Funding you earn now, next payment 03:00 UTC−0.0164%/8h= −17.9% APRnext payment −$0.20 per $10,000 · paid last 24h −0.030%
Price spread now: Lighter RH against Reya+0.001%7-day average +0.027% · 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)−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.486%−$49 · spread now +0.001%, 7d avg +0.027%
=Together, before fees−0.490%+ Points / potential airdropReya: Active · Lighter RH: Points live · farm board−$49 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 Lighter RH is 0.026% cheaper against Reya than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 92.624 | 0.0260 | pay 0.0032% / 1h | 3m 12s | $79K | $140K | 15x |
| Short | Lighter RH HYPE | 92.625 | 0.0096 | get 0.0012% / 1h | 3m 12s | $3.1M | $11.7M | 20x |
Reya HYPERUSDPERP
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$34.34
- Price spread: +0.001% → +0.027%
- −$2.61
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$42.95
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Lighter RH: live order book, 6 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 Lighter RH live order book, 6 min ago | 1.02 bp | 2.5 bp −$2 | 3.4 bp −$34 | 24.1 bp −$2,414 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0899% | 1h | 92.466 | −0.171% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0872% | 1h | 92.840 | +0.233% | $195K | $227K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0128% | 1h | 92.530 | −0.102% | $698K | $1.1M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.572 | −0.057% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0070% | 1h | 92.996 | +0.402% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 92.607 | −0.019% | $86K | $349K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0056% | 4h | 92.606 | −0.020% | $158K | $663K | 20x | as long as short |
| Bullet HYPE-USD | −0.0006% | 1h | 92.622 | −0.003% | $111K | $579K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.610 | −0.015% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.618 | −0.006% | $23K | $310K | 10x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPEShow 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 | 92.662 | +0.040% | $61K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0003% | 4h | 92.630 | +0.006% | $8.7M | $36.1M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.003 | +0.409% | $211K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0037% | 4h | 92.630 | +0.006% | — | $53.1M | — | as long as short |
| Bybit HYPEUSDT | +0.0044% | 8h | 92.604 | −0.022% | $318.1M | $278.5M | 75x | as long as short |
| Gate HYPE_USDT | +0.0044% | 4h | 92.627 | +0.003% | $44.5M | $56.2M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0057% | 8h | 92.660 | +0.038% | $12.5M | $2.7M | 50x | as long as short |
| Derive HYPE-PERP | +0.0066% | 1h | 92.597 | −0.029% | $16.1M | $7.5M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0073% | 8h | 92.601 | −0.025% | $113.3M | $299.7M | 50x | as long as short |
| Binance HYPEUSDT | +0.0085% | 4h | 92.604 | −0.022% | $374.6M | $889.0M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0086% | 4h | 92.624 | 0.000% | $87.9M | $81.7M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 92.559 | −0.071% | $338K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.632 | +0.008% | $16.1M | $62.5M | 20x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 92.625 | +0.001% | $3.1M | $11.7M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.627 | +0.003% | $68K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 92.600 | −0.026% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.589 | −0.038% | $5.8M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.712 | +0.095% | $2.02B | $656.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.584 | −0.044% | $10.0M | $14.8M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.640 | +0.017% | $45.8M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.633 | +0.009% | $223.8M | $97.2M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.867 | +0.262% | $7.4M | $10.0M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.797 | +0.186% | $31.2M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.816 | +0.207% | $7.5M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.850 | +0.244% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.861 | +0.255% | $664K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.713 | +0.096% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.654 | +0.032% | $468K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.610 | −0.016% | $78K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.647 | +0.024% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.639 | +0.016% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.810 | +0.200% | $202K | $13K | 10x | as long as short |
| edgeX HYPEUSDC | +0.0102% | 4h | 92.791 | +0.180% | $5.0M | $29.0M | 30x | as long as short |
| HTX HYPE-USDT | +0.0103% | 4h | 92.744 | +0.129% | $1.4M | $6.1M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.617 | −0.008% | $18.3M | $43.0M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.615 | −0.010% | $394K | $162K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 92.640 | +0.017% | $4.7M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERPlong | +0.0260% | 1h | 92.624 | long leg | $79K | $140K | 15x | |
| Kalshi KXHYPEPERP | +0.0267% | 8h | 92.841 | +0.234% | $1.8M | $5.4M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0325% | 4h | 92.618 | −0.007% | $16.8M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0156% | 1h | 92.666 | +0.045% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0451% | 1h | 92.740 | +0.125% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 92.689 | +0.070% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.390 | +0.827% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0690% | 1h | 92.698 | +0.079% | $20.6M | $30.2M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
Phemex HYPEUSDT
Derive HYPE-PERP
OKX HYPE-USDT-SWAP
Binance HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
Lighter HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
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
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
edgeX HYPEUSDC
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD