Funding you earn now, next payment 22:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.016%
Price spread now: Reya against Variational Omni−0.022%7-day average +0.005% · 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)−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)+0.179%+$18 · spread now −0.022%, 7d avg +0.005%
=Together, before fees+0.172%+ Points / potential airdropVariational Omni: Active · Reya: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.027% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.005%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni HYPE | 93.263 | 0.0100 | pay 0.0100% / 8h | 2h 05m | $29.1M | $50.2M | — |
| Short | Reya HYPERUSDPERP | 93.242 | 0.0246 | get 0.0031% / 1h | 5m 27s | $78K | $158K | 15x |
Variational Omni HYPE
Reya HYPERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Variational Omni. 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
- $30.62
- Price spread: −0.022% → +0.005%
- −$2.66
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $21.97
- Costs to cover
- 0.060%
- Break-even
- 2.0 days
Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago | 0.42 bp | doesn't fit | 2.8 bp −$28 | 12.0 bp −$1,196 | 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 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 | −0.0848% | 1h | 93.321 | +0.063% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0253% | 1h | 93.394 | +0.140% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0230% | 1h | 93.210 | −0.056% | $700K | $934K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.258 | −0.005% | $90K | $359K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.220 | −0.046% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0036% | 1h | 93.202 | −0.065% | $111K | $580K | 20x | as long as short |
| Derive HYPE-PERP | −0.0035% | 1h | 93.179 | −0.089% | $16.3M | $7.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.280 | +0.018% | $127K | $32K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.335 | +0.078% | $1.9M | $5.2M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.264 | +0.001% | $23K | $334K | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Derive HYPE-PERP
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.270 | +0.008% | $20K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0009% | 4h | 93.240 | −0.024% | $8.9M | $35.7M | 300x | as long as short |
| Gate HYPE_USDT | +0.0028% | 4h | 93.237 | −0.028% | $43.9M | $57.8M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0030% | 8h | 93.237 | −0.028% | $324.7M | $287.2M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0032% | 1h | 93.240 | −0.024% | $56K | $1.2M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0053% | 4h | 93.228 | −0.037% | $165K | $538K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.345 | +0.088% | $215K | $1.2M | 10x | as long as short |
| Vest HYPE-PERP | +0.0082% | 1h | 93.259 | −0.004% | — | $454K | 5x | as long as short |
| SoDEX HYPE-USD | +0.0084% | 1h | 93.220 | −0.046% | $2.0M | $2.0M | 10x | as long as short |
| Bluefin HYPE-PERP | +0.0096% | 1h | 93.230 | −0.035% | $75K | $168K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.251 | −0.013% | $18.6M | $60.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.238 | −0.026% | $3.1M | $12.4M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.234 | −0.031% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.280 | +0.019% | $36K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.243 | −0.022% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.302 | +0.042% | $2.03B | $671.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.239 | −0.025% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.240 | −0.024% | $384.8M | $889.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.234 | −0.031% | $114.5M | $314.5M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.206 | −0.061% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.285 | +0.024% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.220 | −0.046% | $92.9M | $82.5M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.217 | −0.049% | $46.1M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.258 | −0.005% | $226.5M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.236 | −0.029% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.262 | −0.001% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPElong | +0.0100% | 8h | 93.263 | long leg | $29.1M | $50.2M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.304 | +0.044% | $7.5M | $45.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.323 | +0.065% | $405K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.270 | +0.008% | $674K | $2.5M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.265 | +0.002% | $492K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.270 | +0.008% | $32K | $1.6M | 20x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.274 | +0.012% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.229 | −0.037% | $18.4M | $41.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.196 | −0.072% | $396K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0113% | 4h | 93.268 | +0.006% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.260 | −0.003% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERPshort | +0.0246% | 1h | 93.242 | −0.022% | $78K | $158K | 15x | |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.910 | +0.694% | $31K | $291K | 12x | as long as short |
| HTX HYPE-USDT | +0.0292% | 4h | 93.450 | +0.201% | $1.5M | $7.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.268 | +0.005% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0340% | 1h | 93.350 | +0.094% | $7.4M | $4.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.275 | +0.013% | $17.1M | $12.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.307 | +0.047% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.388 | +0.135% | $19.2M | $26.3M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Popdex HYPEUSDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
Vest HYPE-PERP
SoDEX HYPE-USD
Bluefin HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
SunX HYPE-USDT
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD