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Funding arb · Price arb /

HYPE

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Alert: spread
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Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%
Price spread now: Nado against MEXC+0.066%7-day average −0.002% · 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−$5as in the Price arb table
costs, in and out, $10k−$120.119% of the position
Long on MEXCShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.014%−$1 on $10k
Price spread, last 7 days−0.055%−$5 · spread now +0.066%, 7d avg −0.002%
Together, before fees−0.069%+ Points / potential airdropNado: Active · farm board−$7 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 0.067% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HYPE_USDT93.6420.0100pay 0.0050% / 4h3h 32m$90.5M$81.7M100x
ShortNado HYPE-PERP93.7030.0100get 0.0012% / 1h32m 32s$6.0M$44.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.066% → −0.002%
$6.72
Slippage, 4 orders
−$0.94
Fee MEXC: 2 bp × 2 orders
−$4
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$5.22
Costs to cover
0.119%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 2 min ago0.05 bp2.1 bp −$25.2 bp −$5213.5 bp −$1,35442.0 bp −$21.0K
Sell Nado live order book, 2 min ago0.05 bp4.0 bp −$45.8 bp −$5825.2 bp −$2,519doesn't fit

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
Hibachi HYPE/USDT-P−0.1320%1h93.395−0.264%$196K$237K7xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.681+0.042%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0046%1h93.390−0.269%$22K$22K10xas long as short
dYdX HYPE-USD0.0000%1h93.723+0.087%$128K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.791+0.159%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.693+0.055%$23K$352K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0005%1h93.650+0.009%$44K—150xas long as short
01 Exchange HYPEUSD+0.0016%1h93.688+0.049%$89K$327K20xas long as short
Aster HYPEUSDT+0.0018%4h93.665+0.025%$9.0M$36.4M300xas long as short
Gate HYPE_USDT+0.0020%4h93.647+0.005%$44.2M$56.0M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT+0.0056%8h93.680+0.041%$326.1M$285.1M75xas long as short
Kraken Futures PF_HYPEUSD+0.0066%1h93.659+0.018%$18.6M$24.0M50xas long as short
Orderly PERP_HYPE_USDC+0.0093%4h93.534−0.115%$182K$505K20xas long as short
Phoenix HYPE+0.0094%1h93.461−0.193%$205K$1.1M10xas long as short
Lighter HYPE+0.0096%1h93.720+0.083%$18.9M$57.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.737+0.101%$3.1M$12.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.666+0.026%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.710+0.073%$25K$1.7M10xas long as short
Nado HYPE-PERPshort+0.0100%1h93.703+0.066%$6.0M$44.2M10x
Pacifica HYPE+0.0100%1h93.706+0.068%$10.0M$14.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.668+0.028%$391.0M$876.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.693+0.054%$114.6M$316.1M50xas long as short
Ondo Perps HYPE-USD.P+0.0100%1h93.630−0.013%$701K$951K10xas long as short
Arcus HYPE-USD+0.0100%1h93.643+0.001%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.684+0.045%$205K$9K10xas long as short
MEXC HYPE_USDTlong+0.0100%4h93.642long leg$90.5M$81.7M100x
KuCoin HYPEUSDTM+0.0100%4h93.666+0.026%$46.4M$19.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.665+0.025%$227.1M$102.3M75xas long as short
BingX HYPE-USDT+0.0100%4h93.672+0.032%—$54.3M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.713+0.076%$8.0M$11.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.336−0.326%$28.7M$49.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.371−0.289%$7.5M$45.4M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.462−0.192%$457K$934K50xas long as short
StandX HYPE-USD+0.0100%1h93.497−0.155%$676K$2.3M20xas long as short
Vest HYPE-PERP+0.0100%1h93.682+0.043%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.703+0.065%$468K$2.6M20xas long as short
Bullet HYPE-USD+0.0100%1h93.647+0.005%$112K$574K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.554−0.094%$76K$169K20xas long as short
Derive HYPE-PERP+0.0100%1h93.513−0.138%$16.4M$6.9M10xas long as short
SunX HYPE-USDT+0.0100%4h93.571−0.076%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.531−0.119%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.655+0.014%$12.7M$2.5M50xas long as short
Paradex HYPE-USD-PERP+0.0101%8h93.720+0.084%$341K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.655+0.014%$18.2M$40.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.532−0.117%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0110%4h93.333−0.330%$5.0M$28.8M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.610−0.034%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0243%1h93.644+0.002%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0254%1h93.730+0.094%$30K$182K12xas long as short
Hyperliquid HYPE+0.0301%1h93.742+0.107%$2.04B$659.7M10xas long as short
BloFin HYPE-USDT+0.0340%4h93.601−0.044%$17.3M$12.3M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0342% / S −0.0168%1h93.631−0.012%$1.4M—100xas long as short
RISEx HYPE/USDC+0.0422%1h93.746+0.111%$2.8M$6.7M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0445%1h93.640−0.002%$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0465%4h93.799+0.168%$1.5M$7.5M75xas long as short