Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h +0.011%
Price spread now: HTX against Reya+0.176%7-day average +0.071% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on HTX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.041%+$4 on $10k
Price spread, last 4 days (all we have)−0.343%−$34 · spread now +0.176%, 7d avg +0.071%
Together, before fees−0.302%+ Points / potential airdropReya: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.105% dearer against Reya than usual: you sell high and buy low (spread +0.176% now, against its 7-day average of +0.071%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya HYPERUSDPERP93.2360.0259pay 0.0032% / 1h11m 04s$79K$140K15x
ShortHTX HYPE-USDT93.4000.0137get 0.0068% / 4h1h 11m$1.4M$6.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$25.68
Price spread: +0.176% → +0.071%
$10.46
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
−$33.22
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample—————
Sell HTX live order book, 3 min ago2.63 bp9.5 bp −$1013.2 bp −$13247.5 bp −$4,749doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1000%1h93.101−0.145%$197K$227K7xas long as short
Arcus HYPE-USD−0.0899%1h93.117−0.128%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0130%1h93.170−0.071%$698K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.234−0.002%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0064%1h93.218−0.020%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.262+0.028%$85K$345K20xas long as short
Orderly PERP_HYPE_USDC−0.0048%4h93.270+0.036%$155K$654K20xas long as short
Phemex HYPEUSDT−0.0003%8h93.277+0.044%$12.6M$2.7M50xas long as short
dYdX HYPE-USD0.0000%1h93.241+0.006%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.238+0.002%$23K$319K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.268+0.034%$63K—150xas long as short
Bullet HYPE-USD+0.0008%1h93.226−0.011%$111K$579K20xas long as short
Aster HYPEUSDT+0.0018%4h93.294+0.062%$8.8M$35.9M300xas long as short
Phoenix HYPE+0.0026%1h93.156−0.086%$212K$1.2M10xas long as short
BingX HYPE-USDT+0.0036%4h93.299+0.067%—$53.0M—as long as short
Gate HYPE_USDT+0.0046%4h93.297+0.065%$44.6M$55.5M75xas long as short
Bybit HYPEUSDT+0.0047%8h93.294+0.062%$320.9M$276.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0077%8h93.295+0.063%$113.8M$299.6M50xas long as short
Derive HYPE-PERP+0.0086%1h93.247+0.012%$16.2M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.307+0.076%$16.2M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.300+0.069%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.243+0.007%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.280+0.047%$339K$162K20xas long as short
MEXC HYPE_USDT+0.0098%4h93.298+0.066%$89.6M$81.2M100xas long as short
Binance HYPEUSDT+0.0098%4h93.298+0.066%$377.2M$880.2M75xas long as short
Katana Perps HYPE-USD+0.0100%8h93.230−0.007%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.243+0.007%$5.8M$43.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.358+0.131%$2.04B$657.5M10xas long as short
Pacifica HYPE+0.0100%1h93.252+0.017%$10.0M$14.8M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.305+0.074%$45.9M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.300+0.069%$225.7M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.280+0.047%$7.4M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.197−0.042%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.122−0.122%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.125−0.119%$338K$998K50xas long as short
StandX HYPE-USD+0.0100%1h93.143−0.100%$665K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.261+0.027%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.276+0.043%$473K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.268+0.034%$79K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.328+0.099%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.298+0.066%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.155−0.087%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.273+0.040%$18.3M$42.9M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.287+0.054%$397K$162K20xas long as short
edgeX HYPEUSDC+0.0112%4h93.083−0.165%$5.0M$28.9M30xas long as short
HTX HYPE-USDTshort+0.0137%4h93.400+0.176%$1.4M$6.0M75x
Coinbase International HYPE-PERP-INTX+0.0176%1h93.340+0.111%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERPlong+0.0259%1h93.236long leg$79K$140K15x
Kalshi KXHYPEPERP+0.0268%8h93.317+0.087%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.269+0.036%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0338%4h93.247+0.012%$17.0M$11.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0436%1h93.390+0.165%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.338+0.109%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.160−0.082%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0685%1h93.350+0.122%$20.7M$29.8M50xas long as short