Funding you earn now, next payment 12:00 UTC+0.0507%/8h= +55.5% APRnext payment +$0.63 per $10,000 · paid last 24h +0.088%
Price spread now: Reya against Ondo Perps+0.014%7-day average +0.069% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.098%+$10 on $10k
+Price spread, last 4 days (all we have)+0.597%+$60 · spread now +0.014%, 7d avg +0.069%
=Together, before fees+0.696%+ Points / potential airdropOndo Perps: Active · Reya: Active · farm board+$70 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.055% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.069%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$15 a day). At the pace of the last 4 days (+0.098% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.098% in total (about 9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.63 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps HYPE-USD.P | 94.840 | −0.0239 | get 0.0030% / 1h | 52m 05s | $678K | $1.3M | 10x |
| Short | Reya HYPERUSDPERP | 94.854 | 0.0268 | get 0.0034% / 1h | 52m 05s | $85K | $90K | 15x |
Ondo Perps HYPE-USD.P
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Ondo Perps. 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
- $106.53
- Price spread: +0.014% → +0.069%
- −$5.52
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $90.01
- Costs to cover
- 0.110%
- Break-even
- 1.1 days
Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
Ondo Perps 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 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 | −0.0282% | 1h | 94.895 | +0.058% | $18.3M | $32.7M | 50x | as long as short |
| Phemex HYPEUSDT | −0.0269% | 8h | 94.928 | +0.093% | $13.0M | $2.3M | 50x | as long as short |
| Ondo Perps HYPE-USD.Plong | −0.0239% | 1h | 94.840 | long leg | $678K | $1.3M | 10x | |
| Bluefin HYPE-PERP | −0.0204% | 1h | 94.829 | −0.012% | $78K | $130K | 20x | as long as short |
| Aster HYPEUSDT | −0.0098% | 4h | 94.811 | −0.030% | $9.1M | $34.3M | 300x | as long as short |
| Lighter HYPE | −0.0096% | 1h | 94.868 | +0.029% | $16.6M | $55.2M | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 94.886 | +0.049% | $102K | $349K | 20x | as long as short |
| Gate HYPE_USDT | −0.0084% | 4h | 94.830 | −0.011% | $55.8M | $52.5M | 75x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.948 | +0.114% | $3K | $421 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0072% | 4h | 94.831 | −0.009% | $147K | $642K | 20x | as long as short |
Kraken Futures PF_HYPEUSD
Phemex HYPEUSDT
Bluefin HYPE-PERP
Aster HYPEUSDT
Lighter HYPE
01 Exchange HYPEUSD
Gate HYPE_USDT
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDCShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International HYPE-PERP-INTX | −0.0064% | 1h | 94.980 | +0.148% | $4.7M | $5.4M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0053% | 1h | 95.079 | +0.252% | $22K | $17K | 10x | as long as short |
| Bullet HYPE-USD | −0.0044% | 1h | 94.894 | +0.057% | $113K | $585K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | −0.0042% | 8h | 94.779 | −0.064% | $118.8M | $301.8M | 50x | as long as short |
| Bitget HYPEUSDT | −0.0028% | 4h | 94.833 | −0.007% | $229.6M | $85.7M | 75x | as long as short |
| Phoenix HYPE | −0.0017% | 1h | 94.936 | +0.101% | $198K | $1.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | −0.0010% | 1h | 95.003 | +0.172% | $323K | $925K | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.978 | +0.145% | $128K | $96K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.922 | +0.086% | $23K | $248K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 94.910 | +0.074% | $99K | — | 150x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0024% | 1h | 94.946 | +0.112% | $7.5M | $4.2M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0025% | 4h | 94.997 | +0.166% | $5.0M | $27.9M | 30x | as long as short |
| Bybit HYPEUSDT | +0.0026% | 8h | 94.800 | −0.042% | $320.2M | $261.9M | 75x | as long as short |
| Derive HYPE-PERP | +0.0033% | 1h | 94.804 | −0.038% | $16.4M | $7.0M | 10x | as long as short |
| Binance HYPEUSDT | +0.0034% | 4h | 94.796 | −0.046% | $382.2M | $848.0M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0034% | 4h | 94.867 | +0.028% | $90.0M | $82.2M | 100x | as long as short |
| Popdex HYPEUSDT | +0.0040% | 1h | 94.892 | +0.055% | $274K | $998K | 50x | as long as short |
| BingX HYPE-USDT | +0.0042% | 4h | 94.827 | −0.014% | — | $49.5M | — | as long as short |
| SoDEX HYPE-USD | +0.0065% | 1h | 94.861 | +0.022% | $2.1M | $335K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0068% | 1h | 94.802 | −0.040% | $6.8M | $12.3M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0088% | 4h | 94.857 | +0.018% | $47.5M | $17.7M | 75x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 94.827 | −0.014% | $401K | $125K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0092% | 8h | 94.924 | +0.088% | $339K | $30K | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.880 | +0.042% | $3.2M | $9.8M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 94.900 | +0.063% | $40K | $1.5M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.915 | +0.079% | $7.2M | $50.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.943 | +0.109% | $2.10B | $639.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.940 | +0.106% | $10.2M | $12.9M | 20x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 94.911 | +0.075% | $1.1M | $2.7M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 95.036 | +0.207% | $228K | $20K | 10x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 95.030 | +0.200% | $29.7M | $52.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 95.002 | +0.171% | $7.7M | $41.1M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.901 | +0.064% | $690K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.963 | +0.129% | — | $80K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.911 | +0.075% | $497K | $2.4M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.916 | +0.080% | $32K | $1.4M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 95.015 | +0.185% | $1.4M | $5.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.833 | −0.008% | $18.2M | $37.4M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0119% | 8h | 94.996 | +0.164% | $1.8M | $5.1M | 2.3x | as long as short |
| RISEx HYPE/USDC | +0.0138% | 1h | 94.957 | +0.124% | $3.1M | $5.2M | 20x | as long as short |
| BloFin HYPE-USDT | +0.0143% | 4h | 94.953 | +0.119% | $17.5M | $11.6M | 75x | as long as short |
| Reya HYPERUSDPERPshort | +0.0268% | 1h | 94.854 | +0.014% | $85K | $90K | 15x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0155% | 1h | 94.923 | +0.088% | $1.4M | — | 100x | as long as short |
| Hibachi HYPE/USDT-P | +0.1016% | 1h | 94.967 | +0.134% | $214K | $277K | 7x | as long as short |
| Injective HYPE/USDC PERP | +0.1234% | 1h | 95.420 | +0.612% | $31K | $334K | 12x | as long as short |
Coinbase International HYPE-PERP-INTX
Aftermath Perps HYPEUSD
Bullet HYPE-USD
OKX HYPE-USDT-SWAP
Bitget HYPEUSDT
Phoenix HYPE
ApeX Omni HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Deribit HYPE_USDC-PERPETUAL
edgeX HYPEUSDC
Bybit HYPEUSDT
Derive HYPE-PERP
Binance HYPEUSDT
MEXC HYPE_USDT
Popdex HYPEUSDT
BingX HYPE-USDT
SoDEX HYPE-USD
Backpack HYPE_USDC_PERP
KuCoin HYPEUSDTM
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Arcus HYPE-USD
Bulk HYPE-USD
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Extended HYPE-USD
Kalshi KXHYPEPERP
RISEx HYPE/USDC
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Hibachi HYPE/USDT-P
Injective HYPE/USDC PERP