HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.009%

Price spread now: Aevo against Nado+0.041%7-day average +0.010% · 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−$229as in the Price arb table

costs, in and out, $10k−$2322.319% of the position

Long on Nado Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.328%−$33 · spread now +0.041%, 7d avg +0.010%

Together, before fees−0.309%+ Points / potential airdropNado: Active · farm board−$31 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: Aevo is 0.031% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HYPE-PERP	94.343	0.0100	pay 0.0012% / 1h	27m 24s	$7.2M	$51.7M	10x
Short	Aevo HYPE-PERP	94.382	0.0104	get 0.0013% / 1h	27m 24s	$399K	$153K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Nado. 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 NadobpFee AevobpOrdersPrice spread, now +0.041%Rate

Funding earned: $0.84
Price spread: +0.041% → +0.010%: $3.09
Slippage, 4 orders: −$208.93
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$228
Costs to cover: 2.319%
Break-even: 1907.0 days

Slippage from Nado: live order book, 2 min ago; Aevo: live order book, 7 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 Nado live order book, 2 min ago	0.05 bp	4.0 bp −$4	7.6 bp −$76	33.0 bp −$3,295	doesn't fit
Sell Aevo live order book, 7 min ago	90.27 bp	124.8 bp −$125	168.1 bp −$1,681	doesn't fit	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	−0.0800%	1h	94.235	−0.115%	$210K	$267K	7x	as long as short
Bluefin HYPE-PERP	−0.0596%	1h	94.304	−0.042%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0293%	1h	94.401	+0.061%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0254%	1h	94.366	+0.024%	$112K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0175%	1h	94.210	−0.142%	$701K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	94.359	+0.016%	$90K	$365K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.332	−0.012%	$1.0M	$3.4M	10x	as long as short
Gate HYPE_USDT	−0.0086%	4h	94.334	−0.010%	$51.6M	$55.4M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.377	+0.036%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0048%	1h	94.347	+0.004%	$18.8M	$35.5M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0030%	8h	94.322	−0.023%	$318.1M	$294.5M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0010%	4h	94.322	−0.023%	$147K	$678K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.385	+0.044%	$129K	$92K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.352	+0.009%	$1.8M	$5.5M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.394	+0.053%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.257	−0.091%	$113K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.404	+0.064%	$210K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0010%	1h	94.160	−0.194%	$16.3M	$7.5M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.440	+0.102%	$4.7M	$5.9M	50x	as long as short
Bitget HYPEUSDT	+0.0030%	4h	94.319	−0.026%	$226.9M	$98.0M	75x	as long as short
Vest HYPE-PERP	+0.0037%	1h	94.417	+0.078%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0041%	8h	94.373	+0.031%	$337K	$39K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0044%	8h	94.325	−0.020%	$117.8M	$327.2M	50x	as long as short
Backpack HYPE_USDC_PERP	+0.0045%	1h	94.360	+0.017%	$7.6M	$10.4M	20x	as long as short
SoDEX HYPE-USD	+0.0048%	1h	94.319	−0.026%	$2.1M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0075%	8h	94.344	+0.001%	$12.9M	$2.9M	50x	as long as short
edgeX HYPEUSDC	+0.0081%	4h	94.269	−0.079%	$5.0M	$31.0M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.378	+0.037%	$16.2M	$62.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.380	+0.039%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.340	−0.004%	$149K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.340	−0.004%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERPlong	+0.0100%	1h	94.343	long leg	$7.2M	$51.7M	10x
Hyperliquid HYPE	+0.0100%	1h	94.431	+0.093%	$2.07B	$689.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.358	+0.015%	$9.6M	$38.0M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.390	+0.049%	$10.2M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.358	+0.015%	$379.6M	$932.8M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.213	−0.138%	$219K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.325	−0.020%	$93.0M	$86.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.338	−0.006%	$47.1M	$19.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.351	+0.008%	—	$53.0M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.329	−0.015%	$29.9M	$56.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.308	−0.038%	$7.6M	$44.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.315	−0.030%	$344K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.232	−0.118%	$694K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.428	+0.090%	$498K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.389	+0.048%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.450	+0.113%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.298	−0.048%	$18.2M	$43.5M	50x	as long as short
Aevo HYPE-PERPshort	+0.0104%	1h	94.382	+0.041%	$399K	$153K	20x
RISEx HYPE/USDC	+0.0133%	1h	94.248	−0.101%	$3.1M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.876%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0227%	1h	94.438	+0.100%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.297	−0.049%	$83K	$105K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	94.397	+0.057%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.351	+0.008%	$17.3M	$12.5M	75x	as long as short