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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h +0.017%
Price spread now: Paradex against Nado+0.041%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$140.137% of the position
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)+0.202%+$20 · spread now +0.041%, 7d avg +0.022%
Together, before fees+0.219%+ Points / potential airdropNado: Active · Paradex: Active · farm board+$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.2640.0100pay 0.0012% / 1h1m 55s$6.8M$47.1M10x
ShortParadex HYPE-USD-PERP93.3030.0095get 0.0095% / 8h3h 01m$339K$162K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$1.01
Price spread: +0.041% → +0.022%
$1.87
Slippage, 4 orders
−$2.66
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$12.8
Costs to cover
0.137%
Break-even
never at this rate
Slippage from Nado: live order book, 2 min ago; Paradex: live order book, 52 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, 2 min ago0.05 bp3.6 bp −$45.9 bp −$5925.4 bp −$2,540doesn't fit
Sell Paradex live order book, 52 min ago1.18 bp3.2 bp −$36.7 bp −$67doesn'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−0.1880%1h93.444+0.193%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0325%1h93.243−0.023%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.213−0.055%$1.0M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.324+0.064%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0043%4h93.242−0.024%$146K$669K20xas long as short
Ondo Perps HYPE-USD.P−0.0014%1h93.240−0.026%$702K$1.2M10xas long as short
Bullet HYPE-USD−0.0010%1h93.233−0.034%$111K$578K20xas long as short
dYdX HYPE-USD0.0000%1h93.328+0.068%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.277+0.013%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.279+0.016%$62K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0016%1h93.249−0.017%$87K$366K20xas long as short
Bybit HYPEUSDT+0.0024%8h93.280+0.017%$317.5M$283.8M75xas long as short
Phemex HYPEUSDT+0.0024%8h93.293+0.031%$12.6M$2.7M50xas long as short
Phoenix HYPE+0.0026%1h93.446+0.195%$209K$1.2M10xas long as short
Bitget HYPEUSDT+0.0028%4h93.269+0.005%$225.8M$99.0M75xas long as short
Gate HYPE_USDT+0.0050%4h93.306+0.044%$45.8M$55.2M75xas long as short
Popdex HYPEUSDT+0.0056%1h93.232−0.035%$76K$1.1M50xas long as short
Paradex HYPE-USD-PERPshort+0.0095%8h93.303+0.041%$339K$162K20x
Lighter HYPE+0.0096%1h93.269+0.005%$16.0M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.283+0.020%$3.1M$11.7M20xas long as short
edgeX HYPEUSDC+0.0098%4h93.361+0.104%$5.0M$29.8M30xas long as short
Katana Perps HYPE-USD+0.0099%8h93.240−0.026%$12K$1.7M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.264long leg$6.8M$47.1M10x
Hyperliquid HYPE+0.0100%1h93.319+0.059%$2.03B$665.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.300+0.038%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.267+0.003%$10.0M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.287+0.025%$374.2M$910.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.294+0.032%$114.6M$306.0M50xas long as short
Bulk HYPE-USD+0.0100%1h93.328+0.068%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.295+0.033%$91.8M$81.7M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.296+0.034%$46.1M$18.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.301+0.039%$53.8Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.309+0.048%$7.3M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.319+0.058%$28.8M$56.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.407+0.153%$7.5M$47.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.261−0.004%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.424+0.171%$668K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.318+0.057%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.270+0.006%$489K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.237−0.029%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.233−0.034%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.294+0.032%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.260−0.005%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.400+0.145%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.256−0.009%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.254−0.011%$394K$164K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.340+0.081%$4.7M$5.6M50xas long as short
Kalshi KXHYPEPERP+0.0150%8h93.282+0.019%$1.8M$5.5M2.3xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.327+0.068%$20.7M$29.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.360+0.102%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0267%1h93.238−0.029%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.266+0.002%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.308+0.047%$16.8M$11.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0404%1h93.351+0.093%$7.5M$4.3M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.303+0.042%$3.2M$6.3M20xas long as short