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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.013%
Price spread now: Nado against gTrade (Gains Network)+0.041%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.041% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD93.315L +0.0002% / S −0.0001%pay 0.0000% / 1h44m 47s$20K150x
ShortNado HYPE-PERP93.3530.0100get 0.0012% / 1h44m 47s$5.9M$44.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against gTrade (Gains Network). 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
$20.6
Price spread: +0.041% → 0.000%
$4.13
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$7.72
Costs to cover
0.170%
Break-even
4.4 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Nado: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell Nado live order book, 4 min ago0.05 bp4.1 bp −$46.7 bp −$6729.5 bp −$2,948doesn't fit
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0341%1h93.173−0.152%$22K$22K10xas long as short
Arcus HYPE-USD−0.0131%1h93.317+0.002%$1.2M$4.0M10xas long as short
Hibachi HYPE/USDT-P−0.0104%1h93.251−0.069%$197K$230K7xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.359+0.047%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0024%1h93.290−0.027%$699K$925K10xas long as short
dYdX HYPE-USD0.0000%1h93.350+0.037%$127K$32K5xas long as short
01 Exchange HYPEUSD0.0000%1h93.377+0.066%$90K$362K20xas long as short
Kalshi KXHYPEPERP0.0000%8h93.433+0.126%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.344+0.031%$23K$331K10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0001%1h93.315long leg$20K150x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex HYPEUSDT+0.0008%1h93.354+0.042%$57K$1.2M50xas long as short
Aster HYPEUSDT+0.0011%4h93.263−0.056%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.160−0.166%$16.3M$7.1M10xas long as short
Bybit HYPEUSDT+0.0031%8h93.186−0.138%$323.7M$287.0M75xas long as short
Phoenix HYPE+0.0034%1h93.278−0.040%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0039%4h93.224−0.098%$171K$521K20xas long as short
Gate HYPE_USDT+0.0070%4h93.211−0.111%$43.7M$57.7M75xas long as short
Lighter HYPE+0.0096%1h93.265−0.054%$18.5M$58.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.235−0.086%$3.0M$12.1M20xas long as short
MEXC HYPE_USDT+0.0098%4h93.202−0.121%$90.3M$81.6M100xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.369+0.058%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.350+0.038%$40K$1.6M10xas long as short
Nado HYPE-PERPshort+0.0100%1h93.353+0.041%$5.9M$44.1M10x
Hyperliquid HYPE+0.0100%1h93.224−0.098%$2.03B$672.0M10xas long as short
Pacifica HYPE+0.0100%1h93.378+0.068%$10.0M$14.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.199−0.124%$383.0M$892.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.179−0.146%$113.9M$314.3M50xas long as short
Bulk HYPE-USD+0.0100%1h92.884−0.462%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.242−0.078%$47.2M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.206−0.117%$225.9M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.199−0.124%$54.1Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.234−0.087%$7.8M$11.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.236−0.085%$28.9M$50.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.215−0.107%$7.5M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.225−0.096%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.204−0.119%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.362+0.050%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.380+0.070%$494K$2.6M20xas long as short
Bullet HYPE-USD+0.0100%1h93.301−0.015%$112K$579K20xas long as short
SunX HYPE-USDT+0.0100%4h93.399+0.090%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.191−0.133%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.211−0.111%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.218−0.104%$18.2M$42.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.235−0.085%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.170−0.156%$5.1M$29.6M30xas long as short
Bluefin HYPE-PERP+0.0164%1h93.189−0.135%$76K$168K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.390+0.080%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.300−0.016%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h93.334+0.020%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0265%1h93.291−0.026%$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0280%4h93.358+0.046%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.413+0.105%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0340%4h93.188−0.136%$16.9M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.326+0.012%$1.5M100xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.322+0.008%$20.8M$28.6M50xas long as short