Funding you earn now, next payment 03:00 UTC+0.1087%/8h= +119.1% APRnext payment +$1.36 per $10,000 · paid last 24h +0.369%
Price spread now: Hyperliquid against Reya+0.298%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropReya: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Hyperliquid is 0.298% dearer against Reya than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya POPCATRUSDPERP | 0.05635 | −0.0228 | get 0.0029% / 1h | 9m 09s | $1 | — | 10x |
| Short | Hyperliquid POPCAT | 0.05652 | 0.0859 | get 0.0107% / 1h | 9m 09s | $2.6M | $996K | 3x |
Reya POPCATRUSDPERP
Hyperliquid POPCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $228.36
- Price spread: +0.298% → 0.000%
- $29.81
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $243.16
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 2 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 Hyperliquid live order book, 2 min ago | 2.21 bp | doesn't fit | 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.
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.4257% | 1h | 0.05587 | −0.859% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERPlong | −0.0228% | 1h | 0.05635 | long leg | $1 | — | 10x | |
| Variational Omni POPCAT | −0.0099% | 4h | 0.05619 | −0.284% | $508K | $163K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05640 | +0.082% | $101K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05640 | +0.087% | $2.4M | $6.9M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05633 | −0.043% | $8.9M | $6.4M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05632 | −0.060% | $697K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05641 | +0.099% | $444K | $638K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05642 | +0.117% | $1.8M | $959K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05637 | +0.028% | $1.1M | $986K | 50x | as long as short |
Injective POPCAT/USDC PERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05641 | +0.099% | $1.2M | $940K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05644 | +0.153% | — | $6.8M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05660 | +0.437% | $22K | $649K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05635 | −0.007% | $96K | $526K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0134% | 4h | 0.05651 | +0.281% | $250K | $493K | 10x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0294% | 1h | 0.05638 | +0.053% | $151K | $147K | 20x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05641 | +0.099% | $125K | $326K | 50x | as long as short |
| Hyperliquid POPCATshort | +0.0859% | 1h | 0.05652 | +0.298% | $2.6M | $996K | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
Kraken Futures PF_POPCATUSD
BloFin POPCAT-USDT