Funding you earn now, next payment 07:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h +0.044%
Price spread now: Reya against edgeX−0.101%7-day average −0.017% · 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)+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.221%+$22 · spread now −0.101%, 7d avg −0.017%
=Together, before fees+0.227%+ Points / potential airdropedgeX: Active · Reya: Active · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.083% cheaper against edgeX than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.017%). If the spread goes back, that is −$8 on $10k: about 38 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.006% in total) that is about 45 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX HYPEUSDC | 94.344 | 0.0095 | pay 0.0047% / 4h | 1h 19m | $5.0M | $30.6M | 30x |
| Short | Reya HYPERUSDPERP | 94.249 | 0.0272 | get 0.0034% / 1h | 19m 16s | $78K | $129K | 15x |
edgeX HYPEUSDC
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against edgeX. 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
- $37.13
- Price spread: −0.101% → −0.017%
- −$8.33
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $13.81
- Costs to cover
- 0.150%
- Break-even
- 4.4 days
Slippage unknown: edgeX: live order book, 5 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 edgeX live order book, 5 min ago | 0.32 bp | 4.8 bp −$5 | 5.0 bp −$50 | 148.0 bp −$14.8K | 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 54 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 | −0.1072% | 1h | 94.168 | −0.186% | $200K | $237K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0186% | 1h | 94.134 | −0.223% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.264 | −0.085% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0063% | 1h | 94.140 | −0.216% | $709K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | −0.0059% | 1h | 94.278 | −0.070% | $112K | $579K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 94.314 | −0.032% | $86K | $367K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0014% | 4h | 94.259 | −0.090% | $146K | $686K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0004% | 1h | 94.282 | −0.065% | $80K | $155K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.292 | −0.055% | $129K | $26K | 5x | as long as short |
| Bybit HYPEUSDT | 0.0000% | 8h | 94.260 | −0.089% | $317.3M | $289.2M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Bluefin HYPE-PERP
dYdX HYPE-USD
Bybit HYPEUSDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 94.265 | −0.083% | $19K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 94.290 | −0.057% | $84K | — | 150x | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 94.378 | +0.036% | $207K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0052% | 4h | 94.279 | −0.069% | $227.2M | $99.3M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0058% | 8h | 94.162 | −0.193% | $12.8M | $2.9M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0078% | 8h | 94.318 | −0.027% | $337K | $157K | 20x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 94.249 | −0.100% | $1.0M | $4.0M | 10x | as long as short |
| edgeX HYPEUSDClong | +0.0095% | 4h | 94.344 | long leg | $5.0M | $30.6M | 30x | |
| Lighter HYPE | +0.0096% | 1h | 94.260 | −0.089% | $16.3M | $64.3M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.267 | −0.081% | $3.2M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.259 | −0.090% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.270 | −0.078% | $17K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.258 | −0.090% | $7.5M | $50.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.365 | +0.023% | $2.07B | $687.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.279 | −0.069% | $8.8M | $37.1M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.297 | −0.049% | $10.2M | $15.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.279 | −0.068% | $377.2M | $933.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.270 | −0.078% | $116.3M | $316.9M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.274 | −0.074% | $48.9M | $56.5M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.264 | −0.085% | $89.8M | $85.0M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.271 | −0.077% | $46.9M | $18.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.278 | −0.070% | — | $53.6M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.223 | −0.128% | $7.2M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.229 | −0.122% | $29.0M | $56.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.424 | +0.085% | $7.6M | $48.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.205 | −0.147% | $362K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.221 | −0.130% | $682K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.344 | +0.001% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.287 | −0.060% | $498K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.311 | −0.035% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.291 | −0.056% | $2.1M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.405 | +0.065% | $1.4M | $6.8M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.275 | −0.073% | $218K | $15K | 10x | as long as short |
| Kalshi KXHYPEPERP | +0.0103% | 8h | 94.317 | −0.028% | $1.8M | $5.6M | 2.3x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.265 | −0.084% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.306 | −0.040% | $399K | $159K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 94.330 | −0.015% | $4.7M | $6.2M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0151% / S +0.0022% | 1h | 94.326 | −0.018% | $1.4M | — | 100x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.610 | +0.282% | $31K | $339K | 12x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0227% | 1h | 94.370 | +0.028% | $7.5M | $4.3M | 50x | as long as short |
| Reya HYPERUSDPERPshort | +0.0272% | 1h | 94.249 | −0.101% | $78K | $129K | 15x | |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.264 | −0.085% | $16.9M | $12.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0412% | 1h | 94.354 | +0.011% | $20.2M | $30.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 94.310 | −0.036% | $3.2M | $6.4M | 20x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Bitget HYPEUSDT
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Arcus HYPE-USD
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
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
Bulk HYPE-USD
Kalshi KXHYPEPERP
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
RISEx HYPE/USDC