HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0351%/8h= −38.4% APRnext payment −$0.44 per $10,000 · paid last 24h −0.091%

Price spread now: Hotstuff against Reya+0.031%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.031% dearer against Reya than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya HYPERUSDPERP	93.683	0.0271	pay 0.0034% / 1h	50m 44s	$77K	$130K	15x
Short	Hotstuff HYPE-PERP	93.712	−0.0080	pay 0.0010% / 1h	50m 44s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$73.64
Price spread: +0.031% → 0.000%: $3.09
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$81.55
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hotstuff: 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 Hotstuff no order-book sample	—	—	—	—	—

Reya and Hotstuff: 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	−0.1160%	1h	93.719	+0.038%	$199K	$242K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0263%	1h	93.883	+0.214%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0109%	1h	93.630	−0.057%	$706K	$1.2M	10x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	93.712	+0.031%	$3K	$331	25x
01 Exchange HYPEUSD	−0.0064%	1h	93.732	+0.052%	$86K	$372K	20x	as long as short
Bullet HYPE-USD	−0.0040%	1h	93.703	+0.021%	$111K	$581K	20x	as long as short
Bluefin HYPE-PERP	−0.0036%	1h	93.694	+0.012%	$79K	$156K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0019%	4h	93.672	−0.012%	$149K	$681K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.734	+0.054%	$129K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.729	+0.049%	$22K	$285K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.737	+0.057%	$63K	—	150x	as long as short
BingX HYPE-USDT	+0.0010%	4h	93.762	+0.084%	—	$53.8M	—	as long as short
Bybit HYPEUSDT	+0.0013%	8h	93.746	+0.067%	$316.7M	$287.6M	75x	as long as short
Phoenix HYPE	+0.0017%	1h	93.780	+0.104%	$210K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.807	+0.132%	$226.0M	$99.5M	75x	as long as short
Phemex HYPEUSDT	+0.0066%	8h	93.752	+0.074%	$12.8M	$2.8M	50x	as long as short
ApeX Omni HYPEUSDT	+0.0074%	1h	93.801	+0.126%	$348K	$1.0M	50x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.681	−0.002%	$1.0M	$4.0M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0086%	8h	93.740	+0.061%	$335K	$161K	20x	as long as short
edgeX HYPEUSDC	+0.0091%	4h	93.758	+0.080%	$5.0M	$30.5M	30x	as long as short
Derive HYPE-PERP	+0.0092%	1h	93.670	−0.014%	$16.3M	$7.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.719	+0.039%	$16.2M	$63.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.711	+0.030%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.724	+0.044%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.700	+0.018%	$23K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.698	+0.017%	$7.4M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.854	+0.182%	$2.05B	$681.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.765	+0.087%	$8.9M	$37.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.735	+0.055%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.754	+0.076%	$375.9M	$930.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.753	+0.075%	$115.8M	$316.5M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.744	+0.065%	$48.4M	$54.9M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.774	+0.097%	$89.0M	$83.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.793	+0.117%	$46.3M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.780	+0.104%	$7.2M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.670	−0.014%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.822	+0.148%	$7.6M	$48.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.767	+0.090%	$679K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.768	+0.090%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.725	+0.045%	$470K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.774	+0.097%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.700	+0.018%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.850	+0.178%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.731	+0.051%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.737	+0.058%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.697	+0.015%	$396K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0106%	8h	93.778	+0.101%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.700	+0.018%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.610	+0.989%	$31K	$339K	12x	as long as short
Reya HYPERUSDPERPlong	+0.0271%	1h	93.683	long leg	$77K	$130K	15x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.736	+0.056%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0337%	1h	93.800	+0.125%	$7.4M	$4.2M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.701	+0.019%	$17.0M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0415%	1h	93.768	+0.091%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.753	+0.075%	$3.2M	$6.4M	20x	as long as short