HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0510%/8h= −55.8% APRnext payment −$0.64 per $10,000 · paid last 24h −0.002%

Price spread now: Aftermath Perps against Reya−0.030%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Aftermath Perps

What this pair did over the last

the charts below follow

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 airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Aftermath Perps is 0.030% cheaper against Reya than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya HYPERUSDPERP	93.494	0.0245	pay 0.0031% / 1h	33m 57s	$78K	$158K	15x
Short	Aftermath Perps HYPEUSD	93.465	−0.0265	pay 0.0033% / 1h	33m 57s	$22K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Reya. 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 ReyabpFee Aftermath PerpsbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$107.09
Price spread: −0.030% → 0.000%: −$3.04
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$125.14
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aftermath Perps: 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 Reya no order-book sample	—	—	—	—	—
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Reya and Aftermath Perps: 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	−0.1104%	1h	93.433	−0.065%	$197K	$233K	7x	as long as short
Aftermath Perps HYPEUSDshort	−0.0265%	1h	93.465	−0.030%	$22K	$22K	10x
Ondo Perps HYPE-USD.P	−0.0244%	1h	93.370	−0.132%	$701K	$940K	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.536	+0.045%	$89K	$348K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.510	+0.017%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0028%	1h	93.471	−0.024%	$112K	$583K	20x	as long as short
Derive HYPE-PERP	−0.0003%	1h	93.441	−0.057%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.563	+0.074%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.565	+0.076%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.528	+0.036%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0012%	4h	93.499	+0.006%	$8.9M	$35.8M	300x	as long as short
Gate HYPE_USDT	+0.0028%	4h	93.481	−0.014%	$44.1M	$56.5M	75x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.520	+0.028%	$325.8M	$287.3M	75x	as long as short
Phoenix HYPE	+0.0068%	1h	93.464	−0.032%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0070%	4h	93.501	+0.008%	$180K	$529K	20x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	93.505	+0.012%	$57K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.539	+0.049%	$18.5M	$59.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.515	+0.023%	$3.1M	$12.3M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.540	+0.050%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.470	−0.025%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.503	+0.010%	$6.0M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.565	+0.076%	$2.04B	$668.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.540	+0.050%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.529	+0.038%	$385.7M	$888.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.518	+0.026%	$114.8M	$315.5M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.488	−0.006%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.403	−0.097%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.482	−0.013%	$92.8M	$82.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.499	+0.006%	$46.4M	$18.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.498	+0.005%	$227.1M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.474	−0.021%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.515	+0.023%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.402	−0.098%	$28.9M	$49.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.494	+0.001%	$7.5M	$45.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.482	−0.013%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.503	+0.010%	$676K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.530	+0.039%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.526	+0.035%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.495	+0.001%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.552	+0.062%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.487	−0.007%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.474	−0.021%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.472	−0.023%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.517	+0.025%	$398K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0113%	4h	93.336	−0.168%	$5.1M	$29.5M	30x	as long as short
Kalshi KXHYPEPERP	+0.0119%	8h	93.583	+0.096%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.400	−0.100%	$4.9M	$5.7M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0242%	1h	93.592	+0.105%	$7.4M	$4.6M	50x	as long as short
Reya HYPERUSDPERPlong	+0.0245%	1h	93.494	long leg	$78K	$158K	15x
Injective HYPE/USDC PERP	+0.0285%	1h	93.350	−0.154%	$30K	$231K	12x	as long as short
HTX HYPE-USDT	+0.0335%	4h	93.662	+0.180%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0164%	1h	93.526	+0.035%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.449	−0.048%	$17.1M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.576	+0.088%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0573%	1h	93.581	+0.093%	$19.2M	$25.9M	50x	as long as short