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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 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%
Price spread now: SunX against Nado+0.034%7-day average +0.071% · 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−$138as in the Price arb table
costs, in and out, $10k−$1351.345% of the position
Long on NadoShort on SunX
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 3 days (all we have)+0.029%+$3 · spread now +0.034%, 7d avg +0.071%
Together, before fees+0.046%+ Points / potential airdropNado: Active · farm board+$5 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: SunX is 0.037% cheaper against Nado than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.9410.0100pay 0.0012% / 1h1m 40s$6.6M$44.9M10x
ShortSunX HYPE-USDT93.9730.0100get 0.0050% / 4h1m 40s$32K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.034% → +0.071%
−$3.72
Slippage, 4 orders
−$119.5
Fee Nado: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
−$138.23
Costs to cover
1.345%
Break-even
14201132661054022.0 days
Slippage from Nado: live order book, 2 min ago; SunX: live order book, 3 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 bp4.2 bp −$47.6 bp −$7629.5 bp −$2,951doesn't fit
Sell SunX live order book, 3 min ago54.37 bp67.7 bp −$68doesn't fitdoesn'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−0.1376%1h93.897−0.048%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0346%1h93.948+0.007%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.874−0.072%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0133%1h93.930−0.012%$705K$925K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.924−0.019%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.931−0.011%$3K$33125xas long as short
Derive HYPE-PERP−0.0012%1h93.900−0.044%$16.4M$7.2M10xas long as short
dYdX HYPE-USD−0.0007%1h93.976+0.036%$128K$30K5xas long as short
Orderly PERP_HYPE_USDC−0.0006%4h93.984+0.045%$169K$594K20xas long as short
Perpl HYPE0.0000%43m93.978+0.039%$23K$329K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.990+0.052%$27K—150xas long as short
Phoenix HYPE+0.0009%1h93.898−0.046%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0015%4h93.983+0.044%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0018%8h93.990+0.052%$323.5M$283.9M75xas long as short
Phemex HYPEUSDT+0.0030%8h93.928−0.014%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0046%4h93.988+0.049%$384.1M$898.7M75xas long as short
MEXC HYPE_USDT+0.0046%4h93.988+0.049%$88.4M$82.3M100xas long as short
edgeX HYPEUSDC+0.0064%4h93.859−0.088%$5.1M$29.7M30xas long as short
Popdex HYPEUSDT+0.0064%1h93.930−0.012%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0068%4h93.993+0.055%$44.2M$60.1M75xas long as short
Bullet HYPE-USD+0.0073%1h93.939−0.002%$112K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h93.983+0.044%$116.0M$322.9M50xas long as short
Lighter HYPE+0.0096%1h94.036+0.100%$18.9M$60.5M20xas long as short
Lighter RH HYPE+0.0096%1h94.015+0.078%$3.1M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.967+0.027%$400K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h94.040+0.105%$42K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.030+0.094%$342K$171K20xas long as short
Nado HYPE-PERPlong+0.0100%1h93.941long leg$6.6M$44.9M10x
Hyperliquid HYPE+0.0100%1h94.084+0.152%$2.05B$680.1M10xas long as short
Pacifica HYPE+0.0100%1h94.017+0.080%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889−0.056%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.991+0.053%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.003+0.065%$227.7M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.980+0.041%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.001+0.063%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.137%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.864−0.083%$7.6M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.817−0.133%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.046+0.111%$680K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.005+0.067%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.996+0.058%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.963+0.023%$76K$171K20xas long as short
SunX HYPE-USDTshort+0.0100%4h93.973+0.034%$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.967+0.027%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.499%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.976+0.037%$18.4M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.070+0.137%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0157%8h94.054+0.120%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0185%4h93.999+0.061%$17.0M$12.6M75xas long as short
HTX HYPE-USDT+0.0194%4h94.100+0.169%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.966+0.026%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h94.041+0.106%$2.8M$6.9M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0324%1h94.067+0.134%$7.5M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0156%1h93.993+0.055%$1.5M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.082+0.150%$21.0M$29.5M50xas long as short