HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0152%/8h= +16.7% APRnext payment +$0.19 per $10,000 · paid last 24h +0.026%

Price spread now: Reya against ApeX Omni−0.044%63s7-day average −0.011% · you buy dearer than you sell

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

Long on ApeX Omni Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.190%+$19 · spread now −0.044%, 7d avg −0.011%

Together, before fees+0.187%+ Points / potential airdropReya: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.033% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of −0.011%). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$5 a day). The two prices were read 63 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	ApeX Omni HYPEUSDT	93.946	0.0100	pay 0.0013% / 1h	8m 18s	$340K	$1.1M	50x
Short	Reya HYPERUSDPERP	93.904	0.0252	get 0.0032% / 1h	8m 18s	$79K	$143K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ApeX OmnibpFee ReyabpOrdersPrice spread, now −0.044%Rate

Funding earned: $31.97
Price spread: −0.044% → −0.011%: −$3.32
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $12.65
Costs to cover: 0.160%
Break-even: 4.2 days

Slippage unknown: ApeX Omni: live order book, 6 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 ApeX Omni live order book, 6 min ago	1.86 bp	8.1 bp −$8	11.5 bp −$115	doesn't fit	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	−0.1152%	1h	93.929	−0.019%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.778	−0.179%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0208%	1h	93.964	+0.019%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0099%	1h	93.860	−0.092%	$710K	$958K	10x	as long as short
Phemex HYPEUSDT	−0.0095%	8h	93.940	−0.006%	$12.8M	$2.6M	50x	as long as short
dYdX HYPE-USD	−0.0087%	1h	93.911	−0.037%	$129K	$31K	5x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.900	−0.049%	$86K	$359K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.953	+0.007%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0047%	1h	93.896	−0.053%	$113K	$580K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0031%	4h	93.868	−0.083%	$159K	$643K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0020%	4h	93.888	−0.062%	$44.4M	$60.3M	75x	as long as short
Perpl HYPE	0.0000%	43m	93.935	−0.011%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.921	−0.027%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0012%	4h	93.877	−0.073%	$8.9M	$36.0M	300x	as long as short
Derive HYPE-PERP	+0.0015%	1h	93.844	−0.108%	$16.4M	$7.6M	10x	as long as short
Bybit HYPEUSDT	+0.0016%	8h	93.891	−0.059%	$323.2M	$279.6M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	94.071	+0.133%	$218K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0052%	4h	93.918	−0.030%	$88.4M	$83.3M	100x	as long as short
Binance HYPEUSDT	+0.0056%	4h	93.896	−0.053%	$383.3M	$893.9M	75x	as long as short
edgeX HYPEUSDC	+0.0065%	4h	93.937	−0.010%	$5.1M	$29.6M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0073%	8h	93.901	−0.048%	$116.1M	$315.0M	50x	as long as short
Bluefin HYPE-PERP	+0.0095%	1h	93.845	−0.108%	$76K	$170K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.924	−0.023%	$18.9M	$60.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.905	−0.044%	$3.0M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.896	−0.053%	$64K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.874	−0.077%	$399K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.928	−0.019%	$341K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.890	−0.060%	$31K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.891	−0.059%	$6.6M	$44.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.967	+0.022%	$2.05B	$668.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.912	−0.036%	$10.1M	$14.7M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.528	−0.445%	$204K	$12K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.904	−0.045%	$46.6M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.898	−0.051%	$227.4M	$100.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.909	−0.039%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.871	−0.080%	$7.9M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.920	−0.028%	$31.4M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.053	+0.114%	$7.6M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDTlong	+0.0100%	1h	93.946	long leg	$340K	$1.1M	50x
StandX HYPE-USD	+0.0100%	1h	94.033	+0.093%	$671K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.947	+0.001%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.931	−0.016%	$474K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.936	−0.011%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.892	−0.057%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.874	−0.076%	$18.4M	$45.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.900	−0.049%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.579%	$31K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0212%	4h	94.058	+0.119%	$17.1M	$12.1M	75x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	93.927	−0.020%	$2.7M	$6.7M	20x	as long as short
Kalshi KXHYPEPERP	+0.0241%	8h	94.083	+0.146%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERPshort	+0.0252%	1h	93.904	−0.044%	$79K	$143K	15x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0335% / S −0.0156%	1h	93.913	−0.035%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0366%	4h	94.211	+0.282%	$1.5M	$5.9M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0463%	1h	93.987	+0.044%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0672%	1h	93.973	+0.029%	$21.0M	$29.8M	50x	as long as short