Settings8H · net · $10k
Funding arb · Price arb /

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: BingX against Nado+0.051%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$190.194% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.041%−$4 on $10k
Price spread, last 7 days−0.084%−$8 · spread now +0.051%, 7d avg −0.013%
Together, before fees−0.125%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.064% dearer against Nado than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.1930.0100pay 0.0012% / 1h7m 10s$5.9M$44.1M10x
ShortBingX HYPE-USDT93.2410.0100get 0.0050% / 4h1h 07m$53.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Nado. 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

Funding earned
$0
Price spread: +0.051% → −0.013%
$6.43
Slippage, 4 orders
−$2.43
Fee Nado: 3.5 bp × 2 orders
−$7
Fee BingX: 5 bp × 2 orders
−$10
Net
−$12.99
Costs to cover
0.194%
Break-even
1334954484766208.0 days
Slippage from Nado: live order book, 2 min ago; BingX: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 2 min ago0.05 bp3.6 bp −$45.7 bp −$5725.2 bp −$2,519doesn't fit
Sell BingX live order book, 12 min ago0.11 bp5.1 bp −$55.3 bp −$5311.4 bp −$1,13816.9 bp −$8,461

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps HYPEUSD−0.0476%1h93.219+0.028%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0408%1h93.255+0.066%$197K$229K7xas long as short
Arcus HYPE-USD−0.0131%1h93.134−0.064%$1.2M$3.9M10xas long as short
Ondo Perps HYPE-USD.P−0.0130%1h93.160−0.036%$699K$895K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.192−0.002%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.269+0.081%$90K$358K20xas long as short
dYdX HYPE-USD0.0000%1h93.227+0.036%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.246+0.056%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.272+0.084%$27K150xas long as short
Aster HYPEUSDT+0.0003%4h93.255+0.066%$8.9M$35.7M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex HYPEUSDT+0.0008%1h93.241+0.051%$58K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0016%4h93.253+0.064%$176K$524K20xas long as short
Bybit HYPEUSDT+0.0020%8h93.288+0.101%$323.2M$282.2M75xas long as short
Phoenix HYPE+0.0034%1h93.306+0.121%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0047%1h93.248+0.059%$111K$577K20xas long as short
Gate HYPE_USDT+0.0058%4h93.244+0.054%$44.0M$58.8M75xas long as short
MEXC HYPE_USDT+0.0060%4h93.284+0.097%$90.1M$82.3M100xas long as short
Binance HYPEUSDT+0.0061%4h93.293+0.107%$383.0M$887.0M75xas long as short
Derive HYPE-PERP+0.0061%1h93.213+0.021%$16.3M$7.0M10xas long as short
edgeX HYPEUSDC+0.0080%4h93.250+0.061%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.331+0.147%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.305+0.120%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.250+0.061%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.192−0.002%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.260+0.071%$35K$1.6M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.193long leg$5.9M$44.1M10x
Hyperliquid HYPE+0.0100%1h93.279+0.092%$2.03B$661.2M10xas long as short
Pacifica HYPE+0.0100%1h93.221+0.030%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.299+0.113%$114.1M$312.4M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.268+0.080%$47.0M$18.5M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.259+0.070%$226.2M$102.7M75xas long as short
BingX HYPE-USDTshort+0.0100%4h93.241+0.051%$53.7M
Backpack HYPE_USDC_PERP+0.0100%1h93.258+0.069%$7.8M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.212+0.020%$30.8M$51.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.317+0.133%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.303+0.117%$415K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.252+0.063%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.276+0.088%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.261+0.072%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.255+0.066%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.270+0.082%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.255+0.066%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.234+0.043%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.280+0.093%$204K$8K10xas long as short
Extended HYPE-USD+0.0104%1h93.217+0.026%$18.2M$41.6M50xas long as short
Kalshi KXHYPEPERP+0.0118%8h93.272+0.084%$1.9M$5.2M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.280+0.093%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0220%4h93.369+0.188%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.530+0.361%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0243%4h93.225+0.034%$16.9M$12.4M75xas long as short
Reya HYPERUSDPERP+0.0247%1h93.245+0.055%$77K$159K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.288+0.101%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.271+0.083%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0372%1h93.352+0.170%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.387+0.207%$20.9M$28.9M50xas long as short