HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1400%/8h= −153.3% APRnext payment −$1.75 per $10,000 · paid last 24h −0.228%

Price spread now: Hibachi against Aevo−0.108%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$870.873% of the position

Long on Aevo Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−1.672%−$167 on $10k

Price spread, last 4 days (all we have)+0.416%+$42 · spread now −0.108%, 7d avg −0.081%

Together, before fees−1.256%+ Points / potential airdropHibachi: Active · farm board−$126 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and Hibachi is 0.027% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.081%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	93.393	0.0104	pay 0.0013% / 1h	36m 17s	$397K	$162K	20x
Short	Hibachi HYPE/USDT-P	93.292	−0.1296	pay 0.0162% / 1h	36m 17s	$196K	$226K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Aevo. 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 AevobpFee HibachibpOrdersPrice spread, now −0.108%Rate

Funding earned: −$294
Price spread: −0.108% → −0.081%: −$2.73
Slippage, 4 orders: −$62.26
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$383.99
Costs to cover: 0.873%
Break-even: never at this rate

Slippage from Aevo: live order book, 28 min ago; Hibachi: live order book, 28 min ago.

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 Aevo live order book, 28 min ago	3.81 bp	15.6 bp −$16	17.5 bp −$175	19.9 bp −$1,986	doesn't fit
Sell Hibachi live order book, 28 min ago	12.16 bp	24.0 bp −$24	43.8 bp −$438	doesn't fit	doesn't fit

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-Pshort	−0.1296%	1h	93.292	−0.108%	$196K	$226K	7x
Arcus HYPE-USD	−0.0899%	1h	93.254	−0.149%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0085%	1h	93.340	−0.057%	$699K	$982K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.343	−0.053%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0062%	8h	93.367	−0.028%	$12.6M	$2.7M	50x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.351	−0.045%	$85K	$344K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0053%	1h	93.379	−0.015%	$22K	$21K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0045%	4h	93.354	−0.042%	$155K	$634K	20x	as long as short
Bullet HYPE-USD	−0.0016%	1h	93.392	−0.001%	$112K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.361	−0.034%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.398	+0.006%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.414	+0.023%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0017%	4h	93.393	0.000%	$8.8M	$35.5M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.398	+0.005%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0026%	4h	93.386	−0.007%	—	$53.0M	—	as long as short
Bybit HYPEUSDT	+0.0032%	8h	93.390	−0.003%	$321.4M	$277.1M	75x	as long as short
Gate HYPE_USDT	+0.0058%	4h	93.384	−0.010%	$44.6M	$54.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0078%	8h	93.380	−0.014%	$114.2M	$302.0M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.417	+0.026%	$16.3M	$61.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.406	+0.014%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.341	−0.056%	$69K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0096%	4h	93.400	+0.008%	$89.9M	$80.7M	100x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.431	+0.041%	$339K	$162K	20x	as long as short
Binance HYPEUSDT	+0.0098%	4h	93.401	+0.009%	$378.8M	$876.5M	75x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.340	−0.057%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.388	−0.006%	$5.8M	$43.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.437	+0.047%	$2.04B	$653.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.412	+0.020%	$10.0M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.580	+0.200%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.374	−0.020%	$45.9M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.401	+0.009%	$225.9M	$96.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.350	−0.046%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.317	−0.081%	$31.1M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.307	−0.092%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.310	−0.089%	$339K	$999K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.386	−0.007%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.392	−0.001%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.381	−0.013%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.375	−0.019%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.373	−0.022%	$16.2M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.449	+0.060%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.401	+0.009%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.373	−0.021%	$18.4M	$43.6M	50x	as long as short
Aevo HYPE-PERPlong	+0.0104%	1h	93.393	long leg	$397K	$162K	20x
edgeX HYPEUSDC	+0.0108%	4h	93.349	−0.047%	$5.1M	$29.6M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.420	+0.029%	$4.8M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0194%	4h	93.546	+0.164%	$1.4M	$6.0M	75x	as long as short
Reya HYPERUSDPERP	+0.0258%	1h	93.358	−0.037%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0277%	8h	93.458	+0.070%	$1.9M	$5.0M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0328%	1h	93.481	+0.094%	$7.5M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.410	+0.018%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0336%	4h	93.364	−0.031%	$17.0M	$11.6M	75x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.453	+0.064%	$3.2M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.180	−0.228%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.444	+0.054%	$20.8M	$29.9M	50x	as long as short