Funding you earn now, next payment 05:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h −0.033%
Price spread now: Lighter against Reya+0.037%7-day average +0.050% · 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)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.269%−$27 · spread now +0.037%, 7d avg +0.050%
=Together, before fees−0.270%+ Points / potential airdropReya: Active · Lighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 92.794 | 0.0264 | pay 0.0033% / 1h | 45m 35s | $79K | $131K | 15x |
| Short | Lighter HYPE | 92.828 | 0.0096 | get 0.0012% / 1h | 45m 35s | $16.0M | $62.4M | 20x |
Reya HYPERUSDPERP
Lighter HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$35.33
- Price spread: +0.037% → +0.050%
- −$1.29
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$42.61
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Lighter: live order book, 8 min ago. 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 Lighter live order book, 8 min ago | 0.58 bp | 1.1 bp −$1 | 3.2 bp −$32 | 12.4 bp −$1,239 | 45.2 bp −$22.6K |
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 | −0.0904% | 1h | 92.783 | −0.012% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0263% | 1h | 92.889 | +0.103% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.774 | −0.021% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.917 | +0.133% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0062% | 4h | 92.892 | +0.106% | $158K | $661K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.854 | +0.065% | $127K | $29K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 92.932 | +0.149% | $1.8M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.845 | +0.055% | $22K | $301K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.916 | +0.132% | $62K | — | 150x | as long as short |
| Gate HYPE_USDT | +0.0008% | 4h | 92.797 | +0.004% | $44.7M | $53.8M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps HYPE-USD.P | +0.0019% | 1h | 92.820 | +0.028% | $698K | $1.1M | 10x | as long as short |
| Bullet HYPE-USD | +0.0023% | 1h | 92.866 | +0.078% | $112K | $578K | 20x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.899 | +0.113% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 92.790 | −0.004% | $315.9M | $282.6M | 75x | as long as short |
| 01 Exchange HYPEUSD | +0.0048% | 1h | 92.837 | +0.047% | $87K | $362K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0049% | 8h | 92.922 | +0.138% | $12.5M | $2.7M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0074% | 4h | 92.789 | −0.005% | $224.8M | $99.1M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 92.804 | +0.011% | $70K | $1.1M | 50x | as long as short |
| Aster HYPEUSDT | +0.0090% | 4h | 92.821 | +0.030% | $8.7M | $36.1M | 300x | as long as short |
| Lighter HYPEshort | +0.0096% | 1h | 92.828 | +0.037% | $16.0M | $62.4M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 92.842 | +0.052% | $3.1M | $11.6M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 92.824 | +0.033% | $339K | $163K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0099% | 4h | 92.872 | +0.084% | $4.9M | $29.6M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.800 | +0.007% | $39K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.805 | +0.012% | $7.4M | $45.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.854 | +0.065% | $2.02B | $665.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.822 | +0.031% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.803 | +0.010% | $373.2M | $904.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.799 | +0.006% | $113.8M | $304.2M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.942 | +0.160% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.801 | +0.008% | $87.2M | $80.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.842 | +0.052% | $46.0M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.800 | +0.007% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.900 | +0.115% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.879 | +0.092% | $28.6M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.944 | +0.162% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.852 | +0.063% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.859 | +0.070% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.866 | +0.078% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.839 | +0.049% | $468K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.891 | +0.105% | $79K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.884 | +0.097% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.880 | +0.093% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.908 | +0.123% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.768 | −0.028% | $18.0M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.919 | +0.135% | $393K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.930 | +0.147% | $4.7M | $5.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0176% | 4h | 93.064 | +0.291% | $1.4M | $6.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.962 | +0.181% | $20.6M | $30.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.150 | +0.384% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERPlong | +0.0264% | 1h | 92.794 | long leg | $79K | $131K | 15x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.903 | +0.118% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.867 | +0.079% | $16.7M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0439% | 1h | 93.004 | +0.227% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.871 | +0.083% | $3.1M | $6.4M | 20x | as long as short |
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
Phoenix HYPE
Bybit HYPEUSDT
01 Exchange HYPEUSD
Phemex HYPEUSDT
Bitget HYPEUSDT
Popdex HYPEUSDT
Aster HYPEUSDT
Lighter RH HYPE
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
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
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC