ME

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.038%

Price spread now: Reya against Hyperliquid+0.105%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on Reya

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 airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.105% dearer against Hyperliquid than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ME	0.07453	0.0100	pay 0.0013% / 1h	33m 48s	$233K	$110K	3x
Short	Reya MERUSDPERP	0.07461	0.0228	get 0.0028% / 1h	33m 48s	$26K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Hyperliquid. 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 HyperliquidbpFee ReyabpOrdersPrice spread, now +0.105%Rate

Funding earned: $26.83
Price spread: +0.105% → 0.000%: $10.55
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: $22.38
Costs to cover: 0.150%
Break-even: 1.2 days

Slippage unknown: Hyperliquid: live order book, 36 min ago; Reya: 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 Hyperliquid live order book, 36 min ago	1.99 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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.

ME on 13 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
BloFin ME-USDT	+0.0081%	4h	0.07479	+0.349%	$109K	$9K	50x	as long as short
Hyperliquid MElong	+0.0100%	1h	0.07453	long leg	$233K	$110K	3x
Aster MEUSDT	+0.0100%	4h	0.07466	+0.172%	$13K	$21K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07454	+0.014%	$2.1M	$4.1M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07460	+0.094%	$1.5M	$811K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07441	−0.161%	$469K	$1.2M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07470	+0.228%	$193K	$73K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07454	+0.013%	$494K	$130K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07474	+0.282%	$214K	$32K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07464	+0.148%	$639K	$437K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ME-USDT	+0.0100%	4h	0.07460	+0.094%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07459	+0.085%	$12K	$2K	—	as long as short
Reya MERUSDPERPshort	+0.0228%	1h	0.07461	+0.105%	$26K	—	15x