Funding you earn now, next payment 07:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h +0.021%
Price spread now: BloFin against Reya+0.032%46s7-day average +0.030% · 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)+0.235%+$23 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.032%, 7d avg +0.030%
=Together, before fees+0.173%+ Points / potential airdropReya: Active · farm board+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 46 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 | 93.722 | 0.0271 | pay 0.0034% / 1h | 53m 42s | $77K | $130K | 15x |
| Short | BloFin HYPE-USDT | 93.752 | 0.0340 | get 0.0170% / 4h | 1h 53m | $17.0M | $12.2M | 75x |
Reya HYPERUSDPERP
BloFin HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Reya. 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
- $14.58
- Price spread: +0.032% → +0.030%
- $0.2
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$3.22
- Costs to cover
- 0.180%
- Break-even
- 8.5 days
Slippage unknown: Reya: no order-book sample; BloFin: 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 BloFin live order book, 5 min ago | 0.37 bp | 6.5 bp −$6 | 8.4 bp −$84 | 15.2 bp −$1,519 | 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 | −0.1200% | 1h | 93.699 | −0.025% | $199K | $243K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0272% | 1h | 93.953 | +0.246% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0162% | 1h | 93.650 | −0.077% | $707K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.750 | +0.030% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.800 | +0.083% | $86K | $372K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0018% | 4h | 93.707 | −0.016% | $149K | $681K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0010% | 1h | 93.757 | +0.037% | $79K | $166K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.815 | +0.099% | $129K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.751 | +0.031% | $22K | $285K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.767 | +0.048% | $63K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Bluefin HYPE-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX HYPE-USDT | +0.0012% | 4h | 93.789 | +0.071% | — | $53.8M | — | as long as short |
| Bybit HYPEUSDT | +0.0015% | 8h | 93.782 | +0.064% | $316.9M | $287.6M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.872 | +0.160% | $209K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.794 | +0.077% | $226.0M | $99.5M | 75x | as long as short |
| Bullet HYPE-USD | +0.0042% | 1h | 93.743 | +0.022% | $111K | $581K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0070% | 8h | 93.781 | +0.063% | $12.8M | $2.8M | 50x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.782 | +0.064% | $1.0M | $4.0M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0088% | 8h | 93.881 | +0.169% | $341K | $158K | 20x | as long as short |
| ApeX Omni HYPEUSDT | +0.0089% | 1h | 93.802 | +0.085% | $348K | $1.0M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0095% | 4h | 93.749 | +0.029% | $5.0M | $30.5M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.815 | +0.099% | $16.2M | $63.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.823 | +0.108% | $3.1M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.796 | +0.079% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.800 | +0.083% | $23K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.757 | +0.037% | $6.7M | $50.6M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.902 | +0.192% | $2.06B | $681.1M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.818 | +0.102% | $8.9M | $37.3M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.826 | +0.111% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.823 | +0.108% | $376.2M | $929.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.780 | +0.062% | $115.8M | $316.7M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.213 | +0.524% | $217K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.791 | +0.074% | $48.4M | $54.9M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.814 | +0.098% | $89.0M | $83.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.806 | +0.090% | $46.3M | $18.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.778 | +0.060% | $7.2M | $10.8M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.759 | +0.039% | $28.7M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.839 | +0.125% | $7.7M | $47.9M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.798 | +0.081% | $679K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.794 | +0.077% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.741 | +0.020% | $469K | $2.8M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.723 | +0.002% | $16.4M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.816 | +0.100% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.740 | +0.019% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.895 | +0.185% | $1.4M | $6.7M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.776 | +0.058% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.735 | +0.014% | $396K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0108% | 8h | 93.730 | +0.009% | $1.8M | $5.6M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.760 | +0.041% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.740 | +0.019% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERPlong | +0.0271% | 1h | 93.722 | long leg | $77K | $130K | 15x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.769 | +0.050% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDTshort | +0.0340% | 4h | 93.752 | +0.032% | $17.0M | $12.2M | 75x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0358% | 1h | 93.843 | +0.129% | $7.4M | $4.2M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0415% | 1h | 93.808 | +0.092% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.852 | +0.138% | $3.2M | $6.4M | 20x | as long as short |
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Bitget HYPEUSDT
Bullet HYPE-USD
Phemex HYPEUSDT
Arcus HYPE-USD
Paradex HYPE-USD-PERP
ApeX Omni HYPEUSDT
edgeX HYPEUSDC
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
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
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
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC