HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1007%/8h= +110.3% APRnext payment +$1.26 per $10,000 · paid last 24h +0.210%

Price spread now: Derive against Hibachi+0.146%7-day average +0.055% · you sell dearer than you buy

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

Long on Hibachi Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+1.591%+$159 on $10k

Price spread, last 3 days (all we have)−0.190%−$19 · spread now +0.146%, 7d avg +0.055%

Together, before fees+1.401%+ Points / potential airdropHibachi: Active · farm board+$140 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Derive is 0.091% dearer against Hibachi than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	93.493	−0.1016	get 0.0127% / 1h	25m 46s	$197K	$233K	7x
Short	Derive HYPE-PERP	93.629	−0.0009	pay 0.0001% / 1h	25m 46s	$16.4M	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Hibachi. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DerivebpOrdersPrice spread, now +0.146%Rate

Funding earned: $211.45
Price spread: +0.146% → +0.055%: $9.05
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: $205.5
Costs to cover: 0.150%
Break-even: 0.2 days

Slippage unknown: Hibachi: live order book, 63 min ago; Derive: no order-book sample. 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 Hibachi live order book, 63 min ago	15.71 bp	25.8 bp −$26	43.8 bp −$438	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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.

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-Plong	−0.1016%	1h	93.493	long leg	$197K	$233K	7x
Aftermath Perps HYPEUSD	−0.0286%	1h	93.576	+0.089%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0243%	1h	93.570	+0.083%	$702K	$939K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.557	+0.069%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	93.688	+0.209%	$90K	$349K	20x	as long as short
Bullet HYPE-USD	−0.0035%	1h	93.676	+0.196%	$112K	$583K	20x	as long as short
Derive HYPE-PERPshort	−0.0009%	1h	93.629	+0.146%	$16.4M	$7.1M	10x
dYdX HYPE-USD	0.0000%	1h	93.721	+0.244%	$128K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.671	+0.190%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.718	+0.240%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0024%	4h	93.703	+0.225%	$9.0M	$35.8M	300x	as long as short
Gate HYPE_USDT	+0.0032%	4h	93.685	+0.206%	$44.1M	$57.0M	75x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.680	+0.200%	$326.3M	$287.0M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0066%	4h	93.677	+0.197%	$176K	$535K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.590	+0.104%	$216K	$1.2M	10x	as long as short
Popdex HYPEUSDT	+0.0072%	1h	93.653	+0.171%	$57K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.732	+0.255%	$18.6M	$59.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.716	+0.239%	$3.1M	$12.3M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.676	+0.196%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.640	+0.157%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.653	+0.171%	$6.0M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.770	+0.296%	$2.04B	$670.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.673	+0.192%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.696	+0.217%	$386.5M	$887.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.674	+0.194%	$115.1M	$315.8M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.613	+0.129%	$1.2M	$4.0M	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.713	+0.236%	$93.8M	$82.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.712	+0.234%	$46.5M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.702	+0.224%	$227.5M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.684	+0.205%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.719	+0.242%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.541	+0.051%	$28.9M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.580	+0.094%	$7.5M	$45.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.558	+0.070%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.586	+0.100%	$677K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.668	+0.187%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.696	+0.217%	$495K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.694	+0.215%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.696	+0.217%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.679	+0.199%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.656	+0.175%	$12.8M	$2.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.556	+0.068%	$204K	$12K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.679	+0.199%	$18.3M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.677	+0.197%	$398K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0116%	4h	93.544	+0.054%	$5.1M	$29.6M	30x	as long as short
Kalshi KXHYPEPERP	+0.0133%	8h	93.760	+0.286%	$1.9M	$5.3M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0166%	1h	93.783	+0.310%	$7.4M	$4.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.690	+0.211%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.665	+0.184%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.500	+0.008%	$30K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0316%	4h	93.850	+0.382%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0164%	1h	93.697	+0.219%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.597	+0.111%	$17.1M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.702	+0.224%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0572%	1h	93.790	+0.318%	$19.2M	$26.0M	50x	as long as short