Funding you earn now, next payment 04:00 UTC−0.0162%/8h= −17.8% APRnext payment −$0.20 per $10,000 · paid last 24h −0.031%
Price spread now: Bulk against Reya−0.002%7-day average +0.059% · 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)−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.258%−$26 · spread now −0.002%, 7d avg +0.059%
=Together, before fees−0.259%+ Points / potential airdropReya: Active · farm board−$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bulk is 0.060% cheaper against Reya than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 92.703 | 0.0262 | pay 0.0033% / 1h | 16m 11s | $79K | $132K | 15x |
| Short | Bulk HYPE-USD | 92.701 | 0.0100 | get 0.0013% / 1h | 16m 11s | $202K | $13K | 10x |
Reya HYPERUSDPERP
Bulk HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$34.09
- Price spread: −0.002% → +0.059%
- −$6.01
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$53.1
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Bulk: live order book, 43 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 Bulk live order book, 43 min ago | 1.08 bp | 4.9 bp −$5 | 6.3 bp −$63 | 12.0 bp −$1,198 | 35.1 bp −$17.5K |
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 | 92.663 | −0.043% | $1.1M | $3.9M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0256% | 1h | 92.657 | −0.049% | $194K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0246% | 1h | 92.707 | +0.004% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.724 | +0.023% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0065% | 4h | 92.678 | −0.027% | $157K | $666K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0016% | 1h | 92.740 | +0.040% | $86K | $361K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.770 | +0.073% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.707 | +0.005% | $22K | $304K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.725 | +0.024% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0028% | 8h | 92.728 | +0.027% | $12.5M | $2.7M | 50x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps HYPE-USD.P | +0.0033% | 1h | 92.660 | −0.046% | $697K | $1.1M | 10x | as long as short |
| BingX HYPE-USDT | +0.0038% | 4h | 92.681 | −0.023% | — | $53.4M | — | as long as short |
| Bullet HYPE-USD | +0.0041% | 1h | 92.678 | −0.027% | $110K | $578K | 20x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.817 | +0.123% | $210K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0044% | 4h | 92.707 | +0.005% | $8.7M | $36.2M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0045% | 8h | 92.670 | −0.035% | $316.4M | $281.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0090% | 8h | 92.685 | −0.019% | $113.6M | $303.7M | 50x | as long as short |
| Gate HYPE_USDT | +0.0090% | 4h | 92.673 | −0.032% | $44.5M | $55.3M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 92.737 | +0.037% | $338K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.709 | +0.007% | $16.0M | $62.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.713 | +0.011% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.709 | +0.007% | $69K | $1.1M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.710 | +0.008% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.709 | +0.006% | $7.1M | $45.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.733 | +0.033% | $2.02B | $663.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.741 | +0.041% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.684 | −0.020% | $372.3M | $902.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.704 | +0.001% | $87.4M | $80.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.706 | +0.004% | $45.9M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.713 | +0.011% | $224.4M | $98.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.681 | −0.023% | $7.3M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.669 | −0.037% | $28.7M | $57.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.808 | +0.114% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.760 | +0.062% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.701 | −0.002% | $666K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.769 | +0.072% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.729 | +0.028% | $469K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.677 | −0.028% | $78K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.691 | −0.013% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.702 | −0.001% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.704 | +0.001% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.875 | +0.186% | $1.4M | $6.2M | 75x | as long as short |
| Bulk HYPE-USDshort | +0.0100% | 1h | 92.701 | −0.002% | $202K | $13K | 10x | |
| Extended HYPE-USD | +0.0104% | 1h | 92.678 | −0.026% | $18.1M | $43.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.707 | +0.005% | $392K | $164K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0110% | 4h | 92.754 | +0.055% | $5.0M | $29.6M | 30x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 93.000 | +0.321% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.750 | +0.051% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0236% | 8h | 92.830 | +0.137% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERPlong | +0.0262% | 1h | 92.703 | long leg | $79K | $132K | 15x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.706 | +0.004% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0332% | 1h | 92.771 | +0.074% | $20.6M | $30.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.733 | +0.033% | $16.7M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0354% | 1h | 92.793 | +0.097% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.778 | +0.081% | $3.2M | $6.4M | 20x | as long as short |
Ondo Perps HYPE-USD.P
BingX HYPE-USDT
Bullet HYPE-USD
Phoenix HYPE
Aster HYPEUSDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC