HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h −0.047%

Price spread now: Polymarket Perps against Reya+0.055%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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 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 · farm boardneeds both histories

The price spread pays, funding is against you. Polymarket Perps is 0.055% dearer against Reya than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya HYPERUSDPERP	94.796	0.0268	pay 0.0033% / 1h	45m 50s	$84K	$90K	15x
Short	Polymarket Perps HYPE-USD	94.849	0.0100	get 0.0013% / 1h	45m 50s	$491K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$35.27
Price spread: +0.055% → 0.000%: $5.54
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$43.73
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Polymarket Perps: live order book, 1 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 Polymarket Perps live order book, 1 min ago	0.63 bp	4.6 bp −$5	6.3 bp −$63	11.2 bp −$1,117	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 exchanges

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
Kraken Futures PF_HYPEUSD	−0.0282%	1h	94.812	+0.017%	$18.2M	$32.3M	50x	as long as short
ApeX Omni HYPEUSDT	−0.0262%	1h	94.636	−0.169%	$322K	$924K	50x	as long as short
Phemex HYPEUSDT	−0.0243%	8h	94.762	−0.036%	$12.9M	$2.2M	50x	as long as short
Bluefin HYPE-PERP	−0.0231%	1h	94.750	−0.049%	$79K	$131K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0200%	1h	94.870	+0.078%	$676K	$1.3M	10x	as long as short
Lighter HYPE	−0.0104%	1h	94.776	−0.021%	$16.5M	$55.4M	20x	as long as short
Aster HYPEUSDT	−0.0100%	4h	94.828	+0.033%	$9.0M	$34.6M	300x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	94.858	+0.065%	$102K	$352K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.894	+0.103%	$3K	$421	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0077%	4h	94.747	−0.052%	$147K	$643K	20x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0074%	4h	94.850	+0.056%	$56.0M	$52.7M	75x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0064%	1h	94.790	−0.007%	$4.7M	$5.4M	50x	as long as short
OKX HYPE-USDT-SWAP	−0.0045%	8h	94.833	+0.039%	$118.8M	$304.5M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0033%	1h	94.912	+0.122%	$22K	$17K	10x	as long as short
Bitget HYPEUSDT	−0.0030%	4h	94.850	+0.056%	$229.8M	$86.0M	75x	as long as short
Phoenix HYPE	−0.0017%	1h	94.778	−0.019%	$199K	$1.1M	10x	as long as short
Derive HYPE-PERP	−0.0011%	1h	94.713	−0.088%	$16.3M	$7.0M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.846	+0.052%	$128K	$96K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.846	+0.052%	$24K	$249K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.809	+0.013%	$99K	—	150x	as long as short
Bullet HYPE-USD	+0.0007%	1h	94.805	+0.009%	$113K	$585K	20x	as long as short
Lighter RH HYPE	+0.0024%	1h	94.793	−0.004%	$3.2M	$9.9M	20x	as long as short
edgeX HYPEUSDC	+0.0027%	4h	94.624	−0.182%	$5.0M	$28.1M	30x	as long as short
MEXC HYPE_USDT	+0.0028%	4h	94.850	+0.056%	$88.4M	$82.8M	100x	as long as short
Bybit HYPEUSDT	+0.0029%	8h	94.847	+0.053%	$320.3M	$263.1M	75x	as long as short
Binance HYPEUSDT	+0.0029%	4h	94.848	+0.054%	$382.0M	$851.9M	75x	as long as short
BingX HYPE-USDT	+0.0034%	4h	94.837	+0.043%	—	$50.3M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0037%	1h	94.784	−0.013%	$6.8M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	94.843	+0.049%	$273K	$1.0M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0056%	1h	94.857	+0.064%	$7.5M	$4.2M	50x	as long as short
SoDEX HYPE-USD	+0.0063%	1h	94.793	−0.004%	$2.1M	$335K	10x	as long as short
KuCoin HYPEUSDTM	+0.0082%	4h	94.803	+0.007%	$47.3M	$17.8M	75x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	94.772	−0.026%	$401K	$125K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	94.846	+0.052%	$338K	$31K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.810	+0.014%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.845	+0.051%	$7.2M	$50.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.929	+0.140%	$2.10B	$643.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.877	+0.085%	$10.2M	$12.8M	20x	as long as short
Arcus HYPE-USD	+0.0100%	1h	94.854	+0.061%	$1.0M	$2.8M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.036	+0.253%	$228K	$20K	10x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.740	−0.060%	$30.0M	$52.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.605	−0.202%	$7.7M	$41.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.936	+0.147%	$690K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.905	+0.115%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USDshort	+0.0100%	1h	94.849	+0.055%	$491K	$2.4M	20x
SunX HYPE-USDT	+0.0100%	4h	94.904	+0.113%	$33K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.898	+0.107%	$1.4M	$5.3M	75x	as long as short
BloFin HYPE-USDT	+0.0104%	4h	94.920	+0.130%	$17.5M	$11.6M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.823	+0.028%	$18.1M	$37.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0119%	8h	94.855	+0.062%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0138%	1h	94.876	+0.084%	$3.1M	$5.2M	20x	as long as short
Reya HYPERUSDPERPlong	+0.0268%	1h	94.796	long leg	$84K	$90K	15x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	94.828	+0.033%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.1032%	1h	95.107	+0.327%	$218K	$288K	7x	as long as short
Injective HYPE/USDC PERP	+0.1234%	1h	95.420	+0.658%	$31K	$334K	12x	as long as short