HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0426%/8h= +46.6% APRnext payment +$0.53 per $10,000 · paid last 24h +0.008%

Price spread now: RISEx against Reya+0.118%7-day average +0.029% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.117%+$12 on $10k

Price spread, last 4 days (all we have)−0.488%−$49 · spread now +0.118%, 7d avg +0.029%

Together, before fees−0.371%+ Points / potential airdropReya: Active · farm board−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and RISEx is 0.089% dearer against Reya than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.029%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.117% in total (about 12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya HYPERUSDPERP	92.235	0.0261	pay 0.0033% / 1h	35m 31s	$79K	$137K	15x
Short	RISEx HYPE/USDC	92.344	0.0687	get 0.0086% / 1h	35m 31s	$3.1M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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

Position, each leg$Hold fordaysFee ReyabpFee RISExbpOrdersPrice spread, now +0.118%Rate

Funding earned: $89.37
Price spread: +0.118% → +0.029%: $8.93
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: $86.3
Costs to cover: 0.120%
Break-even: 0.2 days

Slippage unknown: Reya: no order-book sample; RISEx: 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 RISEx live order book, 4 min ago	1.46 bp	4.5 bp −$4	5.7 bp −$57	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
Arcus HYPE-USD	−0.0948%	1h	92.234	−0.001%	$1.0M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0360%	1h	92.205	−0.032%	$193K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0151%	1h	92.318	+0.090%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	92.300	+0.071%	$86K	$356K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.221	−0.015%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0070%	4h	92.133	−0.110%	$157K	$663K	20x	as long as short
Bullet HYPE-USD	−0.0041%	1h	92.169	−0.072%	$110K	$580K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0023%	1h	92.160	−0.081%	$693K	$1.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.261	+0.028%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.266	+0.034%	$22K	$309K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0001%	4h	92.236	+0.001%	$8.7M	$36.3M	300x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.181	−0.058%	$61K	—	150x	as long as short
BingX HYPE-USDT	+0.0034%	4h	92.290	+0.060%	—	$53.3M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.257	+0.024%	$209K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0057%	8h	92.250	+0.017%	$315.4M	$281.6M	75x	as long as short
Gate HYPE_USDT	+0.0062%	4h	92.280	+0.049%	$44.3M	$55.0M	75x	as long as short
Phemex HYPEUSDT	+0.0071%	8h	92.187	−0.052%	$12.4M	$2.7M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0079%	8h	92.250	+0.017%	$112.9M	$302.2M	50x	as long as short
MEXC HYPE_USDT	+0.0084%	4h	92.300	+0.071%	$87.2M	$80.6M	100x	as long as short
Binance HYPEUSDT	+0.0086%	4h	92.272	+0.040%	$369.9M	$902.3M	75x	as long as short
edgeX HYPEUSDC	+0.0088%	4h	92.224	−0.012%	$4.9M	$29.6M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	92.301	+0.072%	$338K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.251	+0.018%	$16.0M	$62.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.256	+0.023%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.269	+0.037%	$68K	$1.2M	50x	as long as short
Derive HYPE-PERP	+0.0097%	1h	92.134	−0.109%	$16.0M	$7.5M	10x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.270	+0.038%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.270	+0.039%	$6.8M	$44.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.309	+0.081%	$2.01B	$665.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.291	+0.061%	$10.0M	$15.0M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.245	+0.011%	$201K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.251	+0.018%	$45.8M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.243	+0.009%	$223.7M	$98.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.185	−0.054%	$7.3M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.139	−0.104%	$28.2M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.255	+0.022%	$7.5M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.201	−0.037%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.239	+0.005%	$662K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.301	+0.072%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.270	+0.038%	$475K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.142	−0.101%	$78K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.215	−0.021%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.150	−0.092%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.300	+0.071%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.247	+0.014%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.150	−0.092%	$390K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	92.230	−0.005%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.240	+0.006%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0251%	8h	92.200	−0.038%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERPlong	+0.0261%	1h	92.235	long leg	$79K	$137K	15x
BloFin HYPE-USDT	+0.0324%	4h	92.213	−0.024%	$16.7M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.171	−0.069%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0334%	1h	92.205	−0.032%	$20.5M	$30.5M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0433%	1h	92.252	+0.019%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDCshort	+0.0687%	1h	92.344	+0.118%	$3.1M	$6.4M	20x