Funding you earn now, next payment 23:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.229%
Price spread now: Hibachi against Variational Omni−0.160%54s7-day average −0.050% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−1.033%−$103 on $10k
+Price spread, last 3 days (all we have)+0.255%+$26 · spread now −0.160%, 7d avg −0.050%
=Together, before fees−0.778%+ Points / potential airdropVariational Omni: Active · Hibachi: Active · farm board−$78 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Hibachi is 0.110% cheaper against Variational Omni than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.050%). Swap the legs. The two prices were read 54 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 | Variational Omni HYPE | 93.354 | 0.0100 | pay 0.0100% / 8h | 1h 36m | $29.0M | $50.5M | — |
| Short | Hibachi HYPE/USDT-P | 93.205 | −0.0184 | pay 0.0023% / 1h | 36m 34s | $197K | $230K | 7x |
Variational Omni HYPE
Hibachi HYPE/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$59.64
- Price spread: −0.160% → −0.050%
- −$10.95
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$79.59
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Hibachi: live order book, 47 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 Variational Omni RFQ quote, 3 min ago | 0.43 bp | doesn't fit | 3.1 bp −$31 | 10.9 bp −$1,093 | doesn't fit |
| Sell Hibachi live order book, 47 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 | −0.0362% | 1h | 93.223 | −0.141% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-Pshort | −0.0184% | 1h | 93.205 | −0.160% | $197K | $230K | 7x | |
| Arcus HYPE-USD | −0.0131% | 1h | 93.027 | −0.351% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0105% | 1h | 93.070 | −0.305% | $698K | $923K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.118 | −0.253% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0016% | 1h | 93.044 | −0.332% | $90K | $362K | 20x | as long as short |
| Popdex HYPEUSDT | −0.0008% | 1h | 93.039 | −0.338% | $58K | $1.2M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.114 | −0.257% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.144 | −0.225% | $23K | $331K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.150 | −0.219% | $20K | — | 150x | as long as short |
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Popdex HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0005% | 4h | 93.059 | −0.316% | $8.8M | $36.0M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0027% | 8h | 93.051 | −0.325% | $322.9M | $286.9M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0033% | 4h | 93.112 | −0.260% | $171K | $519K | 20x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.374 | +0.021% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0035% | 1h | 93.106 | −0.266% | $111K | $579K | 20x | as long as short |
| Derive HYPE-PERP | +0.0039% | 1h | 93.083 | −0.290% | $16.3M | $7.1M | 10x | as long as short |
| Gate HYPE_USDT | +0.0040% | 4h | 93.056 | −0.319% | $43.8M | $58.0M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0088% | 4h | 93.078 | −0.296% | $89.8M | $81.8M | 100x | as long as short |
| Binance HYPEUSDT | +0.0089% | 4h | 93.049 | −0.327% | $382.5M | $892.6M | 75x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.138 | −0.231% | $18.5M | $58.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.120 | −0.251% | $3.1M | $12.1M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0098% | 8h | 93.067 | −0.307% | $338K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.060 | −0.315% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.120 | −0.251% | $5.9M | $44.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.119 | −0.252% | $2.02B | $670.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.084 | −0.290% | $10.0M | $14.3M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.046 | −0.330% | $113.8M | $313.4M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.390 | +0.038% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.091 | −0.282% | $47.1M | $18.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.071 | −0.303% | $225.6M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.064 | −0.311% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.118 | −0.253% | $7.8M | $11.2M | 20x | as long as short |
| Variational Omni HYPElong | +0.0100% | 8h | 93.354 | long leg | $29.0M | $50.5M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.268 | −0.093% | $7.5M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.246 | −0.116% | $412K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.210 | −0.155% | $674K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.183 | −0.184% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.158 | −0.210% | $493K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.116 | −0.255% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.178 | −0.189% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.105 | −0.267% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.153 | −0.216% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.033 | −0.344% | $18.2M | $42.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.094 | −0.279% | $396K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0106% | 4h | 93.228 | −0.135% | $5.1M | $29.6M | 30x | as long as short |
| Kalshi KXHYPEPERP | +0.0108% | 8h | 93.221 | −0.143% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.190 | −0.176% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.070 | −0.305% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.100 | −0.273% | $78K | $158K | 15x | as long as short |
| HTX HYPE-USDT | +0.0259% | 4h | 93.300 | −0.058% | $1.5M | $7.7M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.113 | −0.258% | $2.8M | $6.8M | 20x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0319% | 1h | 93.211 | −0.153% | $7.4M | $4.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0329% | 4h | 93.087 | −0.286% | $16.9M | $12.4M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0159% | 1h | 93.154 | −0.214% | $1.5M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0466% | 1h | 93.200 | −0.166% | $20.8M | $28.9M | 50x | as long as short |
Aster HYPEUSDT
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
Bullet HYPE-USD
Derive HYPE-PERP
Gate HYPE_USDT
MEXC HYPE_USDT
Binance HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
HTX HYPE-USDT
RISEx HYPE/USDC
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD