HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0268%/8h= +29.4% APRnext payment +$0.34 per $10,000 · paid last 24h +0.065%

Price spread now: Reya against dYdX−0.001%7-day average −0.015% · you buy dearer than you sell

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

Long on dYdX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.085%+$9 on $10k

Price spread, last 4 days (all we have)+0.225%+$22 · spread now −0.001%, 7d avg −0.015%

Together, before fees+0.310%+ Points / potential airdropReya: Active · farm board+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.085% in total (about 9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 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	dYdX HYPE-USD	93.377	0	get 0.0000% / 1h	36m 31s	$128K	$29K	5x
Short	Reya HYPERUSDPERP	93.376	0.0268	get 0.0034% / 1h	36m 31s	$80K	$131K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against dYdX. 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 dYdXbpFee ReyabpOrdersPrice spread, now −0.001%Rate

Funding earned: $56.37
Price spread: −0.001% → −0.015%: $1.42
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $41.79
Costs to cover: 0.160%
Break-even: 1.8 days

Slippage unknown: dYdX: live order book, 12 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 dYdX live order book, 12 min ago	36.06 bp	41.1 bp −$41	48.2 bp −$482	123.1 bp −$12.3K	1048.6 bp −$524.3K
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	−0.1664%	1h	93.244	−0.142%	$196K	$234K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0370%	1h	93.313	−0.068%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.358	−0.020%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0079%	1h	93.385	+0.009%	$111K	$578K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0022%	4h	93.329	−0.051%	$146K	$663K	20x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.423	+0.050%	$88K	$366K	20x	as long as short
dYdX HYPE-USDlong	0.0000%	1h	93.377	long leg	$128K	$29K	5x
Perpl HYPE	0.0000%	43m	93.433	+0.061%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.370	−0.007%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.355	−0.023%	$1.0M	$4.0M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0016%	4h	93.385	+0.009%	$225.7M	$98.9M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0019%	1h	93.170	−0.221%	$702K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	93.372	−0.005%	$317.3M	$283.8M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.305	−0.077%	$209K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0035%	8h	93.348	−0.031%	$12.6M	$2.7M	50x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	93.126	−0.268%	$4.9M	$30.0M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.416	+0.043%	$340K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.382	+0.005%	$16.1M	$63.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.387	+0.011%	$3.1M	$11.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.383	+0.007%	$76K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.360	−0.018%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.369	−0.008%	$8.0M	$48.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.430	+0.057%	$2.03B	$668.5M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.398	+0.023%	$8.7M	$36.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.409	+0.035%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.399	+0.024%	$374.2M	$913.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.400	+0.025%	$114.5M	$309.6M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.369	−0.008%	$46.6M	$54.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.382	+0.006%	$89.9M	$80.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.366	−0.011%	$46.1M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.368	−0.009%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.380	+0.004%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.140	−0.254%	$28.5M	$56.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.194	−0.195%	$7.5M	$47.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.132	−0.262%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.336	−0.043%	$668K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.425	+0.052%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.406	+0.032%	$484K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.347	−0.032%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.320	−0.060%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.324	−0.056%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.364	−0.013%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.491	+0.123%	$1.4M	$6.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.344	−0.035%	$215K	$15K	10x	as long as short
Kalshi KXHYPEPERP	+0.0103%	8h	93.376	−0.001%	$1.8M	$5.7M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.346	−0.032%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.367	−0.010%	$395K	$161K	20x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.290	−0.093%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.430	+0.057%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERPshort	+0.0268%	1h	93.376	−0.001%	$80K	$131K	15x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.362	−0.016%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.342	−0.037%	$16.9M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0341%	1h	93.422	+0.048%	$20.8M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0457%	1h	93.446	+0.074%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.448	+0.076%	$3.2M	$6.2M	20x	as long as short