Funding you earn now, next payment 03:00 UTC+0.0226%/8h= +24.7% APRpaid last 24h +0.050%
Price spread now: Reya against Bybit−0.015%7-day average +0.015% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.595%+$59 · spread now −0.015%, 7d avg +0.015%
=Together, before fees+0.625%+ Points / potential airdropReya: Active · farm board+$63 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.029% cheaper against Bybit than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.015%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.031% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.031% in total (about 3.4% a year). A funding rate is set anew for every payment. 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 | Bybit HYPEUSDT | 93.270 | 0.0032 | pay 0.0032% / 8h | 5h 38m | $321.1M | $277.1M | 75x |
| Short | Reya HYPERUSDPERP | 93.256 | 0.0257 | get 0.0032% / 1h | 38m 27s | $79K | $140K | 15x |
Bybit HYPEUSDT
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $47.45
- Price spread: −0.015% → +0.015%
- −$2.92
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $27.53
- Costs to cover
- 0.170%
- Break-even
- 2.9 days
Slippage unknown: Bybit: 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 Bybit live order book, 6 min ago | 0.54 bp | 7.1 bp −$7 | 8.6 bp −$86 | 15.8 bp −$1,580 | 52.3 bp −$26.1K |
| 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 | −0.1272% | 1h | 93.214 | −0.060% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.216 | −0.058% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0086% | 1h | 93.170 | −0.107% | $700K | $980K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.335 | +0.070% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0059% | 8h | 93.302 | +0.034% | $12.6M | $2.7M | 50x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.272 | +0.002% | $85K | $345K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0047% | 1h | 93.391 | +0.130% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0046% | 4h | 93.258 | −0.013% | $155K | $633K | 20x | as long as short |
| Bullet HYPE-USD | −0.0005% | 1h | 93.259 | −0.012% | $111K | $577K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.361 | +0.097% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Phemex HYPEUSDT
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.352 | +0.088% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.306 | +0.038% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0017% | 4h | 93.289 | +0.021% | $8.8M | $35.5M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.398 | +0.137% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0026% | 4h | 93.274 | +0.004% | — | $53.0M | — | as long as short |
| Bybit HYPEUSDTlong | +0.0032% | 8h | 93.270 | long leg | $321.1M | $277.1M | 75x | |
| Gate HYPE_USDT | +0.0050% | 4h | 93.307 | +0.040% | $44.5M | $54.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0077% | 8h | 93.279 | +0.010% | $114.1M | $301.8M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.363 | +0.100% | $16.3M | $61.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.360 | +0.096% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.300 | +0.032% | $69K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.276 | +0.006% | $89.7M | $80.7M | 100x | as long as short |
| Binance HYPEUSDT | +0.0097% | 4h | 93.281 | +0.012% | $378.6M | $876.6M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.367 | +0.104% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.300 | +0.032% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.352 | +0.087% | $5.8M | $43.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.390 | +0.129% | $2.04B | $653.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.366 | +0.103% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.332% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.307 | +0.040% | $45.9M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.284 | +0.015% | $225.6M | $96.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.270 | 0.000% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.317 | +0.050% | $31.1M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.553 | +0.303% | $7.6M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.487 | +0.233% | $340K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.323 | +0.057% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.334 | +0.068% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.312 | +0.045% | $471K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.251 | +1.052% | $80K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.270 | 0.000% | $16.2M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.358 | +0.094% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.261 | −0.010% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.253 | −0.018% | $18.4M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.268 | −0.002% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.349 | +0.085% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.350 | +0.086% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0197% | 4h | 93.450 | +0.193% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERPshort | +0.0257% | 1h | 93.256 | −0.015% | $79K | $140K | 15x | |
| Kalshi KXHYPEPERP | +0.0278% | 8h | 93.362 | +0.099% | $1.9M | $5.1M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0318% | 1h | 93.368 | +0.105% | $7.4M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.303 | +0.036% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0337% | 4h | 93.271 | +0.001% | $16.9M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.414 | +0.154% | $3.2M | $6.4M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.220 | −0.054% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0686% | 1h | 93.323 | +0.057% | $20.7M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Binance HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD