Funding you earn now, next payment 04:00 UTC+0.0331%/8h= +36.2% APRpaid last 24h +0.077%
Price spread now: Reya against Orderly+0.017%7-day average −0.019% · 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)+0.061%+$6 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.017%, 7d avg −0.019%
=Together, before fees+0.063%+ Points / potential airdropReya: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Reya is 0.036% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.019%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.061% in total (about 6.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_HYPE_USDC | 92.353 | −0.0070 | get 0.0035% / 4h | 39m 48s | $157K | $663K | 20x |
| Short | Reya HYPERUSDPERP | 92.369 | 0.0261 | get 0.0033% / 1h | 39m 48s | $79K | $138K | 15x |
Orderly PERP_HYPE_USDC
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Orderly. 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
- $69.42
- Price spread: +0.017% → −0.019%
- $3.59
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $61.01
- Costs to cover
- 0.120%
- Break-even
- 0.8 days
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
Orderly and 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.261 | −0.100% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0472% | 1h | 92.299 | −0.059% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0170% | 1h | 92.346 | −0.008% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0112% | 1h | 92.420 | +0.073% | $85K | $355K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.408 | +0.060% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDClong | −0.0070% | 4h | 92.353 | long leg | $157K | $663K | 20x | |
| Bullet HYPE-USD | −0.0054% | 1h | 92.361 | +0.009% | $110K | $579K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.401 | +0.052% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.400 | +0.051% | $22K | $310K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.387 | +0.037% | $61K | — | 150x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0003% | 4h | 92.392 | +0.042% | $8.7M | $36.4M | 300x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0010% | 1h | 92.340 | −0.014% | $695K | $1.1M | 10x | as long as short |
| BingX HYPE-USDT | +0.0030% | 4h | 92.380 | +0.029% | — | $53.3M | — | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.246 | −0.116% | $209K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0052% | 8h | 92.360 | +0.008% | $315.9M | $281.3M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0054% | 8h | 92.392 | +0.042% | $12.5M | $2.7M | 50x | as long as short |
| Gate HYPE_USDT | +0.0058% | 4h | 92.367 | +0.015% | $44.3M | $54.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0079% | 8h | 92.343 | −0.011% | $113.0M | $302.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0080% | 4h | 92.371 | +0.019% | $87.1M | $80.5M | 100x | as long as short |
| Derive HYPE-PERP | +0.0084% | 1h | 92.342 | −0.012% | $16.0M | $7.5M | 10x | as long as short |
| Binance HYPEUSDT | +0.0085% | 4h | 92.359 | +0.006% | $370.2M | $900.6M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0089% | 4h | 92.287 | −0.071% | $4.9M | $29.5M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0092% | 8h | 92.430 | +0.084% | $338K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.386 | +0.036% | $16.0M | $62.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.381 | +0.030% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.412 | +0.064% | $68K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.380 | +0.029% | $39K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.385 | +0.035% | $6.7M | $44.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.424 | +0.077% | $2.01B | $663.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.408 | +0.059% | $10.0M | $15.0M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.245 | −0.117% | $201K | $13K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.368 | +0.016% | $45.8M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.382 | +0.031% | $224.1M | $98.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.360 | +0.008% | $7.3M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.258 | −0.103% | $28.3M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.209 | −0.156% | $7.5M | $45.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.186 | −0.181% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.275 | −0.084% | $662K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.404 | +0.055% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.390 | +0.040% | $475K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.354 | +0.001% | $78K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.408 | +0.060% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.368 | +0.016% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.515 | +0.175% | $1.4M | $6.2M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.358 | +0.005% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.371 | +0.019% | $391K | $164K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 93.000 | +0.701% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.420 | +0.073% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0255% | 8h | 92.401 | +0.052% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERPshort | +0.0261% | 1h | 92.369 | +0.017% | $79K | $138K | 15x | |
| BloFin HYPE-USDT | +0.0321% | 4h | 92.305 | −0.052% | $16.7M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0154% | 1h | 92.374 | +0.022% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0333% | 1h | 92.439 | +0.093% | $20.5M | $30.5M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0453% | 1h | 92.470 | +0.127% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.482 | +0.139% | $3.1M | $6.4M | 20x | as long as short |
Aster HYPEUSDT
Ondo Perps HYPE-USD.P
BingX HYPE-USDT
Phoenix HYPE
Bybit HYPEUSDT
Phemex HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Derive HYPE-PERP
Binance HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC