HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0171%/8h= +18.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.045%

Price spread now: Reya against Lighter RH+0.008%45s7-day average — · you sell dearer than you buy

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

Long on Lighter RH Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · Reya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 45 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	Lighter RH HYPE	95.429	0.0096	pay 0.0012% / 1h	8m 39s	$3.0M	$10.3M	20x
Short	Reya HYPERUSDPERP	95.437	0.0267	get 0.0033% / 1h	8m 39s	$84K	$92K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Lighter RH. 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 Lighter RHbpFee ReyabpOrdersPrice spread, now +0.008%Rate

Funding earned: $35.93
Price spread: +0.008% → 0.000%: $0.84
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $30.76
Costs to cover: 0.060%
Break-even: 1.0 days

Slippage unknown: Lighter RH: live order book, 3 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 Lighter RH live order book, 3 min ago	0.47 bp	1.2 bp −$1	3.9 bp −$39	31.2 bp −$3,121	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 exchanges

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
Kraken Futures PF_HYPEUSD	−0.0280%	1h	95.491	+0.065%	$18.2M	$31.9M	50x	as long as short
Phemex HYPEUSDT	−0.0249%	8h	95.438	+0.009%	$13.0M	$2.2M	50x	as long as short
Bluefin HYPE-PERP	−0.0185%	1h	95.435	+0.006%	$79K	$131K	20x	as long as short
Aster HYPEUSDT	−0.0103%	4h	95.404	−0.026%	$9.8M	$34.4M	300x	as long as short
Orderly PERP_HYPE_USDC	−0.0081%	4h	95.436	+0.007%	$146K	$642K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.137	−0.306%	$3K	$421	25x	as long as short
Aftermath Perps HYPEUSD	−0.0079%	1h	95.429	0.000%	$22K	$17K	10x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0064%	1h	95.380	−0.051%	$4.7M	$5.4M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0057%	1h	95.390	−0.041%	$678K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	−0.0040%	8h	95.381	−0.050%	$119.2M	$304.4M	50x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0038%	4h	95.425	−0.004%	$57.5M	$54.1M	75x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	95.457	+0.029%	$101K	$355K	20x	as long as short
Phoenix HYPE	−0.0017%	1h	95.703	+0.287%	$199K	$1.1M	10x	as long as short
Bitget HYPEUSDT	−0.0016%	4h	95.415	−0.015%	$230.0M	$86.0M	75x	as long as short
Lighter HYPE	0.0000%	1h	95.421	−0.008%	$16.7M	$56.2M	20x	as long as short
Perpl HYPE	0.0000%	43m	95.478	+0.051%	$24K	$247K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	95.488	+0.062%	$67K	—	150x	as long as short
Backpack HYPE_USDC_PERP	+0.0021%	1h	95.430	+0.001%	$6.8M	$12.3M	20x	as long as short
edgeX HYPEUSDC	+0.0034%	4h	95.519	+0.095%	$5.1M	$28.2M	30x	as long as short
MEXC HYPE_USDT	+0.0042%	4h	95.424	−0.005%	$88.9M	$84.7M	100x	as long as short
Binance HYPEUSDT	+0.0043%	4h	95.461	+0.034%	$388.3M	$844.0M	75x	as long as short
KuCoin HYPEUSDTM	+0.0044%	4h	95.445	+0.017%	$47.8M	$17.7M	75x	as long as short
BingX HYPE-USDT	+0.0046%	4h	95.413	−0.017%	—	$50.7M	—	as long as short
Bybit HYPEUSDT	+0.0051%	8h	95.410	−0.020%	$323.7M	$262.8M	75x	as long as short
Derive HYPE-PERP	+0.0063%	1h	95.410	−0.020%	$16.5M	$5.7M	10x	as long as short
Bullet HYPE-USD	+0.0084%	1h	95.465	+0.038%	$113K	$582K	20x	as long as short
dYdX HYPE-USD	+0.0087%	1h	95.505	+0.080%	$129K	$96K	5x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	95.469	+0.042%	$404K	$115K	20x	as long as short
Lighter RH HYPElong	+0.0096%	1h	95.429	long leg	$3.0M	$10.3M	20x
Popdex HYPEUSDT	+0.0096%	1h	95.451	+0.023%	$246K	$1.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	95.401	−0.029%	$340K	$29K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.420	−0.009%	$17K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.435	+0.006%	$5.2M	$49.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.546	+0.123%	$2.12B	$626.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.453	+0.025%	$10.3M	$12.5M	20x	as long as short
Arcus HYPE-USD	+0.0100%	1h	95.463	+0.036%	$1.1M	$2.7M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.627	+0.207%	$230K	$20K	10x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.369	−0.063%	$30.4M	$51.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.374	−0.057%	$7.7M	$41.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.301	−0.134%	$334K	$921K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.389	−0.042%	$694K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	95.486	+0.060%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.437	+0.008%	$485K	$2.3M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.458	+0.030%	$33K	$1.3M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.470	+0.043%	$2.1M	$341K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.547	+0.124%	$1.4M	$5.1M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.409	−0.021%	$18.2M	$35.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0136%	8h	95.426	−0.003%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0138%	1h	95.468	+0.041%	$3.2M	$5.1M	20x	as long as short
BloFin HYPE-USDT	+0.0166%	4h	95.475	+0.048%	$17.7M	$11.5M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0169%	1h	95.548	+0.125%	$7.6M	$4.3M	50x	as long as short
Reya HYPERUSDPERPshort	+0.0267%	1h	95.437	+0.008%	$84K	$92K	15x
Hibachi HYPE/USDT-P	+0.0320%	1h	95.338	−0.096%	$206K	$268K	7x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0327% / S −0.0152%	1h	95.479	+0.053%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.1234%	1h	95.210	−0.229%	$31K	$334K	12x	as long as short