TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0078%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h +0.022%

Price spread now: Reya against Hyperliquid−0.164%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—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

Funding pays, the price is against you. Reya is 0.164% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.164% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 7.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TIA	0.4314	0.0100	pay 0.0013% / 1h	35m 26s	$4.2M	$1.5M	5x
Short	Reya TIARUSDPERP	0.4307	0.0178	get 0.0022% / 1h	35m 26s	$6K	—	15x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee ReyabpOrdersPrice spread, now −0.164%Rate

Funding earned: $16.45
Price spread: −0.164% → 0.000%: −$16.43
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$14.98
Costs to cover: 0.150%
Break-even: 13.4 days

Slippage unknown: Hyperliquid: live order book, 6 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, 6 min ago	0.93 bp	14.5 bp −$15	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.

TIA on 27 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
Bybit TIAUSDT	−0.0399%	4h	0.4306	−0.185%	$9.3M	$13.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0390%	1h	0.4311	−0.058%	$355K	$239K	50x	as long as short
ApeX Omni TIAUSDT	−0.0138%	1h	0.4305	−0.209%	$48K	$235K	50x	as long as short
Gate TIA_USDT	−0.0090%	4h	0.4307	−0.162%	$994K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0019%	4h	0.4306	−0.185%	$2.7M	$5.7M	50x	as long as short
KuCoin TIAUSDTM	−0.0012%	4h	0.4305	−0.209%	$4.1M	$8.6M	50x	as long as short
Variational Omni TIA	−0.0003%	4h	0.4302	−0.270%	$101K	$85K	—	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4310	−0.093%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4310	−0.103%	$1K	—	150x	as long as short
Backpack TIA_USDC_PERP	+0.0018%	1h	0.4306	−0.178%	$102K	$151K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TIA	+0.0096%	1h	0.4311	−0.079%	$127K	$353K	10x	as long as short
Aster TIAUSDT	+0.0098%	4h	0.4308	−0.134%	$34K	$272K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4307	−0.162%	$5K	$360K	10x	as long as short
Hyperliquid TIAlong	+0.0100%	1h	0.4314	long leg	$4.2M	$1.5M	5x
Binance TIAUSDT	+0.0100%	4h	0.4309	−0.119%	$14.0M	$41.1M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4309	−0.116%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4308	−0.139%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4307	−0.162%	—	$101.0M	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4305	−0.209%	$73K	$15K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4306	−0.191%	$58K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4309	−0.123%	$7K	—	3x	as long as short
Reya TIARUSDPERPshort	+0.0178%	1h	0.4307	−0.164%	$6K	—	15x
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4322	+0.185%	$48K	$71K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4300	−0.325%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4300	−0.325%	$1.0M	$511K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4310	−0.084%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0819%	1h	0.4308	−0.142%	$51K	$59	10x	as long as short