HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1664%/8h= +182.2% APRnext payment +$2.08 per $10,000 · paid last 24h +0.232%

Price spread now: dYdX against Hibachi+0.131%45s7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs+$16as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1411.409% of the position

Long on Hibachi Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.567%+$157 on $10k

Price spread, last 4 days (all we have)−0.243%−$24 · spread now +0.131%, 7d avg +0.070%

Together, before fees+1.324%+ Points / potential airdropHibachi: Active · farm board+$132 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and dYdX is 0.061% dearer against Hibachi than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.070%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	93.244	−0.1664	get 0.0208% / 1h	34m 34s	$196K	$234K	7x
Short	dYdX HYPE-USD	93.367	0	get 0.0000% / 1h	34m 34s	$128K	$29K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.131%Rate

Funding earned: $349.44
Price spread: +0.131% → +0.070%: $6.1
Slippage, 4 orders: −$121.94
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: $214.6
Costs to cover: 1.409%
Break-even: 2.7 days

Slippage from Hibachi: live order book, 14 min ago; dYdX: live order book, 14 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, 14 min ago	24.38 bp	29.9 bp −$30	49.1 bp −$491	doesn't fit	doesn't fit
Sell dYdX live order book, 14 min ago	36.06 bp	41.1 bp −$41	83.6 bp −$836	187.7 bp −$18.8K	1256.5 bp −$628.3K

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	−0.1664%	1h	93.244	long leg	$196K	$234K	7x
Aftermath Perps HYPEUSD	−0.0381%	1h	93.358	+0.122%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.328	+0.090%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0071%	1h	93.494	+0.268%	$112K	$578K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0022%	4h	93.508	+0.283%	$146K	$662K	20x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.305	+0.065%	$87K	$366K	20x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	93.367	+0.131%	$128K	$29K	5x
Perpl HYPE	0.0000%	43m	93.487	+0.260%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.534	+0.310%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.274	+0.032%	$1.0M	$4.0M	10x	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	+0.0013%	1h	93.430	+0.199%	$702K	$1.2M	10x	as long as short
Bitget HYPEUSDT	+0.0016%	4h	93.284	+0.043%	$225.5M	$98.9M	75x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	93.250	+0.006%	$316.8M	$283.2M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.434	+0.203%	$209K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0033%	8h	93.518	+0.293%	$12.6M	$2.7M	50x	as long as short
edgeX HYPEUSDC	+0.0094%	4h	93.304	+0.064%	$5.0M	$30.0M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.356	+0.120%	$340K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.333	+0.095%	$16.1M	$63.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.343	+0.106%	$3.1M	$11.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.285	+0.044%	$76K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.260	+0.017%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.314	+0.075%	$8.0M	$48.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.409	+0.176%	$2.03B	$668.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.360	+0.124%	$8.7M	$36.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.339	+0.102%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.287	+0.046%	$373.8M	$913.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.260	+0.017%	$114.3M	$309.3M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.312	+0.073%	$46.7M	$54.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.312	+0.073%	$89.8M	$80.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.324	+0.085%	$46.1M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.325	+0.087%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.529	+0.305%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.351	+0.114%	$28.6M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.365	+0.130%	$7.5M	$47.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.331	+0.093%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.497	+0.271%	$669K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.365	+0.129%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.512	+0.287%	$484K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.516	+0.291%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.496	+0.270%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.475	+0.247%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.523	+0.299%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.600	+0.381%	$1.4M	$6.5M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.344	+0.107%	$215K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.274	+0.032%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.520	+0.295%	$395K	$161K	20x	as long as short
Kalshi KXHYPEPERP	+0.0112%	8h	93.541	+0.318%	$1.8M	$5.7M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.350	+0.113%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.500	+0.274%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	93.495	+0.269%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.526	+0.302%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.516	+0.291%	$16.9M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0340%	1h	93.596	+0.377%	$20.9M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0509%	1h	93.608	+0.390%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.364	+0.128%	$3.2M	$6.2M	20x	as long as short