HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Nado against Popdex−0.015%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$150.151% of the position

Long on Popdex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.015%, 7d avg −0.003%

Together, before fees+0.026%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex HYPEUSDT	95.088	0.0096	pay 0.0012% / 1h	14m 07s	$150K	$1.2M	50x
Short	Nado HYPE-PERP	95.073	0.0100	get 0.0012% / 1h	14m 07s	$5.9M	$52.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Popdex. 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 PopdexbpFee NadobpOrdersPrice spread, now −0.015%Rate

Funding earned: $0.84
Price spread: −0.015% → −0.003%: −$1.21
Slippage, 4 orders: −$1.67
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$15.44
Costs to cover: 0.151%
Break-even: 135.7 days

Slippage from Popdex: live order book, 5 min ago; Nado: live order book, 5 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 Popdex live order book, 5 min ago	0.42 bp	3.7 bp −$4	4.9 bp −$49	40.5 bp −$4,048	doesn't fit
Sell Nado live order book, 5 min ago	0.05 bp	3.6 bp −$4	6.1 bp −$61	29.3 bp −$2,934	doesn't fit

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	−0.0832%	1h	94.999	−0.093%	$211K	$265K	7x	as long as short
Bluefin HYPE-PERP	−0.0543%	1h	95.043	−0.047%	$79K	$149K	20x	as long as short
Phemex HYPEUSDT	−0.0266%	8h	95.057	−0.033%	$13.0M	$2.8M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0254%	1h	95.035	−0.056%	$22K	$19K	10x	as long as short
Bullet HYPE-USD	−0.0207%	1h	95.097	+0.010%	$113K	$576K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0135%	1h	95.040	−0.050%	$705K	$1.3M	10x	as long as short
dYdX HYPE-USD	−0.0128%	1h	95.078	−0.010%	$130K	$93K	5x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	95.114	+0.027%	$90K	$354K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	95.064	−0.025%	$1.0M	$3.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.099	+0.012%	$3K	$331	25x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_HYPEUSD	−0.0047%	1h	95.067	−0.022%	$18.9M	$35.7M	50x	as long as short
Bybit HYPEUSDT	−0.0011%	8h	95.060	−0.029%	$319.5M	$287.5M	75x	as long as short
Gate HYPE_USDT	−0.0008%	4h	95.058	−0.032%	$52.7M	$56.4M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0005%	4h	95.044	−0.046%	$147K	$670K	20x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.152	+0.067%	$1.9M	$5.5M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	95.111	+0.024%	$19K	$274K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.098	+0.011%	$85K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	95.182	+0.099%	$212K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	95.090	+0.002%	$4.7M	$5.8M	50x	as long as short
Vest HYPE-PERP	+0.0024%	1h	95.167	+0.083%	—	$126K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0037%	8h	95.069	−0.020%	$118.6M	$323.0M	50x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	95.068	−0.021%	$228.3M	$95.0M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0048%	8h	95.129	+0.043%	$340K	$38K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0057%	1h	95.031	−0.060%	$7.6M	$10.1M	20x	as long as short
SoDEX HYPE-USD	+0.0094%	1h	95.072	−0.017%	$2.1M	$1.9M	10x	as long as short
Lighter HYPE	+0.0096%	1h	95.067	−0.022%	$16.3M	$63.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.064	−0.025%	$3.2M	$10.4M	20x	as long as short
Popdex HYPEUSDTlong	+0.0096%	1h	95.088	long leg	$150K	$1.2M	50x
edgeX HYPEUSDC	+0.0096%	4h	95.126	+0.040%	$5.1M	$31.1M	30x	as long as short
Aster HYPEUSDT	+0.0097%	4h	95.052	−0.038%	$9.0M	$36.7M	300x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.110	+0.023%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERPshort	+0.0100%	1h	95.073	−0.015%	$5.9M	$52.3M	10x
Hyperliquid HYPE	+0.0100%	1h	95.210	+0.128%	$2.10B	$678.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.128	+0.043%	$10.3M	$14.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	95.067	−0.022%	$382.7M	$916.1M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.126	+0.040%	$222K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.067	−0.022%	$98.2M	$89.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.070	−0.019%	$47.4M	$18.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	95.068	−0.021%	—	$52.8M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	95.091	+0.003%	$29.9M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.104	+0.017%	$7.7M	$44.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.124	+0.038%	$348K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.098	+0.011%	$692K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.088	0.000%	$500K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.025	−0.066%	$33K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.248	+0.168%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.037	−0.054%	$18.3M	$42.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.050	−0.040%	$402K	$136K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0118%	1h	95.149	+0.064%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.088	+0.001%	$3.1M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.380	+0.307%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	95.040	−0.050%	$85K	$94K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.118	+0.032%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.062	−0.027%	$17.2M	$12.3M	75x	as long as short