S

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0201%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h +0.050%

Price spread now: Hyperliquid against Reya+0.022%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Hyperliquid

What this pair did over the last

the charts below follow

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 +$6 a day on $10k at the current rate, and Hyperliquid is 0.022% dearer against Reya than usual: you sell high and buy low: +$2 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 SRUSDPERP	0.04021	−0.0101	get 0.0013% / 1h	15m 07s	$4	—	15x
Short	Hyperliquid S	0.04022	0.0100	get 0.0013% / 1h	15m 07s	$1.0M	$595K	5x

Funding 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 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 HyperliquidbpOrdersPrice spread, now +0.022%Rate

Funding earned: $42.25
Price spread: +0.022% → 0.000%: $2.19
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $29.45
Costs to cover: 0.150%
Break-even: 2.1 days

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 5 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, 5 min ago	1.37 bp	15.7 bp −$16	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.

S on 25 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
01 Exchange SUSD	−1.0240%	1h	0.03840	−4.504%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1810%	1h	0.04019	−0.063%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03961	−1.495%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04021	−0.010%	$1K	—	100x	as long as short
Reya SRUSDPERPlong	−0.0101%	1h	0.04021	long leg	$4	—	15x
Variational Omni S	−0.0050%	4h	0.04028	+0.179%	$625K	$25K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04021	+0.008%	$620	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.962%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0084%	4h	0.04023	+0.047%	$100K	$557K	10x	as long as short
Lighter S	+0.0096%	1h	0.04028	+0.171%	$171K	$140K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid Sshort	+0.0100%	1h	0.04022	+0.022%	$1.0M	$595K	5x
Aster SUSDT	+0.0100%	4h	0.04023	+0.058%	$47K	$111K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04023	+0.035%	$5.7M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04017	−0.102%	$5.7M	$4.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04021	−0.003%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04024	+0.072%	$327K	$185K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04022	+0.022%	$3.8M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04022	+0.022%	$1.8M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04023	+0.047%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04022	+0.022%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04020	−0.028%	$24K	$484K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04020	−0.023%	$226K	$593K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04031	+0.246%	$277K	$115K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0745%	1h	0.04024	+0.072%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2417%	1h	0.04030	+0.221%	$117K	$426K	5x	as long as short