HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0171%/8h= +18.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.040%

Price spread now: Reya against Bulk+0.601%52s7-day average −0.053% · you sell dearer than you buy

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

Long on Bulk Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.271%−$27 · spread now +0.601%, 7d avg −0.053%

Together, before fees−0.258%+ Points / potential airdropReya: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Reya is 0.654% dearer against Bulk than usual: you sell high and buy low: +$65 more if the spread goes back to its 7-day average of −0.053%. The two prices were read 52 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	Bulk HYPE-USD	94.213	0.0100	pay 0.0013% / 1h	22m 42s	$219K	$14K	10x
Short	Reya HYPERUSDPERP	94.780	0.0271	get 0.0034% / 1h	22m 42s	$83K	$106K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bulk. 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 BulkbpFee ReyabpOrdersPrice spread, now +0.601%Rate

Funding earned: $35.94
Price spread: +0.601% → −0.053%: $65.4
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $88.34
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Bulk: live order book, 11 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 Bulk live order book, 11 min ago	0.53 bp	4.6 bp −$5	7.3 bp −$73	16.8 bp −$1,679	52.8 bp −$26.4K
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	−0.0816%	1h	94.533	+0.339%	$210K	$267K	7x	as long as short
Bluefin HYPE-PERP	−0.0569%	1h	94.823	+0.647%	$80K	$148K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0298%	1h	94.505	+0.309%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0249%	1h	94.811	+0.634%	$113K	$577K	20x	as long as short
Phemex HYPEUSDT	−0.0215%	8h	94.810	+0.633%	$12.9M	$2.9M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0156%	1h	94.570	+0.378%	$702K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	94.768	+0.589%	$90K	$365K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.870	+0.697%	$1.0M	$3.3M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.664	+0.478%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.848	+0.674%	$18.9M	$35.5M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0015%	8h	94.870	+0.697%	$319.9M	$293.4M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.840	+0.665%	$147K	$676K	20x	as long as short
Gate HYPE_USDT	−0.0002%	4h	94.907	+0.736%	$52.0M	$55.5M	75x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.826	+0.650%	$130K	$92K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.773	+0.594%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.852	+0.678%	$19K	$275K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.860	+0.686%	$114K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.372	+0.168%	$209K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0010%	1h	94.160	−0.057%	$16.3M	$7.5M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.880	+0.707%	$4.7M	$5.9M	50x	as long as short
Bitget HYPEUSDT	+0.0032%	4h	94.897	+0.726%	$228.3M	$97.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0038%	1h	94.819	+0.643%	$7.6M	$10.4M	20x	as long as short
Vest HYPE-PERP	+0.0041%	1h	94.794	+0.617%	—	$190K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0042%	8h	94.860	+0.686%	$118.3M	$328.0M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0042%	8h	94.923	+0.753%	$339K	$39K	20x	as long as short
SoDEX HYPE-USD	+0.0056%	1h	94.864	+0.691%	$2.1M	$2.0M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.880	+0.707%	$16.3M	$63.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.880	+0.707%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.752	+0.572%	$150K	$1.2M	50x	as long as short
edgeX HYPEUSDC	+0.0097%	4h	94.374	+0.171%	$5.0M	$30.8M	30x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.880	+0.707%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.775	+0.596%	$7.3M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.961	+0.794%	$2.09B	$671.9M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.876	+0.703%	$9.0M	$38.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.905	+0.734%	$10.2M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.879	+0.707%	$381.7M	$930.0M	75x	as long as short
Bulk HYPE-USDlong	+0.0100%	1h	94.213	long leg	$219K	$14K	10x
MEXC HYPE_USDT	+0.0100%	4h	94.905	+0.734%	$96.0M	$87.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.892	+0.720%	$47.4M	$19.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.901	+0.730%	—	$52.6M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.267	+0.056%	$29.8M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.416	+0.215%	$7.6M	$44.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.358	+0.153%	$344K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.612	+0.423%	$691K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.834	+0.659%	$500K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.906	+0.735%	$33K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.950	+0.782%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.873	+0.700%	$18.3M	$43.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.892	+0.720%	$401K	$148K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.927	+0.758%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+1.015%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0224%	1h	94.965	+0.798%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERPshort	+0.0271%	1h	94.780	+0.601%	$83K	$106K	15x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	94.895	+0.723%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.864	+0.691%	$17.4M	$12.5M	75x	as long as short