Funding you earn now, next payment 06:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.035%
Price spread now: Katana Perps against Reya−0.016%50s7-day average −0.007% · 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)−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.192%−$19 · spread now −0.016%, 7d avg −0.007%
=Together, before fees−0.216%+ Points / potential airdropReya: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 94.305 | 0.0270 | pay 0.0034% / 1h | 4m 39s | $78K | $130K | 15x |
| Short | Katana Perps HYPE-USD | 94.290 | 0.0100 | get 0.0100% / 8h | 2h 04m | $30K | $1.7M | 10x |
Reya HYPERUSDPERP
Katana Perps HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- −$35.83
- Price spread: −0.016% → −0.007%
- −$0.94
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$46.58
- Costs to cover
- 0.098%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Katana Perps: 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 Katana Perps no order-book sample | — | — | — | — | — |
Reya and Katana Perps: 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 | −0.1304% | 1h | 94.273 | −0.035% | $200K | $239K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0338% | 1h | 94.298 | −0.008% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.328 | +0.024% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0014% | 4h | 94.309 | +0.004% | $150K | $681K | 20x | as long as short |
| Bullet HYPE-USD | −0.0001% | 1h | 94.333 | +0.029% | $112K | $580K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.351 | +0.049% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 94.342 | +0.039% | $87K | $372K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.362 | +0.060% | $22K | $291K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 94.343 | +0.039% | $63K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 94.285 | −0.022% | $1.0M | $4.0M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
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 | +0.0021% | 8h | 94.279 | −0.028% | $318.5M | $287.1M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 94.438 | +0.141% | $211K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0030% | 8h | 94.323 | +0.019% | $12.8M | $2.8M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0036% | 4h | 94.309 | +0.004% | $227.5M | $99.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0050% | 4h | 94.307 | +0.002% | — | $53.8M | — | as long as short |
| Ondo Perps HYPE-USD.P | +0.0066% | 1h | 94.300 | −0.006% | $711K | $1.2M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0092% | 4h | 94.364 | +0.063% | $5.0M | $30.4M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 94.352 | +0.050% | $343K | $158K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.322 | +0.018% | $16.4M | $63.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.329 | +0.025% | $3.2M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.322 | +0.018% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USDshort | +0.0100% | 8h | 94.290 | −0.016% | $30K | $1.7M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 94.314 | +0.009% | $7.2M | $49.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.439 | +0.142% | $2.07B | $679.7M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.314 | +0.009% | $8.8M | $36.8M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.344 | +0.041% | $10.2M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.326 | +0.022% | $379.1M | $925.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.290 | −0.016% | $116.5M | $317.8M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.307 | +0.002% | $48.3M | $55.8M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.339 | +0.036% | $90.5M | $82.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.332 | +0.028% | $46.6M | $18.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.359 | +0.057% | $7.3M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.388 | +0.088% | $28.9M | $56.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.427 | +0.129% | $7.7M | $48.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.375 | +0.074% | $345K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.333 | +0.029% | $675K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.406 | +0.106% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.328 | +0.024% | $479K | $2.8M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.311 | +0.006% | $80K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 94.295 | −0.011% | $16.3M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.447 | +0.150% | $33K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.316 | +0.011% | $2.1M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.550 | +0.259% | $1.4M | $6.6M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.197 | −0.115% | $217K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.274 | −0.034% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.312 | +0.007% | $399K | $159K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 94.610 | +0.323% | $31K | $339K | 12x | as long as short |
| Kalshi KXHYPEPERP | +0.0123% | 8h | 94.472 | +0.177% | $1.8M | $5.6M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.460 | +0.164% | $4.7M | $6.1M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0163% | 1h | 94.381 | +0.080% | $7.5M | $4.1M | 50x | as long as short |
| Reya HYPERUSDPERPlong | +0.0270% | 1h | 94.305 | long leg | $78K | $130K | 15x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 94.340 | +0.037% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0337% | 1h | 94.401 | +0.101% | $21.0M | $29.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.335 | +0.031% | $16.8M | $12.3M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 94.365 | +0.063% | $3.2M | $6.3M | 20x | as long as short |
Bybit HYPEUSDT
Phoenix HYPE
Phemex HYPEUSDT
Bitget HYPEUSDT
BingX HYPE-USDT
Ondo Perps HYPE-USD.P
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
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
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
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC