HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.25 per $10,000 · paid last 24h +0.017%

Price spread now: Nado against 01 Exchange+0.014%7-day average −0.035% · 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−$18as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on 01 Exchange Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−0.291%−$29 · spread now +0.014%, 7d avg −0.035%

Together, before fees−0.266%+ Points / potential airdropNado: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Nado is 0.048% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.035%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.025% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange HYPEUSD	92.387	−0.0104	get 0.0013% / 1h	50m 30s	$85K	$352K	20x
Short	Nado HYPE-PERP	92.400	0.0100	get 0.0012% / 1h	50m 30s	$5.8M	$43.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against 01 Exchange. 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 01 ExchangebpFee NadobpOrdersPrice spread, now +0.014%Rate

Funding earned: $42.84
Price spread: +0.014% → −0.035%: $4.82
Slippage, 4 orders: −$8.33
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $25.33
Costs to cover: 0.223%
Break-even: 2.9 days

Slippage from 01 Exchange: live order book, 9 min ago; Nado: 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 01 Exchange live order book, 9 min ago	0.05 bp	8.0 bp −$8	17.0 bp −$170	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.05 bp	3.6 bp −$4	6.3 bp −$63	27.6 bp −$2,760	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
Arcus HYPE-USD	−0.0948%	1h	92.287	−0.108%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0728%	1h	92.519	+0.142%	$194K	$227K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0112%	1h	92.647	+0.281%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSDlong	−0.0104%	1h	92.387	long leg	$85K	$352K	20x
Hotstuff HYPE-PERP	−0.0080%	1h	92.501	+0.123%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0067%	4h	92.385	−0.002%	$157K	$663K	20x	as long as short
Bullet HYPE-USD	−0.0053%	1h	92.394	+0.008%	$110K	$579K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0047%	1h	92.360	−0.029%	$699K	$1.1M	10x	as long as short
Aster HYPEUSDT	−0.0005%	4h	92.397	+0.011%	$8.7M	$36.2M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.417	+0.033%	$127K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	92.413	+0.028%	$23K	$309K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.436	+0.053%	$61K	—	150x	as long as short
Derive HYPE-PERP	+0.0020%	1h	92.434	+0.051%	$16.0M	$7.5M	10x	as long as short
BingX HYPE-USDT	+0.0032%	4h	92.405	+0.019%	—	$53.2M	—	as long as short
Phemex HYPEUSDT	+0.0033%	8h	92.492	+0.114%	$12.5M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0038%	8h	92.410	+0.025%	$317.2M	$279.2M	75x	as long as short
Phoenix HYPE	+0.0043%	1h	92.855	+0.507%	$211K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0050%	4h	92.404	+0.018%	$44.4M	$54.5M	75x	as long as short
Popdex HYPEUSDT	+0.0072%	1h	92.395	+0.009%	$67K	$1.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	92.416	+0.031%	$113.0M	$300.6M	50x	as long as short
MEXC HYPE_USDT	+0.0078%	4h	92.399	+0.013%	$87.5M	$80.2M	100x	as long as short
Binance HYPEUSDT	+0.0079%	4h	92.410	+0.025%	$371.5M	$892.9M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	92.507	+0.130%	$338K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.425	+0.041%	$16.0M	$62.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.473	+0.093%	$3.1M	$11.6M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	92.370	−0.018%	$13K	$1.6M	10x	as long as short
Nado HYPE-PERPshort	+0.0100%	1h	92.400	+0.014%	$5.8M	$43.1M	10x
Hyperliquid HYPE	+0.0100%	1h	92.452	+0.071%	$2.01B	$658.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.441	+0.058%	$10.0M	$14.9M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.800	+0.447%	$202K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.406	+0.021%	$45.8M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.390	+0.003%	$223.5M	$97.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.435	+0.052%	$7.4M	$10.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.469	+0.089%	$28.5M	$57.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.799	+0.446%	$7.5M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.847	+0.498%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.569	+0.197%	$664K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.481	+0.101%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.438	+0.055%	$467K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.586	+0.215%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.493	+0.115%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.650	+0.285%	$1.4M	$6.2M	75x	as long as short
edgeX HYPEUSDC	+0.0103%	4h	92.776	+0.421%	$5.1M	$29.2M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.375	−0.012%	$18.1M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.474	+0.094%	$391K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	92.430	+0.047%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.550	+0.176%	$4.7M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0260%	1h	92.391	+0.005%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0263%	8h	92.559	+0.186%	$1.8M	$5.4M	2.3x	as long as short
BloFin HYPE-USDT	+0.0317%	4h	92.544	+0.170%	$16.8M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0329% / S −0.0153%	1h	92.424	+0.040%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0332%	1h	92.558	+0.185%	$20.6M	$30.3M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0442%	1h	92.587	+0.216%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.479	+0.100%	$3.1M	$6.4M	20x	as long as short
Bluefin HYPE-PERP	+0.1078%	1h	92.386	−0.001%	$78K	$169K	20x	as long as short