HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.09 per $10,000 · paid last 24h −0.025%

Price spread now: Nado against Phoenix−0.318%57s7-day average −0.099% · 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—prices read too far apart to compare

costs, in and out, $10k−$190.188% of the position

Long on Phoenix Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.115%−$12 on $10k

Price spread, last 7 days+0.208%+$21 · spread now −0.318%, 7d avg −0.099%

Together, before fees+0.093%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.219% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.318% now, against its 7-day average of −0.099%). If the spread goes back, that is −$22 on $10k: about 9.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix HYPE	92.921	0.0026	pay 0.0003% / 1h	22m 04s	$210K	$1.2M	10x
Short	Nado HYPE-PERP	92.626	0.0100	get 0.0012% / 1h	22m 04s	$7.4M	$46.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phoenix. 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 PhoenixbpFee NadobpOrdersPrice spread, now −0.318%Rate

Funding earned: $15.58
Price spread: −0.318% → −0.099%: −$21.87
Slippage, 4 orders: −$4.83
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$25.12
Costs to cover: 0.188%
Break-even: 18.3 days

Slippage from Phoenix: live order book, 1 min ago; Nado: live order book, 2 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 Phoenix live order book, 1 min ago	0.97 bp	5.4 bp −$5	9.8 bp −$98	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.05 bp	4.4 bp −$4	6.6 bp −$66	25.0 bp −$2,497	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	−0.1696%	1h	92.615	−0.330%	$193K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0303%	1h	92.786	−0.145%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.606	−0.339%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.647	−0.295%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0060%	4h	92.697	−0.241%	$145K	$681K	20x	as long as short
Bullet HYPE-USD	−0.0003%	1h	92.702	−0.236%	$112K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.661	−0.279%	$127K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.712	−0.225%	$22K	$293K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.735	−0.200%	$62K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0003%	1h	92.570	−0.378%	$698K	$1.1M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0024%	1h	92.652	−0.289%	$86K	$364K	20x	as long as short
Phoenix HYPElong	+0.0026%	1h	92.921	long leg	$210K	$1.2M	10x
Bybit HYPEUSDT	+0.0032%	8h	92.580	−0.367%	$314.9M	$283.0M	75x	as long as short
Popdex HYPEUSDT	+0.0040%	1h	92.644	−0.298%	$70K	$1.1M	50x	as long as short
Bitget HYPEUSDT	+0.0046%	4h	92.608	−0.337%	$224.2M	$98.9M	75x	as long as short
Phemex HYPEUSDT	+0.0060%	8h	92.700	−0.238%	$12.5M	$2.7M	50x	as long as short
Gate HYPE_USDT	+0.0060%	4h	92.675	−0.265%	$45.1M	$54.4M	75x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	92.837	−0.091%	$4.9M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	92.717	−0.220%	$16.0M	$62.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.727	−0.209%	$3.1M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	92.674	−0.266%	$338K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.630	−0.313%	$34K	$1.7M	10x	as long as short
Nado HYPE-PERPshort	+0.0100%	1h	92.626	−0.318%	$7.4M	$46.1M	10x
Hyperliquid HYPE	+0.0100%	1h	92.738	−0.197%	$2.02B	$666.4M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	92.617	−0.327%	$8.7M	$36.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	92.669	−0.271%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.644	−0.299%	$372.6M	$905.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.588	−0.358%	$113.7M	$303.0M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.709	−0.228%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.701	−0.237%	$91.1M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.700	−0.238%	$46.1M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.670	−0.270%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.693	−0.245%	$7.2M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.768	−0.165%	$28.5M	$57.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.808	−0.122%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.846	−0.081%	$341K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.765	−0.168%	$667K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.736	−0.199%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.734	−0.201%	$481K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.702	−0.236%	$78K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.690	−0.248%	$16.0M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.670	−0.270%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.702	−0.236%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.812	−0.117%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.676	−0.264%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.691	−0.247%	$392K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0132%	8h	92.718	−0.218%	$1.8M	$5.4M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.770	−0.163%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.768	−0.165%	$20.6M	$29.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	92.640	−0.302%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0266%	1h	92.713	−0.224%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.738	−0.197%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.682	−0.257%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0343%	1h	92.797	−0.133%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.698	−0.240%	$3.1M	$6.4M	20x	as long as short