HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0327%/8h= −35.8% APRnext payment −$0.41 per $10,000 · paid last 24h −0.073%

Price spread now: Hotstuff against Reya+0.101%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.101% dearer against Reya than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya HYPERUSDPERP	93.279	0.0247	pay 0.0031% / 1h	13m 26s	$77K	$159K	15x
Short	Hotstuff HYPE-PERP	93.373	−0.0080	pay 0.0010% / 1h	13m 26s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee HotstuffbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$68.73
Price spread: +0.101% → 0.000%: $10.05
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$69.67
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hotstuff: 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 Reya no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Reya and Hotstuff: 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
Aftermath Perps HYPEUSD	−0.0447%	1h	93.240	−0.043%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0352%	1h	93.222	−0.061%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.238	−0.044%	$1.2M	$3.9M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0125%	1h	93.310	+0.033%	$699K	$934K	10x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	93.373	+0.101%	$3K	$331	25x
01 Exchange HYPEUSD	−0.0024%	1h	93.321	+0.045%	$90K	$360K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.388	+0.116%	$127K	$32K	5x	as long as short
Popdex HYPEUSDT	0.0000%	1h	93.285	+0.006%	$57K	$1.2M	50x	as long as short
Perpl HYPE	0.0000%	43m	93.303	+0.026%	$23K	$330K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.325	+0.049%	$27K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0003%	4h	93.338	+0.063%	$8.9M	$35.8M	300x	as long as short
Orderly PERP_HYPE_USDC	+0.0020%	4h	93.329	+0.053%	$172K	$517K	20x	as long as short
Bybit HYPEUSDT	+0.0022%	8h	93.262	−0.018%	$323.1M	$283.7M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.249	−0.032%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0041%	1h	93.295	+0.017%	$112K	$578K	20x	as long as short
Derive HYPE-PERP	+0.0047%	1h	93.269	−0.011%	$16.3M	$7.0M	10x	as long as short
Gate HYPE_USDT	+0.0060%	4h	93.308	+0.031%	$44.0M	$58.7M	75x	as long as short
MEXC HYPE_USDT	+0.0064%	4h	93.321	+0.045%	$90.2M	$82.3M	100x	as long as short
Binance HYPEUSDT	+0.0067%	4h	93.318	+0.042%	$382.0M	$893.4M	75x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	93.171	−0.115%	$5.1M	$29.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.369	+0.097%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.388	+0.117%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.331	+0.056%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.352	+0.078%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.260	−0.021%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.347	+0.073%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.316	+0.039%	$2.03B	$669.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.344	+0.069%	$10.0M	$14.4M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.270	−0.010%	$114.2M	$313.2M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.232	−0.050%	$204K	$8K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.327	+0.051%	$47.0M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.272	−0.008%	$226.2M	$102.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.297	+0.019%	—	$53.7M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.400	+0.129%	$7.9M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.203	−0.081%	$29.0M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.199	−0.086%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.153	−0.135%	$414K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.269	−0.011%	$675K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.323	+0.047%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.304	+0.027%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.336	+0.061%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.353	+0.079%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.354	+0.080%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.331	+0.056%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.255	−0.026%	$18.2M	$41.7M	50x	as long as short
Kalshi KXHYPEPERP	+0.0117%	8h	93.425	+0.156%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.410	+0.140%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0231%	4h	93.500	+0.237%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.140	−0.149%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERPlong	+0.0247%	1h	93.279	long leg	$77K	$159K	15x
BloFin HYPE-USDT	+0.0260%	4h	93.211	−0.073%	$16.8M	$12.4M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.341	+0.066%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.313	+0.036%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0435%	1h	93.459	+0.193%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.493	+0.230%	$20.9M	$29.0M	50x	as long as short