Settings8H · net · $10k
Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0170%/8h= −18.7% APRnext payment $0.21 per $10,000 · paid last 24h −0.035%
Price spread now: Pacifica against Reya+0.041%7-day average +0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.006%−$1 on $10k
Price spread, last 4 days (all we have)−0.245%−$25 · spread now +0.041%, 7d avg +0.031%
Together, before fees−0.251%+ Points / potential airdropReya: Active · Pacifica: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya HYPERUSDPERP93.7940.0270pay 0.0034% / 1h56m 06s$77K$130K15x
ShortPacifica HYPE93.8320.0100get 0.0013% / 1h56m 06s$10.1M$15.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
−$35.8
Price spread: +0.041% → +0.031%
$0.98
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$48.82
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Pacifica: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Pacifica live order book, 3 min ago0.05 bp4.5 bp −$4doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1224%1h93.798+0.005%$199K$243K7xas long as short
Aftermath Perps HYPEUSD−0.0272%1h94.032+0.254%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.992+0.212%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.798+0.005%$86K$372K20xas long as short
Orderly PERP_HYPE_USDC−0.0017%4h93.765−0.030%$149K$680K20xas long as short
Ondo Perps HYPE-USD.P−0.0010%1h93.770−0.025%$707K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.813+0.020%$129K$29K5xas long as short
Perpl HYPE0.0000%43m93.831+0.040%$22K$285K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.823+0.031%$63K150xas long as short
Bluefin HYPE-PERP+0.0003%1h93.785−0.009%$79K$166K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT+0.0012%4h93.797+0.004%$53.8Mas long as short
Bybit HYPEUSDT+0.0018%8h93.779−0.016%$316.9M$287.3M75xas long as short
Phoenix HYPE+0.0026%1h93.872+0.084%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.789−0.005%$226.0M$99.4M75xas long as short
Phemex HYPEUSDT+0.0060%8h93.818+0.026%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0080%4h93.922+0.137%$5.0M$30.4M30xas long as short
Arcus HYPE-USD+0.0084%1h93.799+0.006%$1.0M$4.0M10xas long as short
Paradex HYPE-USD-PERP+0.0091%8h93.845+0.054%$341K$158K20xas long as short
Lighter HYPE+0.0096%1h93.799+0.005%$16.2M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.798+0.005%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.791−0.003%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.770−0.025%$20K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.794+0.001%$6.3M$50.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.885+0.098%$2.05B$683.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.795+0.002%$8.9M$37.3M300xas long as short
Pacifica HYPEshort+0.0100%1h93.832+0.041%$10.1M$15.4M20x
Binance HYPEUSDT+0.0100%4h93.789−0.004%$377.0M$928.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.795+0.002%$115.8M$316.7M50xas long as short
Bulk HYPE-USD+0.0100%1h94.213+0.448%$217K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.783−0.011%$48.3M$54.7M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.785−0.009%$87.9M$82.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.790−0.004%$46.3M$18.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.817+0.025%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h94.028+0.250%$28.8M$56.5Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.099+0.326%$7.7M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.152+0.382%$344K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.875+0.087%$680K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.871+0.083%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.818+0.026%$476K$2.8M20xas long as short
Bullet HYPE-USD+0.0100%1h93.804+0.011%$112K$581K20xas long as short
Derive HYPE-PERP+0.0100%1h93.774−0.020%$16.4M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.893+0.106%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.779−0.016%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.965+0.183%$1.4M$6.6M75xas long as short
Extended HYPE-USD+0.0104%1h93.764−0.031%$18.3M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.797+0.004%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0110%8h93.901+0.115%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.870+0.082%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.760−0.036%$30K$339K12xas long as short
Reya HYPERUSDPERPlong+0.0270%1h93.794long leg$77K$130K15x
Deribit HYPE_USDC-PERPETUAL+0.0315%1h93.888+0.101%$7.4M$4.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.819+0.027%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.808+0.015%$17.1M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0414%1h93.865+0.076%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.840+0.049%$3.2M$6.4M20xas long as short