Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Derive against Nado−0.044%7-day average −0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.044%, 7d avg −0.024%
=Together, before fees−0.042%+ Points / potential airdropNado: Active · farm board−$4 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: Derive is 0.021% cheaper against Nado than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado HYPE-PERP | 93.065 | 0.0100 | pay 0.0012% / 1h | 11m 54s | $6.8M | $46.5M | 10x |
| Short | Derive HYPE-PERP | 93.024 | 0.0100 | get 0.0013% / 1h | 11m 54s | $16.0M | $7.5M | 10x |
Nado HYPE-PERP
Derive HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $0
- Price spread: −0.044% → −0.024%
- −$2.06
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$15.06
- Costs to cover
- 0.130%
- Break-even
- 1546779740724422.0 days
Slippage unknown: Nado: live order book, 2 min ago; Derive: no order-book sample. Net counts fees only.
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 | 3.6 bp −$4 | 5.3 bp −$53 | 25.6 bp −$2,559 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1800% | 1h | 93.146 | +0.086% | $194K | $231K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0310% | 1h | 93.023 | −0.046% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 93.014 | −0.055% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.086 | +0.022% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0053% | 4h | 93.023 | −0.046% | $146K | $674K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.075 | +0.010% | $128K | $29K | 5x | as long as short |
| Ondo Perps HYPE-USD.P | 0.0000% | 1h | 92.980 | −0.092% | $701K | $1.1M | 10x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.065 | −0.001% | $22K | $293K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.055 | −0.011% | $62K | — | 150x | as long as short |
| Bullet HYPE-USD | +0.0012% | 1h | 93.017 | −0.052% | $111K | $578K | 20x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Ondo Perps HYPE-USD.P
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bullet HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange HYPEUSD | +0.0024% | 1h | 93.058 | −0.008% | $87K | $365K | 20x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.056 | −0.010% | $208K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0027% | 8h | 93.030 | −0.038% | $317.4M | $284.3M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0029% | 8h | 93.021 | −0.048% | $12.6M | $2.7M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0038% | 4h | 93.039 | −0.028% | $225.1M | $98.8M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0048% | 1h | 93.031 | −0.037% | $76K | $1.1M | 50x | as long as short |
| Gate HYPE_USDT | +0.0054% | 4h | 93.039 | −0.028% | $45.4M | $54.7M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0094% | 4h | 93.059 | −0.007% | $4.9M | $29.8M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 93.063 | −0.002% | $339K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.051 | −0.015% | $16.0M | $62.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.056 | −0.010% | $3.1M | $11.6M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.020 | −0.049% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERPlong | +0.0100% | 1h | 93.065 | long leg | $6.8M | $46.5M | 10x | |
| Hyperliquid HYPE | +0.0100% | 1h | 93.100 | +0.037% | $2.03B | $669.9M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.058 | −0.008% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.052 | −0.015% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.054 | −0.012% | $373.5M | $910.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.059 | −0.007% | $113.9M | $305.3M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.125 | +0.064% | $203K | $3K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.038 | −0.030% | $91.4M | $81.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.034 | −0.034% | $46.1M | $18.5M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.043 | −0.024% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.070 | +0.005% | $7.3M | $11.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.999 | −0.072% | $28.6M | $56.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.078 | +0.013% | $7.5M | $46.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.266 | +0.215% | $342K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.057 | −0.009% | $665K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.103 | +0.040% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.058 | −0.008% | $488K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.046 | −0.021% | $79K | $167K | 20x | as long as short |
| Derive HYPE-PERPshort | +0.0100% | 1h | 93.024 | −0.044% | $16.0M | $7.5M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.094 | +0.031% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.037 | −0.031% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.167 | +0.109% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.004 | −0.066% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.036 | −0.031% | $393K | $164K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0126% | 8h | 93.097 | +0.034% | $1.8M | $5.5M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.220 | +0.166% | $4.7M | $5.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0196% | 1h | 93.120 | +0.059% | $20.7M | $29.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.410 | +0.370% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0266% | 1h | 93.019 | −0.050% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 93.053 | −0.013% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.113 | +0.051% | $16.8M | $11.8M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0491% | 1h | 93.135 | +0.075% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 93.100 | +0.037% | $3.2M | $6.3M | 20x | as long as short |
01 Exchange HYPEUSD
Phoenix HYPE
Bybit HYPEUSDT
Phemex HYPEUSDT
Bitget HYPEUSDT
Popdex HYPEUSDT
Gate HYPE_USDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
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
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC