Funding you earn now, next payment 02:00 UTC+0.1144%/8h= +125.3% APRnext payment +$1.43 per $10,000 · paid last 24h +0.217%
Price spread now: Lighter RH against Hibachi−0.053%7-day average +0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs+$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$620.621% of the position
Funding, last 7 days+1.585%+$158 on $10k
+Price spread, last 4 days (all we have)−1.082%−$108 · spread now −0.053%, 7d avg +0.081%
=Together, before fees+0.502%+ Points / potential airdropHibachi: Active · Lighter RH: Points live · farm board+$50 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.134% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.081%). If the spread goes back, that is −$13 on $10k: about 9 hours of funding at the current rate (+$34 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi HYPE/USDT-P | 93.365 | −0.1048 | get 0.0131% / 1h | 45m 57s | $197K | $229K | 7x |
| Short | Lighter RH HYPE | 93.315 | 0.0096 | get 0.0012% / 1h | 45m 57s | $3.1M | $11.8M | 20x |
Hibachi HYPE/USDT-P
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Hibachi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $240.24
- Price spread: −0.053% → +0.081%
- −$13.4
- Slippage, 4 orders
- −$53.09
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $164.75
- Costs to cover
- 0.621%
- Break-even
- 2.2 days
Slippage from Hibachi: live order book, 23 min ago; Lighter RH: live order book, 3 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, 23 min ago | 20.74 bp | 25.2 bp −$25 | 44.6 bp −$446 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.07 bp | 2.1 bp −$2 | 4.3 bp −$43 | 26.3 bp −$2,627 | 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-Plong | −0.1048% | 1h | 93.365 | long leg | $197K | $229K | 7x | |
| Arcus HYPE-USD | −0.0786% | 1h | 93.182 | −0.196% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0186% | 1h | 93.361 | −0.004% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0124% | 1h | 93.240 | −0.134% | $698K | $977K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0118% | 1h | 93.254 | −0.119% | $7.8M | $10.4M | 20x | as long as short |
| Gate HYPE_USDT | −0.0084% | 4h | 93.285 | −0.085% | $44.2M | $53.9M | 75x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.376 | +0.012% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.315 | −0.053% | $84K | $361K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0052% | 4h | 93.269 | −0.103% | $158K | $646K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0051% | 8h | 93.331 | −0.036% | $12.7M | $2.7M | 50x | as long as short |
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Backpack HYPE_USDC_PERP
Gate HYPE_USDT
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Phemex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0026% | 4h | 93.289 | −0.082% | $8.9M | $36.2M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.318 | −0.051% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.325 | −0.043% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.318 | −0.051% | $26K | — | 150x | as long as short |
| Bluefin HYPE-PERP | +0.0006% | 1h | 93.269 | −0.103% | $79K | $174K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0011% | 8h | 93.225 | −0.150% | $319.0M | $283.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0016% | 4h | 93.289 | −0.081% | — | $54.3M | — | as long as short |
| Bullet HYPE-USD | +0.0027% | 1h | 93.285 | −0.086% | $111K | $579K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0044% | 4h | 93.236 | −0.138% | $88.1M | $82.4M | 100x | as long as short |
| Binance HYPEUSDT | +0.0044% | 4h | 93.268 | −0.103% | $380.2M | $905.2M | 75x | as long as short |
| Derive HYPE-PERP | +0.0058% | 1h | 93.257 | −0.116% | $16.2M | $7.6M | 10x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.190 | −0.187% | $212K | $1.2M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0062% | 4h | 93.437 | +0.077% | $5.1M | $29.9M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0064% | 8h | 93.234 | −0.140% | $114.9M | $315.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.317 | −0.052% | $16.4M | $62.2M | 20x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 93.315 | −0.053% | $3.1M | $11.8M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.329 | −0.038% | $65K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.271 | −0.101% | $397K | $177K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.397 | +0.034% | $339K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.360 | −0.005% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.284 | −0.087% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.387 | +0.024% | $2.04B | $675.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.345 | −0.021% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.404 | +0.042% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.293 | −0.077% | $46.0M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.248 | −0.125% | $225.7M | $100.7M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.241 | −0.133% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.420 | +0.059% | $7.5M | $47.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.460 | +0.102% | $338K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.428 | +0.068% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.356 | −0.009% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.326 | −0.042% | $467K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.350 | −0.016% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.292 | −0.078% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.210 | −0.166% | $18.4M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.410 | +0.048% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.250 | −0.123% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.407 | +0.045% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.367 | +0.002% | $2.7M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0253% | 1h | 93.290 | −0.080% | $79K | $142K | 15x | as long as short |
| HTX HYPE-USDT | +0.0256% | 4h | 93.464 | +0.106% | $1.4M | $6.1M | 75x | as long as short |
| Kalshi KXHYPEPERP | +0.0260% | 8h | 93.305 | −0.064% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.314 | −0.054% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0457% | 1h | 93.402 | +0.040% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.377 | +0.013% | $20.8M | $30.0M | 50x | as long as short |
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bluefin HYPE-PERP
Bybit HYPEUSDT
BingX HYPE-USDT
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
HTX HYPE-USDT
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD