HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.010%

Price spread now: Nado against 01 Exchange+0.046%7-day average −0.035% · 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−$13as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on 01 Exchange Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.311%−$31 · spread now +0.046%, 7d avg −0.035%

Together, before fees−0.293%+ Points / potential airdropNado: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Nado is 0.081% dearer against 01 Exchange than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange HYPEUSD	93.884	−0.0080	get 0.0010% / 1h	4m 02s	$86K	$359K	20x
Short	Nado HYPE-PERP	93.927	0.0100	get 0.0012% / 1h	4m 02s	$6.6M	$44.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against 01 Exchange. 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 01 ExchangebpFee NadobpOrdersPrice spread, now +0.046%Rate

Funding earned: $37.8
Price spread: +0.046% → −0.035%: $8.08
Slippage, 4 orders: −$7.41
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $24.46
Costs to cover: 0.214%
Break-even: 2.5 days

Slippage from 01 Exchange: live order book, 5 min ago; Nado: live order book, 5 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 01 Exchange live order book, 5 min ago	0.16 bp	7.0 bp −$7	11.4 bp −$114	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	0.05 bp	4.8 bp −$5	6.7 bp −$67	27.9 bp −$2,791	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	−0.1120%	1h	93.756	−0.137%	$198K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.785	−0.105%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0194%	1h	93.910	+0.027%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0090%	1h	93.810	−0.079%	$710K	$958K	10x	as long as short
dYdX HYPE-USD	−0.0081%	1h	93.953	+0.074%	$129K	$31K	5x	as long as short
01 Exchange HYPEUSDlong	−0.0080%	1h	93.884	long leg	$86K	$359K	20x
Hotstuff HYPE-PERP	−0.0080%	1h	93.912	+0.030%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0073%	8h	93.801	−0.088%	$12.8M	$2.6M	50x	as long as short
Bullet HYPE-USD	−0.0046%	1h	93.872	−0.013%	$113K	$580K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0035%	4h	93.840	−0.047%	$159K	$643K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0014%	4h	93.771	−0.120%	$44.4M	$60.4M	75x	as long as short
Perpl HYPE	0.0000%	43m	93.919	+0.037%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.898	+0.015%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0004%	4h	93.836	−0.051%	$8.9M	$36.0M	300x	as long as short
Derive HYPE-PERP	+0.0016%	1h	93.810	−0.079%	$16.4M	$7.6M	10x	as long as short
Bybit HYPEUSDT	+0.0025%	8h	93.748	−0.145%	$322.5M	$278.7M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	94.045	+0.171%	$214K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0054%	4h	93.791	−0.099%	$88.2M	$83.4M	100x	as long as short
Binance HYPEUSDT	+0.0054%	4h	93.792	−0.098%	$383.0M	$893.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0071%	8h	93.706	−0.190%	$115.9M	$314.1M	50x	as long as short
edgeX HYPEUSDC	+0.0074%	4h	93.859	−0.027%	$5.1M	$29.7M	30x	as long as short
Bluefin HYPE-PERP	+0.0076%	1h	93.841	−0.046%	$76K	$170K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.866	−0.020%	$18.9M	$60.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.839	−0.048%	$3.0M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.881	−0.003%	$64K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.851	−0.035%	$399K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.983	+0.105%	$341K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.900	+0.017%	$31K	$1.6M	10x	as long as short
Nado HYPE-PERPshort	+0.0100%	1h	93.927	+0.046%	$6.6M	$44.6M	10x
Hyperliquid HYPE	+0.0100%	1h	93.843	−0.044%	$2.05B	$668.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.935	+0.054%	$10.1M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.895	+0.012%	$46.6M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.798	−0.092%	$227.1M	$100.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.777	−0.114%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.736	−0.158%	$7.9M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.768	−0.124%	$31.3M	$53.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.999	+0.122%	$7.6M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.020	+0.145%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.827	−0.061%	$670K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.910	+0.027%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.906	+0.023%	$474K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.940	+0.060%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.824	−0.064%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.894	+0.010%	$204K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.803	−0.086%	$18.4M	$45.0M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.900	+0.017%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.760	−0.132%	$30K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0216%	4h	93.818	−0.070%	$17.1M	$12.1M	75x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	93.933	+0.052%	$2.7M	$6.7M	20x	as long as short
Kalshi KXHYPEPERP	+0.0246%	8h	93.912	+0.030%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0252%	1h	93.873	−0.012%	$79K	$143K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0157%	1h	93.895	+0.012%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0366%	4h	94.112	+0.243%	$1.5M	$6.0M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0421%	1h	93.922	+0.040%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0672%	1h	93.906	+0.023%	$20.9M	$29.7M	50x	as long as short