ME

Alert: funding

Alert: spread

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

Price spread now: Hyperliquid against Reya−0.040%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hyperliquid is 0.040% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MERUSDPERP	0.07651	0.0228	pay 0.0028% / 1h	59m 01s	$27K	—	15x
Short	Hyperliquid ME	0.07648	0.0100	get 0.0013% / 1h	59m 01s	$238K	$133K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$26.83
Price spread: −0.040% → 0.000%: −$4.03
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$45.86
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 40 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 Hyperliquid live order book, 40 min ago	2.00 bp	doesn't fit	doesn't fit	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.

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	+0.0077%	4h	0.07608	−0.563%	$106K	$9K	50x	as long as short
Hyperliquid MEshort	+0.0100%	1h	0.07648	−0.040%	$238K	$133K	3x
Aster MEUSDT	+0.0100%	4h	0.07657	+0.072%	$13K	$22K	5x	as long as short
Binance MEUSDT	+0.0100%	4h	0.07657	+0.074%	$2.2M	$4.3M	50x	as long as short
Bybit MEUSDT	+0.0100%	4h	0.07658	+0.090%	$1.6M	$858K	25x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07645	−0.080%	$481K	$1.3M	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07650	−0.014%	$199K	$80K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07649	−0.027%	$509K	$125K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07639	−0.158%	$218K	$34K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07653	+0.025%	$665K	$429K	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	0.07654	+0.038%	—	$1.3M	—	as long as short
Variational Omni ME	+0.0100%	4h	0.07602	−0.647%	$8K	$5K	—	as long as short
Reya MERUSDPERPlong	+0.0228%	1h	0.07651	long leg	$27K	—	15x