Funding you earn now, next payment 05:00 UTC−0.0126%/8h= −13.8% APRnext payment −$0.16 per $10,000 · paid last 24h −0.038%
Price spread now: Coinbase International against Reya+0.147%7-day average +0.002% · 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)−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.147%, 7d avg +0.002%
=Together, before fees−0.294%+ Points / potential airdropReya: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.146% dearer against Reya than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of +0.002%): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 94.041 | 0.0270 | pay 0.0034% / 1h | 18m 13s | $80K | $127K | 15x |
| Short | Coinbase International HYPE-PERP-INTX | 94.180 | 0.0144 | get 0.0018% / 1h | 18m 13s | $4.7M | $5.9M | 50x |
Reya HYPERUSDPERP
Coinbase International HYPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$26.37
- Price spread: +0.147% → +0.002%
- $14.58
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$27.79
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago | 3.19 bp | 8.7 bp −$9 | 14.8 bp −$148 | 37.5 bp −$3,748 | 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 | −0.1376% | 1h | 93.862 | −0.191% | $199K | $239K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0415% | 1h | 93.610 | −0.459% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.007 | −0.037% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0035% | 1h | 94.114 | +0.077% | $112K | $580K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0018% | 4h | 94.120 | +0.084% | $147K | $674K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.993 | −0.052% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 94.049 | +0.008% | $88K | $365K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.054 | +0.013% | $23K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 94.160 | +0.126% | $63K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.989 | −0.056% | $1.0M | $3.9M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0016% | 4h | 94.145 | +0.110% | $227.2M | $99.1M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0020% | 8h | 94.052 | +0.011% | $319.1M | $283.6M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0025% | 8h | 94.054 | +0.013% | $12.8M | $2.8M | 50x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.624 | −0.444% | $208K | $1.2M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0049% | 1h | 93.930 | −0.118% | $704K | $1.2M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0094% | 4h | 93.626 | −0.442% | $5.0M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 94.061 | +0.021% | $342K | $158K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.155 | +0.121% | $16.3M | $63.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.130 | +0.094% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.023 | −0.019% | $71K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.020 | −0.023% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.007 | −0.037% | $7.8M | $48.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.110 | +0.073% | $2.06B | $672.8M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.128 | +0.092% | $8.8M | $36.5M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.058 | +0.018% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.118 | +0.082% | $377.9M | $917.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.060 | +0.020% | $116.3M | $314.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.358 | −0.727% | $216K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.108 | +0.071% | $47.4M | $54.6M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.086 | +0.047% | $90.6M | $81.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.016 | −0.027% | $46.5M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.134 | +0.099% | — | $53.5M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.021 | −0.022% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.699 | −0.364% | $28.6M | $56.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.275 | −0.815% | $7.5M | $47.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.227 | −0.866% | $342K | $997K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.924 | −0.125% | $672K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.082 | +0.043% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.046 | +0.005% | $482K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.159 | +0.125% | $80K | $165K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 94.129 | +0.094% | $16.2M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.208 | +0.177% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.143 | +0.108% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.250 | +0.222% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.127 | +0.092% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.160 | +0.127% | $398K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0119% | 8h | 94.134 | +0.099% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 94.080 | +0.041% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTXshort | +0.0144% | 1h | 94.180 | +0.147% | $4.7M | $5.9M | 50x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0217% | 1h | 94.228 | +0.198% | $7.5M | $4.1M | 50x | as long as short |
| Reya HYPERUSDPERPlong | +0.0270% | 1h | 94.041 | long leg | $80K | $127K | 15x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 94.127 | +0.091% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0338% | 1h | 94.230 | +0.201% | $21.1M | $29.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.930 | −0.118% | $16.9M | $12.0M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 94.085 | +0.046% | $3.2M | $6.3M | 20x | as long as short |
Bitget HYPEUSDT
Bybit HYPEUSDT
Phemex HYPEUSDT
Phoenix HYPE
Ondo Perps HYPE-USD.P
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
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
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC