HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.002%

Price spread now: Coinbase International against Nado+0.043%7-day average −0.019% · 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−$20as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.118%−$12 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.043%, 7d avg −0.019%

Together, before fees−0.189%+ Points / potential airdropNado: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.062% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 3 days funding on this pair cost −0.118%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HYPE-PERP	93.180	0.0100	pay 0.0012% / 1h	55m 44s	$5.7M	$43.4M	10x
Short	Coinbase International HYPE-PERP-INTX	93.220	0.0176	get 0.0022% / 1h	55m 44s	$4.9M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.043%Rate

Funding earned: $15.96
Price spread: +0.043% → −0.019%: $6.24
Slippage, 4 orders: −$8.78
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$3.58
Costs to cover: 0.258%
Break-even: 8.6 days

Slippage from Nado: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago	0.05 bp	3.6 bp −$4	5.6 bp −$56	27.2 bp −$2,724	doesn't fit
Sell Coinbase International live order book, 3 min ago	0.54 bp	10.3 bp −$10	15.1 bp −$151	35.5 bp −$3,550	doesn't fit

HYPE on 54 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	−0.1136%	1h	93.001	−0.191%	$195K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.118	−0.066%	$1.2M	$3.8M	10x	as long as short
Bluefin HYPE-PERP	−0.0323%	1h	93.126	−0.057%	$79K	$170K	20x	as long as short
Bullet HYPE-USD	−0.0107%	1h	93.171	−0.009%	$111K	$578K	20x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	93.260	+0.086%	$85K	$346K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.220	+0.043%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0050%	4h	93.139	−0.043%	$155K	$639K	20x	as long as short
Phemex HYPEUSDT	−0.0038%	8h	93.176	−0.004%	$12.6M	$2.7M	50x	as long as short
Aster HYPEUSDT	−0.0004%	4h	93.124	−0.059%	$8.8M	$35.3M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.190	+0.011%	$128K	$31K	5x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.224	+0.047%	$22K	$321K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.174	−0.006%	$25K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0006%	1h	92.990	−0.203%	$696K	$905K	10x	as long as short
BingX HYPE-USDT	+0.0008%	4h	92.988	−0.206%	—	$53.2M	—	as long as short
Bybit HYPEUSDT	+0.0015%	8h	92.995	−0.198%	$320.2M	$275.7M	75x	as long as short
Aftermath Perps HYPEUSD	+0.0017%	1h	93.247	+0.072%	$22K	$21K	10x	as long as short
Gate HYPE_USDT	+0.0028%	4h	93.091	−0.095%	$44.4M	$54.2M	75x	as long as short
Phoenix HYPE	+0.0060%	1h	93.056	−0.133%	$210K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0076%	4h	93.104	−0.081%	$87.7M	$79.8M	100x	as long as short
Binance HYPEUSDT	+0.0077%	4h	93.013	−0.179%	$378.2M	$873.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0077%	8h	92.996	−0.197%	$114.2M	$299.9M	50x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	93.256	+0.082%	$5.0M	$30.1M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.027	−0.163%	$16.3M	$61.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.020	−0.171%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.242	+0.067%	$68K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.301	+0.131%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.240	+0.065%	$12K	$1.6M	10x	as long as short
Nado HYPE-PERPlong	+0.0100%	1h	93.180	long leg	$5.7M	$43.4M	10x
Hyperliquid HYPE	+0.0100%	1h	93.098	−0.087%	$2.03B	$659.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.206	+0.028%	$10.0M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.335	+0.167%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.124	−0.060%	$46.0M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.978	−0.216%	$225.0M	$96.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.096	−0.090%	$7.3M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.170	−0.011%	$31.0M	$54.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.215	+0.039%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.222	+0.046%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.114	−0.070%	$664K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.229	+0.053%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.248	+0.074%	$474K	$2.4M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.135	−0.047%	$16.2M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.272	+0.099%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.158	−0.023%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.070	−0.118%	$18.3M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.145	−0.037%	$396K	$170K	20x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0176%	1h	93.220	+0.043%	$4.9M	$5.4M	50x
HTX HYPE-USDT	+0.0214%	4h	93.350	+0.183%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0256%	1h	93.204	+0.026%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0273%	8h	93.333	+0.165%	$1.9M	$4.8M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.214	+0.037%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0437%	1h	93.255	+0.081%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.352	+0.186%	$3.2M	$6.7M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	92.900	−0.300%	$30K	$338K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0686%	1h	93.236	+0.060%	$20.8M	$29.9M	50x	as long as short