x	as long as short
Phoenix HYPE	+0.0060%	1h	93.904	−0.063%	$211K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0064%	4h	93.911	−0.056%	$88.0M	$82.8M	100x	as long as short
Bullet HYPE-USD	+0.0064%	1h	93.922	−0.044%	$112K	$578K	20x	as long as short
Binance HYPEUSDT	+0.0068%	4h	93.859	−0.111%	$382.0M	$894.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0068%	8h	93.846	−0.125%	$115.4M	$309.2M	50x	as long as short
edgeX HYPEUSDC	+0.0071%	4h	93.800	−0.174%	$5.1M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	94.013	+0.053%	$341K	$164K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.887	−0.082%	$16.4M	$62.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.878	−0.091%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.903	−0.064%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.891	−0.077%	$399K	$177K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.843	−0.128%	$16.3M	$7.7M	10x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.890	−0.078%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERPlong	+0.0100%	1h	93.963	long leg	$5.8M	$45.1M	10x
Hyperliquid HYPE	+0.0100%	1h	94.026	+0.067%	$2.05B	$672.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.988	+0.027%	$10.1M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.939	−0.026%	$46.5M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.869	−0.101%	$227.1M	$98.6M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.610	−0.376%	$31.0M	$54.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.824	−0.148%	$7.6M	$47.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.834	−0.138%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.837	−0.135%	$670K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.972	+0.009%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.958	−0.006%	$474K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.829	−0.143%	$79K	$172K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.969	+0.006%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.859	−0.111%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.348	−0.655%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.833	−0.139%	$18.3M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0136%	1h	93.960	−0.004%	$4.9M	$5.5M	50x
Injective HYPE/USDC PERP	+0.0137%	1h	93.920	−0.046%	$31K	$339K	12x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.978	+0.015%	$3.2M	$7.0M	20x	as long as short
HTX HYPE-USDT	+0.0218%	4h	94.130	+0.177%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0255%	1h	93.901	−0.066%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0272%	8h	93.955	−0.009%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0156%	1h	93.921	−0.045%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0357%	1h	93.959	−0.005%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0679%	1h	93.949	−0.015%	$21.0M	$29.8M	50x	as long as short