Funding you earn now, next payment 01:00 UTC+0.0154%/8h= +16.8% APRpaid last 24h +0.021%
Price spread now: Reya against Paradex−0.061%7-day average −0.028% · 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)−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.061%, 7d avg −0.028%
=Together, before fees+0.200%+ Points / potential airdropParadex: Active · Reya: Active · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.032% cheaper against Paradex than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.028%). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex HYPE-USD-PERP | 93.681 | 0.0099 | pay 0.0099% / 8h | 7h 03m | $340K | $165K | 20x |
| Short | Reya HYPERUSDPERP | 93.624 | 0.0253 | get 0.0032% / 1h | 3m 00s | $79K | $143K | 15x |
Paradex HYPE-USD-PERP
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Paradex. 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
- $32.25
- Price spread: −0.061% → −0.028%
- −$3.23
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $19.01
- Costs to cover
- 0.100%
- Break-even
- 2.9 days
Slippage unknown: Paradex: live order book, 6 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 Paradex live order book, 6 min ago | 1.44 bp | 3.4 bp −$3 | 9.8 bp −$98 | 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 | −0.1120% | 1h | 93.805 | +0.132% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.536 | −0.155% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0194% | 1h | 93.890 | +0.223% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0097% | 1h | 93.680 | −0.001% | $710K | $957K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.646 | −0.037% | $85K | $359K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.669 | −0.013% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USD | −0.0079% | 1h | 93.695 | +0.015% | $128K | $31K | 5x | as long as short |
| Bullet HYPE-USD | −0.0045% | 1h | 93.633 | −0.051% | $113K | $579K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0037% | 4h | 93.616 | −0.069% | $159K | $643K | 20x | as long as short |
| Gate HYPE_USDT | −0.0036% | 4h | 93.651 | −0.032% | $44.4M | $60.4M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
dYdX HYPE-USD
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | −0.0005% | 8h | 93.643 | −0.040% | $12.8M | $2.6M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.663 | −0.019% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.659 | −0.023% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0004% | 4h | 93.698 | +0.018% | $8.9M | $36.0M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0019% | 8h | 93.700 | +0.020% | $322.1M | $279.0M | 75x | as long as short |
| Derive HYPE-PERP | +0.0021% | 1h | 93.593 | −0.093% | $16.3M | $7.6M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.887 | +0.220% | $213K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0054% | 4h | 93.577 | −0.111% | $87.9M | $83.5M | 100x | as long as short |
| Binance HYPEUSDT | +0.0054% | 4h | 93.714 | +0.035% | $382.7M | $895.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0072% | 8h | 93.735 | +0.058% | $115.7M | $314.3M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0072% | 1h | 93.609 | −0.077% | $76K | $171K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0074% | 4h | 93.859 | +0.190% | $5.1M | $29.7M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.609 | −0.076% | $18.8M | $60.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.595 | −0.092% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.643 | −0.040% | $64K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.628 | −0.056% | $398K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERPlong | +0.0099% | 8h | 93.681 | long leg | $340K | $165K | 20x | |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.670 | −0.012% | $31K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.675 | −0.006% | $6.6M | $44.6M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.701 | +0.021% | $2.04B | $669.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.686 | +0.005% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.647 | −0.036% | $46.5M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.754 | +0.078% | $227.0M | $100.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.678 | −0.003% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.594 | −0.093% | $7.9M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.768 | +0.093% | $31.3M | $53.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.861 | +0.192% | $7.6M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.820 | +0.149% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.880 | +0.213% | $670K | $2.6M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.658 | −0.024% | $473K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.697 | +0.017% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.625 | −0.060% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.894 | +0.227% | $204K | $10K | 10x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.723 | +0.045% | — | $243K | 5x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.730 | +0.053% | $18.4M | $44.8M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.740 | +0.063% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.570 | −0.118% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0217% | 4h | 93.624 | −0.061% | $17.0M | $12.0M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.706 | +0.026% | $2.7M | $6.7M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0246% | 8h | 93.839 | +0.169% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERPshort | +0.0253% | 1h | 93.624 | −0.061% | $79K | $143K | 15x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0157% | 1h | 93.654 | −0.029% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0358% | 4h | 93.800 | +0.127% | $1.5M | $6.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0551% | 1h | 93.736 | +0.059% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0674% | 1h | 93.695 | +0.015% | $20.9M | $29.7M | 50x | as long as short |
Phemex HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Bybit HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bluefin HYPE-PERP
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Vest HYPE-PERP
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD