Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.001%
Price spread now: Reya against Kraken Futures−0.087%48s7-day average −0.065% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.087%, 7d avg −0.065%
=Together, before fees−0.011%+ Points / potential airdropReya: Active · farm board−$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.065%). If the spread goes back, that is −$2 on $10k: about 37 hours of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour. The two prices were read 48 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 | Kraken Futures PF_HYPEUSD | 94.094 | 0.0224 | pay 0.0028% / 1h | 22m 34s | $20.2M | $30.2M | 50x |
| Short | Reya HYPERUSDPERP | 94.011 | 0.0272 | get 0.0034% / 1h | 22m 34s | $84K | $123K | 15x |
Kraken Futures PF_HYPEUSD
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Kraken Futures. 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
- $10.14
- Price spread: −0.087% → −0.065%
- −$2.26
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$8.12
- Costs to cover
- 0.160%
- Break-even
- 12.6 days
Slippage unknown: Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago | 0.05 bp | 5.6 bp −$6 | 8.7 bp −$87 | 13.8 bp −$1,383 | 60.1 bp −$30.1K |
| 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 | −0.1728% | 1h | 93.996 | −0.104% | $201K | $255K | 7x | as long as short |
| Bluefin HYPE-PERP | −0.0414% | 1h | 94.000 | −0.099% | $80K | $151K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0235% | 1h | 93.910 | −0.195% | $711K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | −0.0234% | 1h | 94.017 | −0.081% | $111K | $577K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0133% | 1h | 94.178 | +0.089% | $22K | $20K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0120% | 1h | 94.055 | −0.041% | $87K | $368K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.046 | −0.051% | $3K | $331 | 25x | as long as short |
| Derive HYPE-PERP | −0.0074% | 1h | 93.982 | −0.119% | $16.4M | $7.5M | 10x | as long as short |
| Lighter HYPE | −0.0048% | 1h | 94.075 | −0.020% | $16.3M | $64.4M | 20x | as long as short |
| Arcus HYPE-USD | −0.0045% | 1h | 94.030 | −0.068% | $1.0M | $3.6M | 10x | as long as short |
Hibachi HYPE/USDT-P
Bluefin HYPE-PERP
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Derive HYPE-PERP
Lighter HYPE
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX HYPE-USDT | −0.0020% | 4h | 94.060 | −0.036% | — | $52.9M | — | as long as short |
| Bybit HYPEUSDT | −0.0019% | 8h | 94.035 | −0.062% | $316.1M | $289.2M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0009% | 4h | 93.986 | −0.114% | $146K | $684K | 20x | as long as short |
| Polymarket Perps HYPE-USD | −0.0006% | 1h | 94.064 | −0.031% | $496K | $2.8M | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.136 | +0.045% | $129K | $94K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 94.094 | 0.000% | $1.8M | $5.6M | 2.3x | as long as short |
| Phoenix HYPE | 0.0000% | 1h | 94.232 | +0.147% | $209K | $1.1M | 10x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.049 | −0.047% | $19K | $288K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S 0.0000% | 1h | 94.070 | −0.025% | $123K | — | 150x | as long as short |
| Paradex HYPE-USD-PERP | +0.0031% | 8h | 94.104 | +0.011% | $336K | $154K | 20x | as long as short |
| Bitget HYPEUSDT | +0.0032% | 4h | 94.031 | −0.066% | $225.8M | $100.0M | 75x | as long as short |
| SoDEX HYPE-USD | +0.0038% | 1h | 94.037 | −0.060% | $2.0M | $1.9M | 10x | as long as short |
| Vest HYPE-PERP | +0.0040% | 1h | 94.105 | +0.012% | — | $190K | 5x | as long as short |
| Phemex HYPEUSDT | +0.0052% | 8h | 94.044 | −0.053% | $12.8M | $2.9M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0064% | 1h | 93.960 | −0.142% | $4.7M | $6.2M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0067% | 8h | 94.026 | −0.072% | $117.2M | $323.1M | 50x | as long as short |
| Gate HYPE_USDT | +0.0090% | 4h | 94.036 | −0.061% | $49.9M | $56.7M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0090% | 4h | 94.094 | 0.000% | $5.0M | $30.7M | 30x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.098 | +0.005% | $3.2M | $10.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.035 | −0.062% | $81K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.030 | −0.068% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.035 | −0.062% | $7.2M | $53.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.147 | +0.057% | $2.07B | $687.5M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.044 | −0.053% | $8.8M | $37.2M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.112 | +0.019% | $10.1M | $15.1M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.064 | −0.031% | $376.7M | $933.1M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.240 | +0.156% | $218K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.073 | −0.022% | $88.1M | $83.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.106 | +0.013% | $46.7M | $18.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.046 | −0.051% | $7.5M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.108 | +0.015% | $29.5M | $54.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.122 | +0.030% | $7.6M | $45.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.083 | −0.011% | $369K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.060 | −0.036% | $680K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.098 | +0.005% | $32K | $1.6M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.180 | +0.092% | $1.4M | $6.8M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.009 | −0.090% | $18.3M | $43.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.019 | −0.079% | $397K | $154K | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0150% / S +0.0022% | 1h | 94.096 | +0.003% | $1.4M | — | 100x | as long as short |
| Injective HYPE/USDC PERP | +0.0185% | 1h | 94.740 | +0.687% | $31K | $340K | 12x | as long as short |
| Kraken Futures PF_HYPEUSDlong | +0.0224% | 1h | 94.094 | long leg | $20.2M | $30.2M | 50x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0228% | 1h | 94.129 | +0.038% | $7.4M | $4.3M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0249% | 1h | 94.064 | −0.031% | $3.2M | $6.4M | 20x | as long as short |
| Reya HYPERUSDPERPshort | +0.0272% | 1h | 94.011 | −0.087% | $84K | $123K | 15x | |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.044 | −0.053% | $17.1M | $12.3M | 75x | as long as short |
BingX HYPE-USDT
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Polymarket Perps HYPE-USD
dYdX HYPE-USD
Kalshi KXHYPEPERP
Phoenix HYPE
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Paradex HYPE-USD-PERP
Bitget HYPEUSDT
SoDEX HYPE-USD
Vest HYPE-PERP
Phemex HYPEUSDT
Coinbase International HYPE-PERP-INTX
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
edgeX HYPEUSDC
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
GMX HYPE/USD [WBTC.b-USDC]
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
BloFin HYPE-USDT