HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0340%/8h= +37.2% APRnext payment +$0.43 per $10,000 · paid last 24h +0.239%

Price spread now: SoDEX against Hibachi+0.083%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$720.716% of the position

Long on Hibachi Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.059%+$106 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.083%, 7d avg +0.076%

Together, before fees+0.944%+ Points / potential airdropHibachi: Active · farm board+$94 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	92.701	−0.0240	get 0.0030% / 1h	20m 30s	$194K	$229K	7x
Short	SoDEX HYPE-USD	92.778	0.0100	get 0.0013% / 1h	20m 30s	$2.0M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.083%Rate

Funding earned: $71.4
Price spread: +0.083% → +0.076%: $0.64
Slippage, 4 orders: −$54.63
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $0.41
Costs to cover: 0.716%
Break-even: 7.0 days

Slippage from Hibachi: live order book, 38 min ago; SoDEX: 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, 38 min ago	14.58 bp	25.8 bp −$26	45.4 bp −$454	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.05 bp	7.5 bp −$7	11.8 bp −$118	102.2 bp −$10.2K	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	92.714	+0.014%	$1.1M	$3.9M	10x	as long as short
Hibachi HYPE/USDT-Plong	−0.0240%	1h	92.701	long leg	$194K	$229K	7x
Aftermath Perps HYPEUSD	−0.0227%	1h	92.666	−0.038%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.779	+0.084%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0064%	4h	92.738	+0.040%	$157K	$666K	20x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	92.797	+0.103%	$86K	$361K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.770	+0.075%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.755	+0.058%	$22K	$304K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.773	+0.078%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0022%	8h	92.718	+0.018%	$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
Bullet HYPE-USD	+0.0030%	1h	92.750	+0.053%	$111K	$579K	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0038%	1h	92.690	−0.012%	$697K	$1.1M	10x	as long as short
BingX HYPE-USDT	+0.0040%	4h	92.785	+0.090%	—	$53.4M	—	as long as short
Aster HYPEUSDT	+0.0042%	4h	92.793	+0.099%	$8.7M	$36.2M	300x	as long as short
Phoenix HYPE	+0.0043%	1h	92.652	−0.053%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0049%	8h	92.760	+0.063%	$316.8M	$281.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0088%	8h	92.745	+0.047%	$113.7M	$304.1M	50x	as long as short
Gate HYPE_USDT	+0.0090%	4h	92.786	+0.091%	$44.5M	$55.3M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	92.811	+0.118%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.794	+0.100%	$16.0M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.805	+0.112%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.762	+0.065%	$69K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.740	+0.042%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.788	+0.094%	$7.1M	$45.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.814	+0.122%	$2.02B	$663.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.825	+0.133%	$10.0M	$15.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.781	+0.086%	$372.6M	$903.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.794	+0.100%	$87.6M	$80.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.799	+0.105%	$46.0M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.778	+0.083%	$224.6M	$98.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.769	+0.073%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.688	−0.015%	$28.6M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.707	+0.007%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.679	−0.024%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.729	+0.030%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.800	+0.107%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.770	+0.074%	$465K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.733	+0.034%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.744	+0.047%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.714	+0.014%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDshort	+0.0100%	1h	92.778	+0.083%	$2.0M	$2.0M	10x
HTX HYPE-USDT	+0.0100%	4h	92.900	+0.214%	$1.4M	$6.2M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.701	0.000%	$202K	$13K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.774	+0.079%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.773	+0.078%	$392K	$164K	20x	as long as short
edgeX HYPEUSDC	+0.0116%	4h	92.666	−0.038%	$5.0M	$29.5M	30x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.322%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.780	+0.085%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0240%	8h	92.796	+0.102%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0262%	1h	92.754	+0.057%	$79K	$132K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.766	+0.070%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0331%	1h	92.840	+0.150%	$20.6M	$30.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.771	+0.075%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0472%	1h	92.865	+0.177%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.852	+0.163%	$3.2M	$6.4M	20x	as long as short