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

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.070%
Price spread now: BloFin against Nado+0.039%7-day average +0.013% · 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−$19as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Long on NadoShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.256%+$26 on $10k
Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.039%, 7d avg +0.013%
Together, before fees+0.187%+ Points / potential airdropNado: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.026% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.6170.0100pay 0.0012% / 1h45m 46s$7.4M$50.9M10x
ShortBloFin HYPE-USDT93.6530.0340get 0.0170% / 4h1h 45m$17.0M$12.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$50.4
Price spread: +0.039% → +0.013%
$2.6
Slippage, 4 orders
−$2.27
Fee Nado: 3.5 bp × 2 orders
−$7
Fee BloFin: 6 bp × 2 orders
−$12
Net
$31.73
Costs to cover
0.213%
Break-even
2.6 days
Slippage from Nado: live order book, 3 min ago; BloFin: live order book, 3 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, 3 min ago0.05 bp3.9 bp −$45.7 bp −$5729.5 bp −$2,945doesn't fit
Sell BloFin live order book, 3 min ago0.43 bp6.7 bp −$79.1 bp −$9116.9 bp −$1,689doesn'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−0.1096%1h93.581−0.038%$198K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0234%1h93.764+0.158%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h93.570−0.050%$705K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.621+0.005%$3K$33125xas long as short
Bullet HYPE-USD−0.0071%1h93.591−0.027%$111K$580K20xas long as short
01 Exchange HYPEUSD−0.0064%1h93.625+0.009%$86K$370K20xas long as short
Bluefin HYPE-PERP−0.0035%1h93.576−0.043%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0020%4h93.559−0.061%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.698+0.087%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.652+0.038%$21K$287K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.634+0.019%$63K—150xas long as short
BingX HYPE-USDT+0.0006%4h93.566−0.054%—$53.7M—as long as short
Bybit HYPEUSDT+0.0008%8h93.533−0.089%$315.9M$288.0M75xas long as short
Phoenix HYPE+0.0017%1h93.687+0.075%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.547−0.074%$225.3M$99.5M75xas long as short
Phemex HYPEUSDT+0.0074%8h93.592−0.026%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0082%4h93.648+0.033%$5.0M$30.6M30xas long as short
Paradex HYPE-USD-PERP+0.0082%8h93.656+0.043%$335K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.600−0.018%$1.0M$4.0M10xas long as short
Derive HYPE-PERP+0.0092%1h93.549−0.072%$16.3M$7.4M10xas long as short
Lighter HYPE+0.0096%1h93.542−0.080%$16.1M$63.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.597−0.021%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.607−0.010%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.630+0.014%$22K$1.7M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.617long leg$7.4M$50.9M10x
Hyperliquid HYPE+0.0100%1h93.650+0.036%$2.05B$682.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.570−0.050%$8.8M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h93.667+0.054%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.554−0.067%$374.9M$930.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.529−0.093%$115.6M$315.9M50xas long as short
Gate HYPE_USDT+0.0100%4h93.566−0.054%$48.4M$55.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.572−0.048%$90.0M$83.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.564−0.056%$46.2M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.592−0.026%$7.2M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.670+0.057%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.726+0.117%$7.6M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.674+0.061%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.649+0.035%$678K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.677+0.065%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.633+0.018%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.702+0.091%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.563−0.057%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.783+0.178%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.122%$216K$15K10xas long as short
Kalshi KXHYPEPERP+0.0102%8h93.619+0.003%$1.8M$5.6M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.550−0.071%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.581−0.038%$396K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.610−0.007%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.640+0.025%$30K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0252%1h93.679+0.067%$7.4M$4.2M50xas long as short
Reya HYPERUSDPERP+0.0271%1h93.569−0.051%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.625+0.009%$1.4M—100xas long as short
BloFin HYPE-USDTshort+0.0340%4h93.653+0.039%$17.0M$12.2M75x
Kraken Futures PF_HYPEUSD+0.0415%1h93.648+0.034%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.647+0.033%$3.2M$6.4M20xas long as short