HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1976%/8h= −216.4% APRnext payment −$2.47 per $10,000 · paid last 24h −0.247%

Price spread now: Hibachi against Extended−0.287%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on Extended Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−1.701%−$170 on $10k

Price spread, last 4 days (all we have)+0.536%+$54 · spread now −0.287%, 7d avg −0.023%

Together, before fees−1.164%+ Points / potential airdropExtended: Active · Hibachi: Active · farm board−$116 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$59 a day on $10k at the current rate, and Hibachi is 0.264% cheaper against Extended than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HYPE-USD	93.382	0.0104	pay 0.0013% / 1h	1m 10s	$18.1M	$43.2M	50x
Short	Hibachi HYPE/USDT-P	93.114	−0.1872	pay 0.0234% / 1h	1m 10s	$196K	$232K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Extended. 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 ExtendedbpFee HibachibpOrdersPrice spread, now −0.287%Rate

Funding earned: −$414.96
Price spread: −0.287% → −0.023%: −$26.41
Slippage, 4 orders: −$48.07
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$503.44
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Hibachi: live order book, 53 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 Extended live order book, 3 min ago	0.05 bp	2.6 bp −$3	5.6 bp −$56	24.1 bp −$2,412	doesn't fit
Sell Hibachi live order book, 53 min ago	9.25 bp	13.8 bp −$14	37.0 bp −$370	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	−0.1872%	1h	93.114	−0.287%	$196K	$232K	7x
Aftermath Perps HYPEUSD	−0.0335%	1h	93.287	−0.101%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	93.373	−0.009%	$1.0M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.316	−0.070%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0041%	4h	93.402	+0.022%	$146K	$664K	20x	as long as short
Bullet HYPE-USD	−0.0012%	1h	93.395	+0.015%	$112K	$578K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0008%	1h	93.330	−0.055%	$703K	$1.2M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.328	−0.057%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.404	+0.024%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.436	+0.058%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0016%	1h	93.440	+0.063%	$87K	$366K	20x	as long as short
Phemex HYPEUSDT	+0.0020%	8h	93.414	+0.035%	$12.6M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0025%	8h	93.401	+0.021%	$317.9M	$283.9M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.446	+0.069%	$209K	$1.2M	10x	as long as short
Bitget HYPEUSDT	+0.0026%	4h	93.403	+0.023%	$226.1M	$99.0M	75x	as long as short
Popdex HYPEUSDT	+0.0064%	1h	93.410	+0.031%	$77K	$1.1M	50x	as long as short
Gate HYPE_USDT	+0.0064%	4h	93.417	+0.038%	$45.9M	$55.2M	75x	as long as short
edgeX HYPEUSDC	+0.0082%	4h	93.336	−0.049%	$5.0M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.371	−0.011%	$340K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.428	+0.050%	$16.1M	$63.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.424	+0.045%	$3.1M	$11.7M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.400	+0.020%	$12K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.419	+0.041%	$7.5M	$47.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.480	+0.105%	$2.03B	$665.9M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.409	+0.029%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.369	−0.013%	$10.1M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.429	+0.051%	$374.8M	$909.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.409	+0.029%	$114.7M	$306.2M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.328	−0.057%	$203K	$3K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.417	+0.038%	$91.9M	$81.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.427	+0.049%	$46.2M	$18.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.405	+0.025%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.444	+0.067%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.319	−0.067%	$28.8M	$56.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.407	+0.027%	$7.5M	$47.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.335	−0.050%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.244	−0.147%	$666K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.441	+0.064%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.456	+0.080%	$490K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.393	+0.012%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.388	+0.006%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.306	−0.081%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.407	+0.027%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.550	+0.180%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USDlong	+0.0104%	1h	93.382	long leg	$18.1M	$43.2M	50x
Aevo HYPE-PERP	+0.0104%	1h	93.398	+0.017%	$395K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.500	+0.127%	$4.8M	$5.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0145%	8h	93.417	+0.038%	$1.8M	$5.5M	2.3x	as long as short
Kraken Futures PF_HYPEUSD	+0.0196%	1h	93.476	+0.102%	$20.8M	$29.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.170	−0.227%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0267%	1h	93.436	+0.058%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.442	+0.065%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.430	+0.052%	$16.8M	$11.9M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0467%	1h	93.502	+0.129%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.465	+0.089%	$3.2M	$6.3M	20x	as long as short