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

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.015%
Price spread now: Nado against StandX+0.215%7-day average +0.005% · 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+$2as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Long on StandXShort on Nado
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.016%−$2 on $10k
Price spread, last 7 days−0.175%−$18 · spread now +0.215%, 7d avg +0.005%
Together, before fees−0.191%+ Points / potential airdropStandX: Active · Nado: Active · farm board−$19 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: Nado is 0.210% dearer against StandX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.2300.0100pay 0.0013% / 1h5m 45s$674K$2.5M20x
ShortNado HYPE-PERP93.4300.0100get 0.0012% / 1h5m 45s$5.9M$44.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against StandX. 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: +0.215% → +0.005%
$20.96
Slippage, 4 orders
−$3.81
Fee StandX: 4 bp × 2 orders
−$8
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$2.16
Costs to cover
0.188%
Break-even
from the start
Slippage from StandX: live order book, 3 min ago; Nado: live order book, 3 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 StandX live order book, 3 min ago1.29 bp5.3 bp −$55.6 bp −$5615.7 bp −$1,567doesn't fit
Sell Nado live order book, 3 min ago0.05 bp4.6 bp −$57.1 bp −$7127.4 bp −$2,737doesn'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
Aftermath Perps HYPEUSD−0.0475%1h93.295+0.069%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0416%1h93.238+0.008%$197K$229K7xas long as short
Arcus HYPE-USD−0.0131%1h93.355+0.134%$1.2M$3.9M10xas long as short
Ondo Perps HYPE-USD.P−0.0129%1h93.160−0.075%$699K$894K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.346+0.124%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.463+0.250%$91K$358K20xas long as short
dYdX HYPE-USD0.0000%1h93.390+0.171%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.394+0.176%$23K$330K10xas long as short
Aster HYPEUSDT+0.0002%4h93.419+0.203%$8.9M$35.7M300xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.460+0.247%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex HYPEUSDT+0.0008%1h93.431+0.216%$58K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0016%4h93.429+0.213%$176K$524K20xas long as short
Bybit HYPEUSDT+0.0020%8h93.410+0.193%$323.5M$281.6M75xas long as short
Phoenix HYPE+0.0034%1h93.306+0.082%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0054%1h93.434+0.218%$112K$577K20xas long as short
MEXC HYPE_USDT+0.0060%4h93.415+0.198%$90.3M$82.4M100xas long as short
Binance HYPEUSDT+0.0061%4h93.428+0.212%$383.5M$886.4M75xas long as short
Derive HYPE-PERP+0.0061%1h93.381+0.162%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0062%4h93.412+0.195%$44.1M$58.9M75xas long as short
edgeX HYPEUSDC+0.0080%4h93.250+0.022%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.475+0.263%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.459+0.246%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.434+0.219%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.417+0.201%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.390+0.172%$35K$1.6M10xas long as short
Nado HYPE-PERPshort+0.0100%1h93.430+0.215%$5.9M$44.1M10x
Hyperliquid HYPE+0.0100%1h93.445+0.231%$2.03B$661.7M10xas long as short
Pacifica HYPE+0.0100%1h93.431+0.216%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.414+0.197%$114.2M$312.6M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.428+0.212%$47.1M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.425+0.209%$226.6M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.408+0.191%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.435+0.220%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.212−0.019%$30.8M$51.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.317+0.094%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.303+0.078%$415K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.230long leg$674K$2.5M20x
Vest HYPE-PERP+0.0100%1h93.422+0.206%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.448+0.234%$494K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.437+0.222%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.482+0.270%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.417+0.201%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.384+0.165%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.280+0.054%$204K$8K10xas long as short
Extended HYPE-USD+0.0104%1h93.390+0.171%$18.2M$41.6M50xas long as short
Kalshi KXHYPEPERP+0.0117%8h93.481+0.269%$1.9M$5.2M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.490+0.279%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0220%4h93.588+0.384%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.530+0.322%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0243%4h93.225−0.005%$16.9M$12.4M75xas long as short
Reya HYPERUSDPERP+0.0248%1h93.426+0.210%$77K$159K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.477+0.265%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.453+0.240%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0371%1h93.517+0.308%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0464%1h93.534+0.327%$20.9M$28.9M50xas long as short