Funding you earn now, next payment 07:00 UTC+0.0287%/8h= +31.4% APRnext payment +$0.36 per $10,000 · paid last 24h +0.025%
Price spread now: RISEx against Reya+0.071%7-day average +0.031% · 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)+0.129%+$13 on $10k
+Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.071%, 7d avg +0.031%
=Together, before fees−0.126%+ Points / potential airdropReya: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and RISEx is 0.040% dearer against Reya than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 94.152 | 0.0272 | pay 0.0034% / 1h | 3m 14s | $82K | $134K | 15x |
| Short | RISEx HYPE/USDC | 94.218 | 0.0559 | get 0.0070% / 1h | 3m 14s | $3.2M | $6.4M | 20x |
Reya HYPERUSDPERP
RISEx HYPE/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $60.3
- Price spread: +0.071% → +0.031%
- $3.97
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $52.28
- Costs to cover
- 0.120%
- Break-even
- 0.9 days
Slippage unknown: Reya: no order-book sample; RISEx: 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 RISEx live order book, 1 min ago | 2.34 bp | 5.3 bp −$5 | 6.8 bp −$68 | 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 | −0.1088% | 1h | 94.070 | −0.087% | $201K | $235K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0165% | 1h | 94.260 | +0.115% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0106% | 1h | 94.100 | −0.055% | $710K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.200 | +0.052% | $3K | $331 | 25x | as long as short |
| Bluefin HYPE-PERP | −0.0078% | 1h | 94.127 | −0.026% | $80K | $155K | 20x | as long as short |
| Bullet HYPE-USD | −0.0074% | 1h | 94.175 | +0.025% | $111K | $578K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 94.196 | +0.047% | $87K | $366K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0009% | 4h | 94.144 | −0.008% | $146K | $685K | 20x | as long as short |
| Bybit HYPEUSDT | −0.0008% | 8h | 94.220 | +0.073% | $317.4M | $289.5M | 75x | as long as short |
| BingX HYPE-USDT | −0.0004% | 4h | 94.212 | +0.064% | — | $53.5M | — | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Bluefin HYPE-PERP
Bullet HYPE-USD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
BingX HYPE-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX HYPE-USD | 0.0000% | 1h | 94.178 | +0.029% | $129K | $26K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 94.262 | +0.117% | $1.8M | $5.6M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.188 | +0.039% | $19K | $287K | 10x | as long as short |
| Derive HYPE-PERP | +0.0001% | 1h | 94.110 | −0.044% | $16.4M | $7.5M | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S 0.0000% | 1h | 94.180 | +0.030% | $117K | — | 150x | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 94.230 | +0.083% | $206K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0048% | 4h | 94.200 | +0.052% | $226.6M | $100.1M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0056% | 8h | 94.221 | +0.074% | $12.9M | $2.9M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0064% | 8h | 94.226 | +0.079% | $337K | $156K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0081% | 4h | 94.163 | +0.012% | $5.0M | $30.7M | 30x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 94.170 | +0.020% | $1.0M | $3.5M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0093% | 8h | 94.221 | +0.074% | $116.9M | $321.5M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.235 | +0.089% | $16.3M | $64.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.215 | +0.067% | $3.2M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.175 | +0.025% | $79K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.210 | +0.062% | $15K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.174 | +0.024% | $7.3M | $50.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.274 | +0.130% | $2.07B | $688.3M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.208 | +0.060% | $8.8M | $37.2M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.226 | +0.079% | $10.2M | $15.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.233 | +0.087% | $377.1M | $931.9M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.183 | +0.033% | $217K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.170 | +0.020% | $49.4M | $57.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.238 | +0.092% | $89.6M | $85.5M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.175 | +0.025% | $46.9M | $18.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.197 | +0.048% | $7.6M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.239 | +0.092% | $29.1M | $55.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.188 | +0.039% | $7.6M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.175 | +0.025% | $347K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.172 | +0.022% | $681K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.238 | +0.092% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.198 | +0.049% | $495K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.219 | +0.072% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.184 | +0.035% | $2.1M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.322 | +0.181% | $1.4M | $6.8M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.142 | −0.010% | $18.3M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.192 | +0.042% | $398K | $159K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 94.190 | +0.041% | $4.7M | $6.2M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0151% / S +0.0023% | 1h | 94.226 | +0.079% | $1.4M | — | 100x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.150 | −0.002% | $30K | $340K | 12x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0228% | 1h | 94.269 | +0.125% | $7.4M | $4.3M | 50x | as long as short |
| Reya HYPERUSDPERPlong | +0.0272% | 1h | 94.152 | long leg | $82K | $134K | 15x | |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.215 | +0.067% | $17.0M | $12.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0413% | 1h | 94.264 | +0.120% | $20.2M | $30.3M | 50x | as long as short |
| RISEx HYPE/USDCshort | +0.0559% | 1h | 94.218 | +0.071% | $3.2M | $6.4M | 20x |
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
Derive HYPE-PERP
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Bitget HYPEUSDT
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Arcus HYPE-USD
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
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
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
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
GMX HYPE/USD [WBTC.b-USDC]
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD