Funding you earn now, next payment 02:00 UTC−0.0155%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.043%
Price spread now: Nado against Reya0.000%7-day average +0.017% · 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)−0.015%−$1 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now 0.000%, 7d avg +0.017%
=Together, before fees+0.021%+ Points / potential airdropReya: Active · Nado: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.017%, 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 | 93.724 | 0.0255 | pay 0.0032% / 1h | 15m 27s | $80K | $140K | 15x |
| Short | Nado HYPE-PERP | 93.724 | 0.0100 | get 0.0012% / 1h | 15m 27s | $5.7M | $44.7M | 10x |
Reya HYPERUSDPERP
Nado HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$32.61
- Price spread: 0.000% → +0.017%
- −$1.7
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$47.31
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Nado: live order book, 4 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 Nado live order book, 4 min ago | 0.05 bp | 3.9 bp −$4 | 5.4 bp −$54 | 28.5 bp −$2,848 | 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 54 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 | −0.1056% | 1h | 93.599 | −0.133% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.612 | −0.120% | $1.2M | $3.8M | 10x | as long as short |
| Phemex HYPEUSDT | −0.0124% | 8h | 93.726 | +0.002% | $12.7M | $2.7M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0082% | 1h | 93.779 | +0.058% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.733 | +0.010% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0071% | 1h | 93.650 | −0.079% | $701K | $921K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0056% | 4h | 93.727 | +0.003% | $156K | $646K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.708 | −0.017% | $85K | $349K | 20x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0028% | 1h | 93.714 | −0.011% | $7.7M | $10.3M | 20x | as long as short |
| Gate HYPE_USDT | −0.0008% | 4h | 93.726 | +0.002% | $44.4M | $55.2M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Phemex HYPEUSDT
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Backpack HYPE_USDC_PERP
Gate HYPE_USDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0002% | 4h | 93.747 | +0.025% | $8.9M | $35.8M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.751 | +0.028% | $129K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.707 | −0.018% | $22K | $325K | 10x | as long as short |
| BingX HYPE-USDT | +0.0002% | 4h | 93.722 | −0.002% | — | $53.6M | — | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.770 | +0.049% | $26K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0010% | 8h | 93.688 | −0.038% | $321.6M | $279.9M | 75x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.766 | +0.045% | $213K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0068% | 4h | 93.722 | −0.002% | $89.0M | $83.3M | 100x | as long as short |
| Binance HYPEUSDT | +0.0070% | 4h | 93.704 | −0.021% | $381.5M | $888.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0071% | 8h | 93.730 | +0.006% | $115.3M | $307.6M | 50x | as long as short |
| Bullet HYPE-USD | +0.0073% | 1h | 93.767 | +0.046% | $112K | $577K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.690 | −0.036% | $5.1M | $30.0M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.755 | +0.033% | $16.4M | $62.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.737 | +0.014% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.692 | −0.034% | $67K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.752 | +0.030% | $399K | $175K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 93.846 | +0.130% | $341K | $164K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.710 | −0.015% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERPshort | +0.0100% | 1h | 93.724 | 0.000% | $5.7M | $44.7M | 10x | |
| Hyperliquid HYPE | +0.0100% | 1h | 93.819 | +0.101% | $2.05B | $666.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.750 | +0.028% | $10.1M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.760 | +0.038% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.757 | +0.035% | $46.4M | $18.0M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.726 | +0.002% | $227.0M | $98.2M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.718 | −0.007% | $31.2M | $54.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.737 | +0.014% | $7.6M | $47.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.706 | −0.019% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.802 | +0.083% | $669K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.769 | +0.048% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.758 | +0.036% | $476K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.730 | +0.006% | $79K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.723 | −0.001% | $16.3M | $7.7M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.850 | +0.134% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.737 | +0.014% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.701 | −0.025% | $18.3M | $44.0M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.870 | +0.156% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.610 | −0.122% | $30K | $339K | 12x | as long as short |
| HTX HYPE-USDT | +0.0191% | 4h | 93.900 | +0.188% | $1.4M | $5.9M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.794 | +0.075% | $3.2M | $7.0M | 20x | as long as short |
| Reya HYPERUSDPERPlong | +0.0255% | 1h | 93.724 | long leg | $80K | $140K | 15x | |
| Kalshi KXHYPEPERP | +0.0280% | 8h | 93.796 | +0.077% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.771 | +0.050% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0411% | 1h | 93.844 | +0.128% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0680% | 1h | 93.825 | +0.108% | $21.0M | $29.8M | 50x | as long as short |
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
BingX HYPE-USDT
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bullet HYPE-USD
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
RISEx HYPE/USDC
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD