HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0253%/8h= +27.7% APRnext payment +$0.32 per $10,000 · paid last 24h +0.056%

Price spread now: Reya against gTrade (Gains Network)−0.073%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Reya

What this pair did over the last

the charts below follow

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 · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.073% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 23 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	93.726	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	17m 20s	$26K	—	150x
Short	Reya HYPERUSDPERP	93.658	0.0255	get 0.0032% / 1h	17m 20s	$80K	$140K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ReyabpOrdersPrice spread, now −0.073%Rate

Funding earned: $53.11
Price spread: −0.073% → 0.000%: −$7.26
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $29.85
Costs to cover: 0.160%
Break-even: 3.1 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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 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	−0.1040%	1h	93.615	−0.118%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.537	−0.201%	$1.2M	$3.8M	10x	as long as short
Phemex HYPEUSDT	−0.0106%	8h	93.687	−0.041%	$12.7M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0084%	1h	93.779	+0.057%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.666	−0.064%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0066%	1h	93.710	−0.017%	$702K	$922K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0056%	4h	93.688	−0.040%	$156K	$646K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	93.654	−0.076%	$85K	$349K	20x	as long as short
Backpack HYPE_USDC_PERP	−0.0030%	1h	93.650	−0.081%	$7.8M	$10.3M	20x	as long as short
Gate HYPE_USDT	−0.0010%	4h	93.707	−0.020%	$44.4M	$55.2M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	−0.0004%	4h	93.703	−0.024%	$8.8M	$35.8M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.671	−0.059%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.707	−0.020%	$22K	$325K	10x	as long as short
BingX HYPE-USDT	+0.0002%	4h	93.705	−0.022%	—	$53.6M	—	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0003%	1h	93.726	long leg	$26K	—	150x
Bybit HYPEUSDT	+0.0013%	8h	93.703	−0.024%	$321.6M	$280.6M	75x	as long as short
Phoenix HYPE	+0.0060%	1h	93.766	+0.043%	$213K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.715	−0.011%	$88.9M	$83.3M	100x	as long as short
Binance HYPEUSDT	+0.0068%	4h	93.710	−0.017%	$381.0M	$889.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0071%	8h	93.713	−0.013%	$115.2M	$307.5M	50x	as long as short
Bullet HYPE-USD	+0.0073%	1h	93.711	−0.016%	$111K	$577K	20x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	93.690	−0.038%	$5.1M	$30.0M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.720	−0.006%	$340K	$164K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.747	+0.023%	$16.4M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.737	+0.012%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.662	−0.068%	$67K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.713	−0.014%	$399K	$175K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.660	−0.070%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.638	−0.093%	$5.7M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.782	+0.060%	$2.05B	$666.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.703	−0.025%	$10.1M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.696	−0.032%	$46.4M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.719	−0.007%	$227.0M	$98.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.748	+0.024%	$31.1M	$54.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.737	+0.012%	$7.6M	$47.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.706	−0.021%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.758	+0.035%	$669K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.723	−0.003%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.730	+0.005%	$473K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.682	−0.047%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.688	−0.040%	$16.3M	$7.7M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.728	+0.003%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.718	−0.008%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.880	+0.165%	$204K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.693	−0.035%	$18.3M	$44.0M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.730	+0.005%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.610	−0.123%	$30K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0195%	4h	93.862	+0.146%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.734	+0.009%	$3.2M	$7.0M	20x	as long as short
Reya HYPERUSDPERPshort	+0.0255%	1h	93.658	−0.073%	$80K	$140K	15x
Kalshi KXHYPEPERP	+0.0280%	8h	93.777	+0.055%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0156%	1h	93.730	+0.005%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0401%	1h	93.812	+0.092%	$7.4M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0680%	1h	93.821	+0.102%	$21.0M	$29.8M	50x	as long as short