Funding you earn now, next payment 04:00 UTC−0.1272%/8h= −139.3% APRnext payment −$1.59 per $10,000 · paid last 24h −0.373%
Price spread now: Reya against Hyperliquid−0.105%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 against this trade now: funding costs −$38 a day on $10k at the current rate, and Reya is 0.105% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 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 | Hyperliquid POPCAT | 0.05639 | 0.1044 | pay 0.0131% / 1h | 16m 54s | $2.6M | $1.0M | 3x |
| Short | Reya POPCATRUSDPERP | 0.05633 | −0.0228 | pay 0.0029% / 1h | 16m 54s | $1 | — | 10x |
Hyperliquid POPCAT
Reya POPCATRUSDPERPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$267.21
- Price spread: −0.105% → 0.000%
- −$10.49
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$292.7
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 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, 4 min ago | 2.57 bp | 22.9 bp −$23 | 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.
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.4247% | 1h | 0.05544 | −1.685% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERPshort | −0.0228% | 1h | 0.05633 | −0.105% | $1 | — | 10x | |
| Variational Omni POPCAT | −0.0062% | 4h | 0.05625 | −0.240% | $508K | $163K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05632 | −0.124% | $101K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05626 | −0.231% | $2.4M | $7.0M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05621 | −0.319% | $8.8M | $6.4M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05626 | −0.231% | $695K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05625 | −0.248% | $444K | $636K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05639 | 0.000% | $1.8M | $968K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05624 | −0.266% | $1.1M | $981K | 50x | as long as short |
Injective POPCAT/USDC PERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05632 | −0.124% | $1.2M | $937K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05629 | −0.177% | — | $1.6M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05640 | +0.018% | $22K | $650K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05628 | −0.195% | $96K | $525K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0200% | 4h | 0.05641 | +0.035% | $249K | $502K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05635 | −0.071% | $126K | $328K | 50x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0575% | 1h | 0.05633 | −0.101% | $150K | $146K | 20x | as long as short |
| Hyperliquid POPCATlong | +0.1044% | 1h | 0.05639 | long leg | $2.6M | $1.0M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDC
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT
Kraken Futures PF_POPCATUSD