HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0259%/8h= −28.3% APRnext payment −$0.32 per $10,000 · paid last 24h −0.045%

Price spread now: Ondo Perps against Reya−0.073%7-day average −0.075% · you buy dearer than you sell

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

Long on Reya Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.061%−$6 on $10k

Price spread, last 3 days (all we have)−0.260%−$26 · spread now −0.073%, 7d avg −0.075%

Together, before fees−0.321%+ Points / potential airdropReya: Active · Ondo Perps: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.075%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.061% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya HYPERUSDPERP	94.089	0.0248	pay 0.0031% / 1h	39m 20s	$77K	$142K	15x
Short	Ondo Perps HYPE-USD.P	94.020	−0.0010	pay 0.0001% / 1h	39m 20s	$704K	$909K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$54.36
Price spread: −0.073% → −0.075%: $0.17
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$65.19
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—

Reya and Ondo Perps: 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	−0.0632%	1h	94.113	+0.026%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0410%	1h	94.095	+0.007%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.976	−0.120%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.098	+0.010%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.Pshort	−0.0010%	1h	94.020	−0.073%	$704K	$909K	10x
dYdX HYPE-USD	0.0000%	1h	94.120	+0.034%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.061	−0.030%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.100	+0.012%	$27K	—	150x	as long as short
01 Exchange HYPEUSD	+0.0008%	1h	94.057	−0.034%	$87K	$365K	20x	as long as short
Orderly PERP_HYPE_USDC	+0.0008%	4h	94.079	−0.010%	$164K	$579K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix HYPE	+0.0009%	1h	94.116	+0.029%	$215K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	94.064	−0.026%	$323.9M	$282.7M	75x	as long as short
Aster HYPEUSDT	+0.0037%	4h	94.084	−0.005%	$8.9M	$35.9M	300x	as long as short
Phemex HYPEUSDT	+0.0059%	8h	94.071	−0.019%	$12.8M	$2.6M	50x	as long as short
Derive HYPE-PERP	+0.0063%	1h	94.015	−0.078%	$16.5M	$7.1M	10x	as long as short
MEXC HYPE_USDT	+0.0070%	4h	94.088	−0.001%	$88.9M	$81.2M	100x	as long as short
Binance HYPEUSDT	+0.0071%	4h	94.076	−0.013%	$385.1M	$891.4M	75x	as long as short
edgeX HYPEUSDC	+0.0076%	4h	94.051	−0.040%	$5.1M	$29.8M	30x	as long as short
Gate HYPE_USDT	+0.0078%	4h	94.065	−0.025%	$44.6M	$58.7M	75x	as long as short
Lighter HYPE	+0.0096%	1h	94.114	+0.027%	$19.0M	$59.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.110	+0.023%	$3.1M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.062	−0.028%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.074	−0.016%	$400K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.087	−0.002%	$342K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.090	+0.002%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.064	−0.027%	$5.7M	$44.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.099	+0.011%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.064	−0.026%	$116.0M	$319.9M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.085	−0.004%	$47.2M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.097	+0.009%	$227.9M	$102.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.079	−0.010%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.075	−0.014%	$7.9M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.033	−0.059%	$31.4M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.098	+0.011%	$7.6M	$45.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.049	−0.042%	$335K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.077	−0.012%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.118	+0.032%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.106	+0.019%	$492K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	94.061	−0.029%	$112K	$579K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.084	−0.005%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.122	+0.036%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.063	−0.027%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.120	+0.033%	$205K	$7K	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+0.342%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.033	−0.059%	$18.4M	$42.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0132%	8h	94.169	+0.085%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.150	+0.065%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0226%	4h	94.224	+0.144%	$1.5M	$7.8M	75x	as long as short
Reya HYPERUSDPERPlong	+0.0248%	1h	94.089	long leg	$77K	$142K	15x
RISEx HYPE/USDC	+0.0284%	1h	94.118	+0.031%	$2.8M	$6.9M	20x	as long as short
BloFin HYPE-USDT	+0.0296%	4h	94.070	−0.020%	$17.0M	$12.7M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	94.094	+0.006%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0388%	1h	94.175	+0.092%	$7.4M	$4.6M	50x	as long as short
Hyperliquid HYPE	+0.0435%	1h	94.161	+0.077%	$2.05B	$667.0M	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0576%	1h	94.176	+0.093%	$21.0M	$29.2M	50x	as long as short