Funding you earn now, next payment 02:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.001%
Price spread now: Aster against Nado+0.077%7-day average −0.013% · 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−$8as in the Price arb table
costs, in and out, $10k−$170.172% of the position
Funding, last 3 days (all we have)−0.001%$0 on $10k
+Price spread, last 7 days−0.088%−$9 · spread now +0.077%, 7d avg −0.013%
=Together, before fees−0.089%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.091% dearer against Nado than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.013%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 3 days (−0.001% in total) that is about 10 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado HYPE-PERP | 93.284 | 0.0100 | pay 0.0012% / 1h | 46m 29s | $6.6M | $44.7M | 10x |
| Short | Aster HYPEUSDT | 93.356 | −0.0026 | pay 0.0013% / 4h | 2h 46m | $8.9M | $36.2M | 300x |
Nado HYPE-PERP
Aster HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Nado. 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
- −$26.49
- Price spread: +0.077% → −0.013%
- $9.06
- Slippage, 4 orders
- −$2.24
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$34.67
- Costs to cover
- 0.172%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; Aster: 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 Nado live order book, 3 min ago | 0.05 bp | 3.9 bp −$4 | 7.1 bp −$71 | 25.5 bp −$2,548 | doesn't fit |
| Sell Aster live order book, 3 min ago | 0.91 bp | 4.9 bp −$5 | 5.5 bp −$55 | 16.1 bp −$1,610 | 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 | −0.1048% | 1h | 93.365 | +0.087% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.182 | −0.109% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0184% | 1h | 93.371 | +0.093% | $22K | $21K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0125% | 1h | 93.296 | +0.013% | $7.8M | $10.6M | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0124% | 1h | 93.240 | −0.047% | $698K | $977K | 10x | as long as short |
| Gate HYPE_USDT | −0.0084% | 4h | 93.305 | +0.023% | $44.2M | $53.9M | 75x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.376 | +0.099% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.315 | +0.033% | $84K | $361K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0064% | 8h | 93.331 | +0.050% | $12.7M | $2.7M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0052% | 4h | 93.304 | +0.021% | $158K | $646K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Backpack HYPE_USDC_PERP
Ondo Perps HYPE-USD.P
Gate HYPE_USDT
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Phemex HYPEUSDT
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDTshort | −0.0026% | 4h | 93.356 | +0.077% | $8.9M | $36.2M | 300x | |
| dYdX HYPE-USD | 0.0000% | 1h | 93.318 | +0.036% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.325 | +0.044% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.382 | +0.105% | $26K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0011% | 8h | 93.290 | +0.006% | $319.2M | $283.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0016% | 4h | 93.297 | +0.014% | — | $54.3M | — | as long as short |
| Bullet HYPE-USD | +0.0029% | 1h | 93.346 | +0.067% | $111K | $579K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0033% | 1h | 93.337 | +0.057% | $79K | $174K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0044% | 4h | 93.305 | +0.023% | $88.2M | $82.4M | 100x | as long as short |
| Binance HYPEUSDT | +0.0044% | 4h | 93.298 | +0.015% | $380.3M | $905.1M | 75x | as long as short |
| Derive HYPE-PERP | +0.0058% | 1h | 93.301 | +0.018% | $16.2M | $7.6M | 10x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.190 | −0.101% | $212K | $1.2M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0062% | 4h | 93.437 | +0.164% | $5.1M | $29.9M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0064% | 8h | 93.301 | +0.018% | $115.0M | $315.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.345 | +0.066% | $397K | $177K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.341 | +0.061% | $16.4M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.356 | +0.077% | $3.1M | $11.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.329 | +0.048% | $65K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.397 | +0.121% | $339K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.360 | +0.081% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERPlong | +0.0100% | 1h | 93.284 | long leg | $6.6M | $44.7M | 10x | |
| Hyperliquid HYPE | +0.0100% | 1h | 93.404 | +0.129% | $2.04B | $675.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.345 | +0.065% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.404 | +0.128% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.365 | +0.087% | $46.0M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.301 | +0.018% | $225.8M | $100.7M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.281 | −0.004% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.420 | +0.146% | $7.5M | $47.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.460 | +0.189% | $338K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.428 | +0.154% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.356 | +0.077% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.326 | +0.045% | $467K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.416 | +0.142% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.304 | +0.021% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.257 | −0.028% | $18.4M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.380 | +0.103% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.250 | −0.036% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.407 | +0.132% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.367 | +0.089% | $2.7M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0253% | 1h | 93.290 | +0.007% | $79K | $142K | 15x | as long as short |
| HTX HYPE-USDT | +0.0259% | 4h | 93.490 | +0.221% | $1.4M | $6.1M | 75x | as long as short |
| Kalshi KXHYPEPERP | +0.0259% | 8h | 93.441 | +0.168% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.379 | +0.102% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0489% | 1h | 93.392 | +0.116% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.374 | +0.097% | $20.8M | $30.0M | 50x | as long as short |
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Bullet HYPE-USD
Bluefin HYPE-PERP
MEXC HYPE_USDT
Binance HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Aevo HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
HTX HYPE-USDT
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD