Funding you earn now, next payment 02:00 UTC+0.0335%/8h= +36.6% APRnext payment +$0.42 per $10,000 · paid last 24h +0.080%
Price spread now: Reya against Hotstuff+0.083%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHotstuff: Active · Reya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Reya is 0.083% dearer against Hotstuff than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff HYPE-PERP | 93.826 | −0.0080 | get 0.0010% / 1h | 28m 02s | $3K | $331 | 25x |
| Short | Reya HYPERUSDPERP | 93.904 | 0.0255 | get 0.0032% / 1h | 28m 02s | $80K | $140K | 15x |
Hotstuff HYPE-PERP
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Hotstuff. 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
- $70.25
- Price spread: +0.083% → 0.000%
- $8.28
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $67.53
- Costs to cover
- 0.110%
- Break-even
- 0.3 days
Slippage unknown: Hotstuff: no order-book sample; 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
Hotstuff and 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 54 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 | −0.0912% | 1h | 93.720 | −0.113% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.743 | −0.088% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0147% | 1h | 93.636 | −0.202% | $22K | $21K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0137% | 8h | 93.909 | +0.088% | $12.7M | $2.7M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0088% | 1h | 93.740 | −0.092% | $701K | $958K | 10x | as long as short |
| Hotstuff HYPE-PERPlong | −0.0080% | 1h | 93.826 | long leg | $3K | $331 | 25x | |
| Orderly PERP_HYPE_USDC | −0.0056% | 4h | 93.911 | +0.091% | $157K | $648K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.894 | +0.072% | $85K | $350K | 20x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0045% | 1h | 93.914 | +0.094% | $7.8M | $10.3M | 20x | as long as short |
| Gate HYPE_USDT | −0.0044% | 4h | 93.952 | +0.134% | $44.5M | $54.9M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Backpack HYPE_USDC_PERP
Gate HYPE_USDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0005% | 4h | 93.945 | +0.126% | $8.9M | $35.9M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.868 | +0.045% | $129K | $31K | 5x | as long as short |
| Bybit HYPEUSDT | 0.0000% | 8h | 93.940 | +0.122% | $322.7M | $281.4M | 75x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.926 | +0.106% | $22K | $326K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.956 | +0.139% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0003% | 4h | 93.947 | +0.129% | — | $53.7M | — | as long as short |
| MEXC HYPE_USDT | +0.0058% | 4h | 93.964 | +0.147% | $88.1M | $82.8M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0059% | 4h | 93.654 | −0.183% | $5.1M | $30.1M | 30x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.705 | −0.129% | $211K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0064% | 1h | 93.911 | +0.091% | $112K | $578K | 20x | as long as short |
| Binance HYPEUSDT | +0.0065% | 4h | 93.964 | +0.147% | $382.2M | $895.5M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0068% | 8h | 93.963 | +0.146% | $115.5M | $310.5M | 50x | as long as short |
| Derive HYPE-PERP | +0.0092% | 1h | 93.908 | +0.087% | $16.3M | $7.7M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.901 | +0.079% | $341K | $164K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.972 | +0.156% | $16.4M | $62.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.969 | +0.152% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.877 | +0.054% | $66K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.965 | +0.149% | $400K | $177K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.880 | +0.058% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.828 | +0.003% | $5.7M | $45.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.072 | +0.262% | $2.05B | $671.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.876 | +0.053% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.981 | +0.165% | $46.6M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.965 | +0.148% | $227.3M | $98.6M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.610 | −0.230% | $31.0M | $54.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.468 | −0.382% | $7.5M | $48.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.658 | −0.179% | $338K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.837 | +0.012% | $670K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.902 | +0.081% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.950 | +0.132% | $470K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.929 | +0.110% | $80K | $172K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.933 | +0.114% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.957 | +0.140% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.348 | −0.510% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.940 | +0.121% | $18.3M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 94.010 | +0.196% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.790 | −0.038% | $30K | $339K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.923 | +0.104% | $3.2M | $7.0M | 20x | as long as short |
| HTX HYPE-USDT | +0.0220% | 4h | 94.050 | +0.239% | $1.4M | $5.9M | 75x | as long as short |
| Reya HYPERUSDPERPshort | +0.0255% | 1h | 93.904 | +0.083% | $80K | $140K | 15x | |
| Kalshi KXHYPEPERP | +0.0270% | 8h | 93.922 | +0.102% | $1.9M | $5.1M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.929 | +0.109% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0484% | 1h | 94.058 | +0.247% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0678% | 1h | 94.051 | +0.239% | $21.0M | $29.7M | 50x | as long as short |
Aster HYPEUSDT
dYdX HYPE-USD
Bybit HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
MEXC HYPE_USDT
edgeX HYPEUSDC
Phoenix HYPE
Bullet HYPE-USD
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
RISEx HYPE/USDC
HTX HYPE-USDT
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD