HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0244%/8h= +26.7% APRnext payment +$0.31 per $10,000 · paid last 24h +0.285%

Price spread now: Vest against Hibachi−0.095%7-day average +0.067% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hibachi Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.032%+$103 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.095%, 7d avg +0.067%

Together, before fees+1.014%+ Points / potential airdropHibachi: Active · Vest: Active · farm board+$101 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.163% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of +0.067%). If the spread goes back, that is −$16 on $10k: about 2.2 days of funding at the current rate (+$7 a day). At the pace of the last 4 days (+1.032% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	95.345	−0.0144	get 0.0018% / 1h	27m 49s	$218K	$275K	7x
Short	Vest HYPE-PERP	95.254	0.0100	get 0.0013% / 1h	27m 49s	—	$80K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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

Position, each leg$Hold fordaysFee HibachibpFee VestbpOrdersPrice spread, now −0.095%Rate

Funding earned: $51.24
Price spread: −0.095% → +0.067%: −$16.28
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: $23.96
Costs to cover: 0.110%
Break-even: 3.7 days

Slippage unknown: Hibachi: live order book, 19 min ago; Vest: 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, 19 min ago	2.90 bp	17.2 bp −$17	32.0 bp −$320	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 exchanges

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
Phemex HYPEUSDT	−0.0271%	8h	95.157	−0.197%	$13.0M	$2.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.224	−0.128%	$18.5M	$35.0M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0192%	1h	95.189	−0.164%	$22K	$17K	10x	as long as short
Hibachi HYPE/USDT-Plong	−0.0144%	1h	95.345	long leg	$218K	$275K	7x
Ondo Perps HYPE-USD.P	−0.0139%	1h	95.150	−0.205%	$687K	$1.3M	10x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.205	−0.147%	$1.0M	$2.4M	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	95.199	−0.153%	$102K	$344K	20x	as long as short
Bullet HYPE-USD	−0.0086%	1h	95.182	−0.171%	$113K	$580K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.197	−0.155%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0078%	4h	95.164	−0.190%	$55.3M	$53.6M	75x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin HYPE-PERP	−0.0060%	1h	95.195	−0.158%	$79K	$134K	20x	as long as short
Aster HYPEUSDT	−0.0060%	4h	95.168	−0.186%	$9.0M	$32.7M	300x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.220	−0.131%	$4.7M	$5.5M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0056%	4h	95.176	−0.177%	$148K	$642K	20x	as long as short
Lighter HYPE	−0.0040%	1h	95.145	−0.210%	$16.5M	$58.1M	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0023%	8h	95.120	−0.236%	$119.0M	$303.2M	50x	as long as short
ApeX Omni HYPEUSDT	−0.0017%	1h	95.150	−0.205%	$342K	$901K	50x	as long as short
Phoenix HYPE	−0.0008%	1h	95.062	−0.297%	$202K	$1.1M	10x	as long as short
Bitget HYPEUSDT	−0.0004%	4h	95.142	−0.213%	$228.7M	$85.7M	75x	as long as short
Perpl HYPE	0.0000%	43m	95.245	−0.106%	$24K	$250K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	0.0000%	1h	95.275	−0.074%	$7.5M	$4.3M	50x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.220	−0.131%	$114K	—	150x	as long as short
Popdex HYPEUSDT	+0.0016%	1h	95.206	−0.146%	$275K	$1.0M	50x	as long as short
Bybit HYPEUSDT	+0.0024%	8h	95.140	−0.215%	$321.6M	$263.7M	75x	as long as short
dYdX HYPE-USD	+0.0036%	1h	95.223	−0.128%	$128K	$94K	5x	as long as short
edgeX HYPEUSDC	+0.0048%	4h	95.101	−0.257%	$5.1M	$28.8M	30x	as long as short
MEXC HYPE_USDT	+0.0058%	4h	95.142	−0.213%	$90.0M	$84.0M	100x	as long as short
BingX HYPE-USDT	+0.0058%	4h	95.167	−0.187%	—	$48.9M	—	as long as short
Binance HYPEUSDT	+0.0058%	4h	95.160	−0.195%	$382.7M	$849.5M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0084%	8h	95.161	−0.193%	$340K	$30K	20x	as long as short
StandX HYPE-USD	+0.0090%	1h	95.176	−0.177%	$692K	$2.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.175	−0.179%	$3.4M	$10.1M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	95.204	−0.148%	$402K	$125K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.220	−0.131%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.175	−0.179%	$7.3M	$50.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.181	−0.172%	$10.3M	$13.1M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.174	−0.179%	$230K	$17K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.154	−0.201%	$47.6M	$17.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.149	−0.206%	$7.0M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.093	−0.265%	$29.6M	$52.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.129	−0.227%	$7.7M	$40.5M	10x	as long as short
Vest HYPE-PERPshort	+0.0100%	1h	95.254	−0.095%	—	$80K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	95.219	−0.132%	$504K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.246	−0.104%	$33K	$1.4M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.207	−0.145%	$2.1M	$334K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.298	−0.050%	$1.4M	$5.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.137	−0.218%	$18.3M	$39.1M	50x	as long as short
Kalshi KXHYPEPERP	+0.0128%	8h	95.279	−0.069%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.254	−0.096%	$3.1M	$5.2M	20x	as long as short
Hyperliquid HYPE	+0.0197%	1h	95.283	−0.065%	$2.11B	$646.1M	10x	as long as short
BloFin HYPE-USDT	+0.0230%	4h	95.206	−0.146%	$17.4M	$11.4M	75x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	95.141	−0.214%	$85K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.255	−0.095%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.500	+0.162%	$31K	$334K	12x	as long as short