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Funding arb · Price arb /

HYPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.1356%/8h= +148.5% APRnext payment +$1.69 per $10,000 · paid last 24h +0.260%
Price spread now: StandX against Hibachi+0.026%57s7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs+$102as 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−$690.694% of the position
Long on HibachiShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+1.711%+$171 on $10k
Price spread, last 4 days (all we have)+0.103%+$10 · spread now +0.026%, 7d avg +0.079%
Together, before fees+1.814%+ Points / potential airdropHibachi: Active · StandX: Active · farm board+$181 on $10k · with fees, hour by hour
Funding pays, the price is against you. StandX is 0.054% cheaper against Hibachi than usual: you would sell low and buy high (spread +0.026% now, against its 7-day average of +0.079%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$41 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi HYPE/USDT-P93.851−0.1256get 0.0157% / 1h57m 28s$200K$242K7x
ShortStandX HYPE-USD93.8750.0100get 0.0013% / 1h57m 28s$680K$2.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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

Funding earned
$284.76
Price spread: +0.026% → +0.079%
−$5.37
Slippage, 4 orders
−$52.36
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee StandX: 4 bp × 2 orders
−$8
Net
$210.03
Costs to cover
0.694%
Break-even
1.8 days
Slippage from Hibachi: live order book, 51 min ago; StandX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi live order book, 51 min ago24.38 bp29.9 bp −$3049.1 bp −$491doesn't fitdoesn't fit
Sell StandX live order book, 1 min ago1.28 bp5.3 bp −$55.5 bp −$5513.7 bp −$1,365doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-Plong−0.1256%1h93.851long leg$200K$242K7x
Aftermath Perps HYPEUSD−0.0276%1h94.143+0.311%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.992+0.150%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.813−0.040%$86K$372K20xas long as short
Ondo Perps HYPE-USD.P−0.0035%1h93.700−0.161%$709K$1.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0016%4h93.764−0.093%$150K$680K20xas long as short
dYdX HYPE-USD0.0000%1h93.897+0.049%$129K$29K5xas long as short
Perpl HYPE0.0000%43m93.809−0.045%$22K$285K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.828−0.025%$63K—150xas long as short
BingX HYPE-USDT+0.0014%4h93.779−0.077%—$53.8M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT+0.0018%8h93.780−0.076%$317.0M$287.3M75xas long as short
Phoenix HYPE+0.0026%1h94.145+0.313%$209K$1.1M10xas long as short
Bluefin HYPE-PERP+0.0027%1h93.785−0.070%$79K$166K20xas long as short
Bitget HYPEUSDT+0.0040%4h93.776−0.080%$226.1M$99.3M75xas long as short
Phemex HYPEUSDT+0.0054%8h93.817−0.036%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0080%4h93.922+0.076%$5.0M$30.4M30xas long as short
Arcus HYPE-USD+0.0084%1h93.772−0.084%$1.0M$4.0M10xas long as short
SoDEX HYPE-USD+0.0088%1h93.785−0.070%$2.0M$1.9M10xas long as short
Paradex HYPE-USD-PERP+0.0092%8h93.883+0.034%$341K$158K20xas long as short
Lighter HYPE+0.0096%1h93.836−0.016%$16.2M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.823−0.030%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.791−0.064%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.780−0.076%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.778−0.078%$6.2M$50.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.950+0.106%$2.06B$683.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.788−0.067%$8.9M$37.2M300xas long as short
Pacifica HYPE+0.0100%1h93.855+0.004%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.801−0.054%$377.1M$928.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.794−0.061%$115.8M$316.5M50xas long as short
Bulk HYPE-USD+0.0100%1h94.213+0.386%$217K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.785−0.070%$48.3M$54.7M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.835−0.017%$88.0M$82.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.874+0.025%$46.3M$18.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.799−0.055%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h94.028+0.188%$28.8M$56.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.099+0.264%$7.7M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.152+0.321%$344K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.875+0.026%$680K$2.8M20x
Vest HYPE-PERP+0.0100%1h93.931+0.085%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.907+0.060%$477K$2.8M20xas long as short
Bullet HYPE-USD+0.0100%1h93.812−0.042%$112K$581K20xas long as short
Derive HYPE-PERP+0.0100%1h93.782−0.073%$16.4M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.888+0.039%$32K$1.6M20xas long as short
HTX HYPE-USDT+0.0100%4h93.950+0.106%$1.4M$6.7M75xas long as short
Extended HYPE-USD+0.0104%1h93.742−0.116%$18.3M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.797−0.057%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0111%8h93.863+0.013%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.830−0.022%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.860+0.010%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0270%1h93.797−0.057%$77K$130K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0315%1h93.880+0.031%$7.4M$4.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.835−0.017%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.949+0.104%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0414%1h93.840−0.011%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.814−0.039%$3.2M$6.4M20xas long as short