HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0171%/8h= −18.7% APRnext payment −$0.21 per $10,000 · paid last 24h −0.039%

Price spread now: ApeX Omni against Reya+0.045%63s7-day average +0.016% · you sell dearer than you buy

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

Long on Reya Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.045%, 7d avg +0.016%

Together, before fees−0.200%+ Points / potential airdropReya: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.028% dearer against Reya than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of +0.016%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 3 days (−0.010% in total) that is about 10 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya HYPERUSDPERP	93.594	0.0271	pay 0.0034% / 1h	43m 43s	$77K	$130K	15x
Short	ApeX Omni HYPEUSDT	93.636	0.0100	get 0.0013% / 1h	43m 43s	$347K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ApeX OmnibpOrdersPrice spread, now +0.045%Rate

Funding earned: −$35.89
Price spread: +0.045% → +0.016%: $2.84
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$49.05
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 5 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 ApeX Omni live order book, 5 min ago	2.62 bp	9.3 bp −$9	12.3 bp −$123	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.

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	−0.1080%	1h	93.595	+0.001%	$198K	$241K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0218%	1h	93.728	+0.143%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0130%	1h	93.600	+0.006%	$705K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.575	−0.020%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0065%	1h	93.617	+0.024%	$111K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.685	+0.097%	$87K	$371K	20x	as long as short
Bluefin HYPE-PERP	−0.0034%	1h	93.605	+0.012%	$79K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0021%	4h	93.574	−0.021%	$145K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.695	+0.107%	$128K	$29K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.735	+0.151%	$1.8M	$5.6M	2.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.679	+0.091%	$20K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.651	+0.061%	$63K	—	150x	as long as short
BingX HYPE-USDT	+0.0006%	4h	93.507	−0.093%	—	$53.7M	—	as long as short
Bybit HYPEUSDT	+0.0007%	8h	93.490	−0.111%	$315.8M	$288.5M	75x	as long as short
Phoenix HYPE	+0.0017%	1h	93.654	+0.064%	$209K	$1.1M	10x	as long as short
Derive HYPE-PERP	+0.0024%	1h	93.547	−0.050%	$16.3M	$7.4M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.528	−0.071%	$225.5M	$99.7M	75x	as long as short
Phemex HYPEUSDT	+0.0075%	8h	93.630	+0.038%	$12.8M	$2.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0081%	8h	93.674	+0.085%	$335K	$161K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.629	+0.037%	$1.0M	$4.0M	10x	as long as short
edgeX HYPEUSDC	+0.0087%	4h	93.627	+0.035%	$5.0M	$30.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.518	−0.081%	$16.1M	$63.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.571	−0.025%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.660	+0.070%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.690	+0.103%	$22K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.645	+0.055%	$7.4M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.609	+0.016%	$2.05B	$683.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.553	−0.044%	$8.8M	$37.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.671	+0.082%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.512	−0.088%	$374.8M	$931.3M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.497	−0.104%	$115.5M	$315.8M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.506	−0.094%	$48.3M	$55.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.501	−0.099%	$89.9M	$83.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.538	−0.060%	$46.2M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.593	−0.001%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.579	−0.016%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.664	+0.075%	$7.5M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDTshort	+0.0100%	1h	93.636	+0.045%	$347K	$1.0M	50x
StandX HYPE-USD	+0.0100%	1h	93.613	+0.020%	$678K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.692	+0.105%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.650	+0.060%	$470K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.638	+0.047%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.566	−0.030%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.776	+0.194%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.731	+0.146%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.473	−0.129%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.589	−0.006%	$396K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.710	+0.124%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.520	−0.079%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERPlong	+0.0271%	1h	93.594	long leg	$77K	$130K	15x
Deribit HYPE_USDC-PERPETUAL	+0.0295%	1h	93.670	+0.081%	$7.4M	$4.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.641	+0.050%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.686	+0.098%	$17.0M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0415%	1h	93.664	+0.075%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.703	+0.116%	$3.2M	$6.4M	20x	as long as short