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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%
Price spread now: OKX against Nado−0.116%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$190.193% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.012%−$1 on $10k
Price spread, last 7 days+0.115%+$11 · spread now −0.116%, 7d avg −0.016%
Together, before fees+0.103%+ Points / potential airdropNado: Active · farm board+$10 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: OKX is 0.100% cheaper against Nado than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.5970.0100pay 0.0012% / 1h50m 10s$7.6M$48.3M10x
ShortOKX HYPE-USDT-SWAP93.4890.0100get 0.0100% / 8h2h 50m$114.6M$309.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: −0.116% → −0.016%
−$9.96
Slippage, 4 orders
−$2.33
Fee Nado: 3.5 bp × 2 orders
−$7
Fee OKX: 5 bp × 2 orders
−$10
Net
−$29.29
Costs to cover
0.193%
Break-even
3009133633799684.0 days
Slippage from Nado: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago0.05 bp4.0 bp −$46.7 bp −$6725.6 bp −$2,561doesn't fit
Sell OKX live order book, 4 min ago0.05 bp5.1 bp −$57.6 bp −$7617.2 bp −$1,717doesn'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−0.1880%1h93.511−0.093%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0373%1h93.547−0.054%$22K$21K10xas long as short
Bullet HYPE-USD−0.0082%1h93.541−0.060%$112K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.613+0.017%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0033%4h93.512−0.091%$146K$663K20xas long as short
Ondo Perps HYPE-USD.P−0.0024%1h93.580−0.019%$704K$1.2M10xas long as short
01 Exchange HYPEUSD−0.0024%1h93.615+0.019%$88K$365K20xas long as short
dYdX HYPE-USD0.0000%1h93.608+0.011%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.556−0.044%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.557−0.044%$62K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.574−0.025%$1.0M$3.9M10xas long as short
Phemex HYPEUSDT+0.0018%8h93.489−0.116%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0020%4h93.492−0.113%$226.2M$99.1M75xas long as short
Bybit HYPEUSDT+0.0024%8h93.457−0.150%$317.9M$283.6M75xas long as short
Phoenix HYPE+0.0026%1h93.701+0.111%$210K$1.2M10xas long as short
edgeX HYPEUSDC+0.0083%4h93.497−0.107%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.636+0.041%$341K$162K20xas long as short
Lighter HYPE+0.0096%1h93.495−0.109%$16.1M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.494−0.111%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.600+0.003%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.580−0.019%$28K$1.7M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.597long leg$7.6M$48.3M10x
Hyperliquid HYPE+0.0100%1h93.647+0.052%$2.04B$666.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.504−0.100%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.628+0.033%$10.1M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.478−0.128%$374.8M$911.0M75xas long as short
OKX HYPE-USDT-SWAPshort+0.0100%8h93.489−0.116%$114.6M$309.2M50x
Bulk HYPE-USD+0.0100%1h93.614+0.018%$204K$3K10xas long as short
Gate HYPE_USDT+0.0100%4h93.545−0.056%$46.4M$53.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.489−0.116%$92.0M$80.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.606+0.009%$46.9M$18.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.519−0.084%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.633+0.038%$7.3M$11.0M20xas long as short
Variational Omni HYPE+0.0100%8h93.649+0.055%$28.7M$56.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.576−0.023%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.516−0.087%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.661+0.068%$670K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.647+0.053%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.602+0.005%$490K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.493−0.112%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.486−0.119%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.580−0.019%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.463−0.144%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.650+0.056%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.454−0.153%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.526−0.077%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.666+0.073%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.570−0.029%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.550−0.051%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.544−0.058%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.548−0.052%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.673+0.081%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.526−0.076%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0381%1h93.572−0.027%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.666+0.073%$3.2M$6.3M20xas long as short