Funding you earn now, next payment 01:00 UTC−0.0451%/8h= −49.4% APRnext payment −$0.56 per $10,000 · paid last 24h −0.035%
Price spread now: Nado against Deribit−0.065%7-day average −0.051% · 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−$27as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 3 days (all we have)−0.011%−$1 on $10k
+Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.065%, 7d avg −0.051%
=Together, before fees+0.017%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.011% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 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 | Deribit HYPE_USDC-PERPETUAL | 93.736 | 0.0551 | pay 0.0069% / 1h | 3m 17s | $7.5M | $4.6M | 50x |
| Short | Nado HYPE-PERP | 93.675 | 0.0100 | get 0.0012% / 1h | 3m 17s | $6.6M | $44.6M | 10x |
Deribit HYPE_USDC-PERPETUAL
Nado HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Deribit. 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
- −$94.71
- Price spread: −0.065% → −0.051%
- −$1.44
- Slippage, 4 orders
- −$11.25
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$121.4
- Costs to cover
- 0.253%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 1 min ago; Nado: live order book, 1 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 Deribit live order book, 1 min ago | 5.28 bp | 8.8 bp −$9 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell Nado live order book, 1 min ago | 0.05 bp | 3.6 bp −$4 | 5.8 bp −$58 | 27.1 bp −$2,709 | 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 | 93.805 | +0.073% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.536 | −0.213% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0194% | 1h | 93.890 | +0.164% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0097% | 1h | 93.680 | −0.060% | $710K | $957K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.646 | −0.096% | $85K | $359K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.669 | −0.071% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USD | −0.0079% | 1h | 93.695 | −0.044% | $128K | $31K | 5x | as long as short |
| Bullet HYPE-USD | −0.0045% | 1h | 93.633 | −0.110% | $113K | $579K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0037% | 4h | 93.616 | −0.128% | $159K | $643K | 20x | as long as short |
| Gate HYPE_USDT | −0.0036% | 4h | 93.649 | −0.093% | $44.4M | $60.4M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
dYdX HYPE-USD
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | −0.0005% | 8h | 93.643 | −0.099% | $12.8M | $2.6M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.663 | −0.077% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.659 | −0.082% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0004% | 4h | 93.675 | −0.065% | $8.9M | $36.0M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0019% | 8h | 93.578 | −0.169% | $321.8M | $278.7M | 75x | as long as short |
| Derive HYPE-PERP | +0.0021% | 1h | 93.593 | −0.152% | $16.3M | $7.6M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.887 | +0.161% | $213K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0054% | 4h | 93.577 | −0.170% | $87.9M | $83.5M | 100x | as long as short |
| Binance HYPEUSDT | +0.0054% | 4h | 93.575 | −0.171% | $382.1M | $893.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0072% | 8h | 93.571 | −0.176% | $115.7M | $313.7M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0072% | 1h | 93.609 | −0.135% | $76K | $171K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0074% | 4h | 93.859 | +0.131% | $5.1M | $29.7M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.609 | −0.135% | $18.8M | $60.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.595 | −0.150% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.643 | −0.099% | $64K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.628 | −0.115% | $398K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.681 | −0.059% | $340K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.670 | −0.070% | $31K | $1.6M | 10x | as long as short |
| Nado HYPE-PERPshort | +0.0100% | 1h | 93.675 | −0.065% | $6.6M | $44.6M | 10x | |
| Hyperliquid HYPE | +0.0100% | 1h | 93.706 | −0.033% | $2.04B | $669.0M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.686 | −0.053% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.647 | −0.095% | $46.5M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.608 | −0.137% | $226.6M | $100.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.678 | −0.062% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.594 | −0.151% | $7.9M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.768 | +0.034% | $31.3M | $53.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.861 | +0.133% | $7.6M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.820 | +0.090% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.880 | +0.154% | $670K | $2.6M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.658 | −0.083% | $473K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.697 | −0.042% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.625 | −0.118% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.894 | +0.168% | $204K | $10K | 10x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.723 | −0.014% | — | $243K | 5x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.608 | −0.137% | $18.4M | $44.8M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.740 | +0.004% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.570 | −0.177% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0217% | 4h | 93.624 | −0.119% | $17.0M | $12.0M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.706 | −0.032% | $2.7M | $6.7M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0246% | 8h | 93.839 | +0.110% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0253% | 1h | 93.624 | −0.119% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0157% | 1h | 93.654 | −0.088% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0358% | 4h | 93.800 | +0.068% | $1.5M | $6.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUALlong | +0.0551% | 1h | 93.736 | long leg | $7.5M | $4.6M | 50x | |
| Kraken Futures PF_HYPEUSD | +0.0674% | 1h | 93.695 | −0.044% | $20.9M | $29.7M | 50x | as long as short |
Phemex HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Bybit HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bluefin HYPE-PERP
edgeX HYPEUSDC
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
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Vest HYPE-PERP
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
Kraken Futures PF_HYPEUSD