HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0364%/8h= +39.9% APRnext payment +$0.46 per $10,000 · paid last 24h +0.238%

Price spread now: ApeX Omni against Hibachi−0.001%7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs+$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$770.765% of the position

Long on Hibachi Short on ApeX Omni

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)−0.113%−$11 · spread now −0.001%, 7d avg +0.068%

Together, before fees+1.558%+ Points / potential airdropHibachi: Active · farm board+$156 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.069% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.068%). If the spread goes back, that is −$7 on $10k: about 15 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+1.672% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	92.680	−0.0264	get 0.0033% / 1h	23m 05s	$194K	$229K	7x
Short	ApeX Omni HYPEUSDT	92.679	0.0100	get 0.0013% / 1h	23m 05s	$350K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hibachi. 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 HibachibpFee ApeX OmnibpOrdersPrice spread, now −0.001%Rate

Funding earned: $76.44
Price spread: −0.001% → +0.068%: −$6.9
Slippage, 4 orders: −$57.53
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$6.99
Costs to cover: 0.765%
Break-even: 7.6 days

Slippage from Hibachi: live order book, 36 min ago; ApeX Omni: live order book, 1 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 Hibachi live order book, 36 min ago	14.58 bp	25.8 bp −$26	45.4 bp −$454	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	3.45 bp	10.2 bp −$10	13.4 bp −$134	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
Arcus HYPE-USD	−0.0948%	1h	92.614	−0.071%	$1.1M	$3.9M	10x	as long as short
Hibachi HYPE/USDT-Plong	−0.0264%	1h	92.680	long leg	$194K	$229K	7x
Aftermath Perps HYPEUSD	−0.0222%	1h	92.632	−0.052%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.700	+0.022%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0064%	4h	92.641	−0.042%	$157K	$666K	20x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	92.700	+0.022%	$87K	$359K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.674	−0.006%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.688	+0.009%	$22K	$304K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.696	+0.017%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0021%	8h	92.666	−0.015%	$12.5M	$2.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps HYPE-USD.P	+0.0024%	1h	92.640	−0.043%	$697K	$1.1M	10x	as long as short
Bullet HYPE-USD	+0.0027%	1h	92.662	−0.019%	$111K	$579K	20x	as long as short
Aster HYPEUSDT	+0.0035%	4h	92.678	−0.002%	$8.7M	$36.3M	300x	as long as short
BingX HYPE-USDT	+0.0040%	4h	92.676	−0.004%	—	$53.4M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.652	−0.030%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0048%	8h	92.663	−0.018%	$316.5M	$282.0M	75x	as long as short
Gate HYPE_USDT	+0.0082%	4h	92.677	−0.003%	$44.5M	$55.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0086%	8h	92.678	−0.002%	$113.5M	$304.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0093%	8h	92.713	+0.035%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.685	+0.006%	$16.0M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.693	+0.014%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.677	−0.003%	$69K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.660	−0.021%	$41K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.680	+0.001%	$6.5M	$44.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.706	+0.028%	$2.02B	$662.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.705	+0.027%	$10.0M	$15.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.677	−0.003%	$372.2M	$904.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.680	0.000%	$87.5M	$80.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.677	−0.003%	$46.0M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.672	−0.008%	$224.3M	$98.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.659	−0.022%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.628	−0.056%	$28.5M	$57.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.667	−0.014%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDTshort	+0.0100%	1h	92.679	−0.001%	$350K	$1.0M	50x
StandX HYPE-USD	+0.0100%	1h	92.665	−0.016%	$664K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.729	+0.053%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.687	+0.008%	$465K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.647	−0.035%	$78K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.670	−0.011%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.676	−0.004%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.682	+0.002%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.843	+0.176%	$1.4M	$6.2M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.701	+0.023%	$202K	$13K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.657	−0.024%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.684	+0.004%	$392K	$164K	20x	as long as short
edgeX HYPEUSDC	+0.0117%	4h	92.646	−0.036%	$5.0M	$29.5M	30x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.346%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.720	+0.043%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0242%	8h	92.747	+0.073%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0262%	1h	92.664	−0.017%	$79K	$134K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.679	−0.001%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0332%	1h	92.743	+0.068%	$20.6M	$30.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.691	+0.012%	$16.6M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0386%	1h	92.768	+0.095%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.742	+0.067%	$3.2M	$6.4M	20x	as long as short