HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1068%/8h= −116.9% APRnext payment −$1.33 per $10,000 · paid last 24h −0.219%

Price spread now: Hibachi against Bulk−0.098%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$670.673% of the position

Long on Bulk Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−1.126%−$113 on $10k

Price spread, last 4 days (all we have)+0.942%+$94 · spread now −0.098%, 7d avg −0.108%

Together, before fees−0.184%+ Points / potential airdropHibachi: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.108%, so right now this pair is about funding alone: −$32 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk HYPE-USD	93.880	0.0100	pay 0.0013% / 1h	25m 00s	$204K	$10K	10x
Short	Hibachi HYPE/USDT-P	93.788	−0.0968	pay 0.0121% / 1h	25m 00s	$197K	$229K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Bulk. 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 BulkbpFee HibachibpOrdersPrice spread, now −0.098%Rate

Funding earned: −$224.28
Price spread: −0.098% → −0.108%: $1.03
Slippage, 4 orders: −$51.28
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$290.52
Costs to cover: 0.673%
Break-even: never at this rate

Slippage from Bulk: live order book, 44 min ago; Hibachi: live order book, 44 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 Bulk live order book, 44 min ago	0.53 bp	4.0 bp −$4	4.5 bp −$45	9.1 bp −$907	23.2 bp −$11.6K
Sell Hibachi live order book, 44 min ago	20.74 bp	33.6 bp −$34	53.3 bp −$533	doesn't fit	doesn't fit

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-Pshort	−0.0968%	1h	93.788	−0.098%	$197K	$229K	7x
Arcus HYPE-USD	−0.0786%	1h	93.740	−0.149%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0135%	1h	93.774	−0.113%	$22K	$21K	10x	as long as short
Phemex HYPEUSDT	−0.0129%	8h	93.855	−0.027%	$12.7M	$2.7M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.874	−0.006%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0077%	1h	93.860	−0.021%	$703K	$929K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0057%	4h	93.891	+0.012%	$157K	$646K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	93.884	+0.004%	$85K	$350K	20x	as long as short
Backpack HYPE_USDC_PERP	−0.0041%	1h	93.842	−0.040%	$7.8M	$10.3M	20x	as long as short
Gate HYPE_USDT	−0.0028%	4h	93.883	+0.003%	$44.4M	$55.0M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	−0.0002%	4h	93.851	−0.031%	—	$53.7M	—	as long as short
Aster HYPEUSDT	−0.0001%	4h	93.878	−0.002%	$8.9M	$35.9M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.860	−0.022%	$129K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.907	+0.029%	$22K	$326K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.927	+0.050%	$26K	—	150x	as long as short
Bybit HYPEUSDT	+0.0005%	8h	93.840	−0.043%	$322.3M	$281.2M	75x	as long as short
Phoenix HYPE	+0.0060%	1h	93.904	+0.026%	$213K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.858	−0.023%	$87.8M	$82.9M	100x	as long as short
Binance HYPEUSDT	+0.0068%	4h	93.861	−0.020%	$382.0M	$893.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0069%	8h	93.839	−0.044%	$115.4M	$308.7M	50x	as long as short
Bullet HYPE-USD	+0.0074%	1h	93.914	+0.036%	$112K	$578K	20x	as long as short
edgeX HYPEUSDC	+0.0079%	4h	93.907	+0.028%	$5.1M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.905	+0.026%	$341K	$164K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.933	+0.056%	$16.4M	$62.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.928	+0.051%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.866	−0.015%	$67K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.922	+0.045%	$400K	$177K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.860	−0.021%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.820	−0.063%	$5.7M	$45.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.975	+0.101%	$2.05B	$672.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.889	+0.009%	$10.1M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.889	+0.010%	$46.5M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.850	−0.032%	$227.4M	$98.6M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.910	+0.031%	$31.1M	$54.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.889	+0.010%	$7.6M	$47.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.834	−0.049%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.920	+0.043%	$670K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.922	+0.045%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.921	+0.044%	$474K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.898	+0.019%	$80K	$172K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.891	+0.011%	$16.3M	$7.7M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.949	+0.073%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.904	+0.026%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USDlong	+0.0100%	1h	93.880	long leg	$204K	$10K	10x
Extended HYPE-USD	+0.0104%	1h	93.836	−0.047%	$18.3M	$44.3M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.960	+0.085%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.760	−0.128%	$30K	$339K	12x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.936	+0.060%	$3.2M	$7.0M	20x	as long as short
HTX HYPE-USDT	+0.0212%	4h	94.019	+0.148%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0255%	1h	93.886	+0.006%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0274%	8h	93.918	+0.040%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0156%	1h	93.922	+0.045%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0495%	1h	94.008	+0.136%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0678%	1h	94.001	+0.129%	$21.0M	$29.8M	50x	as long as short