HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0172%/8h= +18.8% APRnext payment +$0.21 per $10,000 · paid last 24h +0.039%

Price spread now: Reya against StandX−0.070%58s7-day average −0.027% · you buy dearer than you sell

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

Long on StandX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.070%, 7d avg −0.027%

Together, before fees+0.044%+ Points / potential airdropStandX: Active · Reya: Active · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.043% cheaper against StandX than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.027%). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.010% in total) that is about 16 days. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX HYPE-USD	94.230	0.0100	pay 0.0013% / 1h	10m 25s	$681K	$2.7M	20x
Short	Reya HYPERUSDPERP	94.164	0.0272	get 0.0034% / 1h	10m 25s	$82K	$134K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against StandX. 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 StandXbpFee ReyabpOrdersPrice spread, now −0.070%Rate

Funding earned: $36.11
Price spread: −0.070% → −0.027%: −$4.26
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $17.85
Costs to cover: 0.140%
Break-even: 3.5 days

Slippage unknown: StandX: live order book, 3 min ago; Reya: no order-book sample. 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 StandX live order book, 3 min ago	0.05 bp	4.1 bp −$4	4.2 bp −$42	14.9 bp −$1,491	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	−0.1136%	1h	94.129	−0.107%	$200K	$236K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0163%	1h	94.257	+0.028%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0084%	1h	94.190	−0.042%	$710K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.196	−0.036%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0068%	1h	94.161	−0.073%	$111K	$578K	20x	as long as short
01 Exchange HYPEUSD	−0.0040%	1h	94.165	−0.069%	$87K	$367K	20x	as long as short
Bluefin HYPE-PERP	−0.0034%	1h	94.178	−0.055%	$80K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0013%	4h	94.155	−0.080%	$146K	$686K	20x	as long as short
Bybit HYPEUSDT	−0.0001%	8h	94.121	−0.116%	$316.7M	$288.9M	75x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.211	−0.020%	$129K	$26K	5x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXHYPEPERP	0.0000%	8h	94.289	+0.063%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.151	−0.083%	$19K	$287K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.183	−0.050%	$84K	—	150x	as long as short
Phoenix HYPE	+0.0017%	1h	94.235	+0.005%	$207K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0054%	4h	94.130	−0.106%	$226.7M	$99.6M	75x	as long as short
Phemex HYPEUSDT	+0.0062%	8h	94.152	−0.083%	$12.8M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0071%	8h	94.217	−0.014%	$337K	$156K	20x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	94.173	−0.060%	$5.0M	$30.6M	30x	as long as short
Arcus HYPE-USD	+0.0084%	1h	94.147	−0.088%	$1.0M	$3.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.174	−0.059%	$16.3M	$64.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.183	−0.050%	$3.2M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.152	−0.083%	$79K	$1.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0097%	8h	94.116	−0.121%	$116.4M	$319.0M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.180	−0.053%	$13K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.159	−0.075%	$7.5M	$50.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.259	+0.031%	$2.07B	$688.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.162	−0.072%	$8.8M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.202	−0.030%	$10.2M	$15.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.157	−0.078%	$376.8M	$930.8M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.183	−0.050%	$217K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.159	−0.075%	$49.3M	$57.0M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.133	−0.103%	$89.8M	$85.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.165	−0.069%	$46.9M	$18.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.162	−0.072%	—	$53.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.203	−0.029%	$7.2M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.138	−0.098%	$29.1M	$55.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.189	−0.043%	$7.6M	$46.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.204	−0.028%	$362K	$1.0M	50x	as long as short
StandX HYPE-USDlong	+0.0100%	1h	94.230	long leg	$681K	$2.7M	20x
Vest HYPE-PERP	+0.0100%	1h	94.219	−0.012%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.162	−0.072%	$495K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.246	+0.017%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.194	−0.038%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.326	+0.102%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.120	−0.117%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.231	+0.001%	$398K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	94.230	0.000%	$4.7M	$6.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0022%	1h	94.248	+0.019%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0196%	1h	94.287	+0.060%	$7.5M	$4.3M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.130	−0.106%	$30K	$340K	12x	as long as short
Reya HYPERUSDPERPshort	+0.0272%	1h	94.164	−0.070%	$82K	$134K	15x
BloFin HYPE-USDT	+0.0340%	4h	94.196	−0.036%	$16.9M	$12.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0413%	1h	94.267	+0.039%	$20.2M	$30.3M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	94.197	−0.035%	$3.2M	$6.4M	20x	as long as short