HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0167%/8h= +18.3% APRnext payment +$0.21 per $10,000 · paid last 24h +0.037%

Price spread now: Reya against Aevo−0.131%53s7-day average −0.026% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.131%, 7d avg −0.026%

Together, before fees+0.127%+ Points / potential airdropReya: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.104% cheaper against Aevo than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of −0.026%). If the spread goes back, that is −$10 on $10k: about 2.1 days of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.005% in total) that is about 2 months. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	93.470	0.0104	pay 0.0013% / 1h	36m 28s	$395K	$159K	20x
Short	Reya HYPERUSDPERP	93.348	0.0271	get 0.0034% / 1h	36m 28s	$77K	$129K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aevo. 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 AevobpFee ReyabpOrdersPrice spread, now −0.131%Rate

Funding earned: $35.11
Price spread: −0.131% → −0.026%: −$10.42
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Reya: 3 bp × 2 orders: −$6
Net: $2.69
Costs to cover: 0.220%
Break-even: 6.5 days

Slippage unknown: Aevo: live order book, 8 min ago; Reya: no order-book sample. Net counts fees only.

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 Aevo live order book, 8 min ago	5.59 bp	16.6 bp −$17	23.3 bp −$233	27.6 bp −$2,763	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1056%	1h	93.428	−0.045%	$198K	$240K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0190%	1h	93.549	+0.085%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0103%	1h	93.340	−0.139%	$703K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.463	−0.008%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0066%	1h	93.329	−0.151%	$110K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	93.413	−0.061%	$86K	$369K	20x	as long as short
Bluefin HYPE-PERP	−0.0033%	1h	93.313	−0.168%	$79K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0021%	4h	93.327	−0.153%	$145K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.447	−0.025%	$128K	$28K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.534	+0.068%	$1.8M	$5.6M	2.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.408	−0.066%	$20K	$289K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.368	−0.110%	$83K	—	150x	as long as short
Bybit HYPEUSDT	+0.0002%	8h	93.322	−0.158%	$314.9M	$288.4M	75x	as long as short
BingX HYPE-USDT	+0.0002%	4h	93.353	−0.125%	—	$53.6M	—	as long as short
Derive HYPE-PERP	+0.0010%	1h	93.422	−0.051%	$16.2M	$7.4M	10x	as long as short
Phoenix HYPE	+0.0017%	1h	93.482	+0.013%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0042%	4h	93.366	−0.111%	$224.9M	$99.7M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0077%	8h	93.429	−0.044%	$334K	$161K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.375	−0.102%	$1.0M	$4.0M	10x	as long as short
Phemex HYPEUSDT	+0.0086%	8h	93.459	−0.012%	$12.8M	$2.8M	50x	as long as short
edgeX HYPEUSDC	+0.0086%	4h	93.443	−0.029%	$5.0M	$30.5M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.410	−0.064%	$16.1M	$63.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.419	−0.055%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.390	−0.086%	$80K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.400	−0.075%	$21K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.402	−0.072%	$7.4M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.475	+0.005%	$2.04B	$681.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.362	−0.115%	$8.8M	$37.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.433	−0.040%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.341	−0.138%	$373.7M	$930.3M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.331	−0.149%	$115.2M	$314.6M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.370	−0.107%	$48.4M	$55.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.353	−0.125%	$89.2M	$83.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.411	−0.063%	$46.3M	$18.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.449	−0.023%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.479	+0.009%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.540	+0.075%	$7.5M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.577	+0.114%	$347K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.507	+0.040%	$677K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.455	−0.016%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.396	−0.079%	$469K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.533	+0.067%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.471	+0.001%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.615	+0.155%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.507	+0.040%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.348	−0.131%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERPlong	+0.0104%	1h	93.470	long leg	$395K	$159K	20x
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.460	−0.011%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.430	−0.043%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERPshort	+0.0271%	1h	93.348	−0.131%	$77K	$129K	15x
Deribit HYPE_USDC-PERPETUAL	+0.0295%	1h	93.567	+0.104%	$7.4M	$4.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.388	−0.088%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.480	+0.011%	$16.9M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0416%	1h	93.550	+0.085%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.388	−0.088%	$3.2M	$6.4M	20x	as long as short