Funding you earn now, next payment 07:00 UTC−0.0175%/8h= −19.2% APRnext payment −$0.22 per $10,000 · paid last 24h −0.036%
Price spread now: Lighter against Reya+0.056%7-day average +0.049% · 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)−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.056%, 7d avg +0.049%
=Together, before fees−0.204%+ Points / potential airdropReya: Active · Lighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 93.348 | 0.0271 | pay 0.0034% / 1h | 34m 16s | $77K | $129K | 15x |
| Short | Lighter HYPE | 93.401 | 0.0096 | get 0.0012% / 1h | 34m 16s | $16.1M | $64.0M | 20x |
Reya HYPERUSDPERP
Lighter HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$36.8
- Price spread: +0.056% → +0.049%
- $0.76
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$42.04
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Lighter: live order book, 10 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 Lighter live order book, 10 min ago | 0.36 bp | 0.8 bp −$1 | 3.2 bp −$32 | 11.3 bp −$1,125 | 40.4 bp −$20.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1040% | 1h | 93.327 | −0.023% | $198K | $240K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0185% | 1h | 93.490 | +0.152% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0088% | 1h | 93.330 | −0.019% | $703K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | −0.0083% | 1h | 93.356 | +0.008% | $110K | $579K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.362 | +0.015% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.405 | +0.061% | $86K | $369K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0033% | 1h | 93.387 | +0.042% | $79K | $155K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0021% | 4h | 93.357 | +0.010% | $145K | $685K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.345 | −0.003% | $128K | $28K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.467 | +0.127% | $1.8M | $5.6M | 2.3x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.338 | −0.011% | $20K | $289K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.400 | +0.056% | $83K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0002% | 4h | 93.368 | +0.021% | — | $53.6M | — | as long as short |
| Bybit HYPEUSDT | +0.0002% | 8h | 93.400 | +0.056% | $315.1M | $287.9M | 75x | as long as short |
| Derive HYPE-PERP | +0.0007% | 1h | 93.302 | −0.049% | $16.2M | $7.5M | 10x | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.482 | +0.143% | $209K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0042% | 4h | 93.382 | +0.036% | $225.0M | $99.8M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0076% | 8h | 93.425 | +0.082% | $334K | $161K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0080% | 4h | 93.460 | +0.120% | $5.0M | $30.6M | 30x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.364 | +0.017% | $1.0M | $4.0M | 10x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 93.374 | +0.028% | $80K | $1.2M | 50x | as long as short |
| Phemex HYPEUSDT | +0.0091% | 8h | 93.404 | +0.060% | $12.7M | $2.8M | 50x | as long as short |
| Lighter HYPEshort | +0.0096% | 1h | 93.401 | +0.056% | $16.1M | $64.0M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.413 | +0.070% | $3.1M | $11.1M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.350 | +0.002% | $21K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.360 | +0.013% | $7.4M | $50.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.446 | +0.105% | $2.04B | $681.6M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.413 | +0.070% | $8.8M | $37.1M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.420 | +0.077% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.403 | +0.059% | $373.9M | $930.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.426 | +0.084% | $115.3M | $314.9M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.372 | +0.026% | $48.4M | $55.3M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.428 | +0.086% | $89.4M | $83.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.425 | +0.082% | $46.3M | $18.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.387 | +0.042% | $7.2M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.339 | −0.010% | $28.7M | $56.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.507 | +0.170% | $7.5M | $48.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.469 | +0.130% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.396 | +0.051% | $676K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.436 | +0.095% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.394 | +0.049% | $469K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.415 | +0.072% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.388 | +0.043% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.525 | +0.190% | $1.4M | $6.7M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.507 | +0.170% | $216K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.361 | +0.013% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.405 | +0.061% | $395K | $159K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.440 | +0.098% | $4.7M | $6.1M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0152% / S +0.0022% | 1h | 93.385 | +0.039% | $1.4M | — | 100x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.290 | −0.062% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERPlong | +0.0271% | 1h | 93.348 | long leg | $77K | $129K | 15x | |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.358 | +0.011% | $16.9M | $12.2M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0360% | 1h | 93.474 | +0.135% | $7.4M | $4.2M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0416% | 1h | 93.455 | +0.115% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.421 | +0.078% | $3.2M | $6.4M | 20x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
Bitget HYPEUSDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Arcus HYPE-USD
Popdex HYPEUSDT
Phemex HYPEUSDT
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
GMX HYPE/USD [WBTC.b-USDC]
Injective HYPE/USDC PERP
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC