{"uid":"cap_IFeu9EzXYEmEIFetBPcHy","slug":"tanod-defi-funding-rate-spread-0a8a97b8","name":"Tanod DeFi Funding Rate Spread","description":"Funding rate comparison: Hyperliquid vs dYdX perpetual funding with the annualised spread (chainpeek, Tanod). Use when an agent needs perpetual funding on Hyperliquid versus dYdX, with the annualised spread.","url":"https://tanod.dev/v1/defi/funding-spread?utm_source=zero.xyz","method":"POST","headers":{},"bodySchema":{"type":"object","properties":{"limit":{"type":"integer","default":10,"maximum":50,"minimum":1,"description":"Rows returned, 1-50 (default 10)."},"symbols":{"anyOf":[{"type":"array","items":{"type":"string","pattern":"^[A-Za-z0-9._-]{1,20}$"},"maxItems":50},{"type":"null"}],"default":null,"description":"Optional: only these base assets (case-insensitive, at most 50), such as BTC. Names not listed on both venues are returned in symbols_not_found."},"min_volume_usd":{"type":"number","default":0,"maximum":10000000000000,"minimum":0,"description":"Skip markets whose 24 h volume on either venue is below this (USD). Default 0."}}},"responseSchema":{"type":"json","example":{"note":"Data from the Hyperliquid public API and the dYdX v4 indexer; data only, not investment or trading advice.","cache":"fetched","count":1,"source":{"dydx":{"url":"https://indexer.dydx.trade/v4/perpetualMarkets","docs":"https://docs.dydx.xyz/concepts/trading/funding","name":"dYdX v4 indexer"},"hyperliquid":{"url":"https://api.hyperliquid.xyz/info","docs":"https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/info-endpoint","name":"Hyperliquid public API"}},"spread":"hyperliquid minus dydx","markets":[{"dydx":{"mark_price":2490.1,"funding_hourly":0.000021,"volume_24h_usd":81234567,"open_interest_usd":91234567,"funding_annualized_pct":1.84},"symbol":"ETH","hyperliquid":{"mark_price":2489.6,"funding_hourly":0.0000087562,"volume_24h_usd":713597181.13,"open_interest_usd":2806289044.69,"funding_annualized_pct":0.767},"spread_hourly":-0.0000122438,"spread_annualized_pct":-1.073}],"sorted_by":"abs(spread_annualized_pct) desc","annualization":"funding_hourly x 24 x 365, simple (not compounded)","markets_on_both":120,"funding_interval":"hourly (both venues)"}},"example":null,"exampleRequest":null,"tags":["x402"],"displayCostAmount":"0.003","displayCostAsset":"USDC","priceDynamic":false,"priceHint":null,"priceStatus":"priced","priceSource":"probe","requiresHandshake":false,"reviewCount":0,"rating":{"score":"0.00","successRate":"0.00","reviews":0,"stars":null,"state":"unrated"},"availabilityStatus":"unknown","priceObserved":null,"sessionDeposit":null,"pricing":{"kind":"static","summary":"$0.003/call","primary":{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.003","per":"call","confidence":"exact"},"accepted":[{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.003","per":"call","confidence":"exact"}]},"paymentMethods":[{"uid":"pm_Rszn1Xhc_8ca0qcnHTalg","protocol":"x402","methodType":"crypto","chain":"base","mode":"charge","costAmount":"0.003","costPer":"request","priority":0,"asset":"0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913","unit":"request","depositMicros":null,"planRef":null}],"brandName":null,"brandSlug":null,"brandBaseUrl":null,"brandDocsUrl":null,"whatItDoes":"Fetches and compares perpetual futures funding rates across Hyperliquid and dYdX v4, returning spread data sorted by absolute annualized spread.","exampleAgentPrompt":"Show me the top 5 perpetual markets with the biggest funding rate spread between Hyperliquid and dYdX right now, only including markets with at least $10 million in 24-hour volume.","exampleUseCases":[{"title":"Funding rate arbitrage opportunity scanner","prompt":"Find the top 10 crypto perpetuals with the largest funding rate spread between Hyperliquid and dYdX — I want to see both the hourly and annualized spread, and only include markets with at least $5 million in daily volume."},{"title":"ETH and BTC funding cost comparison","prompt":"Compare the current funding rates for BTC and ETH specifically on Hyperliquid vs dYdX — I need the hourly and annualized rates for each, and which exchange is paying more right now."},{"title":"Carry trade monitoring for portfolio","prompt":"Give me the 20 perpetual markets with the highest absolute funding spread between Hyperliquid and dYdX, regardless of direction, with no minimum volume filter — I'm looking for carry trade ideas across all liquid pairs."}],"resultDescription":"A JSON response listing perpetual markets traded on both Hyperliquid and dYdX v4, each with mark price, hourly and annualized funding rates, 24h volume, open interest per venue, and the computed funding spread (Hyperliquid minus dYdX) in both hourly and annualized percentage terms. Results are sorted by absolute annualized spread descending. Also includes source metadata, cache status, total count of markets on both venues, and data disclaimers.","failureModes":["Symbol not found on one or both venues — returned in symbols_not_found array","All requested symbols filtered out by min_volume_usd — empty markets array returned","Upstream API unavailability (Hyperliquid or dYdX indexer down) — may return stale cached data or error","Invalid symbol format — rejected by pattern validation","limit out of range (outside 1-50) — validation error"],"whenToPreferThis":"Use this endpoint when you need to compare perpetual futures funding rates specifically between Hyperliquid and dYdX v4, particularly for identifying cross-exchange funding rate arbitrage or carry trade opportunities. Prefer this over single-exchange funding rate lookups when the spread between venues is the primary signal of interest.","instructions":null,"reviewSummary":null,"reviewSummaryHighlights":null,"reviewSummaryConcerns":null,"reviewSummaryGeneratedAt":null,"activationCount":0,"lastUsedAt":null,"lastSuccessfullyRanAt":null,"lastHealthCheckAt":"2026-10-20T06:52:06.565Z","isFirstParty":false,"canonicalSlug":"tanod-defi-funding-rate-spread-0a8a97b8"}