HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0583%/8h= −63.9% APRnext payment −$0.73 per $10,000 · paid last 24h −0.248%

Price spread now: Hibachi against Reya+0.057%7-day average −0.055% · you sell dearer than you buy

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

Long on Reya Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.999%−$100 on $10k

Price spread, last 3 days (all we have)−0.104%−$10 · spread now +0.057%, 7d avg −0.055%

Together, before fees−1.103%+ Points / potential airdropReya: Active · Hibachi: Active · farm board−$110 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hibachi is 0.113% dearer against Reya than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of −0.055%): +$11 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya HYPERUSDPERP	93.215	0.0247	pay 0.0031% / 1h	16m 05s	$77K	$159K	15x
Short	Hibachi HYPE/USDT-P	93.268	−0.0336	pay 0.0042% / 1h	16m 05s	$197K	$230K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.057%Rate

Funding earned: −$122.46
Price spread: +0.057% → −0.055%: $11.27
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$126.2
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hibachi: live order book, 3 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 Hibachi live order book, 3 min ago	16.26 bp	37.8 bp −$38	57.5 bp −$575	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	−0.0436%	1h	93.187	−0.029%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-Pshort	−0.0336%	1h	93.268	+0.057%	$197K	$230K	7x
Arcus HYPE-USD	−0.0131%	1h	93.198	−0.018%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0123%	1h	93.170	−0.048%	$699K	$931K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.189	−0.028%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	93.286	+0.077%	$90K	$361K	20x	as long as short
Aster HYPEUSDT	0.0000%	4h	93.255	+0.043%	$8.9M	$35.9M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.278	+0.068%	$127K	$32K	5x	as long as short
Popdex HYPEUSDT	0.0000%	1h	93.266	+0.055%	$58K	$1.2M	50x	as long as short
Perpl HYPE	0.0000%	43m	93.243	+0.030%	$23K	$331K	10x	as long as short

Show 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 −0.0002%	1h	93.277	+0.067%	$27K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0020%	4h	93.258	+0.046%	$172K	$518K	20x	as long as short
Bybit HYPEUSDT	+0.0023%	8h	93.211	−0.004%	$322.9M	$286.2M	75x	as long as short
Bullet HYPE-USD	+0.0032%	1h	93.228	+0.014%	$112K	$579K	20x	as long as short
Phoenix HYPE	+0.0034%	1h	93.249	+0.037%	$214K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0047%	1h	93.201	−0.014%	$16.3M	$7.0M	10x	as long as short
Binance HYPEUSDT	+0.0065%	4h	93.231	+0.017%	$381.7M	$894.3M	75x	as long as short
Gate HYPE_USDT	+0.0066%	4h	93.217	+0.002%	$43.9M	$58.6M	75x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.226	+0.012%	$90.1M	$82.3M	100x	as long as short
edgeX HYPEUSDC	+0.0079%	4h	93.210	−0.005%	$5.1M	$29.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.260	+0.049%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.247	+0.035%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.244	+0.031%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.249	+0.036%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.250	+0.038%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.269	+0.059%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.252	+0.040%	$2.03B	$669.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.273	+0.062%	$10.0M	$14.4M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.213	−0.002%	$114.1M	$313.9M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.232	+0.019%	$204K	$8K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.261	+0.050%	$47.0M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.215	0.000%	$226.0M	$103.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.209	−0.006%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.231	+0.018%	$7.8M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.153	−0.066%	$29.0M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.253	+0.041%	$7.5M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.262	+0.051%	$415K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.195	−0.021%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.254	+0.042%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.263	+0.052%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.256	+0.044%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.303	+0.095%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.218	+0.004%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.195	−0.021%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.215	0.000%	$18.2M	$41.9M	50x	as long as short
Kalshi KXHYPEPERP	+0.0117%	8h	93.322	+0.115%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.300	+0.092%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0235%	4h	93.384	+0.182%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.190	−0.026%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERPlong	+0.0247%	1h	93.215	long leg	$77K	$159K	15x
BloFin HYPE-USDT	+0.0265%	4h	93.192	−0.024%	$16.8M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.324	+0.117%	$2.7M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0318%	1h	93.328	+0.122%	$7.4M	$4.6M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.263	+0.052%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.332	+0.126%	$20.9M	$29.0M	50x	as long as short