HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0399%/8h= +43.7% APRnext payment +$0.50 per $10,000 · paid last 24h +0.107%

Price spread now: Reya against Aftermath Perps−0.136%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Reya

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 · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.136% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 27 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps HYPEUSD	95.248	−0.0130	get 0.0016% / 1h	53m 22s	$22K	$17K	10x
Short	Reya HYPERUSDPERP	95.118	0.0270	get 0.0034% / 1h	53m 22s	$85K	$96K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aftermath Perps. 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 Aftermath PerpsbpFee ReyabpOrdersPrice spread, now −0.136%Rate

Funding earned: $83.83
Price spread: −0.136% → 0.000%: −$13.59
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: $55.24
Costs to cover: 0.150%
Break-even: 2.4 days

Slippage unknown: Aftermath Perps: no order-book sample; 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Aftermath Perps and 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.

HYPE on 54 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
Hibachi HYPE/USDT-P	−0.1208%	1h	95.237	−0.011%	$213K	$261K	7x	as long as short
Phemex HYPEUSDT	−0.0283%	8h	95.208	−0.041%	$13.0M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.169	−0.082%	$18.5M	$35.2M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0160%	1h	95.160	−0.092%	$690K	$1.3M	10x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.153	−0.099%	$1.1M	$2.4M	10x	as long as short
Aftermath Perps HYPEUSDlong	−0.0130%	1h	95.248	long leg	$22K	$17K	10x
Bullet HYPE-USD	−0.0127%	1h	95.157	−0.095%	$114K	$581K	20x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	95.145	−0.108%	$92K	$337K	20x	as long as short
Lighter HYPE	−0.0096%	1h	95.147	−0.105%	$16.3M	$57.5M	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	−0.059%	$3K	$331	25x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0076%	4h	95.164	−0.088%	$54.7M	$53.1M	75x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.250	+0.003%	$4.7M	$5.6M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0042%	4h	95.124	−0.130%	$148K	$643K	20x	as long as short
Aster HYPEUSDT	−0.0031%	4h	95.148	−0.105%	$9.0M	$32.9M	300x	as long as short
OKX HYPE-USDT-SWAP	−0.0012%	8h	95.150	−0.102%	$119.2M	$303.1M	50x	as long as short
Phoenix HYPE	−0.0008%	1h	95.326	+0.082%	$201K	$1.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	95.259	+0.012%	$129K	$94K	5x	as long as short
Popdex HYPEUSDT	0.0000%	1h	95.142	−0.111%	$274K	$1.0M	50x	as long as short
Perpl HYPE	0.0000%	43m	95.139	−0.113%	$24K	$251K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.248	0.000%	$100K	—	150x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0002%	1h	95.244	−0.004%	$7.5M	$4.3M	50x	as long as short
SoDEX HYPE-USD	+0.0010%	1h	95.152	−0.100%	$2.1M	$373K	10x	as long as short
Bitget HYPEUSDT	+0.0018%	4h	95.170	−0.081%	$228.7M	$86.9M	75x	as long as short
Bybit HYPEUSDT	+0.0028%	8h	95.160	−0.092%	$320.6M	$265.9M	75x	as long as short
Bulk HYPE-USD	+0.0074%	1h	95.269	+0.022%	$232K	$12K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0075%	8h	95.170	−0.082%	$340K	$35K	20x	as long as short
Bluefin HYPE-PERP	+0.0081%	1h	95.164	−0.088%	$79K	$136K	20x	as long as short
Binance HYPEUSDT	+0.0092%	4h	95.151	−0.101%	$382.5M	$855.0M	75x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	95.253	+0.005%	$5.1M	$29.1M	30x	as long as short
MEXC HYPE_USDT	+0.0094%	4h	95.136	−0.117%	$90.4M	$83.1M	100x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.179	−0.072%	$3.3M	$10.0M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.120	−0.134%	$39K	$1.5M	10x	as long as short
Vest HYPE-PERP	+0.0100%	1h	95.222	−0.026%	—	$80K	5x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.154	−0.098%	$7.4M	$51.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.255	+0.008%	$2.11B	$645.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.191	−0.059%	$10.3M	$13.3M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.156	−0.096%	$48.1M	$17.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	95.170	−0.081%	—	$49.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.242	−0.006%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.251	+0.003%	$30.0M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.290	+0.044%	$7.7M	$39.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.279	+0.033%	$347K	$882K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.216	−0.033%	$693K	$2.8M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.182	−0.069%	$504K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.223	−0.026%	$32K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.326	+0.082%	$1.4M	$5.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.129	−0.124%	$18.4M	$39.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.138	−0.115%	$402K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0125%	8h	95.316	+0.072%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.182	−0.068%	$3.1M	$5.5M	20x	as long as short
Reya HYPERUSDPERPshort	+0.0270%	1h	95.118	−0.136%	$85K	$96K	15x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.187	−0.063%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0338%	4h	95.266	+0.019%	$17.3M	$11.5M	75x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.500	+0.265%	$31K	$334K	12x	as long as short