Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

HYPE

All HYPE markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
ReyaHYPERUSDPERP
76.641+0.0100pay 0.0013% / 1h45m 56s$17K$257K15xLong Reya
SHORT
AZversehype_usdt
76.737−0.0076pay 0.0010% / 1h45m 56s$7.5M$688K—Short AZverse
Price gap+0.125%
Funding gap−0.0176% /8h

Funding costs $5 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$2−0.0176% /8h now · paid +0.023% over the last 17 hours (all we have)
Price−$1spread +0.125% now, avg +0.132% → −0.006% if it goes back
Costsno datano order book for Reya and AZverse
Result, before costs+$2+0.02%+ Points / potential airdropReya: points · farm boardcosts unknown: no order book for Reya and AZverse · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.125%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HYPE on 55 exchanges

lowest funding first

Before you open

3 ok · 1 to watch
  • Note: Order book unknown—
    No order-book sample for Reya and AZverse: its slippage is not counted.
  • Note: Margin at max leverage$667 + —
    Reya 15x, AZverse —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$5.28Long Reya: 24 payments, −$3.00; short AZverse: 24 payments, −$2.28.
  • Note: Gap at its usual level+0.125% vs +0.132%
    The price leg adds little either way.
  • Watch: Long leg is thinner$17K vs $7.5M OI
    Reya sets your exit cost. Check its book before closing.
  • OK: Points on a legReya points
    Volume here counts toward the points program.
  • OK: No KYC on either legReya No · AZverse No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0109%/8h × 21 periods+$22.91
Price spread+0.125% → +0.132% (7d avg)−$0.63
Slippage, 4 ordersno data for Reya and AZverse—
Fee Reya bp × 2 orders−$6.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$4.28
Costs to cover0.180%Break-even5.7 days
Slippage: Reya: no order-book sample; AZverse: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGReya—————
SELL · SHORTAZverse—————

Closing costs about the same again.
Reya and AZverse: no data.

Alert

HYPE news

posts that mention HYPE, from every exchangeSearch all news →
10-21 03:47DeriveListingWhy we chose Risk Universes for Derive V3. V3 segments risk into universes: Prime (BTC/ETH), Midcap (HYPE), Altcoin and RWA. Inside each universe, accounts are fully cross-margined. In Midcap, for example, your ETH can be used as collateral to trade HYPE options. Across universes, risk stays in its own lane. Because risk is separated, V3 offers better haircuts and margin, and room to list more assets like RWAs and tail alts. The result: what we believe is the most capital-efficient options risk engine, onchain or off. @DeriveXYZ on X ↗
10-19 15:04BulletToken@hypurrdash tracked 400,000 retail traders on Hyperliquid. Since last November they lost $126M trading through wallet apps, and more than half of it was fees. $HYPE airdrop recipients lost $487M trading perps, and $261M of that was fees. Take a look yourself. Track your fees: @Bulletxyz on X ↗
10-18 04:12HTXToken🔥Futures Hot Coins Points Race #4! Trading Pairs: ZEC/FIL/ADA/NEAR/HYPE Trade More → Earn More Points → Unlock More Rewards : Island Getaways, Hot Airdrops & More. Join Now »»» @HTX_Global on X ↗
10-15 13:32GMXListingnew market HYPE/USD [USDG-USDG] ($HYPE) seen by our collector
10-13 15:13OKXOtherEurope, your next X Drops club is here. near:native, $ZEC, $XRP, $ONDO, $ENA, $SUI, $TAO, $HYPE, $PUMP, $LIT and $ZRO are in, with 38,000 near:native up for grabs. Join the drop. @okx on X ↗
10-13 13:51Ondo PerpsListingNew crypto perps campaign. New users can get up to 75% of fees back on crypto trades. The more volume you trade, the higher your fee rebate: ▸ $10K+ volume → get 10% of fees back ▸ $50K+ → get 25% back ▸ $250K+ → get 50% back ▸ $1M+ → get 75% back Crypto perps included in the campaign: ▸ $BTC ▸ $ETH ▸ $ZEC ▸ $SOL ▸ $ENA ▸ $XRP ▸ $HYPE ▸ $PUMP ▸ $ONDO Running from October 13 at 9AM ET to October 20 at 9AM ET. Limited to users who sign up for Ondo Perps after the campaign starts. Rebates are capped at $500 per user. Trade now → @OndoPerps on X ↗