HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.10 per $10,000 · paid last 24h +0.005%

Price spread now: Nado against Coinbase International−0.064%7-day average +0.022% · 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−$34as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.120%+$12 on $10k

Price spread, last 3 days (all we have)+0.123%+$12 · spread now −0.064%, 7d avg +0.022%

Together, before fees+0.243%+ Points / potential airdropNado: Active · farm board+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.086% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.022%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.120%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	93.490	0.0176	pay 0.0022% / 1h	5m 55s	$4.9M	$5.7M	50x
Short	Nado HYPE-PERP	93.430	0.0100	get 0.0012% / 1h	5m 55s	$5.9M	$44.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. 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 Coinbase InternationalbpFee NadobpOrdersPrice spread, now −0.064%Rate

Funding earned: −$15.96
Price spread: −0.064% → +0.022%: −$8.58
Slippage, 4 orders: −$8.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$50.12
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Nado: live order book, 3 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 Coinbase International live order book, 3 min ago	0.54 bp	10.6 bp −$11	15.3 bp −$153	38.1 bp −$3,810	doesn't fit
Sell Nado live order book, 3 min ago	0.05 bp	4.6 bp −$5	7.1 bp −$71	27.4 bp −$2,737	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
Aftermath Perps HYPEUSD	−0.0475%	1h	93.295	−0.209%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0416%	1h	93.238	−0.270%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.355	−0.144%	$1.2M	$3.9M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0129%	1h	93.160	−0.353%	$699K	$894K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.346	−0.154%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	93.463	−0.029%	$91K	$358K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.390	−0.107%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.394	−0.102%	$23K	$330K	10x	as long as short
Aster HYPEUSDT	+0.0002%	4h	93.433	−0.061%	$8.9M	$35.7M	300x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.460	−0.032%	$27K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex HYPEUSDT	+0.0008%	1h	93.431	−0.063%	$58K	$1.2M	50x	as long as short
Orderly PERP_HYPE_USDC	+0.0016%	4h	93.429	−0.065%	$176K	$524K	20x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.410	−0.086%	$323.5M	$281.6M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.306	−0.197%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0054%	1h	93.434	−0.060%	$112K	$577K	20x	as long as short
MEXC HYPE_USDT	+0.0060%	4h	93.415	−0.080%	$90.3M	$82.4M	100x	as long as short
Binance HYPEUSDT	+0.0061%	4h	93.440	−0.053%	$383.5M	$886.3M	75x	as long as short
Derive HYPE-PERP	+0.0061%	1h	93.381	−0.116%	$16.3M	$7.0M	10x	as long as short
Gate HYPE_USDT	+0.0062%	4h	93.414	−0.081%	$44.1M	$58.8M	75x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	93.250	−0.257%	$5.1M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.455	−0.037%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.459	−0.033%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.434	−0.060%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.417	−0.078%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.390	−0.107%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERPshort	+0.0100%	1h	93.430	−0.064%	$5.9M	$44.1M	10x
Hyperliquid HYPE	+0.0100%	1h	93.426	−0.068%	$2.03B	$661.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.431	−0.063%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.400	−0.096%	$114.2M	$312.6M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.428	−0.066%	$47.1M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.425	−0.070%	$226.6M	$102.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.399	−0.097%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.435	−0.059%	$7.9M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.212	−0.297%	$30.8M	$51.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.317	−0.185%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.303	−0.200%	$415K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.230	−0.278%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.422	−0.072%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.448	−0.045%	$494K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.437	−0.057%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.482	−0.009%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.417	−0.078%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.384	−0.113%	$12.7M	$2.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.280	−0.225%	$204K	$8K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.390	−0.107%	$18.2M	$41.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0117%	8h	93.481	−0.010%	$1.9M	$5.2M	2.3x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0176%	1h	93.490	long leg	$4.9M	$5.7M	50x
HTX HYPE-USDT	+0.0220%	4h	93.588	+0.105%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.530	+0.043%	$30K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0243%	4h	93.225	−0.283%	$16.9M	$12.4M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	93.426	−0.068%	$77K	$159K	15x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.477	−0.014%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	93.453	−0.039%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0371%	1h	93.517	+0.029%	$7.4M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0464%	1h	93.534	+0.048%	$20.9M	$28.9M	50x	as long as short