Funding you earn now, next payment 00:00 UTC−0.0328%/8h= −35.9% APRnext payment −$0.41 per $10,000 · paid last 24h −0.073%
Price spread now: Hotstuff against Reya−0.025%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Hotstuff is 0.025% cheaper against Reya than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 93.916 | 0.0248 | pay 0.0031% / 1h | 56m 16s | $77K | $142K | 15x |
| Short | Hotstuff HYPE-PERP | 93.892 | −0.0080 | pay 0.0010% / 1h | 56m 16s | $3K | $331 | 25x |
Reya HYPERUSDPERP
Hotstuff HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$68.85
- Price spread: −0.025% → 0.000%
- −$2.52
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$82.37
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Hotstuff: 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 Hotstuff no order-book sample | — | — | — | — | — |
Reya and Hotstuff: 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 | −0.0520% | 1h | 93.829 | −0.092% | $199K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0486% | 1h | 93.686 | −0.245% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.847 | −0.073% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERPshort | −0.0080% | 1h | 93.892 | −0.025% | $3K | $331 | 25x | |
| dYdX HYPE-USD | 0.0000% | 1h | 93.912 | −0.004% | $128K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.920 | +0.004% | $23K | $330K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.951 | +0.038% | $28K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0003% | 1h | 93.830 | −0.091% | $703K | $903K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0014% | 4h | 93.930 | +0.015% | $176K | $526K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.892 | −0.025% | $324.8M | $280.5M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Ondo Perps HYPE-USD.P
Orderly PERP_HYPE_USDC
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0024% | 4h | 93.941 | +0.027% | $8.9M | $35.8M | 300x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.805 | −0.118% | $215K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0064% | 4h | 93.925 | +0.010% | $44.5M | $57.9M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0066% | 4h | 93.937 | +0.023% | $90.6M | $80.3M | 100x | as long as short |
| Derive HYPE-PERP | +0.0069% | 1h | 93.859 | −0.060% | $16.4M | $6.9M | 10x | as long as short |
| Binance HYPEUSDT | +0.0070% | 4h | 93.927 | +0.012% | $385.6M | $885.5M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0070% | 8h | 93.916 | 0.000% | $12.8M | $2.6M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0078% | 4h | 93.744 | −0.182% | $5.1M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.980 | +0.069% | $19.0M | $58.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.965 | +0.052% | $3.1M | $12.2M | 20x | as long as short |
| 01 Exchange HYPEUSD | +0.0096% | 1h | 93.968 | +0.056% | $91K | $355K | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.925 | +0.010% | $63K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.859 | −0.060% | $399K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.929 | +0.014% | $341K | $169K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.920 | +0.005% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.919 | +0.004% | $5.9M | $44.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.953 | +0.039% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.902 | −0.015% | $115.0M | $314.8M | 50x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.956 | +0.043% | $47.3M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.911 | −0.005% | $227.6M | $102.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.912 | −0.004% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.942 | +0.028% | $7.9M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.552 | −0.387% | $30.9M | $51.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.616 | −0.319% | $7.5M | $45.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.759 | −0.167% | $393K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.862 | −0.057% | $679K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.914 | −0.002% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.946 | +0.032% | $484K | $2.5M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.901 | −0.016% | $112K | $577K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.929 | +0.014% | $76K | $166K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.976 | +0.064% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.937 | +0.023% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.680 | −0.251% | $205K | $7K | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.0104% | 1h | 93.750 | −0.176% | $30K | $338K | 12x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.907 | −0.010% | $18.6M | $42.0M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0120% | 8h | 93.978 | +0.066% | $1.9M | $5.1M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 93.870 | −0.049% | $4.9M | $5.7M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0218% | 1h | 94.020 | +0.111% | $7.4M | $4.5M | 50x | as long as short |
| HTX HYPE-USDT | +0.0222% | 4h | 94.088 | +0.183% | $1.5M | $7.7M | 75x | as long as short |
| Reya HYPERUSDPERPlong | +0.0248% | 1h | 93.916 | long leg | $77K | $142K | 15x | |
| BloFin HYPE-USDT | +0.0266% | 4h | 93.898 | −0.019% | $17.0M | $12.3M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 93.981 | +0.069% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0165% | 1h | 93.897 | −0.020% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0577% | 1h | 94.049 | +0.142% | $21.0M | $29.0M | 50x | as long as short |
| Hyperliquid HYPE | +0.0602% | 1h | 93.968 | +0.056% | $2.05B | $667.6M | 10x | as long as short |
Aster HYPEUSDT
Phoenix HYPE
Gate HYPE_USDT
MEXC HYPE_USDT
Derive HYPE-PERP
Binance HYPEUSDT
Phemex HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
01 Exchange HYPEUSD
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
OKX HYPE-USDT-SWAP
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
Bullet HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Injective HYPE/USDC PERP
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
Hyperliquid HYPE