Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.036%
Price spread now: Paradex against Reya+0.126%7-day average +0.032% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−1.255%−$125 · spread now +0.126%, 7d avg +0.032%
=Together, before fees−1.268%+ Points / potential airdropReya: Active · Paradex: Active · farm board−$127 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Paradex is 0.094% dearer against Reya than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.032%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 4 days (−0.013% in total) that is about 25 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.013% in total (about -1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 94.236 | 0.0272 | pay 0.0034% / 1h | 38m 08s | $84K | $124K | 15x |
| Short | Paradex HYPE-USD-PERP | 94.355 | 0.0052 | get 0.0052% / 8h | 38m 08s | $337K | $156K | 20x |
Reya HYPERUSDPERP
Paradex HYPE-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$46.23
- Price spread: +0.126% → +0.032%
- $9.41
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$46.82
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Paradex: live order book, 1 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 Paradex live order book, 1 min ago | 14.72 bp | 17.8 bp −$18 | 39.9 bp −$399 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1576% | 1h | 94.099 | −0.146% | $201K | $253K | 7x | as long as short |
| Bluefin HYPE-PERP | −0.0380% | 1h | 94.231 | −0.006% | $80K | $154K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0210% | 1h | 94.210 | −0.028% | $712K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | −0.0191% | 1h | 94.264 | +0.029% | $112K | $576K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0143% | 1h | 94.418 | +0.193% | $22K | $20K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0112% | 1h | 94.310 | +0.078% | $86K | $367K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.328 | +0.097% | $3K | $331 | 25x | as long as short |
| Arcus HYPE-USD | −0.0045% | 1h | 94.300 | +0.068% | $1.0M | $3.6M | 10x | as long as short |
| Derive HYPE-PERP | −0.0030% | 1h | 94.212 | −0.026% | $16.5M | $7.5M | 10x | as long as short |
| Bybit HYPEUSDT | −0.0015% | 8h | 94.194 | −0.045% | $316.8M | $289.1M | 75x | as long as short |
Hibachi HYPE/USDT-P
Bluefin HYPE-PERP
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Arcus HYPE-USD
Derive HYPE-PERP
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0001% | 4h | 94.231 | −0.006% | $146K | $685K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.308 | +0.076% | $129K | $94K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 94.378 | +0.150% | $1.9M | $5.6M | 2.3x | as long as short |
| Phoenix HYPE | 0.0000% | 1h | 94.440 | +0.216% | $209K | $1.1M | 10x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.271 | +0.036% | $19K | $288K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S 0.0000% | 1h | 94.285 | +0.052% | $123K | — | 150x | as long as short |
| Bitget HYPEUSDT | +0.0038% | 4h | 94.185 | −0.055% | $226.4M | $99.7M | 75x | as long as short |
| Lighter HYPE | +0.0040% | 1h | 94.227 | −0.010% | $16.3M | $64.1M | 20x | as long as short |
| Phemex HYPEUSDT | +0.0042% | 8h | 94.269 | +0.035% | $12.9M | $2.9M | 50x | as long as short |
| Paradex HYPE-USD-PERPshort | +0.0052% | 8h | 94.355 | +0.126% | $337K | $156K | 20x | |
| Polymarket Perps HYPE-USD | +0.0057% | 1h | 94.311 | +0.079% | $495K | $2.8M | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0064% | 1h | 94.360 | +0.131% | $4.7M | $6.2M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0080% | 8h | 94.201 | −0.038% | $117.5M | $324.1M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0093% | 4h | 94.370 | +0.142% | $5.0M | $30.6M | 30x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.231 | −0.006% | $3.2M | $10.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.286 | +0.053% | $81K | $1.2M | 50x | as long as short |
| SoDEX HYPE-USD | +0.0097% | 1h | 94.245 | +0.009% | $2.1M | $1.9M | 10x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.320 | +0.089% | $30K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.245 | +0.009% | $7.0M | $52.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.329 | +0.098% | $2.07B | $688.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.242 | +0.006% | $8.8M | $37.3M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.357 | +0.128% | $10.2M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.226 | −0.011% | $377.6M | $933.9M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.280 | +0.046% | $218K | $12K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.200 | −0.039% | $49.7M | $56.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.213 | −0.025% | $90.6M | $82.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.232 | −0.005% | $46.7M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.207 | −0.031% | — | $53.1M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.191 | −0.048% | $7.6M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.327 | +0.096% | $29.5M | $54.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.408 | +0.182% | $7.6M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.340 | +0.110% | $369K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.325 | +0.094% | $682K | $2.7M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.263 | +0.028% | $32K | $1.6M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.400 | +0.174% | $1.4M | $6.8M | 75x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.360 | +0.131% | — | $190K | 5x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.219 | −0.019% | $18.3M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.252 | +0.016% | $398K | $159K | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0150% / S +0.0021% | 1h | 94.306 | +0.074% | $1.4M | — | 100x | as long as short |
| Injective HYPE/USDC PERP | +0.0185% | 1h | 94.280 | +0.046% | $30K | $339K | 12x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0206% | 1h | 94.349 | +0.120% | $7.4M | $4.3M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0223% | 1h | 94.280 | +0.046% | $20.2M | $30.2M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0249% | 1h | 94.332 | +0.101% | $3.2M | $6.4M | 20x | as long as short |
| Reya HYPERUSDPERPlong | +0.0272% | 1h | 94.236 | long leg | $84K | $124K | 15x | |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.373 | +0.145% | $17.1M | $12.4M | 75x | as long as short |
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERP
Phoenix HYPE
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bitget HYPEUSDT
Lighter HYPE
Phemex HYPEUSDT
Polymarket Perps HYPE-USD
Coinbase International HYPE-PERP-INTX
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Lighter RH HYPE
Popdex HYPEUSDT
SoDEX HYPE-USD
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Vest HYPE-PERP
Extended HYPE-USD
Aevo HYPE-PERP
GMX HYPE/USD [WBTC.b-USDC]
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC
BloFin HYPE-USDT