Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: Nado against Katana Perps+0.025%7-day average +0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.001%$0 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now +0.025%, 7d avg +0.051%
=Together, before fees+0.049%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.025% cheaper against Katana Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps HYPE-USD | 94.290 | 0.0100 | pay 0.0100% / 8h | 2h 04m | $30K | $1.7M | 10x |
| Short | Nado HYPE-PERP | 94.314 | 0.0100 | get 0.0012% / 1h | 4m 06s | $7.2M | $49.0M | 10x |
Katana Perps HYPE-USD
Nado HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Katana Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.09
- Price spread: +0.025% → +0.051%
- −$2.53
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$13.24
- Costs to cover
- 0.108%
- Break-even
- 987.8 days
Slippage unknown: Katana Perps: no order-book sample; Nado: live order book, 5 min ago. Net counts fees only.
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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 5 min ago | 0.05 bp | 3.7 bp −$4 | 5.6 bp −$56 | 27.4 bp −$2,739 | doesn't fit |
Katana Perps: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1296% | 1h | 94.290 | 0.000% | $201K | $241K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0328% | 1h | 94.318 | +0.030% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.328 | +0.040% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0014% | 4h | 94.276 | −0.015% | $150K | $681K | 20x | as long as short |
| Bullet HYPE-USD | −0.0001% | 1h | 94.308 | +0.019% | $112K | $580K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.351 | +0.065% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 94.342 | +0.055% | $87K | $372K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.315 | +0.027% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 94.310 | +0.021% | $63K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 94.285 | −0.005% | $1.0M | $4.0M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | +0.0021% | 8h | 94.230 | −0.064% | $318.4M | $287.1M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 94.438 | +0.157% | $211K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0032% | 8h | 94.287 | −0.003% | $12.8M | $2.8M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0036% | 4h | 94.275 | −0.016% | $227.4M | $99.4M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0066% | 1h | 94.300 | +0.011% | $711K | $1.2M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0092% | 4h | 94.364 | +0.079% | $5.0M | $30.4M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 94.352 | +0.066% | $343K | $158K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.287 | −0.003% | $16.4M | $63.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.279 | −0.012% | $3.2M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.322 | +0.034% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USDlong | +0.0100% | 8h | 94.290 | long leg | $30K | $1.7M | 10x | |
| Nado HYPE-PERPshort | +0.0100% | 1h | 94.314 | +0.025% | $7.2M | $49.0M | 10x | |
| Hyperliquid HYPE | +0.0100% | 1h | 94.371 | +0.086% | $2.07B | $679.8M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.272 | −0.020% | $8.8M | $36.8M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.344 | +0.057% | $10.2M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.257 | −0.035% | $378.8M | $925.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.247 | −0.046% | $116.4M | $317.7M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.250 | −0.042% | $48.2M | $55.8M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.257 | −0.035% | $91.0M | $82.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.296 | +0.006% | $46.6M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.247 | −0.046% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.293 | +0.003% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.388 | +0.104% | $28.9M | $56.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.427 | +0.145% | $7.7M | $48.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.375 | +0.090% | $345K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.333 | +0.046% | $675K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.379 | +0.094% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.316 | +0.028% | $479K | $2.8M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.285 | −0.005% | $80K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 94.265 | −0.026% | $16.3M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.414 | +0.132% | $33K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.255 | −0.037% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.450 | +0.170% | $1.4M | $6.6M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.197 | −0.098% | $217K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.239 | −0.054% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.294 | +0.004% | $399K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0121% | 8h | 94.363 | +0.077% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 94.610 | +0.339% | $31K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.460 | +0.180% | $4.7M | $6.1M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0185% | 1h | 94.350 | +0.064% | $7.5M | $4.1M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0270% | 1h | 94.277 | −0.013% | $78K | $130K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 94.308 | +0.019% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0338% | 1h | 94.331 | +0.044% | $21.0M | $29.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.335 | +0.048% | $16.8M | $12.3M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 94.365 | +0.080% | $3.2M | $6.3M | 20x | as long as short |
Bybit HYPEUSDT
Phoenix HYPE
Phemex HYPEUSDT
Bitget HYPEUSDT
Ondo Perps HYPE-USD.P
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC