Funding you earn now, next payment 04:00 UTC+0.0201%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h +0.046%
Price spread now: Hyperliquid 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
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 airdropReya: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.055% dearer against Reya than usual: you sell high and buy low: +$6 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 | Reya SRUSDPERP | 0.04051 | −0.0101 | get 0.0013% / 1h | 42m 22s | $4 | — | 15x |
| Short | Hyperliquid S | 0.04053 | 0.0100 | get 0.0013% / 1h | 42m 22s | $1.0M | $551K | 5x |
Reya SRUSDPERP
Hyperliquid SFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $42.26
- Price spread: +0.055% → 0.000%
- $5.55
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $32.8
- Costs to cover
- 0.150%
- Break-even
- 1.6 days
Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 8 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, 8 min ago | 1.35 bp | 18.7 bp −$19 | 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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.9016% | 1h | 0.03970 | −2.001% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2509% | 1h | 0.04069 | +0.438% | $34K | $13K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1376% | 1h | 0.04022 | −0.717% | $48K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04076 | +0.621% | $1K | — | 100x | as long as short |
| Reya SRUSDPERPlong | −0.0101% | 1h | 0.04051 | long leg | $4 | — | 15x | |
| ApeX Omni SUSDT | −0.0088% | 1h | 0.04070 | +0.468% | $25K | $455K | 50x | as long as short |
| Variational Omni S | −0.0058% | 4h | 0.04063 | +0.289% | $630K | $31K | — | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04056 | +0.121% | $3K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +1.208% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0060% | 4h | 0.04055 | +0.097% | $101K | $304K | 10x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
ApeX Omni SUSDT
Variational Omni S
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDCShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter S | +0.0096% | 1h | 0.04076 | +0.616% | $172K | $154K | 5x | as long as short |
| Hyperliquid Sshort | +0.0100% | 1h | 0.04053 | +0.055% | $1.0M | $551K | 5x | |
| Aster SUSDT | +0.0100% | 4h | 0.04054 | +0.077% | $44K | $130K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04054 | +0.065% | $5.6M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04049 | −0.051% | $5.8M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04057 | +0.147% | $1.1M | $3.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04051 | −0.001% | $332K | $187K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04054 | +0.073% | $3.9M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04054 | +0.073% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04057 | +0.147% | $1.2M | $2.1M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04052 | +0.023% | — | $6.7M | — | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04052 | +0.016% | $233K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04074 | +0.566% | $284K | $98K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0487% | 1h | 0.04076 | +0.616% | $69K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1075% | 1h | 0.04080 | +0.715% | $119K | $398K | 5x | as long as short |
Lighter S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP