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 +0.002%
Price spread now: Bitget against Nado−0.029%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.248% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.014%−$1 on $10k
Price spread, last 7 days+0.011%+$1 · spread now −0.029%, 7d avg −0.016%
Together, before fees−0.003%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.2450.0100pay 0.0012% / 1h17m 45s$5.9M$44.1M10x
ShortBitget HYPEUSDT93.2180.0100get 0.0050% / 4h1h 17m$226.1M$103.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.029% → −0.016%
−$1.31
Slippage, 4 orders
−$5.79
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$26.09
Costs to cover
0.248%
Break-even
2680783249935226.5 days
Slippage from Nado: live order book, 6 min ago; Bitget: live order book, 1 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, 6 min ago0.05 bp4.0 bp −$46.5 bp −$6528.7 bp −$2,874doesn't fit
Sell Bitget live order book, 1 min ago0.16 bp8.5 bp −$913.3 bp −$13323.4 bp −$2,337doesn't fit

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−0.0438%1h93.164−0.088%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0336%1h93.229−0.018%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.190−0.060%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h93.170−0.081%$699K$929K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.245−0.001%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0032%1h93.288+0.046%$90K$361K20xas long as short
Popdex HYPEUSDT−0.0008%1h93.257+0.012%$58K$1.2M50xas long as short
dYdX HYPE-USD0.0000%1h93.276+0.033%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.250+0.005%$23K$331K10xas long as short
Aster HYPEUSDT+0.0002%4h93.223−0.024%$8.8M$35.9M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.289+0.046%$20K150xas long as short
Orderly PERP_HYPE_USDC+0.0021%4h93.264+0.020%$172K$518K20xas long as short
Bybit HYPEUSDT+0.0021%8h93.190−0.060%$322.8M$286.8M75xas long as short
Phoenix HYPE+0.0034%1h93.293+0.051%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0040%1h93.247+0.002%$112K$579K20xas long as short
Derive HYPE-PERP+0.0047%1h93.208−0.041%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0056%4h93.195−0.054%$43.9M$58.6M75xas long as short
MEXC HYPE_USDT+0.0064%4h93.207−0.041%$90.1M$82.3M100xas long as short
Binance HYPEUSDT+0.0066%4h93.211−0.037%$381.6M$895.1M75xas long as short
edgeX HYPEUSDC+0.0079%4h93.210−0.039%$5.1M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.264+0.020%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.246+0.001%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.263+0.018%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.215−0.033%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.230−0.017%$35K$1.6M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.245long leg$5.9M$44.1M10x
Hyperliquid HYPE+0.0100%1h93.257+0.012%$2.03B$669.4M10xas long as short
Pacifica HYPE+0.0100%1h93.231−0.016%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.190−0.060%$114.2M$314.7M50xas long as short
Bulk HYPE-USD+0.0100%1h93.232−0.014%$204K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.196−0.053%$47.0M$18.8M75xas long as short
Bitget HYPEUSDTshort+0.0100%4h93.218−0.029%$226.1M$103.1M75x
BingX HYPE-USDT+0.0100%4h93.200−0.049%$53.8Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.208−0.040%$7.8M$10.9M20xas long as short
Variational Omni HYPE+0.0100%8h93.153−0.099%$29.0M$50.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.258+0.013%$7.5M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.262+0.018%$415K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.227−0.020%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.279+0.036%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.282+0.039%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.260+0.016%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.271+0.027%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.263+0.019%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.225−0.022%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.160−0.091%$18.2M$41.9M50xas long as short
Kalshi KXHYPEPERP+0.0115%8h93.316+0.076%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.300+0.058%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0238%4h93.400+0.166%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.120−0.135%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.250+0.005%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0268%4h93.242−0.004%$16.8M$12.5M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.290+0.048%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.280+0.037%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0393%1h93.355+0.117%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.367+0.130%$20.9M$29.0M50xas long as short