HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0463%/8h= −50.7% APRnext payment −$0.58 per $10,000 · paid last 24h −0.287%

Price spread now: Hibachi against Injective−0.025%53s7-day average −0.257% · you buy dearer than you sell

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

Long on Injective Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−3.912%−$391 on $10k

Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.025%, 7d avg −0.257%

Together, before fees−3.864%+ Points / potential airdropHibachi: Active · farm board−$386 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hibachi is 0.232% dearer against Injective than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.257%): +$23 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−3.912% in total) that is about 10 hours. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HYPE/USDC PERP	93.070	0.0239	pay 0.0030% / 1h	32m 03s	$30K	$338K	12x
Short	Hibachi HYPE/USDT-P	93.046	−0.0224	pay 0.0028% / 1h	32m 03s	$196K	$230K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Injective. 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 InjectivebpFee HibachibpOrdersPrice spread, now −0.025%Rate

Funding earned: −$97.17
Price spread: −0.025% → −0.257%: $23.22
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$82.97
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: live order book, 52 min ago; Hibachi: live order book, 52 min ago. 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 Injective live order book, 52 min ago	15.46 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Hibachi live order book, 52 min ago	15.97 bp	29.0 bp −$29	49.0 bp −$490	doesn't fit	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
Aftermath Perps HYPEUSD	−0.0390%	1h	93.117	+0.051%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-Pshort	−0.0224%	1h	93.046	−0.025%	$196K	$230K	7x
Arcus HYPE-USD	−0.0131%	1h	93.029	−0.044%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0119%	1h	93.010	−0.064%	$698K	$924K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.084	+0.015%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	93.051	−0.020%	$90K	$362K	20x	as long as short
Popdex HYPEUSDT	−0.0016%	1h	93.043	−0.029%	$57K	$1.2M	50x	as long as short
Aster HYPEUSDT	0.0000%	4h	93.045	−0.027%	$8.8M	$36.0M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.124	+0.058%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.067	−0.003%	$23K	$331K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.068	−0.002%	$20K	—	150x	as long as short
Bybit HYPEUSDT	+0.0025%	8h	93.030	−0.043%	$323.0M	$287.1M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0027%	4h	93.037	−0.035%	$171K	$519K	20x	as long as short
Bullet HYPE-USD	+0.0028%	1h	93.028	−0.045%	$111K	$579K	20x	as long as short
Derive HYPE-PERP	+0.0028%	1h	93.004	−0.071%	$16.2M	$7.1M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.106	+0.039%	$214K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0042%	4h	93.026	−0.047%	$43.9M	$58.2M	75x	as long as short
MEXC HYPE_USDT	+0.0076%	4h	93.032	−0.041%	$89.9M	$81.9M	100x	as long as short
Binance HYPEUSDT	+0.0077%	4h	93.018	−0.056%	$382.2M	$894.3M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.093	+0.024%	$18.5M	$58.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.095	+0.027%	$3.1M	$12.1M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.095	+0.027%	$338K	$170K	20x	as long as short
edgeX HYPEUSDC	+0.0099%	4h	93.079	+0.009%	$5.1M	$29.6M	30x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.110	+0.043%	$34K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.041	−0.031%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.087	+0.018%	$2.02B	$670.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.105	+0.038%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.030	−0.043%	$113.7M	$313.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.390	+0.344%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.077	+0.008%	$47.0M	$18.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.054	−0.017%	$225.5M	$103.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.019	−0.055%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.049	−0.023%	$7.8M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.034	−0.038%	$29.0M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.144	+0.080%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.135	+0.070%	$412K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.099	+0.031%	$673K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.070	0.000%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.075	+0.005%	$492K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.023	−0.050%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.106	+0.039%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.038	−0.034%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.064	−0.006%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.029	−0.044%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.023	−0.051%	$396K	$318K	20x	as long as short
Kalshi KXHYPEPERP	+0.0107%	8h	93.131	+0.066%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.080	+0.011%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERPlong	+0.0239%	1h	93.070	long leg	$30K	$338K	12x
Reya HYPERUSDPERP	+0.0247%	1h	93.004	−0.071%	$77K	$158K	15x	as long as short
HTX HYPE-USDT	+0.0247%	4h	93.200	+0.140%	$1.5M	$7.7M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.127	+0.062%	$2.8M	$6.8M	20x	as long as short
BloFin HYPE-USDT	+0.0308%	4h	93.074	+0.004%	$16.9M	$12.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0158%	1h	93.067	−0.003%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0416%	1h	93.148	+0.084%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0466%	1h	93.170	+0.108%	$20.8M	$28.9M	50x	as long as short