HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0109%/8h= −11.9% APRnext payment −$0.14 per $10,000 · paid last 24h −0.017%

Price spread now: GMX against Reya+0.016%7-day average +0.039% · you sell dearer than you buy

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

Long on Reya Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.016%, 7d avg +0.039%

Together, before fees+0.184%+ Points / potential airdropReya: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GMX is 0.023% cheaper against Reya than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.039%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya HYPERUSDPERP	92.791	0.0263	pay 0.0033% / 1h	13m 18s	$79K	$131K	15x
Short	GMX HYPE/USD [WBTC.b-USDC]	92.806	L +0.0331% / S −0.0154%	get 0.0019% / 1h	13m 18s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 GMXbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$22.79
Price spread: +0.016% → +0.039%: −$2.34
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$43.13
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; GMX: 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 Reya no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Reya and GMX: 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	92.755	−0.038%	$1.1M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0256%	1h	92.720	−0.076%	$194K	$227K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0251%	1h	92.744	−0.050%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.792	+0.001%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0064%	4h	92.771	−0.021%	$157K	$666K	20x	as long as short
01 Exchange HYPEUSD	−0.0008%	1h	92.825	+0.037%	$87K	$361K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.780	−0.012%	$127K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.795	+0.005%	$22K	$302K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.820	+0.031%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0023%	8h	92.764	−0.029%	$12.5M	$2.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet HYPE-USD	+0.0030%	1h	92.771	−0.021%	$111K	$579K	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0037%	1h	92.720	−0.076%	$697K	$1.1M	10x	as long as short
BingX HYPE-USDT	+0.0038%	4h	92.812	+0.023%	—	$53.4M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.820	+0.032%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0046%	8h	92.770	−0.022%	$316.8M	$281.0M	75x	as long as short
Aster HYPEUSDT	+0.0051%	4h	92.798	+0.008%	$8.7M	$36.2M	300x	as long as short
OKX HYPE-USDT-SWAP	+0.0092%	8h	92.781	−0.010%	$113.7M	$303.6M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	92.817	+0.029%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.799	+0.010%	$16.0M	$62.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.802	+0.012%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.806	+0.017%	$69K	$1.1M	50x	as long as short
Gate HYPE_USDT	+0.0096%	4h	92.793	+0.002%	$44.5M	$55.3M	75x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.780	−0.012%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.803	+0.014%	$7.1M	$45.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.850	+0.064%	$2.02B	$663.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.832	+0.045%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.795	+0.004%	$372.8M	$902.2M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.760	−0.033%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.835	+0.048%	$88.1M	$81.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.821	+0.033%	$46.1M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.788	−0.003%	$224.6M	$98.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.770	−0.022%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.669	−0.131%	$28.7M	$57.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.765	−0.028%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.732	−0.063%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.785	−0.006%	$666K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.838	+0.051%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.822	+0.034%	$469K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.810	+0.021%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.782	−0.009%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.823	+0.035%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.792	+0.001%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.950	+0.172%	$1.4M	$6.2M	75x	as long as short
edgeX HYPEUSDC	+0.0102%	4h	92.706	−0.091%	$5.0M	$29.6M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.776	−0.016%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.795	+0.004%	$392K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.226%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.840	+0.053%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0235%	8h	92.850	+0.064%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERPlong	+0.0263%	1h	92.791	long leg	$79K	$131K	15x
Deribit HYPE_USDC-PERPETUAL	+0.0267%	1h	92.878	+0.094%	$7.5M	$4.5M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0331% / S −0.0154%	1h	92.806	+0.016%	$1.4M	—	100x
Kraken Futures PF_HYPEUSD	+0.0331%	1h	92.850	+0.064%	$20.6M	$30.4M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.775	−0.017%	$16.7M	$11.6M	75x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.870	+0.085%	$3.2M	$6.4M	20x	as long as short