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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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 06:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h −0.042%
Price spread now: Kalshi against Reya+0.135%45s7-day average +0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.086%−$9 on $10k
Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.135%, 7d avg +0.050%
Together, before fees−0.213%+ Points / potential airdropReya: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kalshi is 0.085% dearer against Reya than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of +0.050%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 43 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya HYPERUSDPERP93.1870.0269pay 0.0034% / 1h31m 29s$80K$127K15x
ShortKalshi KXHYPEPERP93.3130.0110get 0.0110% / 8h6h 31m$1.8M$5.7M2.3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi 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
−$33.38
Price spread: +0.135% → +0.050%
$8.49
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$40.89
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Kalshi: live order book, 2 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 Kalshi live order book, 2 min ago4.29 bp10.7 bp −$1113.3 bp −$13320.2 bp −$2,016doesn'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−0.1568%1h93.135−0.056%$196K$234K7xas long as short
Aftermath Perps HYPEUSD−0.0359%1h93.307+0.129%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.195+0.009%$3K$33125xas long as short
Bullet HYPE-USD−0.0059%1h93.219+0.034%$111K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0023%4h93.213+0.028%$146K$662K20xas long as short
01 Exchange HYPEUSD−0.0016%1h93.225+0.041%$87K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.219+0.035%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.203+0.017%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.247+0.064%$62K—150xas long as short
Arcus HYPE-USD+0.0011%1h93.166−0.022%$1.0M$4.0M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0016%4h93.185−0.002%$225.2M$98.9M75xas long as short
Bybit HYPEUSDT+0.0020%8h93.170−0.018%$316.5M$282.9M75xas long as short
Ondo Perps HYPE-USD.P+0.0024%1h93.150−0.040%$702K$1.2M10xas long as short
Phoenix HYPE+0.0026%1h93.263+0.082%$207K$1.2M10xas long as short
Phemex HYPEUSDT+0.0047%8h93.223+0.039%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0088%4h93.175−0.012%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.223+0.039%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.199+0.013%$16.1M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.195+0.009%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.189+0.002%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.160−0.029%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.207+0.021%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.251+0.069%$2.03B$668.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.189+0.002%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.229+0.045%$10.0M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.180−0.007%$373.3M$912.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.174−0.014%$114.3M$309.2M50xas long as short
Bulk HYPE-USD+0.0100%1h93.230+0.046%$215K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.177−0.011%$46.7M$54.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.205+0.019%$90.9M$81.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.1870.000%$46.0M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.190+0.003%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.248+0.066%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.351+0.176%$28.6M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.218+0.033%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.165−0.023%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.230+0.046%$667K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.260+0.079%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.206+0.021%$483K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.237+0.054%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.200+0.014%$16.1M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.268+0.087%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.198+0.012%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.420+0.250%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.163−0.025%$18.1M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.225+0.041%$394K$158K20xas long as short
Kalshi KXHYPEPERPshort+0.0110%8h93.313+0.135%$1.8M$5.7M2.3x
Injective HYPE/USDC PERP+0.0122%1h93.130−0.061%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.230+0.046%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERPlong+0.0269%1h93.187long leg$80K$127K15x
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.248+0.065%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.202+0.016%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0342%1h93.275+0.094%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0415%1h93.285+0.105%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.265+0.084%$3.2M$6.3M20xas long as short