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Funding arb · Price arb /

HYPE

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Alert: spread
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Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: Polymarket Perps against Nado+0.074%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$160.161% of the position
Long on NadoShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 7 days−0.145%−$15 · spread now +0.074%, 7d avg −0.052%
Together, before fees−0.149%+ Points / potential airdropNado: Active · farm board−$15 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: Polymarket Perps is 0.126% dearer against Nado than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.9040.0100pay 0.0012% / 1h26m 38s$5.8M$45.1M10x
ShortPolymarket Perps HYPE-USD93.9740.0100get 0.0013% / 1h26m 38s$475K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: +0.074% → −0.052%
$12.65
Slippage, 4 orders
−$1.07
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$3.43
Costs to cover
0.161%
Break-even
352103055202338.5 days
Slippage from Nado: live order book, 2 min ago; Polymarket Perps: live order book, 2 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 bp3.8 bp −$46.0 bp −$6025.3 bp −$2,530doesn't fit
Sell Polymarket Perps live order book, 2 min ago0.27 bp4.3 bp −$45.6 bp −$5612.2 bp −$1,222doesn't fit

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−0.0920%1h93.818−0.092%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.821−0.089%$1.2M$3.8M10xas long as short
Phemex HYPEUSDT−0.0156%8h93.853−0.055%$12.7M$2.7M50xas long as short
Aftermath Perps HYPEUSD−0.0140%1h93.712−0.205%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0081%1h93.860−0.047%$703K$937K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.872−0.035%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.869−0.038%$157K$648K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.946+0.044%$85K$350K20xas long as short
Backpack HYPE_USDC_PERP−0.0044%1h93.821−0.089%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0030%4h93.882−0.024%$44.5M$54.9M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0002%4h93.911+0.007%—$53.7M—as long as short
Aster HYPEUSDT−0.0001%4h93.909+0.005%$8.9M$35.9M300xas long as short
dYdX HYPE-USD0.0000%1h93.869−0.038%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.929+0.026%$22K$326K10xas long as short
Bybit HYPEUSDT+0.0002%8h93.920+0.017%$322.5M$281.3M75xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.910+0.006%$26K—150xas long as short
Phoenix HYPE+0.0060%1h93.904−0.001%$211K$1.2M10xas long as short
Bullet HYPE-USD+0.0064%1h93.922+0.019%$112K$578K20xas long as short
MEXC HYPE_USDT+0.0066%4h93.895−0.010%$87.9M$82.9M100xas long as short
Binance HYPEUSDT+0.0068%4h93.928+0.025%$382.3M$893.6M75xas long as short
OKX HYPE-USDT-SWAP+0.0068%8h93.937+0.035%$115.4M$309.3M50xas long as short
edgeX HYPEUSDC+0.0071%4h93.800−0.111%$5.1M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.955+0.054%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.901−0.004%$16.4M$62.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.896−0.009%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.928+0.025%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.891−0.014%$399K$177K20xas long as short
Derive HYPE-PERP+0.0100%1h93.843−0.065%$16.3M$7.7M10xas long as short
Katana Perps HYPE-USD+0.0100%8h93.930+0.027%$21K$1.6M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.904long leg$5.8M$45.1M10x
Hyperliquid HYPE+0.0100%1h93.977+0.077%$2.05B$672.3M10xas long as short
Pacifica HYPE+0.0100%1h93.919+0.015%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.932+0.029%$46.5M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.919+0.015%$227.6M$98.6M75xas long as short
Variational Omni HYPE+0.0100%8h93.610−0.313%$31.0M$54.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.824−0.086%$7.6M$47.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.834−0.075%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.938+0.036%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.981+0.082%—$243K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.974+0.074%$475K$2.4M20x
Bluefin HYPE-PERP+0.0100%1h93.829−0.080%$79K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h93.969+0.069%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.859−0.048%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.880−0.026%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.892−0.013%$18.3M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.960+0.059%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.920+0.017%$31K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.994+0.095%$3.2M$7.0M20xas long as short
HTX HYPE-USDT+0.0218%4h94.130+0.240%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0255%1h93.901−0.003%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0272%8h93.955+0.054%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.921+0.018%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0357%1h93.959+0.058%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0679%1h93.949+0.048%$21.0M$29.8M50xas long as short