Funding you earn now, next payment 03:00 UTC+0.0238%/8h= +26.1% APRpaid last 24h +0.059%
Price spread now: Reya against Gate−0.002%7-day average +0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)+1.142%+$114 · spread now −0.002%, 7d avg +0.010%
=Together, before fees+1.175%+ Points / potential airdropReya: Active · farm board+$117 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.033% in total (about 3.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HYPE_USDT | 92.954 | 0.0018 | pay 0.0009% / 4h | 1h 57m | $44.3M | $54.1M | 75x |
| Short | Reya HYPERUSDPERP | 92.952 | 0.0256 | get 0.0032% / 1h | 57m 22s | $79K | $140K | 15x |
Gate HYPE_USDT
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Gate. 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
- $50.05
- Price spread: −0.002% → +0.010%
- −$1.27
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $27.79
- Costs to cover
- 0.210%
- Break-even
- 3.1 days
Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago | 0.16 bp | 10.5 bp −$11 | 18.8 bp −$188 | 29.6 bp −$2,963 | 56.0 bp −$28.0K |
| 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 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 | −0.1136% | 1h | 93.001 | +0.051% | $195K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 92.871 | −0.089% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0443% | 1h | 92.909 | −0.048% | $79K | $170K | 20x | as long as short |
| Bullet HYPE-USD | −0.0165% | 1h | 92.952 | −0.002% | $111K | $578K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0158% | 1h | 92.970 | +0.017% | $698K | $905K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0112% | 1h | 93.002 | +0.052% | $84K | $346K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.198 | +0.262% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0051% | 4h | 92.922 | −0.034% | $155K | $639K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0023% | 8h | 93.039 | +0.091% | $12.6M | $2.7M | 50x | as long as short |
| Aster HYPEUSDT | −0.0005% | 4h | 92.952 | −0.002% | $8.8M | $35.4M | 300x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Bluefin HYPE-PERP
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
Aster HYPEUSDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX HYPE-USD | 0.0000% | 1h | 93.017 | +0.067% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.994 | +0.043% | $22K | $321K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 92.969 | +0.017% | $25K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0011% | 8h | 92.937 | −0.018% | $318.9M | $275.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0012% | 4h | 92.937 | −0.018% | — | $53.1M | — | as long as short |
| Aftermath Perps HYPEUSD | +0.0013% | 1h | 93.273 | +0.344% | $22K | $21K | 10x | as long as short |
| Gate HYPE_USDTlong | +0.0018% | 4h | 92.954 | long leg | $44.3M | $54.1M | 75x | |
| Phoenix HYPE | +0.0060% | 1h | 93.056 | +0.110% | $210K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0077% | 8h | 92.958 | +0.004% | $114.0M | $299.8M | 50x | as long as short |
| Binance HYPEUSDT | +0.0077% | 4h | 92.955 | +0.002% | $378.0M | $873.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0078% | 4h | 92.925 | −0.031% | $87.5M | $79.8M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0083% | 4h | 93.256 | +0.324% | $5.0M | $30.1M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.023 | +0.074% | $16.3M | $61.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.003 | +0.053% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.997 | +0.046% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.036 | +0.088% | $338K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.030 | +0.082% | $12K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.987 | +0.035% | $5.7M | $43.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.091 | +0.147% | $2.03B | $658.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.011 | +0.061% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | +0.410% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.012 | +0.062% | $46.0M | $17.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.950 | −0.004% | $224.9M | $96.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.967 | +0.014% | $7.3M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.219 | +0.285% | $31.1M | $54.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.215 | +0.281% | $7.5M | $46.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.222 | +0.288% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.114 | +0.172% | $664K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.057 | +0.111% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.001 | +0.051% | $473K | $2.4M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.929 | −0.026% | $16.1M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.050 | +0.103% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.010 | +0.060% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.958 | +0.004% | $18.3M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.939 | −0.016% | $395K | $170K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.100 | +0.157% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0207% | 4h | 93.200 | +0.265% | $1.4M | $5.9M | 75x | as long as short |
| Reya HYPERUSDPERPshort | +0.0256% | 1h | 92.952 | −0.002% | $79K | $140K | 15x | |
| Kalshi KXHYPEPERP | +0.0276% | 8h | 93.073 | +0.128% | $1.9M | $4.8M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 92.978 | +0.026% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0352% | 1h | 93.043 | +0.096% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.079 | +0.134% | $3.2M | $6.7M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.170 | +0.232% | $30K | $338K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0687% | 1h | 93.087 | +0.143% | $20.7M | $30.0M | 50x | as long as short |
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Aftermath Perps HYPEUSD
Phoenix HYPE
OKX HYPE-USDT-SWAP
Binance HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD