Funding you earn now, next payment 01:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.021%
Price spread now: Pacifica against Reya+0.086%7-day average +0.028% · 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)+0.006%+$1 on $10k
+Price spread, last 3 days (all we have)−0.290%−$29 · spread now +0.086%, 7d avg +0.028%
=Together, before fees−0.284%+ Points / potential airdropReya: Active · Pacifica: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.057% dearer against Reya than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of +0.028%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya HYPERUSDPERP | 93.763 | 0.0250 | pay 0.0031% / 1h | 55m 33s | $78K | $143K | 15x |
| Short | Pacifica HYPE | 93.843 | 0.0100 | get 0.0013% / 1h | 55m 33s | $10.1M | $14.6M | 20x |
Reya HYPERUSDPERP
Pacifica HYPEFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.5
- Price spread: +0.086% → +0.028%
- $5.73
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$39.78
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Pacifica: 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 Pacifica live order book, 4 min ago | 0.11 bp | 4.4 bp −$4 | doesn't fit | doesn't fit | 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 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 | −0.1440% | 1h | 93.842 | +0.085% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.706 | −0.060% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0322% | 1h | 93.973 | +0.224% | $22K | $22K | 10x | as long as short |
| ApeX Omni HYPEUSDT | −0.0224% | 1h | 93.928 | +0.176% | $340K | $1.1M | 50x | as long as short |
| dYdX HYPE-USD | −0.0179% | 1h | 93.914 | +0.162% | $128K | $30K | 5x | as long as short |
| Gate HYPE_USDT | −0.0128% | 4h | 93.800 | +0.040% | $44.6M | $58.8M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0125% | 1h | 93.770 | +0.008% | $705K | $925K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0120% | 1h | 93.784 | +0.023% | $86K | $365K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.831 | +0.073% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0075% | 1h | 93.825 | +0.066% | $112K | $579K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
ApeX Omni HYPEUSDT
dYdX HYPE-USD
Gate HYPE_USDT
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0072% | 8h | 93.780 | +0.019% | $322.6M | $283.5M | 75x | as long as short |
| Derive HYPE-PERP | −0.0013% | 1h | 93.778 | +0.017% | $16.4M | $7.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0008% | 4h | 93.829 | +0.071% | $169K | $594K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.879 | +0.124% | $23K | $329K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.860 | +0.104% | $27K | — | 150x | as long as short |
| Phoenix HYPE | +0.0009% | 1h | 93.913 | +0.160% | $217K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0011% | 4h | 93.805 | +0.046% | $8.9M | $36.1M | 300x | as long as short |
| Popdex HYPEUSDT | +0.0032% | 1h | 93.779 | +0.018% | $60K | $1.2M | 50x | as long as short |
| Binance HYPEUSDT | +0.0039% | 4h | 93.808 | +0.048% | $383.2M | $897.8M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0042% | 4h | 93.830 | +0.072% | $88.0M | $81.8M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0062% | 4h | 93.918 | +0.166% | $5.1M | $29.7M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0084% | 8h | 93.769 | +0.007% | $115.8M | $321.4M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.868 | +0.112% | $18.8M | $58.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.851 | +0.094% | $3.1M | $12.0M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.904 | +0.151% | $399K | $268K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.860 | +0.104% | $341K | $171K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.820 | +0.061% | $42K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.808 | +0.048% | $6.6M | $44.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.930 | +0.179% | $2.04B | $680.9M | 10x | as long as short |
| Pacifica HYPEshort | +0.0100% | 1h | 93.843 | +0.086% | $10.1M | $14.6M | 20x | |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.830 | +0.072% | $46.5M | $18.5M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.780 | +0.019% | $227.2M | $101.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.795 | +0.035% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.879 | +0.124% | $7.7M | $10.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.832 | +0.074% | $31.2M | $54.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.944 | +0.193% | $7.6M | $45.4M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.836 | +0.078% | $678K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.836 | +0.078% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.817 | +0.058% | $479K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.828 | +0.070% | $76K | $171K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.903 | +0.150% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.850 | +0.093% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.890 | +0.136% | $12.8M | $2.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.944 | +0.193% | $205K | $6K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.783 | +0.022% | $18.4M | $42.6M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.890 | +0.136% | $4.9M | $5.7M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0163% | 8h | 93.929 | +0.178% | $1.9M | $5.1M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.897 | +0.143% | $17.0M | $12.5M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.150 | +0.413% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.849 | +0.092% | $2.8M | $6.9M | 20x | as long as short |
| Reya HYPERUSDPERPlong | +0.0250% | 1h | 93.763 | long leg | $78K | $143K | 15x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0251% | 1h | 93.948 | +0.198% | $7.5M | $4.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0310% | 4h | 94.050 | +0.307% | $1.5M | $7.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0157% | 1h | 93.862 | +0.106% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0672% | 1h | 93.955 | +0.205% | $21.0M | $29.5M | 50x | as long as short |
Bybit HYPEUSDT
Derive HYPE-PERP
Orderly PERP_HYPE_USDC
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Aster HYPEUSDT
Popdex HYPEUSDT
Binance HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
BloFin HYPE-USDT
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD