HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0212%/8h= −23.2% APRnext payment −$0.26 per $10,000 · paid last 24h −0.092%

Price spread now: Arcus against Nado−0.046%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$140.143% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.115%−$12 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.046%, 7d avg −0.024%

Together, before fees−0.126%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Arcus is 0.023% cheaper against Nado than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HYPE-PERP	94.260	0.0100	pay 0.0012% / 1h	32m 40s	$7.2M	$51.7M	10x
Short	Arcus HYPE-USD	94.216	−0.0112	pay 0.0014% / 1h	32m 40s	$1.0M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$44.5
Price spread: −0.046% → −0.024%: −$2.26
Slippage, 4 orders: −$2.77
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$61.03
Costs to cover: 0.143%
Break-even: never at this rate

Slippage from Nado: live order book, 6 min ago; Arcus: live order book, 1 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, 6 min ago	0.05 bp	4.2 bp −$4	7.5 bp −$75	31.7 bp −$3,168	doesn't fit
Sell Arcus live order book, 1 min ago	0.58 bp	3.2 bp −$3	8.3 bp −$83	26.5 bp −$2,654	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	−0.0880%	1h	94.602	+0.363%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0618%	1h	94.287	+0.029%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0308%	1h	94.670	+0.435%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0236%	1h	94.320	+0.064%	$112K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0184%	1h	94.280	+0.022%	$704K	$1.3M	10x	as long as short
Gate HYPE_USDT	−0.0124%	4h	94.232	−0.029%	$51.3M	$55.1M	75x	as long as short
Arcus HYPE-USDshort	−0.0112%	1h	94.216	−0.046%	$1.0M	$3.5M	10x
01 Exchange HYPEUSD	−0.0104%	1h	94.252	−0.008%	$89K	$365K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.241	−0.020%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0048%	1h	94.309	+0.052%	$18.9M	$35.4M	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	−0.0036%	8h	94.220	−0.042%	$317.0M	$296.9M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.308	+0.051%	$147K	$681K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.317	+0.061%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.451	+0.203%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.608	+0.370%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.336	+0.082%	$123K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.654	+0.419%	$210K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.330	+0.075%	$4.7M	$6.3M	50x	as long as short
Bitget HYPEUSDT	+0.0028%	4h	94.258	−0.002%	$226.5M	$98.8M	75x	as long as short
Derive HYPE-PERP	+0.0034%	1h	94.592	+0.353%	$16.3M	$7.5M	10x	as long as short
Vest HYPE-PERP	+0.0041%	1h	94.467	+0.220%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0045%	8h	94.262	+0.002%	$337K	$154K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0048%	8h	94.211	−0.051%	$117.6M	$327.8M	50x	as long as short
Phemex HYPEUSDT	+0.0064%	8h	94.326	+0.071%	$12.9M	$2.9M	50x	as long as short
SoDEX HYPE-USD	+0.0068%	1h	94.330	+0.075%	$2.1M	$2.0M	10x	as long as short
Backpack HYPE_USDC_PERP	+0.0074%	1h	94.239	−0.022%	$7.5M	$10.4M	20x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	94.626	+0.389%	$5.0M	$30.9M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.248	−0.012%	$16.2M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.240	−0.021%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.243	−0.018%	$148K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.250	−0.010%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERPlong	+0.0100%	1h	94.260	long leg	$7.2M	$51.7M	10x
Hyperliquid HYPE	+0.0100%	1h	94.332	+0.077%	$2.07B	$687.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.233	−0.029%	$9.5M	$37.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.258	−0.002%	$10.1M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.228	−0.033%	$379.4M	$937.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.564	+0.323%	$220K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.245	−0.015%	$93.3M	$86.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.246	−0.014%	$47.0M	$19.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.239	−0.022%	—	$53.5M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.619	+0.382%	$30.0M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.643	+0.407%	$7.6M	$44.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.587	+0.347%	$345K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.446	+0.198%	$694K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.460	+0.213%	$498K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.369	+0.116%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.500	+0.255%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.230	−0.031%	$18.4M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.343	+0.089%	$399K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.284	+0.026%	$3.1M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.966%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0237%	1h	94.428	+0.179%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.540	+0.298%	$85K	$104K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	94.382	+0.130%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.303	+0.046%	$17.2M	$12.6M	75x	as long as short