Funding you earn now, next payment 02:00 UTC+0.0181%/8h= +19.8% APRnext payment +$0.23 per $10,000 · paid last 24h +0.013%
Price spread now: Nado against Ondo Perps+0.047%7-day average +0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.055%+$6 on $10k
+Price spread, last 7 days+0.295%+$30 · spread now +0.047%, 7d avg +0.009%
=Together, before fees+0.351%+ Points / potential airdropOndo Perps: Active · Nado: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Nado is 0.039% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps HYPE-USD.P | 93.860 | −0.0081 | get 0.0010% / 1h | 26m 31s | $703K | $937K | 10x |
| Short | Nado HYPE-PERP | 93.904 | 0.0100 | get 0.0012% / 1h | 26m 31s | $5.8M | $45.1M | 10x |
Ondo Perps HYPE-USD.P
Nado HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $37.97
- Price spread: +0.047% → +0.009%
- $3.87
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $29.84
- Costs to cover
- 0.120%
- Break-even
- 1.5 days
Slippage unknown: Ondo Perps: no order-book sample; Nado: live order book, 3 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 3 min ago | 0.05 bp | 3.7 bp −$4 | 5.6 bp −$56 | 25.5 bp −$2,551 | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.0920% | 1h | 93.818 | −0.045% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.821 | −0.042% | $1.2M | $3.8M | 10x | as long as short |
| Phemex HYPEUSDT | −0.0156% | 8h | 93.853 | −0.007% | $12.7M | $2.7M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0140% | 1h | 93.712 | −0.158% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.Plong | −0.0081% | 1h | 93.860 | long leg | $703K | $937K | 10x | |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.872 | +0.013% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0056% | 4h | 93.869 | +0.010% | $157K | $648K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.946 | +0.092% | $85K | $350K | 20x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0044% | 1h | 93.821 | −0.042% | $7.8M | $10.3M | 20x | as long as short |
| Gate HYPE_USDT | −0.0030% | 4h | 93.882 | +0.023% | $44.5M | $54.9M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Phemex HYPEUSDT
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Backpack HYPE_USDC_PERP
Gate HYPE_USDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX HYPE-USDT | −0.0002% | 4h | 93.911 | +0.054% | — | $53.7M | — | as long as short |
| Aster HYPEUSDT | −0.0001% | 4h | 93.909 | +0.053% | $8.9M | $35.9M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.869 | +0.010% | $129K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.929 | +0.073% | $22K | $326K | 10x | as long as short |
| Bybit HYPEUSDT | +0.0002% | 8h | 93.920 | +0.064% | $322.5M | $281.3M | 75x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.910 | +0.053% | $26K | — | 150x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.904 | +0.047% | $211K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0064% | 1h | 93.922 | +0.066% | $112K | $578K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0066% | 4h | 93.895 | +0.037% | $87.9M | $82.9M | 100x | as long as short |
| Binance HYPEUSDT | +0.0068% | 4h | 93.928 | +0.072% | $382.3M | $893.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0068% | 8h | 93.937 | +0.082% | $115.4M | $309.3M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0071% | 4h | 93.800 | −0.064% | $5.1M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.955 | +0.101% | $341K | $164K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.901 | +0.043% | $16.4M | $62.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.896 | +0.038% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.928 | +0.072% | $67K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.891 | +0.034% | $399K | $177K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.843 | −0.018% | $16.3M | $7.7M | 10x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.930 | +0.075% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERPshort | +0.0100% | 1h | 93.904 | +0.047% | $5.8M | $45.1M | 10x | |
| Hyperliquid HYPE | +0.0100% | 1h | 93.977 | +0.125% | $2.05B | $672.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.919 | +0.063% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.932 | +0.077% | $46.5M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.919 | +0.063% | $227.6M | $98.6M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.610 | −0.266% | $31.0M | $54.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.824 | −0.038% | $7.6M | $47.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.834 | −0.028% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.938 | +0.083% | $670K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.981 | +0.129% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.974 | +0.121% | $475K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.829 | −0.033% | $79K | $172K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.969 | +0.116% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.859 | −0.001% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.880 | +0.021% | $204K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.892 | +0.034% | $18.3M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.960 | +0.107% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.920 | +0.064% | $31K | $339K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.994 | +0.143% | $3.2M | $7.0M | 20x | as long as short |
| HTX HYPE-USDT | +0.0218% | 4h | 94.130 | +0.288% | $1.4M | $5.9M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0255% | 1h | 93.901 | +0.044% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0272% | 8h | 93.955 | +0.101% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.921 | +0.065% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0357% | 1h | 93.959 | +0.105% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0679% | 1h | 93.949 | +0.095% | $21.0M | $29.8M | 50x | as long as short |
BingX HYPE-USDT
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
Bybit HYPEUSDT
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Derive HYPE-PERP
Katana Perps HYPE-USD
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
RISEx HYPE/USDC
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD