Funding you earn now, next payment 05:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.033%
Price spread now: Reya against Lighter+0.055%7-day average −0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now +0.055%, 7d avg −0.050%
=Together, before fees+0.178%+ Points / potential airdropLighter: Season 3 · Reya: Active · farm board+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Reya is 0.105% dearer against Lighter than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 92.936 | 0.0096 | pay 0.0012% / 1h | 18m 30s | $16.0M | $62.7M | 20x |
| Short | Reya HYPERUSDPERP | 92.988 | 0.0266 | get 0.0033% / 1h | 18m 30s | $79K | $131K | 15x |
Lighter HYPE
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Lighter. 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
- $35.67
- Price spread: +0.055% → −0.050%
- $10.5
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $40.18
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Lighter: 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 Lighter live order book, 6 min ago | 0.64 bp | 1.1 bp −$1 | 3.3 bp −$33 | 12.0 bp −$1,198 | 46.0 bp −$23.0K |
| 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 | −0.1736% | 1h | 92.828 | −0.117% | $194K | $232K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0303% | 1h | 92.869 | −0.073% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.882 | −0.059% | $1.0M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.882 | −0.059% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0055% | 4h | 92.919 | −0.019% | $145K | $674K | 20x | as long as short |
| Bullet HYPE-USD | −0.0010% | 1h | 92.993 | +0.061% | $112K | $577K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.925 | −0.012% | $127K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.975 | +0.042% | $22K | $292K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.017 | +0.086% | $62K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0014% | 1h | 92.840 | −0.104% | $697K | $1.1M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Ondo Perps HYPE-USD.PShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange HYPEUSD | +0.0024% | 1h | 92.926 | −0.011% | $87K | $364K | 20x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.923 | −0.014% | $208K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0031% | 8h | 92.891 | −0.049% | $316.0M | $283.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0042% | 4h | 93.002 | +0.071% | $225.1M | $99.0M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0045% | 8h | 92.942 | +0.006% | $12.6M | $2.7M | 50x | as long as short |
| Popdex HYPEUSDT | +0.0048% | 1h | 92.901 | −0.038% | $76K | $1.1M | 50x | as long as short |
| Gate HYPE_USDT | +0.0078% | 4h | 92.903 | −0.036% | $45.2M | $54.5M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0093% | 4h | 92.807 | −0.139% | $4.9M | $29.6M | 30x | as long as short |
| Lighter HYPElong | +0.0096% | 1h | 92.936 | long leg | $16.0M | $62.7M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 92.943 | +0.007% | $3.1M | $11.6M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0098% | 8h | 92.944 | +0.008% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.900 | −0.039% | $39K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.916 | −0.021% | $7.4M | $46.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.981 | +0.048% | $2.02B | $667.8M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 92.950 | +0.015% | $8.7M | $36.2M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.958 | +0.023% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.915 | −0.023% | $373.9M | $906.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.965 | +0.031% | $113.9M | $304.8M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.709 | −0.245% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.995 | +0.063% | $91.4M | $81.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.904 | −0.035% | $46.2M | $18.5M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.903 | −0.036% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.983 | +0.050% | $7.3M | $11.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.839 | −0.105% | $28.5M | $57.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.866 | −0.075% | $7.5M | $46.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.884 | −0.056% | $341K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.954 | +0.019% | $668K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.007 | +0.076% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.971 | +0.037% | $487K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.925 | −0.012% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.908 | −0.031% | $16.0M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.940 | +0.004% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.944 | +0.008% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.092 | +0.167% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.875 | −0.066% | $18.0M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.931 | −0.006% | $393K | $164K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0128% | 8h | 92.988 | +0.056% | $1.8M | $5.4M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.060 | +0.133% | $4.7M | $5.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 93.019 | +0.089% | $20.7M | $29.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.150 | +0.230% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERPshort | +0.0266% | 1h | 92.988 | +0.055% | $79K | $131K | 15x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.936 | 0.000% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.937 | +0.001% | $16.8M | $11.8M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0417% | 1h | 93.021 | +0.091% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.975 | +0.042% | $3.2M | $6.3M | 20x | as long as short |
01 Exchange HYPEUSD
Phoenix HYPE
Bybit HYPEUSDT
Bitget HYPEUSDT
Phemex HYPEUSDT
Popdex HYPEUSDT
Gate HYPE_USDT
edgeX HYPEUSDC
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
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
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC