HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0289%/8h= +31.6% APRnext payment +$0.36 per $10,000 · paid last 24h +0.022%

Price spread now: Reya against Bullet+0.019%7-day average −0.035% · you sell dearer than you buy

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

Long on Bullet Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.045%−$5 · spread now +0.019%, 7d avg −0.035%

Together, before fees−0.046%+ Points / potential airdropReya: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Reya is 0.053% dearer against Bullet than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.035%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet HYPE-USD	93.279	−0.0043	get 0.0005% / 1h	1m 38s	$111K	$580K	20x
Short	Reya HYPERUSDPERP	93.297	0.0246	get 0.0031% / 1h	1m 38s	$78K	$158K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bullet. 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 BulletbpFee ReyabpOrdersPrice spread, now +0.019%Rate

Funding earned: $60.65
Price spread: +0.019% → −0.035%: $5.35
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $52
Costs to cover: 0.140%
Break-even: 1.0 days

Slippage unknown: Bullet: live order book, 22 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 Bullet live order book, 22 min ago	0.48 bp	7.1 bp −$7	9.1 bp −$91	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	−0.0800%	1h	93.293	+0.015%	$197K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0264%	1h	93.302	+0.024%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0219%	1h	93.230	−0.053%	$701K	$933K	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.310	+0.033%	$90K	$360K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.294	+0.016%	$3K	$331	25x	as long as short
Bullet HYPE-USDlong	−0.0043%	1h	93.279	long leg	$111K	$580K	20x
Derive HYPE-PERP	−0.0037%	1h	93.244	−0.037%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.280	+0.001%	$127K	$32K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.392	+0.121%	$1.9M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.313	+0.036%	$23K	$334K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.335	+0.059%	$20K	—	150x	as long as short
Aster HYPEUSDT	+0.0010%	4h	93.279	0.000%	$8.9M	$35.8M	300x	as long as short
Bybit HYPEUSDT	+0.0028%	8h	93.268	−0.012%	$324.9M	$287.3M	75x	as long as short
Popdex HYPEUSDT	+0.0032%	1h	93.284	+0.005%	$57K	$1.2M	50x	as long as short
Gate HYPE_USDT	+0.0034%	4h	93.284	+0.005%	$44.0M	$58.1M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0050%	4h	93.318	+0.042%	$167K	$512K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.279	0.000%	$215K	$1.2M	10x	as long as short
Vest HYPE-PERP	+0.0076%	1h	93.302	+0.024%	—	$454K	5x	as long as short
SoDEX HYPE-USD	+0.0094%	1h	93.297	+0.019%	$2.0M	$2.0M	10x	as long as short
Bluefin HYPE-PERP	+0.0095%	1h	93.287	+0.009%	$76K	$168K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.314	+0.037%	$18.6M	$60.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.305	+0.028%	$3.1M	$12.4M	20x	as long as short
StandX HYPE-USD	+0.0097%	1h	93.283	+0.004%	$674K	$2.5M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.295	+0.017%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.310	+0.033%	$37K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.283	+0.005%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.330	+0.055%	$2.03B	$671.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.308	+0.031%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.284	+0.005%	$384.9M	$889.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.261	−0.019%	$114.7M	$314.7M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.256	−0.025%	$1.2M	$4.1M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.271	−0.008%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.266	−0.014%	$92.7M	$82.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.276	−0.003%	$46.2M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.292	+0.014%	$226.6M	$102.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.272	−0.008%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.299	+0.021%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.211	−0.073%	$29.0M	$50.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.271	−0.008%	$7.5M	$45.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.255	−0.026%	$405K	$1.0M	50x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.334	+0.059%	$493K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.329	+0.054%	$32K	$1.6M	20x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.297	+0.019%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.275	−0.004%	$18.4M	$41.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.313	+0.036%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0105%	4h	93.244	−0.037%	$5.1M	$29.5M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.390	+0.119%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERPshort	+0.0246%	1h	93.297	+0.019%	$78K	$158K	15x
Deribit HYPE_USDC-PERPETUAL	+0.0275%	1h	93.404	+0.134%	$7.4M	$4.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.910	+0.676%	$31K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0298%	4h	93.467	+0.202%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.330	+0.055%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.243	−0.039%	$17.1M	$12.4M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.347	+0.073%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0574%	1h	93.427	+0.159%	$19.6M	$26.8M	50x	as long as short