Funding you earn now, next payment 06:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.028%
Price spread now: Reya against GMX−0.033%7-day average −0.039% · 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)−0.192%−$19 on $10k
+Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.033%, 7d avg −0.039%
=Together, before fees−0.247%+ Points / potential airdropReya: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX HYPE/USD [WBTC.b-USDC] | 94.228 | L +0.0333% / S −0.0154% | pay 0.0042% / 1h | 1m 53s | $1.4M | — | 100x |
| Short | Reya HYPERUSDPERP | 94.198 | 0.0270 | get 0.0034% / 1h | 1m 53s | $77K | $130K | 15x |
GMX HYPE/USD [WBTC.b-USDC]
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against GMX. 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
- −$13.22
- Price spread: −0.033% → −0.039%
- $0.59
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$30.62
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: GMX: 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 GMX no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
GMX 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 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 | 94.260 | +0.034% | $202K | $241K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0298% | 1h | 94.289 | +0.064% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.328 | +0.106% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0015% | 4h | 94.168 | −0.064% | $150K | $681K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.272 | +0.046% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 94.236 | +0.008% | $87K | $372K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.214 | −0.015% | $22K | $290K | 10x | as long as short |
| Bullet HYPE-USD | +0.0001% | 1h | 94.207 | −0.022% | $112K | $580K | 20x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 94.223 | −0.006% | $63K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 94.198 | −0.032% | $1.0M | $4.0M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
Bullet HYPE-USD
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | +0.0019% | 8h | 94.180 | −0.051% | $318.2M | $287.0M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 94.438 | +0.222% | $211K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0031% | 4h | 94.194 | −0.037% | — | $53.7M | — | as long as short |
| Bitget HYPEUSDT | +0.0038% | 4h | 94.195 | −0.035% | $227.2M | $99.4M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0038% | 8h | 94.206 | −0.024% | $12.8M | $2.8M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0059% | 1h | 94.220 | −0.009% | $711K | $1.2M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 94.240 | +0.012% | $342K | $158K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.209 | −0.020% | $16.4M | $63.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.227 | −0.001% | $3.2M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.218 | −0.011% | $78K | $1.2M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0098% | 4h | 94.343 | +0.122% | $5.0M | $30.4M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.230 | +0.002% | $30K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.191 | −0.039% | $6.7M | $49.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.311 | +0.088% | $2.07B | $680.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.200 | −0.030% | $8.9M | $37.0M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.237 | +0.009% | $10.2M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.197 | −0.033% | $378.6M | $925.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.175 | −0.057% | $116.4M | $317.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.213 | −0.016% | $217K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.192 | −0.039% | $48.2M | $55.9M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.204 | −0.026% | $91.0M | $82.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.204 | −0.026% | $46.5M | $18.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.247 | +0.020% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.388 | +0.170% | $28.9M | $56.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.427 | +0.210% | $7.7M | $48.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.313 | +0.090% | $344K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.316 | +0.093% | $675K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.291 | +0.066% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.228 | 0.000% | $478K | $2.8M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.188 | −0.043% | $80K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 94.190 | −0.041% | $16.3M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.302 | +0.078% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.206 | −0.024% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.416 | +0.199% | $1.4M | $6.6M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.166 | −0.067% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.212 | −0.018% | $398K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0119% | 8h | 94.327 | +0.105% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 94.610 | +0.405% | $31K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.230 | +0.002% | $4.7M | $6.1M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0270% | 1h | 94.291 | +0.066% | $7.5M | $4.1M | 50x | as long as short |
| Reya HYPERUSDPERPshort | +0.0270% | 1h | 94.198 | −0.033% | $77K | $130K | 15x | |
| GMX HYPE/USD [WBTC.b-USDC]long | L +0.0333% / S −0.0154% | 1h | 94.228 | long leg | $1.4M | — | 100x | |
| Kraken Futures PF_HYPEUSD | +0.0338% | 1h | 94.299 | +0.075% | $21.0M | $29.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.285 | +0.060% | $16.8M | $12.3M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 94.269 | +0.044% | $3.2M | $6.3M | 20x | as long as short |
Bybit HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bitget HYPEUSDT
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC