Funding you earn now, next payment 23:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.039%
Price spread now: GRVT against Reya+0.133%64s7-day average +0.040% · 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)−0.011%−$1 on $10k
+Price spread, last 3 days (all we have)−0.215%−$21 · spread now +0.133%, 7d avg +0.040%
=Together, before fees−0.226%+ Points / potential airdropReya: Active · GRVT: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.093% dearer against Reya than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.040%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 3 days (−0.011% in total) that is about 27 days. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 93.014 | 0.0247 | pay 0.0031% / 1h | 34m 32s | $77K | $158K | 15x |
| Short | GRVT HYPE_USDT_Perp | 93.137 | 0.0100 | get 0.0050% / 4h | 1h 34m | $7.5M | $46.0M | 10x |
Reya HYPERUSDPERP
GRVT HYPE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$30.79
- Price spread: +0.133% → +0.040%
- $9.28
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$36.51
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; GRVT: 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 GRVT live order book, 5 min ago | 0.05 bp | 6.4 bp −$6 | 7.2 bp −$72 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0375% | 1h | 93.139 | +0.135% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0208% | 1h | 93.124 | +0.118% | $197K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.024 | +0.011% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0111% | 1h | 93.070 | +0.061% | $698K | $923K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.137 | +0.133% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.061 | +0.051% | $90K | $362K | 20x | as long as short |
| Popdex HYPEUSDT | −0.0016% | 1h | 93.044 | +0.033% | $57K | $1.2M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.124 | +0.118% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.064 | +0.054% | $23K | $331K | 10x | as long as short |
| Aster HYPEUSDT | +0.0001% | 4h | 93.088 | +0.080% | $8.8M | $36.0M | 300x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Popdex HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
Aster HYPEUSDTShow 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 | 93.175 | +0.173% | $20K | — | 150x | as long as short |
| Bullet HYPE-USD | +0.0024% | 1h | 93.029 | +0.016% | $111K | $579K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0026% | 8h | 93.037 | +0.025% | $322.8M | $286.8M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0031% | 4h | 93.136 | +0.131% | $172K | $520K | 20x | as long as short |
| Derive HYPE-PERP | +0.0031% | 1h | 93.113 | +0.106% | $16.3M | $7.1M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.106 | +0.099% | $214K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0038% | 4h | 93.095 | +0.087% | $43.9M | $58.0M | 75x | as long as short |
| Binance HYPEUSDT | +0.0080% | 4h | 93.074 | +0.065% | $382.4M | $893.5M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0082% | 4h | 93.041 | +0.029% | $89.9M | $81.8M | 100x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.173 | +0.171% | $18.5M | $58.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.138 | +0.134% | $3.1M | $12.1M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0098% | 8h | 93.107 | +0.100% | $338K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.050 | +0.039% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.043 | +0.031% | $5.9M | $44.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.070 | +0.061% | $2.02B | $670.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.117 | +0.111% | $10.0M | $14.3M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.033 | +0.021% | $113.8M | $313.4M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.390 | +0.405% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.126 | +0.121% | $47.2M | $18.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.034 | +0.022% | $225.5M | $102.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.087 | +0.079% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.173 | +0.171% | $7.8M | $11.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.034 | +0.022% | $29.0M | $50.5M | — | as long as short |
| GRVT HYPE_USDT_Perpshort | +0.0100% | 4h | 93.137 | +0.133% | $7.5M | $46.0M | 10x | |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.246 | +0.250% | $412K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.066 | +0.056% | $673K | $2.5M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.064 | +0.054% | $492K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.162 | +0.159% | $75K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.174 | +0.172% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.135 | +0.130% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.160 | +0.157% | $12.7M | $2.6M | 50x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.094 | +0.086% | — | $454K | 5x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.073 | +0.064% | $18.2M | $42.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.134 | +0.129% | $396K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0105% | 8h | 93.240 | +0.243% | $1.9M | $5.3M | 2.3x | as long as short |
| edgeX HYPEUSDC | +0.0110% | 4h | 93.120 | +0.114% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.150 | +0.147% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 92.970 | −0.047% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERPlong | +0.0247% | 1h | 93.014 | long leg | $77K | $158K | 15x | |
| HTX HYPE-USDT | +0.0256% | 4h | 93.300 | +0.308% | $1.5M | $7.7M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.103 | +0.097% | $2.8M | $6.8M | 20x | as long as short |
| BloFin HYPE-USDT | +0.0323% | 4h | 93.167 | +0.165% | $16.9M | $12.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0158% | 1h | 93.168 | +0.166% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0437% | 1h | 93.252 | +0.256% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0466% | 1h | 93.257 | +0.262% | $20.8M | $28.9M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Bullet HYPE-USD
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Derive HYPE-PERP
Phoenix HYPE
Gate HYPE_USDT
Binance HYPEUSDT
MEXC HYPE_USDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Vest HYPE-PERP
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
RISEx HYPE/USDC
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD