HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: Popdex against Nado+0.001%7-day average +0.001% · 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−$15as in the Price arb table

costs, in and out, $10k−$140.144% of the position

Long on Nado Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.001%, 7d avg +0.001%

Together, before fees−0.018%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HYPE-PERP	94.093	0.0100	pay 0.0012% / 1h	50m 26s	$5.9M	$44.2M	10x
Short	Popdex HYPEUSDT	94.094	0.0096	get 0.0012% / 1h	50m 26s	$64K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$0.84
Price spread: +0.001% → +0.001%: −$0.09
Slippage, 4 orders: −$1.04
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$15.36
Costs to cover: 0.144%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; Popdex: live order book, 4 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, 4 min ago	0.05 bp	4.1 bp −$4	6.7 bp −$67	24.1 bp −$2,412	doesn't fit
Sell Popdex live order book, 4 min ago	0.16 bp	3.4 bp −$3	4.3 bp −$43	27.2 bp −$2,717	doesn't fit

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	−0.0608%	1h	94.035	−0.062%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0466%	1h	93.904	−0.202%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	94.004	−0.095%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.110	+0.018%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.092	−0.001%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.113	+0.021%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.127	+0.036%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	94.035	−0.062%	$215K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0014%	4h	94.110	+0.018%	$176K	$526K	20x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	94.070	−0.025%	$324.6M	$281.3M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0037%	4h	94.108	+0.016%	$8.9M	$35.8M	300x	as long as short
Ondo Perps HYPE-USD.P	+0.0037%	1h	94.020	−0.078%	$704K	$908K	10x	as long as short
Phemex HYPEUSDT	+0.0067%	8h	94.047	−0.049%	$12.8M	$2.6M	50x	as long as short
Gate HYPE_USDT	+0.0072%	4h	94.098	+0.005%	$44.5M	$58.0M	75x	as long as short
edgeX HYPEUSDC	+0.0073%	4h	93.924	−0.180%	$5.1M	$29.7M	30x	as long as short
MEXC HYPE_USDT	+0.0074%	4h	94.068	−0.027%	$88.8M	$80.9M	100x	as long as short
Binance HYPEUSDT	+0.0077%	4h	94.078	−0.016%	$386.5M	$888.5M	75x	as long as short
Derive HYPE-PERP	+0.0082%	1h	94.052	−0.044%	$16.5M	$6.9M	10x	as long as short
01 Exchange HYPEUSD	+0.0088%	1h	94.109	+0.016%	$86K	$364K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.144	+0.054%	$19.1M	$59.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.133	+0.042%	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDTshort	+0.0096%	1h	94.094	+0.001%	$64K	$1.2M	50x
Aevo HYPE-PERP	+0.0096%	1h	94.113	+0.020%	$400K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.125	+0.034%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.100	+0.007%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERPlong	+0.0100%	1h	94.093	long leg	$5.9M	$44.2M	10x
Pacifica HYPE	+0.0100%	1h	94.114	+0.022%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.064	−0.031%	$116.0M	$317.4M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.095	+0.002%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.125	+0.033%	$47.3M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.082	−0.012%	$227.8M	$102.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.067	−0.028%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.105	+0.012%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.882	−0.224%	$32.1M	$53.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.938	−0.165%	$7.6M	$45.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.072	−0.023%	$335K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.098	+0.005%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.141	+0.050%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.130	+0.039%	$485K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	94.103	+0.010%	$113K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.093	−0.001%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.094	+0.001%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.104	+0.011%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.050	−0.046%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.049	−0.048%	$18.7M	$42.1M	50x	as long as short
Kalshi KXHYPEPERP	+0.0124%	8h	94.141	+0.050%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.110	+0.018%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0228%	4h	94.275	+0.193%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	94.065	−0.031%	$77K	$142K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0260%	1h	94.196	+0.109%	$7.4M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.144	+0.054%	$2.8M	$6.8M	20x	as long as short
BloFin HYPE-USDT	+0.0303%	4h	94.097	+0.004%	$17.0M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	94.092	−0.002%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0576%	1h	94.205	+0.119%	$21.1M	$29.1M	50x	as long as short
Hyperliquid HYPE	+0.0734%	1h	94.174	+0.086%	$2.05B	$666.7M	10x	as long as short