Funding you earn now, next payment 05:00 UTC−0.0171%/8h= −18.8% APRpaid last 24h −0.030%
Price spread now: Paradex against Reya+0.162%47s7-day average +0.031% · 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)−0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.405%−$40 · spread now +0.162%, 7d avg +0.031%
=Together, before fees−0.408%+ Points / potential airdropReya: Active · Paradex: Active · farm board−$41 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Paradex is 0.131% dearer against Reya than usual: you sell high and buy low (spread +0.162% now, against its 7-day average of +0.031%): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 3 days (−0.003% in total) that is about 5 months. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 93.211 | 0.0267 | pay 0.0033% / 1h | 6m 39s | $80K | $131K | 15x |
| Short | Paradex HYPE-USD-PERP | 93.363 | 0.0095 | get 0.0095% / 8h | 3h 06m | $340K | $162K | 20x |
Reya HYPERUSDPERP
Paradex HYPE-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$35.99
- Price spread: +0.162% → +0.031%
- $13.11
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$32.88
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Paradex: live order book, 47 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 Paradex live order book, 47 min ago | 1.18 bp | 3.2 bp −$3 | 6.7 bp −$67 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1840% | 1h | 93.067 | −0.155% | $194K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0321% | 1h | 93.108 | −0.112% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 93.316 | +0.112% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.241 | +0.032% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0049% | 4h | 93.218 | +0.007% | $146K | $670K | 20x | as long as short |
| Bullet HYPE-USD | −0.0007% | 1h | 93.186 | −0.028% | $111K | $578K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.329 | +0.126% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.250 | +0.042% | $22K | $293K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.237 | +0.027% | $62K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0006% | 1h | 93.270 | +0.063% | $702K | $1.2M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Ondo Perps HYPE-USD.PShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange HYPEUSD | +0.0016% | 1h | 93.283 | +0.077% | $87K | $365K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0022% | 8h | 93.195 | −0.018% | $12.6M | $2.7M | 50x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.132 | −0.085% | $209K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0030% | 8h | 93.330 | +0.127% | $318.0M | $284.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0030% | 4h | 93.338 | +0.136% | $225.8M | $98.8M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0056% | 1h | 93.257 | +0.049% | $76K | $1.1M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0080% | 4h | 93.063 | −0.159% | $4.9M | $29.8M | 30x | as long as short |
| Gate HYPE_USDT | +0.0086% | 4h | 93.298 | +0.093% | $45.7M | $55.0M | 75x | as long as short |
| Paradex HYPE-USD-PERPshort | +0.0095% | 8h | 93.363 | +0.162% | $340K | $162K | 20x | |
| Lighter HYPE | +0.0096% | 1h | 93.341 | +0.139% | $16.1M | $62.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.344 | +0.142% | $3.1M | $11.7M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.230 | +0.020% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.250 | +0.042% | $6.9M | $46.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.355 | +0.154% | $2.03B | $664.6M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.332 | +0.129% | $8.7M | $36.3M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.368 | +0.168% | $10.1M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.331 | +0.128% | $374.5M | $909.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.346 | +0.144% | $114.5M | $306.1M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.125 | −0.093% | $203K | $3K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.334 | +0.131% | $91.9M | $81.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.333 | +0.130% | $46.2M | $18.5M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.291 | +0.085% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.278 | +0.071% | $7.3M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.028 | −0.197% | $28.6M | $56.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.054 | −0.169% | $7.5M | $46.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.080 | −0.141% | $341K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.136 | −0.081% | $666K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.279 | +0.073% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.271 | +0.064% | $489K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.243 | +0.034% | $79K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.222 | +0.012% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.288 | +0.082% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.243 | +0.034% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.379 | +0.180% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.263 | +0.056% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.245 | +0.036% | $394K | $164K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0128% | 8h | 93.316 | +0.112% | $1.8M | $5.5M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.260 | +0.052% | $4.7M | $5.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0196% | 1h | 93.325 | +0.122% | $20.8M | $29.4M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.410 | +0.213% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERPlong | +0.0267% | 1h | 93.211 | long leg | $80K | $131K | 15x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.231 | +0.021% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.196 | −0.017% | $16.8M | $11.9M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0458% | 1h | 93.324 | +0.121% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 93.319 | +0.115% | $3.2M | $6.2M | 20x | as long as short |
01 Exchange HYPEUSD
Phemex HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
Bitget HYPEUSDT
Popdex HYPEUSDT
edgeX HYPEUSDC
Gate HYPE_USDT
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
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
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC