Funding you earn now, next payment 09:00 UTC−0.0171%/8h= −18.7% APRnext payment −$0.21 per $10,000 · paid last 24h −0.040%
Price spread now: Bulk against Reya−0.598%7-day average +0.053% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)+0.267%+$27 · spread now −0.598%, 7d avg +0.053%
=Together, before fees+0.255%+ Points / potential airdropReya: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bulk is 0.650% cheaper against Reya than usual: you would sell low and buy high (−$65 if the spread goes back to its 7-day average of +0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 94.780 | 0.0271 | pay 0.0034% / 1h | 22m 52s | $83K | $106K | 15x |
| Short | Bulk HYPE-USD | 94.213 | 0.0100 | get 0.0013% / 1h | 22m 52s | $219K | $14K | 10x |
Reya HYPERUSDPERP
Bulk HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$35.94
- Price spread: −0.598% → +0.053%
- −$65.04
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$113.98
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Bulk: live order book, 11 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 Bulk live order book, 11 min ago | 0.53 bp | 4.0 bp −$4 | 6.8 bp −$68 | 14.9 bp −$1,491 | 46.1 bp −$23.1K |
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 | −0.0816% | 1h | 94.533 | −0.260% | $210K | $267K | 7x | as long as short |
| Bluefin HYPE-PERP | −0.0569% | 1h | 94.823 | +0.045% | $80K | $148K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0298% | 1h | 94.505 | −0.290% | $22K | $20K | 10x | as long as short |
| Bullet HYPE-USD | −0.0249% | 1h | 94.811 | +0.033% | $113K | $577K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0215% | 8h | 94.810 | +0.032% | $12.9M | $2.9M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0165% | 1h | 94.570 | −0.221% | $702K | $1.3M | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0120% | 1h | 94.768 | −0.013% | $90K | $365K | 20x | as long as short |
| Arcus HYPE-USD | −0.0112% | 1h | 94.729 | −0.054% | $1.0M | $3.3M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.664 | −0.122% | $3K | $331 | 25x | as long as short |
| Kraken Futures PF_HYPEUSD | −0.0047% | 1h | 94.848 | +0.072% | $18.9M | $35.5M | 50x | as long as short |
Hibachi HYPE/USDT-P
Bluefin HYPE-PERP
Aftermath Perps HYPEUSD
Bullet HYPE-USD
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Kraken Futures PF_HYPEUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPE_USDT | −0.0020% | 4h | 94.812 | +0.034% | $51.9M | $55.5M | 75x | as long as short |
| Bybit HYPEUSDT | −0.0015% | 8h | 94.870 | +0.095% | $319.9M | $293.2M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0007% | 4h | 94.840 | +0.063% | $147K | $676K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.465 | −0.332% | $130K | $92K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 94.773 | −0.007% | $1.8M | $5.6M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.852 | +0.076% | $19K | $275K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S 0.0000% | 1h | 94.860 | +0.085% | $114K | — | 150x | as long as short |
| Phoenix HYPE | +0.0008% | 1h | 94.372 | −0.430% | $209K | $1.2M | 10x | as long as short |
| Derive HYPE-PERP | +0.0010% | 1h | 94.160 | −0.654% | $16.3M | $7.5M | 10x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0016% | 1h | 94.880 | +0.106% | $4.7M | $5.9M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0032% | 4h | 94.874 | +0.099% | $228.2M | $97.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0038% | 1h | 94.819 | +0.041% | $7.6M | $10.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0041% | 1h | 94.794 | +0.015% | — | $190K | 5x | as long as short |
| Paradex HYPE-USD-PERP | +0.0041% | 8h | 94.773 | −0.007% | $339K | $39K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0042% | 8h | 94.881 | +0.107% | $118.3M | $328.3M | 50x | as long as short |
| SoDEX HYPE-USD | +0.0056% | 1h | 94.864 | +0.089% | $2.1M | $2.0M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.858 | +0.082% | $16.3M | $63.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.857 | +0.081% | $3.2M | $10.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.752 | −0.029% | $150K | $1.2M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0097% | 4h | 94.374 | −0.428% | $5.0M | $30.8M | 30x | as long as short |
| Aster HYPEUSDT | +0.0099% | 4h | 94.813 | +0.035% | $9.0M | $38.4M | 300x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.720 | −0.063% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.775 | −0.005% | $7.3M | $51.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.961 | +0.192% | $2.09B | $671.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.770 | −0.011% | $10.2M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.865 | +0.090% | $381.6M | $930.8M | 75x | as long as short |
| Bulk HYPE-USDshort | +0.0100% | 1h | 94.213 | −0.598% | $219K | $14K | 10x | |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.833 | +0.056% | $96.0M | $87.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.809 | +0.031% | $47.3M | $19.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.817 | +0.039% | — | $52.6M | — | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.267 | −0.542% | $29.8M | $56.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.416 | −0.384% | $7.6M | $44.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.358 | −0.445% | $344K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.612 | −0.177% | $691K | $2.7M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.834 | +0.057% | $500K | $2.7M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.906 | +0.133% | $33K | $1.6M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.950 | +0.179% | $1.4M | $6.9M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.792 | +0.013% | $18.3M | $43.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.892 | +0.119% | $401K | $148K | 20x | as long as short |
| RISEx HYPE/USDC | +0.0133% | 1h | 94.783 | +0.003% | $3.2M | $6.4M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0153% | 1h | 95.170 | +0.412% | $31K | $340K | 12x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0224% | 1h | 94.965 | +0.195% | $7.5M | $4.4M | 50x | as long as short |
| Reya HYPERUSDPERPlong | +0.0271% | 1h | 94.780 | long leg | $83K | $106K | 15x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 94.895 | +0.121% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.864 | +0.089% | $17.4M | $12.5M | 75x | as long as short |
Gate HYPE_USDT
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Derive HYPE-PERP
Coinbase International HYPE-PERP-INTX
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Vest HYPE-PERP
Paradex HYPE-USD-PERP
OKX HYPE-USDT-SWAP
SoDEX HYPE-USD
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
edgeX HYPEUSDC
Aster HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT