HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0948%/8h= −103.8% APRnext payment −$1.19 per $10,000 · paid last 24h −0.281%

Price spread now: Hibachi against SoDEX+0.288%7-day average −0.076% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on SoDEX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−1.142%−$114 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.288%, 7d avg −0.076%

Together, before fees−1.140%+ Points / potential airdropHibachi: Active · farm board−$114 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hibachi is 0.364% dearer against SoDEX than usual: you sell high and buy low (spread +0.288% now, against its 7-day average of −0.076%): +$36 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX HYPE-USD	94.330	0.0068	pay 0.0009% / 1h	32m 37s	$2.1M	$2.0M	10x
Short	Hibachi HYPE/USDT-P	94.602	−0.0880	pay 0.0110% / 1h	32m 37s	$207K	$268K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against SoDEX. 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 SoDEXbpFee HibachibpOrdersPrice spread, now +0.288%Rate

Funding earned: −$199.09
Price spread: +0.288% → −0.076%: $36.37
Slippage, 4 orders: −$49.07
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$228.79
Costs to cover: 0.661%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 min ago; Hibachi: live order book, 1 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 SoDEX live order book, 1 min ago	0.05 bp	7.0 bp −$7	13.1 bp −$131	102.2 bp −$10.2K	doesn't fit
Sell Hibachi live order book, 1 min ago	11.01 bp	36.5 bp −$37	60.9 bp −$609	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	−0.0880%	1h	94.602	+0.288%	$207K	$268K	7x
Bluefin HYPE-PERP	−0.0618%	1h	94.287	−0.046%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0308%	1h	94.670	+0.360%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0236%	1h	94.320	−0.011%	$112K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0184%	1h	94.280	−0.053%	$704K	$1.3M	10x	as long as short
Gate HYPE_USDT	−0.0124%	4h	94.232	−0.104%	$51.3M	$55.1M	75x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.216	−0.121%	$1.0M	$3.5M	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	94.252	−0.083%	$89K	$365K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.241	−0.094%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0048%	1h	94.309	−0.023%	$18.9M	$35.4M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0036%	8h	94.220	−0.117%	$317.0M	$296.9M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.308	−0.023%	$147K	$681K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.317	−0.013%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.451	+0.128%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.608	+0.294%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.336	+0.007%	$123K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.654	+0.343%	$210K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.330	0.000%	$4.7M	$6.3M	50x	as long as short
Bitget HYPEUSDT	+0.0028%	4h	94.258	−0.076%	$226.5M	$98.8M	75x	as long as short
Derive HYPE-PERP	+0.0034%	1h	94.592	+0.278%	$16.3M	$7.5M	10x	as long as short
Vest HYPE-PERP	+0.0041%	1h	94.467	+0.146%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0045%	8h	94.262	−0.073%	$337K	$154K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0048%	8h	94.211	−0.126%	$117.6M	$327.8M	50x	as long as short
Phemex HYPEUSDT	+0.0064%	8h	94.326	−0.004%	$12.9M	$2.9M	50x	as long as short
SoDEX HYPE-USDlong	+0.0068%	1h	94.330	long leg	$2.1M	$2.0M	10x
Backpack HYPE_USDC_PERP	+0.0074%	1h	94.239	−0.096%	$7.5M	$10.4M	20x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	94.626	+0.314%	$5.0M	$30.9M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.248	−0.087%	$16.2M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.240	−0.095%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.243	−0.092%	$148K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.250	−0.085%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.260	−0.075%	$7.2M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.332	+0.002%	$2.07B	$687.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.233	−0.103%	$9.5M	$37.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.258	−0.077%	$10.1M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.228	−0.108%	$379.4M	$937.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.564	+0.248%	$220K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.245	−0.090%	$93.3M	$86.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.246	−0.089%	$47.0M	$19.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.239	−0.096%	—	$53.5M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.619	+0.307%	$30.0M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.643	+0.332%	$7.6M	$44.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.587	+0.272%	$345K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.446	+0.123%	$694K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.460	+0.138%	$498K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.369	+0.041%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.500	+0.180%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.230	−0.106%	$18.4M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.343	+0.014%	$399K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.284	−0.049%	$3.1M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.890%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0237%	1h	94.428	+0.104%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.540	+0.223%	$85K	$104K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	94.382	+0.055%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.303	−0.029%	$17.2M	$12.6M	75x	as long as short