HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h −0.018%

Price spread now: 01 Exchange against Nado+0.007%7-day average +0.035% · 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−$24as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Nado Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.208%+$21 · spread now +0.007%, 7d avg +0.035%

Together, before fees+0.180%+ Points / potential airdropNado: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and 01 Exchange is 0.028% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado HYPE-PERP	93.757	0.0100	pay 0.0012% / 1h	54m 29s	$6.7M	$50.6M	10x
Short	01 Exchange HYPEUSD	93.763	−0.0080	pay 0.0010% / 1h	54m 29s	$86K	$372K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.007%Rate

Funding earned: −$37.8
Price spread: +0.007% → +0.035%: −$2.76
Slippage, 4 orders: −$7.69
Fee Nado: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$62.25
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; 01 Exchange: live order book, 55 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, 5 min ago	0.05 bp	3.9 bp −$4	7.3 bp −$73	28.3 bp −$2,834	doesn't fit
Sell 01 Exchange live order book, 55 min ago	0.37 bp	7.1 bp −$7	13.8 bp −$138	doesn't fit	doesn't fit

HYPE on 55 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	−0.1224%	1h	93.798	+0.045%	$199K	$243K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0267%	1h	94.002	+0.262%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0162%	1h	93.650	−0.114%	$707K	$1.2M	10x	as long as short
01 Exchange HYPEUSDshort	−0.0080%	1h	93.763	+0.007%	$86K	$372K	20x
Hotstuff HYPE-PERP	−0.0080%	1h	93.750	−0.007%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0017%	4h	93.724	−0.035%	$149K	$681K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.724	−0.035%	$129K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.760	+0.003%	$22K	$285K	10x	as long as short
Bluefin HYPE-PERP	+0.0002%	1h	93.745	−0.012%	$79K	$166K	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.781	+0.026%	$63K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	+0.0012%	4h	93.677	−0.085%	—	$53.8M	—	as long as short
Bybit HYPEUSDT	+0.0015%	8h	93.730	−0.028%	$316.7M	$287.6M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.872	+0.123%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.744	−0.013%	$225.9M	$99.5M	75x	as long as short
Phemex HYPEUSDT	+0.0063%	8h	93.789	+0.035%	$12.8M	$2.8M	50x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	93.922	+0.177%	$5.0M	$30.4M	30x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.674	−0.088%	$1.0M	$4.0M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0088%	8h	93.680	−0.082%	$340K	$158K	20x	as long as short
ApeX Omni HYPEUSDT	+0.0089%	1h	93.802	+0.049%	$348K	$1.0M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.653	−0.111%	$16.1M	$63.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.659	−0.104%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.760	+0.004%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.710	−0.050%	$20K	$1.7M	10x	as long as short
Nado HYPE-PERPlong	+0.0100%	1h	93.757	long leg	$6.7M	$50.6M	10x
Hyperliquid HYPE	+0.0100%	1h	93.783	+0.028%	$2.05B	$680.4M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.750	−0.007%	$8.9M	$37.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.676	−0.086%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.745	−0.012%	$375.9M	$929.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.733	−0.025%	$115.7M	$316.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.213	+0.487%	$217K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.678	−0.084%	$48.3M	$54.8M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.647	−0.117%	$88.9M	$83.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.647	−0.117%	$46.2M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.765	+0.009%	$7.2M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.759	+0.002%	$28.7M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.839	+0.088%	$7.7M	$47.9M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.798	+0.044%	$679K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.794	+0.040%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.741	−0.017%	$469K	$2.8M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.804	+0.051%	$112K	$581K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.731	−0.028%	$16.4M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.861	+0.111%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.752	−0.005%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.961	+0.218%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.664	−0.099%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.755	−0.001%	$396K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0109%	8h	93.838	+0.087%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.790	+0.036%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.740	−0.018%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.722	−0.037%	$77K	$130K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0294%	1h	93.843	+0.092%	$7.4M	$4.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.784	+0.030%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.752	−0.005%	$17.0M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0414%	1h	93.828	+0.077%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.752	−0.005%	$3.2M	$6.4M	20x	as long as short