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: Hyperliquid against Reya+0.164%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Hyperliquid

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 airdropReya: Active · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.164% dearer against Reya than usual: you sell high and buy low (spread +0.164% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TIARUSDPERP	0.4304	0.0178	pay 0.0022% / 1h	35m 45s	$6K	—	15x
Short	Hyperliquid TIA	0.4311	0.0100	get 0.0013% / 1h	35m 45s	$4.2M	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Reya. 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 ReyabpFee HyperliquidbpOrdersPrice spread, now +0.164%Rate

Funding earned: −$16.45
Price spread: +0.164% → 0.000%: $16.42
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$15.03
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago	0.93 bp	13.4 bp −$13	doesn't fit	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.

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	0.4303	−0.022%	$9.3M	$13.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0390%	1h	0.4308	+0.098%	$354K	$239K	50x	as long as short
ApeX Omni TIAUSDT	−0.0128%	1h	0.4298	−0.138%	$48K	$235K	50x	as long as short
Gate TIA_USDT	−0.0104%	4h	0.4305	+0.025%	$994K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0023%	4h	0.4303	−0.022%	$2.7M	$5.7M	50x	as long as short
Variational Omni TIA	−0.0018%	4h	0.4296	−0.184%	$96K	$81K	—	as long as short
KuCoin TIAUSDTM	−0.0012%	4h	0.4303	−0.022%	$4.1M	$8.6M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4308	+0.095%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4308	+0.085%	$1K	—	150x	as long as short
Backpack TIA_USDC_PERP	+0.0018%	1h	0.4306	+0.055%	$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	+0.155%	$127K	$353K	10x	as long as short
Aster TIAUSDT	+0.0098%	4h	0.4308	+0.086%	$34K	$272K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4307	+0.071%	$5K	$360K	10x	as long as short
Hyperliquid TIAshort	+0.0100%	1h	0.4311	+0.164%	$4.2M	$1.5M	5x
Binance TIAUSDT	+0.0100%	4h	0.4306	+0.048%	$14.0M	$41.2M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4307	+0.071%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4306	+0.048%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4305	+0.025%	—	$101.0M	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4305	+0.025%	$73K	$15K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4303	−0.021%	$58K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4307	+0.071%	$7K	—	3x	as long as short
Reya TIARUSDPERPlong	+0.0178%	1h	0.4304	long leg	$6K	—	15x
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4322	+0.420%	$48K	$71K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4300	−0.091%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4300	−0.091%	$1.0M	$511K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4308	+0.087%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0819%	1h	0.4308	+0.092%	$51K	$59	10x	as long as short