Funding you earn now, next payment 07:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: Deribit against Reya+0.108%7-day average +0.070% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.108%, 7d avg +0.070%
=Together, before fees−0.070%+ Points / potential airdropReya: Active · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.038% dearer against Reya than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 93.602 | 0.0271 | pay 0.0034% / 1h | 48m 36s | $77K | $130K | 15x |
| Short | Deribit HYPE_USDC-PERPETUAL | 93.703 | 0.0273 | get 0.0034% / 1h | 48m 36s | $7.4M | $4.2M | 50x |
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Reya. 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
- $0.48
- Price spread: +0.108% → +0.070%
- $3.78
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$8.74
- Costs to cover
- 0.130%
- Break-even
- 135.8 days
Slippage unknown: Reya: no order-book sample; Deribit: live order book, just now. 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 Reya no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, just now | 0.53 bp | 8.5 bp −$8 | 12.9 bp −$129 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1136% | 1h | 93.719 | +0.125% | $199K | $242K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0248% | 1h | 93.846 | +0.261% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0133% | 1h | 93.610 | +0.009% | $706K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.716 | +0.122% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 93.687 | +0.091% | $86K | $372K | 20x | as long as short |
| Bullet HYPE-USD | −0.0053% | 1h | 93.613 | +0.012% | $111K | $581K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0029% | 1h | 93.599 | −0.003% | $79K | $156K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0019% | 4h | 93.600 | −0.002% | $145K | $681K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.622 | +0.021% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.679 | +0.082% | $22K | $285K | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Bullet HYPE-USD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.646 | +0.047% | $63K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0010% | 8h | 93.632 | +0.032% | $316.3M | $288.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0010% | 4h | 93.619 | +0.018% | — | $53.7M | — | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.780 | +0.190% | $210K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.634 | +0.034% | $225.5M | $99.6M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0071% | 8h | 93.624 | +0.023% | $12.8M | $2.8M | 50x | as long as short |
| ApeX Omni HYPEUSDT | +0.0074% | 1h | 93.801 | +0.213% | $348K | $1.0M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0083% | 8h | 93.647 | +0.048% | $335K | $161K | 20x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.590 | −0.013% | $1.0M | $4.0M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0091% | 4h | 93.758 | +0.167% | $5.0M | $30.5M | 30x | as long as short |
| Derive HYPE-PERP | +0.0092% | 1h | 93.581 | −0.023% | $16.3M | $7.4M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.613 | +0.012% | $16.1M | $63.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.618 | +0.017% | $3.1M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.670 | +0.073% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.600 | −0.002% | $23K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.698 | +0.103% | $7.4M | $50.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.704 | +0.109% | $2.05B | $682.6M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.666 | +0.069% | $8.9M | $37.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.670 | +0.073% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.667 | +0.069% | $375.3M | $931.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.625 | +0.025% | $115.7M | $316.1M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.644 | +0.045% | $48.4M | $54.9M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.675 | +0.078% | $88.9M | $83.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.667 | +0.069% | $46.3M | $18.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.611 | +0.010% | $7.2M | $10.8M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.670 | +0.072% | $28.6M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.726 | +0.132% | $7.6M | $48.1M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.812 | +0.224% | $679K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.723 | +0.130% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.664 | +0.066% | $470K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.741 | +0.148% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.598 | −0.004% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.807 | +0.219% | $1.4M | $6.7M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.731 | +0.138% | $216K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.595 | −0.007% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.622 | +0.021% | $396K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0106% | 8h | 93.653 | +0.054% | $1.8M | $5.6M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.820 | +0.233% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.670 | +0.073% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERPlong | +0.0271% | 1h | 93.602 | long leg | $77K | $130K | 15x | |
| Deribit HYPE_USDC-PERPETUALshort | +0.0273% | 1h | 93.703 | +0.108% | $7.4M | $4.2M | 50x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.664 | +0.066% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.600 | −0.002% | $17.0M | $12.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0415% | 1h | 93.673 | +0.076% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.644 | +0.045% | $3.2M | $6.4M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Phoenix HYPE
Bitget HYPEUSDT
Phemex HYPEUSDT
ApeX Omni HYPEUSDT
Paradex HYPE-USD-PERP
Arcus HYPE-USD
edgeX HYPEUSDC
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC