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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.008%
Price spread now: Binance against Nado−0.048%7-day average +0.004% · 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−$23as in the Price arb table
costs, in and out, $10k−$180.183% of the position
Long on NadoShort on Binance
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.010%+$1 on $10k
Price spread, last 7 days+0.044%+$4 · spread now −0.048%, 7d avg +0.004%
Together, before fees+0.054%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.052% cheaper against Nado than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.0050.0100pay 0.0012% / 1h57m 57s$5.7M$43.5M10x
ShortBinance HYPEUSDT92.9610.0078get 0.0039% / 4h1h 57m$378.0M$874.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
−$4.55
Price spread: −0.048% → +0.004%
−$5.2
Slippage, 4 orders
−$1.27
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Binance: 5 bp × 2 orders
−$10
Net
−$28.02
Costs to cover
0.183%
Break-even
never at this rate
Slippage from Nado: live order book, 1 min ago; Binance: live order book, 16 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 Nado live order book, 1 min ago0.05 bp3.6 bp −$45.6 bp −$5627.2 bp −$2,724doesn't fit
Sell Binance live order book, 16 min ago0.05 bp5.5 bp −$67.7 bp −$7714.7 bp −$1,46829.9 bp −$14.9K

HYPE on 54 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−0.1136%1h93.123+0.127%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h92.959−0.050%$1.2M$3.8M10xas long as short
Bluefin HYPE-PERP−0.0415%1h92.961−0.048%$79K$170K20xas long as short
Ondo Perps HYPE-USD.P−0.0313%1h93.040+0.037%$698K$902K10xas long as short
01 Exchange HYPEUSD−0.0096%1h93.078+0.078%$84K$346K20xas long as short
Bullet HYPE-USD−0.0095%1h93.007+0.002%$112K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.198+0.207%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0052%4h92.992−0.015%$155K$639K20xas long as short
Phemex HYPEUSDT−0.0023%8h93.039+0.036%$12.6M$2.7M50xas long as short
Aster HYPEUSDT−0.0005%4h92.971−0.037%$8.8M$35.4M300xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HYPE-USD0.0000%1h93.100+0.101%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.092+0.093%$22K$321K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.025+0.021%$25K—150xas long as short
Bybit HYPEUSDT+0.0009%8h92.960−0.049%$319.0M$275.7M75xas long as short
Gate HYPE_USDT+0.0012%4h92.971−0.037%$44.3M$54.1M75xas long as short
BingX HYPE-USDT+0.0012%4h92.972−0.036%—$53.1M—as long as short
Aftermath Perps HYPEUSD+0.0013%1h93.325+0.344%$22K$21K10xas long as short
Phoenix HYPE+0.0060%1h93.318+0.336%$210K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h92.971−0.037%$114.1M$300.0M50xas long as short
MEXC HYPE_USDT+0.0078%4h92.981−0.026%$87.5M$79.7M100xas long as short
Binance HYPEUSDTshort+0.0078%4h92.961−0.048%$378.0M$874.1M75x
edgeX HYPEUSDC+0.0083%4h93.256+0.269%$5.0M$30.1M30xas long as short
Lighter HYPE+0.0096%1h93.042+0.039%$16.2M$61.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.032+0.028%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.062+0.061%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.106+0.108%$338K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.090+0.091%$12K$1.6M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.005long leg$5.7M$43.5M10x
Hyperliquid HYPE+0.0100%1h93.098+0.099%$2.03B$658.7M10xas long as short
Pacifica HYPE+0.0100%1h93.105+0.107%$10.0M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.335+0.354%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.991−0.016%$46.0M$17.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.957−0.052%$224.9M$96.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.967−0.041%$7.3M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.219+0.229%$31.1M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.419+0.445%$7.5M$46.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.263+0.277%$337K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.218+0.228%$665K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.122+0.125%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.054+0.052%$473K$2.4M20xas long as short
Derive HYPE-PERP+0.0100%1h92.986−0.021%$16.1M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.189+0.197%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.010+0.005%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h92.945−0.065%$18.3M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.002−0.004%$396K$170K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.100+0.102%$4.9M$5.4M50xas long as short
HTX HYPE-USDT+0.0207%4h93.200+0.209%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0256%1h93.002−0.004%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0276%8h93.073+0.073%$1.9M$4.8M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0298%1h93.093+0.094%$7.4M$4.4M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.023+0.019%$1.4M—100xas long as short
RISEx HYPE/USDC+0.0510%1h93.157+0.163%$3.2M$6.7M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.170+0.177%$30K$338K12xas long as short
Kraken Futures PF_HYPEUSD+0.0687%1h93.087+0.088%$20.7M$30.0M50xas long as short