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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
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: StandX against Nado+0.177%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs$0as in the Price arb table
costs, in and out, $10k−$180.184% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.015%+$2 on $10k
Price spread, last 7 days−0.195%−$19 · spread now +0.177%, 7d avg −0.004%
Together, before fees−0.179%+ Points / potential airdropNado: Active · StandX: Active · farm board−$18 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: StandX is 0.181% dearer against Nado than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.4000.0100pay 0.0012% / 1h29m 19s$5.8M$43.2M10x
ShortStandX HYPE-USD93.5650.0100get 0.0013% / 1h29m 19s$668K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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: +0.177% → −0.004%
$18.09
Slippage, 4 orders
−$3.41
Fee Nado: 3.5 bp × 2 orders
−$7
Fee StandX: 4 bp × 2 orders
−$8
Net
−$0.32
Costs to cover
0.184%
Break-even
33269778963539.9 days
Slippage from Nado: live order book, 5 min ago; StandX: live order book, 5 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, 5 min ago0.05 bp3.6 bp −$45.5 bp −$55doesn't fitdoesn't fit
Sell StandX live order book, 5 min ago1.34 bp5.3 bp −$55.6 bp −$5614.0 bp −$1,399doesn'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−0.1296%1h93.492+0.099%$198K$227K7xas long as short
Arcus HYPE-USD−0.0899%1h93.259−0.150%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0102%1h93.320−0.085%$699K$996K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.383−0.018%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.372−0.029%$85K$343K20xas long as short
Phemex HYPEUSDT−0.0051%8h93.315−0.090%$12.6M$2.7M50xas long as short
Aftermath Perps HYPEUSD−0.0047%1h93.448+0.052%$22K$21K10xas long as short
Orderly PERP_HYPE_USDC−0.0043%4h93.327−0.078%$153K$652K20xas long as short
Bullet HYPE-USD−0.0007%1h93.331−0.074%$111K$578K20xas long as short
dYdX HYPE-USD0.0000%1h93.408+0.009%$128K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.357−0.046%$23K$319K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.347−0.056%$62K150xas long as short
BingX HYPE-USDT+0.0024%4h93.338−0.066%$53.0Mas long as short
Phoenix HYPE+0.0026%1h93.609+0.224%$213K$1.2M10xas long as short
Aster HYPEUSDT+0.0030%4h93.361−0.041%$8.8M$35.5M300xas long as short
Bybit HYPEUSDT+0.0039%8h93.300−0.107%$320.9M$276.9M75xas long as short
Gate HYPE_USDT+0.0058%4h93.344−0.059%$44.6M$55.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0075%8h93.281−0.127%$114.0M$301.6M50xas long as short
Derive HYPE-PERP+0.0083%1h93.301−0.105%$16.2M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.322−0.083%$16.2M$61.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.327−0.078%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.375−0.026%$69K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.418+0.019%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.400+0.001%$17K$1.6M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.400long leg$5.8M$43.2M10x
Hyperliquid HYPE+0.0100%1h93.436+0.039%$2.04B$654.7M10xas long as short
Pacifica HYPE+0.0100%1h93.399−0.001%$10.0M$14.7M20xas long as short
Binance HYPEUSDT+0.0100%4h93.308−0.098%$378.5M$876.4M75xas long as short
Bulk HYPE-USD+0.0100%1h93.364−0.038%$203K$10K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.302−0.104%$89.7M$80.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.371−0.031%$46.0M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.319−0.086%$225.6M$96.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.378−0.023%$7.4M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.546+0.157%$31.2M$53.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.614+0.230%$7.6M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.581+0.194%$340K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.565+0.177%$668K$2.6M20x
Vest HYPE-PERP+0.0100%1h93.428+0.031%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.389−0.011%$471K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.296+0.960%$80K$170K20xas long as short
SunX HYPE-USDT+0.0100%4h93.436+0.039%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.313−0.093%$2.0M$1.9M10xas long as short
edgeX HYPEUSDC+0.0102%4h93.459+0.064%$5.1M$29.7M30xas long as short
Extended HYPE-USD+0.0104%1h93.286−0.121%$18.4M$43.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.321−0.084%$397K$162K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.390−0.010%$4.8M$5.5M50xas long as short
HTX HYPE-USDT+0.0180%4h93.500+0.108%$1.4M$6.0M75xas long as short
Reya HYPERUSDPERP+0.0258%1h93.333−0.071%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0280%8h93.416+0.018%$1.9M$5.0M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.358−0.044%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.339−0.065%$16.9M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0361%1h93.402+0.003%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.464+0.069%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.280−0.128%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0685%1h93.373−0.029%$20.7M$29.8M50xas long as short