Funding you earn now, next payment 01:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.004%
Price spread now: Nado against Bybit+0.191%7-day average +0.023% · 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−$4as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 3 days (all we have)+0.012%+$1 on $10k
+Price spread, last 7 days−0.179%−$18 · spread now +0.191%, 7d avg +0.023%
=Together, before fees−0.168%+ Points / potential airdropNado: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 0.167% dearer against Bybit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HYPEUSDT | 93.748 | 0.0025 | pay 0.0025% / 8h | 7h 04m | $322.5M | $278.7M | 75x |
| Short | Nado HYPE-PERP | 93.927 | 0.0100 | get 0.0012% / 1h | 4m 01s | $6.6M | $44.6M | 10x |
Bybit HYPEUSDT
Nado HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Bybit. 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
- $15.66
- Price spread: +0.191% → +0.023%
- $16.74
- Slippage, 4 orders
- −$2.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $12.03
- Costs to cover
- 0.204%
- Break-even
- 1.6 days
Slippage from Bybit: 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 Bybit live order book, 5 min ago | 0.53 bp | 6.0 bp −$6 | 7.0 bp −$70 | 14.8 bp −$1,480 | 47.9 bp −$23.9K |
| Sell Nado live order book, 5 min ago | 0.05 bp | 4.8 bp −$5 | 6.7 bp −$67 | 27.9 bp −$2,791 | 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 | −0.1120% | 1h | 93.756 | +0.008% | $198K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.785 | +0.039% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0194% | 1h | 93.910 | +0.172% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0090% | 1h | 93.810 | +0.066% | $710K | $958K | 10x | as long as short |
| dYdX HYPE-USD | −0.0081% | 1h | 93.953 | +0.219% | $129K | $31K | 5x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.884 | +0.145% | $86K | $359K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.912 | +0.175% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0073% | 8h | 93.801 | +0.057% | $12.8M | $2.6M | 50x | as long as short |
| Bullet HYPE-USD | −0.0046% | 1h | 93.872 | +0.132% | $113K | $580K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0035% | 4h | 93.840 | +0.098% | $159K | $643K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Phemex HYPEUSDT
Bullet HYPE-USD
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPE_USDT | −0.0014% | 4h | 93.771 | +0.025% | $44.4M | $60.4M | 75x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.919 | +0.182% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.898 | +0.160% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0004% | 4h | 93.836 | +0.094% | $8.9M | $36.0M | 300x | as long as short |
| Derive HYPE-PERP | +0.0016% | 1h | 93.810 | +0.066% | $16.4M | $7.6M | 10x | as long as short |
| Bybit HYPEUSDTlong | +0.0025% | 8h | 93.748 | long leg | $322.5M | $278.7M | 75x | |
| Phoenix HYPE | +0.0034% | 1h | 94.045 | +0.317% | $214K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0054% | 4h | 93.791 | +0.046% | $88.2M | $83.4M | 100x | as long as short |
| Binance HYPEUSDT | +0.0054% | 4h | 93.792 | +0.047% | $383.0M | $893.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0071% | 8h | 93.706 | −0.045% | $115.9M | $314.1M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0074% | 4h | 93.859 | +0.118% | $5.1M | $29.7M | 30x | as long as short |
| Bluefin HYPE-PERP | +0.0076% | 1h | 93.841 | +0.099% | $76K | $170K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.866 | +0.125% | $18.9M | $60.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.839 | +0.097% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.881 | +0.142% | $64K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.851 | +0.110% | $399K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.983 | +0.250% | $341K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.900 | +0.162% | $31K | $1.6M | 10x | as long as short |
| Nado HYPE-PERPshort | +0.0100% | 1h | 93.927 | +0.191% | $6.6M | $44.6M | 10x | |
| Hyperliquid HYPE | +0.0100% | 1h | 93.843 | +0.101% | $2.05B | $668.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.935 | +0.199% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.895 | +0.157% | $46.6M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.798 | +0.053% | $227.1M | $100.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.777 | +0.031% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.736 | −0.013% | $7.9M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.768 | +0.021% | $31.3M | $53.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.999 | +0.268% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.020 | +0.290% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.827 | +0.084% | $670K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.910 | +0.172% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.906 | +0.169% | $474K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.940 | +0.205% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.824 | +0.081% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.894 | +0.156% | $204K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.803 | +0.059% | $18.4M | $45.0M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.900 | +0.162% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.760 | +0.013% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0216% | 4h | 93.818 | +0.075% | $17.1M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.933 | +0.197% | $2.7M | $6.7M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0246% | 8h | 93.912 | +0.175% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.873 | +0.133% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0157% | 1h | 93.895 | +0.157% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0366% | 4h | 94.112 | +0.388% | $1.5M | $6.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0421% | 1h | 93.922 | +0.186% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0672% | 1h | 93.906 | +0.168% | $20.9M | $29.7M | 50x | as long as short |
Gate HYPE_USDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Bluefin HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD