Funding you earn now, next payment 02:00 UTC+0.0924%/8h= +101.2% APRnext payment +$1.16 per $10,000 · paid last 24h +0.189%
Price spread now: Ondo Perps against Hibachi+0.162%7-day average −0.018% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.520%+$152 on $10k
+Price spread, last 4 days (all we have)−1.410%−$141 · spread now +0.162%, 7d avg −0.018%
=Together, before fees+0.109%+ Points / potential airdropHibachi: Active · Ondo Perps: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Ondo Perps is 0.180% dearer against Hibachi than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi HYPE/USDT-P | 93.698 | −0.1000 | get 0.0125% / 1h | 21m 47s | $197K | $229K | 7x |
| Short | Ondo Perps HYPE-USD.P | 93.850 | −0.0076 | pay 0.0010% / 1h | 21m 47s | $703K | $924K | 10x |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $194.04
- Price spread: +0.162% → −0.018%
- $18.03
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $198.07
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Hibachi: live order book, 47 min ago; Ondo Perps: 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, 47 min ago | 20.74 bp | 25.2 bp −$25 | 44.6 bp −$446 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 54 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 | −0.1000% | 1h | 93.698 | long leg | $197K | $229K | 7x | |
| Arcus HYPE-USD | −0.0786% | 1h | 93.765 | +0.072% | $1.2M | $3.8M | 10x | as long as short |
| Phemex HYPEUSDT | −0.0148% | 8h | 93.882 | +0.196% | $12.7M | $2.7M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0129% | 1h | 93.822 | +0.132% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.875 | +0.189% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.Pshort | −0.0076% | 1h | 93.850 | +0.162% | $703K | $924K | 10x | |
| Orderly PERP_HYPE_USDC | −0.0056% | 4h | 93.836 | +0.147% | $157K | $646K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.912 | +0.228% | $85K | $350K | 20x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0034% | 1h | 93.797 | +0.106% | $7.8M | $10.3M | 20x | as long as short |
| Gate HYPE_USDT | −0.0028% | 4h | 93.805 | +0.114% | $44.4M | $55.1M | 75x | as long as short |
Arcus HYPE-USD
Phemex HYPEUSDT
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Backpack HYPE_USDC_PERP
Gate HYPE_USDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0001% | 4h | 93.818 | +0.128% | $8.9M | $35.8M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.833 | +0.144% | $129K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.908 | +0.224% | $22K | $326K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.891 | +0.207% | $26K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0003% | 8h | 93.784 | +0.092% | $322.1M | $281.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0004% | 4h | 93.804 | +0.113% | — | $53.6M | — | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.922 | +0.239% | $213K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0068% | 4h | 93.797 | +0.106% | $88.6M | $83.0M | 100x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0069% | 8h | 93.788 | +0.096% | $115.3M | $308.0M | 50x | as long as short |
| Binance HYPEUSDT | +0.0069% | 4h | 93.795 | +0.104% | $381.4M | $891.6M | 75x | as long as short |
| Bullet HYPE-USD | +0.0073% | 1h | 93.895 | +0.210% | $112K | $577K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0079% | 4h | 93.907 | +0.223% | $5.1M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 93.839 | +0.150% | $341K | $164K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.831 | +0.141% | $16.4M | $62.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.818 | +0.128% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.887 | +0.202% | $67K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.878 | +0.193% | $399K | $175K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.890 | +0.205% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.913 | +0.230% | $5.8M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.903 | +0.219% | $2.05B | $665.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.828 | +0.139% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.832 | +0.143% | $46.5M | $18.0M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.816 | +0.126% | $227.3M | $98.4M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.910 | +0.226% | $31.1M | $54.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.947 | +0.266% | $7.6M | $47.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.891 | +0.206% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.836 | +0.147% | $670K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.945 | +0.263% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.937 | +0.255% | $474K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.849 | +0.161% | $79K | $171K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.850 | +0.163% | $16.3M | $7.7M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.982 | +0.303% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.834 | +0.145% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.880 | +0.194% | $204K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.779 | +0.086% | $18.3M | $44.2M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.920 | +0.237% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.800 | +0.109% | $30K | $339K | 12x | as long as short |
| HTX HYPE-USDT | +0.0203% | 4h | 94.008 | +0.331% | $1.4M | $5.9M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.962 | +0.282% | $3.2M | $7.0M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0255% | 1h | 93.910 | +0.226% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0276% | 8h | 93.993 | +0.315% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.901 | +0.216% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0389% | 1h | 93.950 | +0.269% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0679% | 1h | 93.921 | +0.238% | $21.0M | $29.8M | 50x | as long as short |
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Phoenix HYPE
MEXC HYPE_USDT
OKX HYPE-USDT-SWAP
Binance HYPEUSDT
Bullet HYPE-USD
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD