Funding you earn now, next payment 00:00 UTC−0.0231%/8h= −25.3% APRpaid last 24h −0.034%
Price spread now: Bybit against Reya+0.032%7-day average −0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.023%−$2 on $10k
+Price spread, last 3 days (all we have)−0.235%−$24 · spread now +0.032%, 7d avg −0.016%
=Together, before fees−0.258%+ Points / potential airdropReya: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.048% dearer against Reya than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.016%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 3 days (−0.023% in total) that is about 6.7 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.023% in total (about -2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 93.978 | 0.0250 | pay 0.0031% / 1h | 4m 02s | $77K | $142K | 15x |
| Short | Bybit HYPEUSDT | 94.008 | 0.0019 | get 0.0019% / 8h | 4m 02s | $323.6M | $284.0M | 75x |
Reya HYPERUSDPERP
Bybit HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$48.53
- Price spread: +0.032% → −0.016%
- $4.79
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$60.74
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 0.53 bp | 6.0 bp −$6 | 8.2 bp −$82 | 17.9 bp −$1,790 | 41.5 bp −$20.7K |
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 | −0.1376% | 1h | 93.764 | −0.227% | $198K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0359% | 1h | 93.910 | −0.072% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.870 | −0.115% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0127% | 1h | 93.930 | −0.051% | $704K | $923K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.976 | −0.002% | $86K | $368K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.932 | −0.049% | $3K | $331 | 25x | as long as short |
| Derive HYPE-PERP | −0.0007% | 1h | 93.931 | −0.050% | $16.4M | $7.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0005% | 4h | 93.996 | +0.019% | $170K | $593K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.987 | +0.010% | $128K | $30K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.985 | +0.008% | $23K | $329K | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Derive 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 −0.0003% | 1h | 94.016 | +0.040% | $27K | — | 150x | as long as short |
| Phoenix HYPE | +0.0009% | 1h | 93.978 | 0.000% | $217K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0014% | 4h | 94.002 | +0.026% | $8.9M | $36.1M | 300x | as long as short |
| Bybit HYPEUSDTshort | +0.0019% | 8h | 94.008 | +0.032% | $323.6M | $284.0M | 75x | |
| Phemex HYPEUSDT | +0.0031% | 8h | 93.972 | −0.006% | $12.8M | $2.6M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0046% | 4h | 94.017 | +0.042% | $88.5M | $82.3M | 100x | as long as short |
| Binance HYPEUSDT | +0.0047% | 4h | 94.019 | +0.044% | $384.3M | $898.4M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0064% | 4h | 93.859 | −0.126% | $5.1M | $29.7M | 30x | as long as short |
| Popdex HYPEUSDT | +0.0064% | 1h | 93.980 | +0.002% | $60K | $1.2M | 50x | as long as short |
| Gate HYPE_USDT | +0.0066% | 4h | 93.999 | +0.023% | $44.2M | $60.0M | 75x | as long as short |
| Bullet HYPE-USD | +0.0083% | 1h | 93.971 | −0.007% | $112K | $578K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0088% | 8h | 94.019 | +0.044% | $116.0M | $323.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.044 | +0.070% | $18.9M | $60.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.016 | +0.041% | $3.1M | $12.3M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.991 | +0.014% | $400K | $318K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.970 | −0.008% | $36K | $1.6M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.014 | +0.038% | $341K | $171K | 20x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.986 | +0.008% | $5.7M | $44.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.098 | +0.128% | $2.05B | $679.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.005 | +0.029% | $10.1M | $14.5M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.889 | −0.095% | $205K | $7K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.005 | +0.029% | $46.5M | $18.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.028 | +0.054% | $227.8M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.008 | +0.032% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.051 | +0.078% | $7.9M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.812 | −0.176% | $31.3M | $54.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.967 | −0.012% | $7.6M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.849 | −0.137% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.908 | −0.074% | $679K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.987 | +0.010% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.010 | +0.034% | $472K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.001 | +0.025% | $76K | $171K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.019 | +0.044% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.992 | +0.015% | $2.0M | $2.0M | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.0104% | 1h | 94.410 | +0.460% | $31K | $338K | 12x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.969 | −0.009% | $18.3M | $42.8M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 94.060 | +0.088% | $4.9M | $5.7M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0155% | 8h | 93.993 | +0.016% | $1.9M | $5.1M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0187% | 4h | 93.859 | −0.126% | $17.0M | $12.5M | 75x | as long as short |
| HTX HYPE-USDT | +0.0193% | 4h | 94.150 | +0.183% | $1.5M | $7.8M | 75x | as long as short |
| Reya HYPERUSDPERPlong | +0.0250% | 1h | 93.978 | long leg | $77K | $142K | 15x | |
| RISEx HYPE/USDC | +0.0284% | 1h | 94.025 | +0.050% | $2.8M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0163% | 1h | 94.015 | +0.040% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0377% | 1h | 94.089 | +0.118% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0577% | 1h | 94.112 | +0.143% | $21.0M | $29.5M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Aster HYPEUSDT
Phemex HYPEUSDT
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Popdex HYPEUSDT
Gate HYPE_USDT
Bullet HYPE-USD
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Katana Perps HYPE-USD
Paradex HYPE-USD-PERP
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Injective HYPE/USDC PERP
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
BloFin HYPE-USDT
HTX HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD