HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0262%/8h= −28.6% APRnext payment −$0.33 per $10,000 · paid last 24h −0.062%

Price spread now: gTrade (Gains Network) against Reya+0.021%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.021% dearer against Reya than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya HYPERUSDPERP	93.017	0.0264	pay 0.0033% / 1h	51m 31s	$79K	$131K	15x
Short	gTrade (Gains Network) HYPE/USD	93.036	L +0.0002% / S −0.0002%	get 0.0000% / 1h	51m 31s	$62K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.021%Rate

Funding earned: −$54.94
Price spread: +0.021% → 0.000%: $2.06
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$68.88
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): no order-book sample. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Reya and gTrade (Gains Network): 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	−0.0592%	1h	92.832	−0.198%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0268%	1h	92.881	−0.146%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.985	−0.034%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.022	+0.006%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0062%	4h	92.967	−0.053%	$158K	$659K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.023	+0.007%	$128K	$29K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.064	+0.051%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.022	+0.006%	$22K	$301K	10x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0002%	1h	93.036	+0.021%	$62K	—	150x
Phoenix HYPE	+0.0026%	1h	92.888	−0.138%	$210K	$1.2M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HYPEUSDT	+0.0037%	8h	92.987	−0.032%	$12.6M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.010	−0.007%	$316.4M	$282.3M	75x	as long as short
Gate HYPE_USDT	+0.0048%	4h	93.007	−0.010%	$44.7M	$53.7M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0062%	1h	92.970	−0.050%	$699K	$1.1M	10x	as long as short
01 Exchange HYPEUSD	+0.0064%	1h	93.050	+0.036%	$87K	$362K	20x	as long as short
Bullet HYPE-USD	+0.0079%	1h	93.023	+0.007%	$112K	$578K	20x	as long as short
Bitget HYPEUSDT	+0.0080%	4h	93.010	−0.007%	$225.4M	$99.0M	75x	as long as short
edgeX HYPEUSDC	+0.0086%	4h	92.935	−0.088%	$4.9M	$29.6M	30x	as long as short
Aster HYPEUSDT	+0.0087%	4h	93.042	+0.027%	$8.7M	$36.2M	300x	as long as short
Lighter HYPE	+0.0096%	1h	93.025	+0.009%	$16.1M	$62.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.030	+0.014%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.017	0.000%	$70K	$1.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.042	+0.027%	$340K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.990	−0.029%	$39K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.007	−0.010%	$7.5M	$45.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.056	+0.042%	$2.03B	$664.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.045	+0.030%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.015	−0.002%	$374.1M	$904.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.019	+0.003%	$114.1M	$305.0M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.942	−0.080%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.012	−0.005%	$87.9M	$79.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.026	+0.010%	$46.2M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.010	−0.007%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.012	−0.005%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.709	−0.331%	$28.4M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.015	−0.002%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.928	−0.095%	$351K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.011	−0.006%	$668K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.055	+0.041%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.053	+0.039%	$469K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.010	−0.007%	$79K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.000	−0.018%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.003	−0.015%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.010	−0.007%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.998	−0.020%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.013	−0.004%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.060	+0.047%	$4.7M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0158%	4h	93.145	+0.138%	$1.4M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	93.079	+0.067%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	92.750	−0.287%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERPlong	+0.0264%	1h	93.017	long leg	$79K	$131K	15x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	93.029	+0.014%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.994	−0.024%	$16.8M	$11.7M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0449%	1h	93.108	+0.098%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.081	+0.069%	$3.2M	$6.4M	20x	as long as short