Funding you earn now, next payment 03:00 UTC+0.0158%/8h= +17.3% APRnext payment +$0.20 per $10,000 · paid last 24h +0.015%
Price spread now: Reya against Bluefin+0.046%7-day average −0.019% · 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)+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)+0.125%+$12 · spread now +0.046%, 7d avg −0.019%
=Together, before fees+0.171%+ Points / potential airdropReya: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Reya is 0.065% dearer against Bluefin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin HYPE-PERP | 93.188 | 0.0100 | pay 0.0013% / 1h | 27m 00s | $79K | $170K | 20x |
| Short | Reya HYPERUSDPERP | 93.231 | 0.0258 | get 0.0032% / 1h | 27m 00s | $79K | $140K | 15x |
Bluefin HYPE-PERP
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Bluefin. 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
- $33.2
- Price spread: +0.046% → −0.019%
- $6.51
- Slippage, 4 orders
- no order book: not counted
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $26.71
- Costs to cover
- 0.130%
- Break-even
- 1.4 days
Slippage unknown: Bluefin: live order book, 37 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 Bluefin live order book, 37 min ago | 4.82 bp | 16.7 bp −$17 | 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.
HYPE on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1280% | 1h | 93.345 | +0.169% | $197K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.150 | −0.041% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0113% | 1h | 93.320 | +0.142% | $699K | $996K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.305 | +0.126% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.246 | +0.062% | $85K | $344K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0047% | 1h | 93.402 | +0.230% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0045% | 4h | 93.194 | +0.006% | $153K | $652K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0038% | 8h | 93.261 | +0.078% | $12.6M | $2.7M | 50x | as long as short |
| Bullet HYPE-USD | −0.0019% | 1h | 93.217 | +0.031% | $111K | $578K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.309 | +0.130% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
Bullet HYPE-USD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.273 | +0.092% | $23K | $319K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.237 | +0.052% | $61K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0020% | 4h | 93.229 | +0.044% | $8.8M | $35.5M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.609 | +0.452% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0032% | 4h | 93.225 | +0.040% | — | $53.0M | — | as long as short |
| Bybit HYPEUSDT | +0.0040% | 8h | 93.220 | +0.034% | $320.6M | $276.8M | 75x | as long as short |
| Gate HYPE_USDT | +0.0058% | 4h | 93.215 | +0.029% | $44.6M | $55.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0074% | 8h | 93.220 | +0.034% | $113.9M | $301.0M | 50x | as long as short |
| Derive HYPE-PERP | +0.0083% | 1h | 93.192 | +0.004% | $16.2M | $7.5M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.234 | +0.049% | $16.2M | $61.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.233 | +0.048% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.244 | +0.060% | $69K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.289 | +0.108% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.260 | +0.077% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.254 | +0.071% | $5.8M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.288 | +0.107% | $2.04B | $654.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.278 | +0.097% | $10.0M | $14.7M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.221 | +0.035% | $378.2M | $876.0M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.364 | +0.189% | $203K | $10K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.223 | +0.038% | $89.6M | $80.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.235 | +0.050% | $45.8M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.226 | +0.041% | $225.4M | $96.5M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.218 | +0.032% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.546 | +0.384% | $31.2M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.348 | +0.172% | $7.5M | $45.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.581 | +0.422% | $340K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.415 | +0.244% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.305 | +0.126% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.280 | +0.099% | $471K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERPlong | +0.0100% | 1h | 93.188 | long leg | $79K | $170K | 20x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.290 | +0.109% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.215 | +0.029% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.189 | +0.001% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.222 | +0.037% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0111% | 4h | 93.350 | +0.174% | $5.1M | $29.0M | 30x | as long as short |
| HTX HYPE-USDT | +0.0174% | 4h | 93.442 | +0.273% | $1.4M | $6.0M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.280 | +0.099% | $4.8M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERPshort | +0.0258% | 1h | 93.231 | +0.046% | $79K | $140K | 15x | |
| Kalshi KXHYPEPERP | +0.0277% | 8h | 93.296 | +0.116% | $1.9M | $5.0M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.251 | +0.067% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.252 | +0.069% | $16.9M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0501% | 1h | 93.312 | +0.133% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.334 | +0.157% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.150 | −0.041% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0686% | 1h | 93.281 | +0.100% | $20.7M | $29.7M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD