Funding you earn now, next payment 03:00 UTC+0.0315%/8h= +34.5% APRnext payment +$0.39 per $10,000 · paid last 24h +0.060%
Price spread now: Reya against 01 Exchange−0.040%52s7-day average −0.038% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)+0.546%+$55 · spread now −0.040%, 7d avg −0.038%
=Together, before fees+0.586%+ Points / potential airdropReya: Active · farm board+$59 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.039% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 per $10,000. 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 | 01 Exchange HYPEUSD | 93.110 | −0.0056 | get 0.0007% / 1h | 14m 35s | $85K | $345K | 20x |
| Short | Reya HYPERUSDPERP | 93.072 | 0.0259 | get 0.0032% / 1h | 14m 35s | $79K | $140K | 15x |
01 Exchange HYPEUSD
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against 01 Exchange. 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
- $66.11
- Price spread: −0.040% → −0.038%
- −$0.27
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $52.84
- Costs to cover
- 0.130%
- Break-even
- 1.4 days
Slippage unknown: 01 Exchange: live order book, 50 min ago; Reya: no order-book sample. 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 01 Exchange live order book, 50 min ago | 0.80 bp | 5.8 bp −$6 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
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 | −0.1056% | 1h | 93.409 | +0.321% | $197K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.006 | −0.112% | $1.2M | $3.9M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0138% | 1h | 93.100 | −0.011% | $699K | $1.0M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.314 | +0.219% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSDlong | −0.0056% | 1h | 93.110 | long leg | $85K | $345K | 20x | |
| Aftermath Perps HYPEUSD | −0.0055% | 1h | 93.352 | +0.260% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0048% | 4h | 93.095 | −0.016% | $153K | $652K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.163 | +0.057% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.119 | +0.010% | $23K | $319K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.107 | −0.004% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | +0.0003% | 8h | 93.190 | +0.086% | $12.6M | $2.7M | 50x | as long as short |
| Bullet HYPE-USD | +0.0020% | 1h | 93.090 | −0.022% | $111K | $578K | 20x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.367 | +0.276% | $213K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0026% | 4h | 93.097 | −0.014% | $8.8M | $35.9M | 300x | as long as short |
| BingX HYPE-USDT | +0.0034% | 4h | 93.114 | +0.004% | — | $53.0M | — | as long as short |
| Gate HYPE_USDT | +0.0042% | 4h | 93.117 | +0.008% | $44.5M | $55.4M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0045% | 8h | 93.100 | −0.011% | $320.3M | $278.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 93.112 | +0.002% | $113.5M | $299.8M | 50x | as long as short |
| Derive HYPE-PERP | +0.0082% | 1h | 93.070 | −0.043% | $16.1M | $7.5M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.103 | −0.008% | $16.2M | $62.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.111 | +0.001% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.086 | −0.026% | $70K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.184 | +0.080% | $338K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.110 | 0.000% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.088 | −0.023% | $5.7M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.164 | +0.058% | $2.03B | $657.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.124 | +0.015% | $10.0M | $14.8M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.125 | +0.016% | $377.9M | $881.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.109 | −0.001% | $89.4M | $81.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.130 | +0.021% | $45.8M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.116 | +0.006% | $225.2M | $96.5M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.101 | −0.010% | $7.3M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.377 | +0.287% | $31.1M | $53.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.364 | +0.272% | $7.5M | $45.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.292 | +0.195% | $339K | $998K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.417 | +0.330% | $667K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.197 | +0.094% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.125 | +0.016% | $481K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.085 | −0.027% | $79K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.154 | +0.047% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.110 | 0.000% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.155 | +0.048% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.087 | −0.025% | $18.3M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.090 | −0.022% | $396K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0117% | 4h | 93.295 | +0.199% | $5.0M | $29.1M | 30x | as long as short |
| HTX HYPE-USDT | +0.0149% | 4h | 93.260 | +0.161% | $1.4M | $6.0M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.160 | +0.054% | $4.8M | $5.6M | 50x | as long as short |
| Reya HYPERUSDPERPshort | +0.0259% | 1h | 93.072 | −0.040% | $79K | $140K | 15x | |
| Kalshi KXHYPEPERP | +0.0272% | 8h | 93.204 | +0.101% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0156% | 1h | 93.101 | −0.010% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.081 | −0.031% | $17.0M | $11.5M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0341% | 1h | 93.191 | +0.087% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.207 | +0.104% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.730 | +0.666% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0687% | 1h | 93.206 | +0.103% | $20.7M | $29.8M | 50x | as long as short |
Phemex HYPEUSDT
Bullet HYPE-USD
Phoenix HYPE
Aster HYPEUSDT
BingX HYPE-USDT
Gate HYPE_USDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD