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Funding arb · Price arb /

HYPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: Polymarket Perps against Nado+0.028%7-day average −0.052% · 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−$9as in the Price arb table
costs, in and out, $10k−$170.169% of the position
Long on NadoShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 7 days−0.159%−$16 · spread now +0.028%, 7d avg −0.052%
Together, before fees−0.162%+ Points / potential airdropNado: Active · farm board−$16 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: Polymarket Perps is 0.081% dearer against Nado than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP92.9850.0100pay 0.0012% / 1h7m 35s$5.8M$43.0M10x
ShortPolymarket Perps HYPE-USD93.0120.0100get 0.0013% / 1h7m 35s$470K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: +0.028% → −0.052%
$8.07
Slippage, 4 orders
−$1.86
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$8.79
Costs to cover
0.169%
Break-even
902817224224115.9 days
Slippage from Nado: live order book, 2 min ago; Polymarket Perps: live order book, 1 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, 2 min ago0.05 bp3.9 bp −$46.0 bp −$6025.9 bp −$2,595doesn't fit
Sell Polymarket Perps live order book, 1 min ago0.64 bp4.6 bp −$55.0 bp −$5013.1 bp −$1,307doesn'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−0.0944%1h93.076+0.097%$197K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h92.875−0.119%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0132%1h93.080+0.102%$698K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.031+0.049%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0078%1h93.224+0.257%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0056%1h92.973−0.013%$86K$346K20xas long as short
Orderly PERP_HYPE_USDC−0.0049%4h93.042+0.061%$154K$654K20xas long as short
dYdX HYPE-USD0.0000%1h93.069+0.090%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.064+0.084%$23K$316K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.093+0.115%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0004%1h93.050+0.070%$111K$579K20xas long as short
Phemex HYPEUSDT+0.0007%8h93.097+0.120%$12.6M$2.7M50xas long as short
Aster HYPEUSDT+0.0016%4h93.022+0.039%$8.8M$35.8M300xas long as short
Phoenix HYPE+0.0026%1h93.210+0.241%$213K$1.2M10xas long as short
BingX HYPE-USDT+0.0038%4h92.997+0.012%—$52.9M—as long as short
Gate HYPE_USDT+0.0042%4h92.998+0.013%$44.4M$55.6M75xas long as short
Bybit HYPEUSDT+0.0047%8h92.960−0.027%$319.8M$276.6M75xas long as short
OKX HYPE-USDT-SWAP+0.0073%8h92.956−0.032%$113.4M$298.2M50xas long as short
Derive HYPE-PERP+0.0087%1h93.019+0.036%$16.1M$7.5M10xas long as short
MEXC HYPE_USDT+0.0094%4h92.988+0.003%$89.3M$81.2M100xas long as short
Binance HYPEUSDT+0.0095%4h92.982−0.004%$376.1M$879.5M75xas long as short
Lighter HYPE+0.0096%1h93.008+0.025%$16.2M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.023+0.040%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.965−0.022%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.045+0.064%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h92.990+0.005%$24K$1.6M10xas long as short
Nado HYPE-PERPlong+0.0100%1h92.985long leg$5.8M$43.0M10x
Hyperliquid HYPE+0.0100%1h93.083+0.105%$2.03B$653.8M10xas long as short
Pacifica HYPE+0.0100%1h93.020+0.037%$10.0M$14.8M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.028+0.046%$45.7M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.961−0.026%$224.8M$96.3M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.016+0.033%$7.3M$10.0M20xas long as short
Variational Omni HYPE+0.0100%8h93.197+0.227%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.172+0.201%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.081+0.103%$338K$998K50xas long as short
StandX HYPE-USD+0.0100%1h93.112+0.136%$666K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.035+0.053%—$243K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.012+0.028%$470K$2.6M20x
Bluefin HYPE-PERP+0.0100%1h93.017+0.034%$79K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.048+0.067%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.042+0.061%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.155+0.182%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h92.960−0.028%$18.3M$42.8M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.026+0.044%$396K$162K20xas long as short
edgeX HYPEUSDC+0.0114%4h93.123+0.148%$5.0M$28.9M30xas long as short
HTX HYPE-USDT+0.0124%4h93.200+0.231%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.120+0.145%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h92.961−0.026%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0271%8h93.109+0.133%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0156%1h93.078+0.099%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.118+0.142%$16.9M$11.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0416%1h93.152+0.179%$7.4M$4.3M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.078+0.099%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.390+0.435%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0687%1h93.109+0.133%$20.7M$29.8M50xas long as short