Funding you earn now, next payment 00:00 UTC−0.1001%/8h= −109.6% APRnext payment −$1.25 per $10,000 · paid last 24h —
Price spread now: Reya against Hyperliquid−0.186%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Reya is 0.186% cheaper against Hyperliquid than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SYRUP | 0.2310 | 0.1150 | pay 0.0144% / 1h | 8m 44s | $5.9M | $1.5M | 3x |
| Short | Reya SYRUPRUSDPERP | 0.2306 | 0.0149 | get 0.0019% / 1h | 8m 44s | — | — | 5x |
Hyperliquid SYRUP
Reya SYRUPRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Hyperliquid. 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
- −$210.27
- Price spread: −0.186% → 0.000%
- −$18.6
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$243.87
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 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 Hyperliquid live order book, 3 min ago | 1.51 bp | doesn't fit | doesn't fit | 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.
SYRUP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SYRUP-USDT | +0.0053% | 4h | 0.2306 | −0.164% | $457K | $135K | 50x | as long as short |
| Lighter SYRUP | +0.0096% | 1h | 0.2311 | +0.052% | $210K | $220K | 5x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2307 | −0.163% | $14K | $63K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2306 | −0.170% | $9.6M | $6.7M | 25x | as long as short |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2308 | −0.082% | $2.3M | $1.9M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2307 | −0.143% | $1.2M | $1.1M | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2306 | −0.190% | $429K | $69K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2306 | −0.186% | $3.0M | $583K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2316 | +0.260% | $2.0M | $109K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2307 | −0.143% | $679K | $454K | 20x | as long as short |
BloFin SYRUP-USDT
Lighter SYRUP
Aster SYRUPUSDT
Binance SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2308 | −0.113% | — | $6.5M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2307 | −0.138% | $166K | $46K | — | as long as short |
| Reya SYRUPRUSDPERPshort | +0.0149% | 1h | 0.2306 | −0.186% | — | — | 5x | |
| GMX SYRUP/USD [ETH-USDC] | L +0.0331% / S −0.1447% | 1h | 0.2306 | −0.173% | $3K | — | 50x | as long as short |
| Kraken Futures PF_SYRUPUSD | +0.0682% | 1h | 0.2309 | −0.043% | $42K | $23K | 10x | as long as short |
| Hyperliquid SYRUPlong | +0.1150% | 1h | 0.2310 | long leg | $5.9M | $1.5M | 3x |
BingX SYRUP-USDT
Variational Omni SYRUP
GMX SYRUP/USD [ETH-USDC]
Kraken Futures PF_SYRUPUSD