HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.010%

Price spread now: dYdX against Nado+0.015%7-day average +0.004% · 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−$68as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on Nado Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−1.065%−$106 · spread now +0.015%, 7d avg +0.004%

Together, before fees−1.115%+ Points / potential airdropNado: Active · farm board−$112 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HYPE-PERP	93.709	0.0100	pay 0.0012% / 1h	31m 26s	$5.9M	$44.2M	10x
Short	dYdX HYPE-USD	93.723	0	get 0.0000% / 1h	31m 26s	$128K	$33K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee NadobpFee dYdXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$21
Price spread: +0.015% → +0.004%: $1.06
Slippage, 4 orders: −$51.6
Fee Nado: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$88.53
Costs to cover: 0.686%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; dYdX: live order book, 18 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	3.6 bp −$4	6.1 bp −$61	26.7 bp −$2,673	doesn't fit
Sell dYdX live order book, 18 min ago	25.44 bp	30.5 bp −$31	110.4 bp −$1,104	211.2 bp −$21.1K	1408.2 bp −$704.1K

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	−0.1328%	1h	93.515	−0.207%	$197K	$237K	7x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.705	−0.005%	$3K	$331	25x	as long as short
Aftermath Perps HYPEUSD	−0.0045%	1h	93.452	−0.275%	$22K	$22K	10x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	93.723	+0.015%	$128K	$33K	5x
Kalshi KXHYPEPERP	0.0000%	8h	93.812	+0.109%	$1.9M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.803	+0.099%	$23K	$352K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0005%	1h	93.820	+0.118%	$44K	—	150x	as long as short
Gate HYPE_USDT	+0.0004%	4h	93.786	+0.082%	$44.3M	$56.1M	75x	as long as short
01 Exchange HYPEUSD	+0.0016%	1h	93.814	+0.112%	$89K	$327K	20x	as long as short
Aster HYPEUSDT	+0.0026%	4h	93.756	+0.049%	$9.0M	$36.6M	300x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0056%	8h	93.775	+0.070%	$326.4M	$285.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0066%	1h	93.838	+0.137%	$18.6M	$24.0M	50x	as long as short
Orderly PERP_HYPE_USDC	+0.0092%	4h	93.784	+0.080%	$183K	$505K	20x	as long as short
Phoenix HYPE	+0.0094%	1h	93.709	−0.001%	$211K	$1.1M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.722	+0.014%	$18.9M	$57.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.729	+0.021%	$3.1M	$12.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.773	+0.068%	$56K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.740	+0.033%	$23K	$1.7M	10x	as long as short
Nado HYPE-PERPlong	+0.0100%	1h	93.709	long leg	$5.9M	$44.2M	10x
Pacifica HYPE	+0.0100%	1h	93.729	+0.020%	$10.0M	$14.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.796	+0.092%	$390.7M	$877.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.785	+0.081%	$114.8M	$316.9M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	93.630	−0.085%	$703K	$951K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.706	−0.004%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.684	−0.027%	$205K	$9K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.786	+0.082%	$90.7M	$81.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.774	+0.069%	$46.5M	$19.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.798	+0.094%	$227.4M	$102.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.796	+0.092%	—	$54.4M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.750	+0.043%	$8.0M	$11.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.336	−0.398%	$28.7M	$49.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.544	−0.176%	$7.5M	$45.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.512	−0.211%	$457K	$935K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.497	−0.227%	$676K	$2.3M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.775	+0.070%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.828	+0.126%	$492K	$2.6M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.785	+0.081%	$113K	$574K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.803	+0.100%	$76K	$169K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.763	+0.057%	$16.5M	$6.9M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.672	−0.040%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.794	+0.090%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.677	−0.035%	$12.7M	$2.5M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0101%	8h	93.745	+0.037%	$342K	$171K	20x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.723	+0.014%	$18.2M	$40.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.780	+0.075%	$399K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	93.491	−0.233%	$5.1M	$28.9M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.700	−0.010%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0243%	1h	93.797	+0.093%	$77K	$157K	15x	as long as short
Injective HYPE/USDC PERP	+0.0254%	1h	93.590	−0.128%	$30K	$182K	12x	as long as short
Hyperliquid HYPE	+0.0317%	1h	93.846	+0.145%	$2.04B	$661.2M	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.601	−0.116%	$17.3M	$12.3M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0342% / S −0.0168%	1h	93.767	+0.061%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0390%	1h	93.814	+0.112%	$7.4M	$4.6M	50x	as long as short
RISEx HYPE/USDC	+0.0422%	1h	93.808	+0.105%	$2.8M	$6.7M	20x	as long as short
HTX HYPE-USDT	+0.0476%	4h	93.900	+0.203%	$1.5M	$7.5M	75x	as long as short