Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC−0.0072%/8h= −7.8% APRnext payment −$0.09 per $10,000 · paid last 24h −0.041%
Price spread now: Coinbase International against Reya+0.068%7-day average −0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.129%−$13 on $10k
Price spread, last 3 days (all we have)−0.099%−$10 · spread now +0.068%, 7d avg −0.006%
Together, before fees−0.228%+ Points / potential airdropReya: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.074% dearer against Reya than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of −0.006%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya HYPERUSDPERP93.4260.0248pay 0.0031% / 1h5m 54s$77K$159K15x
ShortCoinbase International HYPE-PERP-INTX93.4900.0176get 0.0022% / 1h5m 54s$4.9M$5.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Reya. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$15.02
Price spread: +0.068% → −0.006%
$7.4
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$23.62
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample—————
Sell Coinbase International live order book, 3 min ago0.54 bp6.8 bp −$712.3 bp −$12332.8 bp −$3,278doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps HYPEUSD−0.0475%1h93.295−0.141%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0416%1h93.238−0.202%$197K$229K7xas long as short
Arcus HYPE-USD−0.0131%1h93.355−0.076%$1.2M$3.9M10xas long as short
Ondo Perps HYPE-USD.P−0.0129%1h93.160−0.285%$699K$894K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.346−0.086%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.463+0.039%$91K$358K20xas long as short
dYdX HYPE-USD0.0000%1h93.390−0.039%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.394−0.034%$23K$330K10xas long as short
Aster HYPEUSDT+0.0002%4h93.433+0.007%$8.9M$35.7M300xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.460+0.036%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex HYPEUSDT+0.0008%1h93.431+0.005%$58K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0016%4h93.429+0.003%$176K$524K20xas long as short
Bybit HYPEUSDT+0.0020%8h93.410−0.017%$323.5M$281.6M75xas long as short
Phoenix HYPE+0.0034%1h93.306−0.129%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0054%1h93.434+0.008%$112K$577K20xas long as short
MEXC HYPE_USDT+0.0060%4h93.415−0.012%$90.3M$82.4M100xas long as short
Binance HYPEUSDT+0.0061%4h93.440+0.015%$383.5M$886.3M75xas long as short
Derive HYPE-PERP+0.0061%1h93.381−0.048%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0062%4h93.414−0.013%$44.1M$58.8M75xas long as short
edgeX HYPEUSDC+0.0080%4h93.250−0.188%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.455+0.031%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.459+0.035%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.434+0.008%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.417−0.009%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.390−0.039%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.430+0.005%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.4260.000%$2.03B$661.6M10xas long as short
Pacifica HYPE+0.0100%1h93.431+0.005%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.400−0.028%$114.2M$312.6M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.428+0.002%$47.1M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.425−0.001%$226.6M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.399−0.029%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.435+0.009%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.212−0.229%$30.8M$51.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.317−0.117%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.303−0.132%$415K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.230−0.210%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.422−0.004%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.448+0.023%$494K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.437+0.012%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.482+0.060%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.417−0.010%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.384−0.045%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.280−0.156%$204K$8K10xas long as short
Extended HYPE-USD+0.0104%1h93.390−0.039%$18.2M$41.6M50xas long as short
Kalshi KXHYPEPERP+0.0117%8h93.481+0.059%$1.9M$5.2M2.3xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0176%1h93.490+0.068%$4.9M$5.7M50x
HTX HYPE-USDT+0.0220%4h93.588+0.173%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.530+0.111%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0243%4h93.225−0.215%$16.9M$12.4M75xas long as short
Reya HYPERUSDPERPlong+0.0248%1h93.426long leg$77K$159K15x
RISEx HYPE/USDC+0.0280%1h93.477+0.055%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.453+0.029%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0371%1h93.517+0.097%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0464%1h93.534+0.116%$20.9M$28.9M50xas long as short