Funding you earn now, next payment 07:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h +0.021%
Price spread now: BloFin against Reya−0.028%7-day average +0.030% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.231%+$23 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.028%, 7d avg +0.030%
=Together, before fees+0.236%+ Points / potential airdropReya: Active · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.058% cheaper against Reya than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.030%). If the spread goes back, that is −$6 on $10k: about 2.8 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.231% in total) that is about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 93.461 | 0.0271 | pay 0.0034% / 1h | 32m 59s | $77K | $129K | 15x |
| Short | BloFin HYPE-USDT | 93.435 | 0.0340 | get 0.0170% / 4h | 1h 32m | $16.9M | $12.2M | 75x |
Reya HYPERUSDPERP
BloFin HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Reya. 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
- $14.43
- Price spread: −0.028% → +0.030%
- −$5.79
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$9.36
- Costs to cover
- 0.180%
- Break-even
- 11.5 days
Slippage unknown: Reya: no order-book sample; BloFin: live order book, 6 min ago. 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 BloFin live order book, 6 min ago | 0.64 bp | 7.0 bp −$7 | 7.9 bp −$79 | 10.4 bp −$1,035 | doesn't fit |
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 | −0.1024% | 1h | 93.380 | −0.087% | $198K | $240K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0186% | 1h | 93.496 | +0.038% | $22K | $21K | 10x | as long as short |
| Bullet HYPE-USD | −0.0089% | 1h | 93.435 | −0.027% | $111K | $579K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0081% | 1h | 93.330 | −0.140% | $703K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.362 | −0.106% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.549 | +0.094% | $86K | $369K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0028% | 1h | 93.432 | −0.031% | $79K | $156K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0021% | 4h | 93.433 | −0.030% | $145K | $685K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.436 | −0.027% | $128K | $28K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.478 | +0.018% | $20K | $290K | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.480 | +0.020% | $83K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0002% | 4h | 93.466 | +0.005% | — | $53.5M | — | as long as short |
| Bybit HYPEUSDT | +0.0002% | 8h | 93.424 | −0.040% | $315.2M | $287.9M | 75x | as long as short |
| Derive HYPE-PERP | +0.0007% | 1h | 93.302 | −0.170% | $16.2M | $7.5M | 10x | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.482 | +0.022% | $209K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0042% | 4h | 93.472 | +0.012% | $225.2M | $99.8M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0076% | 8h | 93.517 | +0.060% | $334K | $161K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0080% | 4h | 93.460 | −0.001% | $5.0M | $30.6M | 30x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.474 | +0.014% | $1.0M | $4.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0088% | 8h | 93.478 | +0.018% | $12.8M | $2.8M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.464 | +0.003% | $16.1M | $64.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.483 | +0.023% | $3.1M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.513 | +0.056% | $79K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.500 | +0.042% | $21K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.418 | −0.047% | $7.5M | $50.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.529 | +0.073% | $2.04B | $681.6M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.458 | −0.003% | $8.8M | $37.1M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.485 | +0.026% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.462 | +0.001% | $374.0M | $929.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.440 | −0.023% | $115.3M | $314.9M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.455 | −0.006% | $48.5M | $55.3M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.477 | +0.017% | $90.5M | $84.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.441 | −0.021% | $46.3M | $18.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.469 | +0.009% | $7.2M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.339 | −0.131% | $28.7M | $56.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.507 | +0.049% | $7.5M | $48.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.469 | +0.009% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.415 | −0.049% | $677K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.526 | +0.070% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.508 | +0.050% | $469K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.584 | +0.132% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.435 | −0.028% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.600 | +0.149% | $1.4M | $6.7M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.507 | +0.049% | $216K | $15K | 10x | as long as short |
| Kalshi KXHYPEPERP | +0.0103% | 8h | 93.620 | +0.170% | $1.8M | $5.6M | 2.3x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.431 | −0.032% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.453 | −0.009% | $395K | $159K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.490 | +0.031% | $4.7M | $6.1M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0152% / S +0.0022% | 1h | 93.385 | −0.082% | $1.4M | — | 100x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.410 | +1.015% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERPlong | +0.0271% | 1h | 93.461 | long leg | $77K | $129K | 15x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0306% | 1h | 93.532 | +0.076% | $7.4M | $4.2M | 50x | as long as short |
| BloFin HYPE-USDTshort | +0.0340% | 4h | 93.435 | −0.028% | $16.9M | $12.2M | 75x | |
| Kraken Futures PF_HYPEUSD | +0.0416% | 1h | 93.524 | +0.068% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.547 | +0.092% | $3.2M | $6.4M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
Bitget HYPEUSDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Arcus HYPE-USD
Phemex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Kalshi KXHYPEPERP
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
GMX HYPE/USD [WBTC.b-USDC]
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC