HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0984%/8h= +107.7% APRnext payment +$1.23 per $10,000 · paid last 24h +0.189%

Price spread now: 01 Exchange against Hibachi−0.063%7-day average +0.092% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$720.720% of the position

Long on Hibachi Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.089%+$109 on $10k

Price spread, last 4 days (all we have)−1.060%−$106 · spread now −0.063%, 7d avg +0.092%

Together, before fees+0.029%+ Points / potential airdropHibachi: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. 01 Exchange is 0.155% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.092%). If the spread goes back, that is −$15 on $10k: about 13 hours of funding at the current rate (+$30 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	93.783	−0.1032	get 0.0129% / 1h	20m 09s	$197K	$229K	7x
Short	01 Exchange HYPEUSD	93.724	−0.0048	pay 0.0006% / 1h	20m 09s	$85K	$350K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.063%Rate

Funding earned: $206.64
Price spread: −0.063% → +0.092%: −$15.46
Slippage, 4 orders: −$55.96
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $119.22
Costs to cover: 0.720%
Break-even: 3.0 days

Slippage from Hibachi: live order book, 49 min ago; 01 Exchange: live order book, 49 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, 49 min ago	20.74 bp	25.2 bp −$25	44.6 bp −$446	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 49 min ago	0.16 bp	6.1 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit

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	−0.1032%	1h	93.783	long leg	$197K	$229K	7x
Arcus HYPE-USD	−0.0786%	1h	93.609	−0.185%	$1.2M	$3.8M	10x	as long as short
Phemex HYPEUSDT	−0.0118%	8h	93.762	−0.022%	$12.7M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0103%	1h	93.815	+0.034%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.815	+0.034%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0079%	1h	93.850	+0.072%	$702K	$923K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0056%	4h	93.691	−0.098%	$156K	$646K	20x	as long as short
01 Exchange HYPEUSDshort	−0.0048%	1h	93.724	−0.063%	$85K	$350K	20x
Backpack HYPE_USDC_PERP	−0.0036%	1h	93.701	−0.087%	$7.8M	$10.3M	20x	as long as short
Gate HYPE_USDT	−0.0028%	4h	93.717	−0.070%	$44.4M	$55.1M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	−0.0001%	4h	93.706	−0.082%	$8.8M	$35.8M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.756	−0.028%	$129K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.755	−0.030%	$22K	$326K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.746	−0.040%	$26K	—	150x	as long as short
Bybit HYPEUSDT	+0.0003%	8h	93.700	−0.088%	$321.8M	$280.8M	75x	as long as short
BingX HYPE-USDT	+0.0004%	4h	93.732	−0.054%	—	$53.6M	—	as long as short
Phoenix HYPE	+0.0060%	1h	93.885	+0.109%	$213K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0064%	1h	93.716	−0.071%	$112K	$577K	20x	as long as short
Binance HYPEUSDT	+0.0067%	4h	93.706	−0.082%	$381.0M	$890.7M	75x	as long as short
MEXC HYPE_USDT	+0.0068%	4h	93.700	−0.088%	$88.9M	$83.2M	100x	as long as short
OKX HYPE-USDT-SWAP	+0.0068%	8h	93.700	−0.088%	$115.2M	$307.6M	50x	as long as short
edgeX HYPEUSDC	+0.0088%	4h	93.822	+0.042%	$5.1M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.766	−0.018%	$341K	$164K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.728	−0.058%	$16.4M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.727	−0.059%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.713	−0.074%	$67K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.714	−0.073%	$399K	$175K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.750	−0.035%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.727	−0.060%	$5.8M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.812	+0.031%	$2.05B	$665.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.757	−0.027%	$10.1M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.737	−0.049%	$46.4M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.712	−0.075%	$227.0M	$98.4M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.748	−0.037%	$31.1M	$54.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.837	+0.058%	$7.6M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.823	+0.043%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.887	+0.111%	$670K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.787	+0.005%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.750	−0.035%	$473K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.673	−0.117%	$79K	$171K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.699	−0.089%	$16.3M	$7.7M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.796	+0.014%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.701	−0.087%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.880	+0.104%	$204K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.675	−0.115%	$18.3M	$44.2M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.830	+0.050%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.740	−0.046%	$30K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0198%	4h	93.873	+0.096%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.801	+0.020%	$3.2M	$7.0M	20x	as long as short
Reya HYPERUSDPERP	+0.0255%	1h	93.709	−0.078%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0278%	8h	93.786	+0.004%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0156%	1h	93.737	−0.049%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0390%	1h	93.806	+0.025%	$7.4M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0680%	1h	93.795	+0.013%	$20.9M	$29.8M	50x	as long as short