Funding you earn now, next payment 10:00 UTC−0.0759%/8h= −83.1% APRnext payment −$0.95 per $10,000 · paid last 24h −0.008%
Price spread now: Reya against Hyperliquid−0.100%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Reya is 0.100% 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 AERO | 0.7128 | 0.0987 | pay 0.0123% / 1h | 18m 17s | $23.5M | $6.0M | 3x |
| Short | Reya AERORUSDPERP | 0.7121 | 0.0228 | get 0.0029% / 1h | 18m 17s | $20K | $4K | 15x |
Hyperliquid AERO
Reya AERORUSDPERPFunding 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
- −$159.32
- Price spread: −0.100% → 0.000%
- −$9.95
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$184.27
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 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, 8 min ago | 1.13 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.
AERO on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −3.172% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.7120 | −0.114% | $43K | $110K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.7119 | −0.128% | $27.1M | $25.9M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.7118 | −0.142% | $23.6M | $18.6M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.7124 | −0.058% | $2.4M | $5.7M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.7115 | −0.184% | $1.7M | $484K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.7122 | −0.086% | $8.6M | $1.4M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.7116 | −0.170% | $2.2M | $1.2M | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.7116 | −0.170% | $4.2M | $2.0M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.7120 | −0.114% | — | $1.8M | — | as long as short |
Injective AERO/USDC PERP
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDT
BingX AERO-USDTShow all 23 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AERO | +0.0100% | 4h | 0.7117 | −0.155% | $2.0M | $940K | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.7119 | −0.133% | $216K | $1.4M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.7118 | −0.145% | $48K | — | 3x | as long as short |
| Reya AERORUSDPERPshort | +0.0228% | 1h | 0.7121 | −0.100% | $20K | $4K | 15x | |
| Deribit AERO_USDC-PERPETUAL | +0.0312% | 1h | 0.7119 | −0.128% | $57K | $684 | 10x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.7106 | −0.310% | $985K | $595K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0517% / S −0.0233% | 1h | 0.7107 | −0.302% | $93K | — | 100x | as long as short |
| Backpack AERO_USDC_PERP | +0.0599% | 1h | 0.7113 | −0.206% | $103K | $240K | 15x | as long as short |
| 01 Exchange AEROUSD | +0.0704% | 1h | 0.7128 | +0.003% | $193 | $101 | 3x | as long as short |
| RISEx AERO/USDC | +0.0706% | 1h | 0.7120 | −0.117% | $215K | $586K | 3x | as long as short |
| Hyperliquid AEROlong | +0.0987% | 1h | 0.7128 | long leg | $23.5M | $6.0M | 3x | |
| Lighter AERO | +0.1368% | 1h | 0.7132 | +0.059% | $1.3M | $397K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.3888% | 1h | 0.7098 | −0.422% | $89K | $40K | 25x | as long as short |
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Deribit AERO_USDC-PERPETUAL
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
Backpack AERO_USDC_PERP
01 Exchange AEROUSD
RISEx AERO/USDC
Lighter AERO
Coinbase International AERO-PERP-INTX