Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0177%/8h= −19.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.013%
Price spread now: Ondo Perps against Nado+0.042%7-day average −0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on NadoShort on Ondo Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.055%−$6 on $10k
Price spread, last 7 days−0.385%−$39 · spread now +0.042%, 7d avg −0.009%
Together, before fees−0.440%+ Points / potential airdropNado: Active · Ondo Perps: Active · farm board−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.051% dearer against Nado than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.009%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 3 days (−0.055% in total) that is about 3.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.8200.0100pay 0.0012% / 1h24m 42s$5.7M$45.1M10x
ShortOndo Perps HYPE-USD.P93.860−0.0077pay 0.0010% / 1h24m 42s$703K$929K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$37.13
Price spread: +0.042% → −0.009%
$5.08
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$44.05
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 4 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 4 min ago0.05 bp3.8 bp −$46.0 bp −$6025.3 bp −$2,530doesn't fit
Sell Ondo Perps no order-book sample—————
Ondo Perps: 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 54 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−0.0968%1h93.788−0.035%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.740−0.086%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0135%1h93.774−0.050%$22K$21K10xas long as short
Phemex HYPEUSDT−0.0129%8h93.855+0.037%$12.7M$2.7M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.874+0.057%$3K$33125xas long as short
Ondo Perps HYPE-USD.Pshort−0.0077%1h93.860+0.042%$703K$929K10x
Orderly PERP_HYPE_USDC−0.0057%4h93.891+0.075%$157K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.884+0.068%$85K$350K20xas long as short
Backpack HYPE_USDC_PERP−0.0041%1h93.842+0.023%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0028%4h93.858+0.040%$44.4M$55.1M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0002%4h93.851+0.033%—$53.7M—as long as short
Aster HYPEUSDT−0.0001%4h93.858+0.039%$8.9M$35.9M300xas long as short
dYdX HYPE-USD0.0000%1h93.936+0.123%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.907+0.092%$22K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.927+0.113%$26K—150xas long as short
Bybit HYPEUSDT+0.0005%8h93.818−0.003%$322.2M$281.2M75xas long as short
Phoenix HYPE+0.0060%1h93.904+0.089%$213K$1.2M10xas long as short
MEXC HYPE_USDT+0.0068%4h93.835+0.015%$87.8M$82.9M100xas long as short
Binance HYPEUSDT+0.0068%4h93.866+0.049%$382.1M$893.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0069%8h93.821+0.001%$115.3M$308.5M50xas long as short
Bullet HYPE-USD+0.0074%1h93.914+0.099%$112K$578K20xas long as short
edgeX HYPEUSDC+0.0079%4h93.907+0.092%$5.1M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.905+0.090%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.891+0.075%$16.4M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.886+0.070%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.866+0.048%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.922+0.108%$400K$177K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.860+0.042%$21K$1.6M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.820long leg$5.7M$45.1M10x
Hyperliquid HYPE+0.0100%1h93.967+0.156%$2.05B$665.5M10xas long as short
Pacifica HYPE+0.0100%1h93.882+0.066%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.889+0.073%$46.5M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.881+0.064%$227.5M$98.6M75xas long as short
Variational Omni HYPE+0.0100%8h93.910+0.095%$31.1M$54.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.889+0.073%$7.6M$47.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.834+0.014%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.920+0.106%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.922+0.108%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.921+0.107%$474K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.898+0.083%$80K$172K20xas long as short
Derive HYPE-PERP+0.0100%1h93.891+0.075%$16.3M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.949+0.137%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.904+0.089%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.880+0.063%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.836+0.017%$18.3M$44.3M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.960+0.149%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.760−0.064%$30K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.936+0.123%$3.2M$7.0M20xas long as short
HTX HYPE-USDT+0.0212%4h94.019+0.212%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0255%1h93.886+0.069%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0274%8h93.918+0.104%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.922+0.108%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0495%1h94.008+0.200%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0678%1h94.001+0.192%$21.0M$29.8M50xas long as short