HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.2015%/8h= −220.6% APRnext payment −$2.52 per $10,000 · paid last 24h −0.317%

Price spread now: Hibachi against RISEx−0.126%7-day average −0.085% · 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−$72as in the Price arb table

costs, in and out, $10k−$680.682% of the position

Long on RISEx Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−1.318%−$132 on $10k

Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.126%, 7d avg −0.085%

Together, before fees−1.080%+ Points / potential airdropHibachi: Active · farm board−$108 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$60 a day on $10k at the current rate, and Hibachi is 0.041% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.085%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HYPE/USDC	93.178	0.0527	pay 0.0066% / 1h	27m 02s	$3.2M	$6.3M	20x
Short	Hibachi HYPE/USDT-P	93.061	−0.1488	pay 0.0186% / 1h	27m 02s	$197K	$237K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against RISEx. 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 RISExbpFee HibachibpOrdersPrice spread, now −0.126%Rate

Funding earned: −$423.05
Price spread: −0.126% → −0.085%: −$4.1
Slippage, 4 orders: −$53.24
Fee RISEx: 3 bp × 2 orders: −$6
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$495.39
Costs to cover: 0.682%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Hibachi: live order book, 22 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 RISEx live order book, 2 min ago	1.72 bp	4.7 bp −$5	6.0 bp −$60	doesn't fit	doesn't fit
Sell Hibachi live order book, 22 min ago	24.38 bp	28.9 bp −$29	48.6 bp −$486	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
Hibachi HYPE/USDT-Pshort	−0.1488%	1h	93.061	−0.126%	$197K	$237K	7x
Aftermath Perps HYPEUSD	−0.0363%	1h	93.229	+0.054%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.113	−0.070%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0071%	1h	93.088	−0.096%	$111K	$580K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0023%	4h	93.114	−0.069%	$146K	$665K	20x	as long as short
01 Exchange HYPEUSD	−0.0008%	1h	93.131	−0.051%	$87K	$365K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.139	−0.042%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.135	−0.046%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.133	−0.048%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.082	−0.103%	$1.0M	$3.9M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0014%	4h	93.104	−0.080%	$225.0M	$98.8M	75x	as long as short
Bybit HYPEUSDT	+0.0017%	8h	93.100	−0.084%	$316.3M	$282.5M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0024%	1h	93.080	−0.105%	$702K	$1.2M	10x	as long as short
Phoenix HYPE	+0.0026%	1h	93.282	+0.111%	$207K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0056%	8h	93.129	−0.053%	$12.7M	$2.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.167	−0.012%	$339K	$157K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.114	−0.069%	$16.1M	$63.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.107	−0.077%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.106	−0.078%	$75K	$1.2M	50x	as long as short
edgeX HYPEUSDC	+0.0098%	4h	93.253	+0.080%	$5.0M	$29.9M	30x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.100	−0.084%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.093	−0.092%	$7.9M	$48.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.160	−0.020%	$2.03B	$669.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.112	−0.071%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.153	−0.027%	$10.0M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.118	−0.064%	$373.2M	$912.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.111	−0.072%	$114.2M	$308.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.230	+0.055%	$215K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.095	−0.089%	$46.7M	$54.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.106	−0.078%	$90.8M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.098	−0.086%	$46.0M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.104	−0.080%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.147	−0.034%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.131	−0.051%	$28.5M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.241	+0.067%	$7.5M	$47.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.281	+0.110%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.185	+0.007%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.182	+0.004%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.121	−0.061%	$482K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.087	−0.098%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.080	−0.105%	$16.1M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.132	−0.050%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.094	−0.090%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.300	+0.131%	$1.4M	$6.5M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.063	−0.123%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.088	−0.097%	$394K	$158K	20x	as long as short
Kalshi KXHYPEPERP	+0.0109%	8h	93.184	+0.006%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.620	+0.474%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.150	−0.030%	$4.6M	$5.8M	50x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	93.097	−0.087%	$80K	$127K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.120	−0.063%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.096	−0.088%	$16.8M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0342%	1h	93.162	−0.017%	$20.8M	$29.5M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0512%	1h	93.192	+0.015%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDClong	+0.0527%	1h	93.178	long leg	$3.2M	$6.3M	20x