HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1026%/8h= −112.3% APRnext payment −$1.28 per $10,000 · paid last 24h −0.274%

Price spread now: Hibachi against Vest−0.124%7-day average −0.067% · you buy dearer than you sell

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

Long on Vest Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−1.032%−$103 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.124%, 7d avg −0.067%

Together, before fees−0.795%+ Points / potential airdropVest: Active · Hibachi: Active · farm board−$79 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Hibachi is 0.056% cheaper against Vest than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.067%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	95.094	−0.0038	get 0.0005% / 1h	59m 09s	—	$88K	5x
Short	Hibachi HYPE/USDT-P	94.977	−0.1064	pay 0.0133% / 1h	59m 09s	$211K	$265K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Vest. 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 VestbpFee HibachibpOrdersPrice spread, now −0.124%Rate

Funding earned: −$215.38
Price spread: −0.124% → −0.067%: −$5.61
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$231.99
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Hibachi: live order book, 35 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 Vest no order-book sample	—	—	—	—	—
Sell Hibachi live order book, 35 min ago	11.01 bp	36.5 bp −$37	60.9 bp −$609	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-Pshort	−0.1064%	1h	94.977	−0.124%	$211K	$265K	7x
Bluefin HYPE-PERP	−0.0752%	1h	94.980	−0.120%	$79K	$147K	20x	as long as short
Bullet HYPE-USD	−0.0405%	1h	95.025	−0.073%	$113K	$580K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0376%	1h	95.035	−0.062%	$18.8M	$35.7M	50x	as long as short
01 Exchange HYPEUSD	−0.0224%	1h	95.071	−0.024%	$91K	$354K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0203%	1h	95.169	+0.078%	$22K	$19K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0190%	1h	95.020	−0.078%	$695K	$1.3M	10x	as long as short
Phemex HYPEUSDT	−0.0164%	8h	95.003	−0.096%	$13.0M	$2.8M	50x	as long as short
Arcus HYPE-USD	−0.0159%	1h	95.026	−0.072%	$1.0M	$3.1M	10x	as long as short
dYdX HYPE-USD	−0.0096%	1h	95.080	−0.015%	$130K	$93K	5x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff HYPE-PERP	−0.0080%	1h	95.045	−0.052%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0078%	4h	95.012	−0.086%	$53.1M	$53.6M	75x	as long as short
Vest HYPE-PERPlong	−0.0038%	1h	95.094	long leg	—	$88K	5x
Coinbase International HYPE-PERP-INTX	−0.0024%	1h	95.030	−0.067%	$4.7M	$5.7M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.979	−0.121%	$148K	$669K	20x	as long as short
Bybit HYPEUSDT	−0.0005%	8h	95.030	−0.067%	$319.5M	$282.1M	75x	as long as short
Backpack HYPE_USDC_PERP	−0.0004%	1h	94.992	−0.107%	$7.3M	$10.2M	20x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.102	+0.008%	$1.8M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	95.054	−0.042%	$19K	$271K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.100	+0.006%	$86K	—	150x	as long as short
BingX HYPE-USDT	+0.0004%	4h	95.032	−0.065%	—	$50.5M	—	as long as short
SoDEX HYPE-USD	+0.0005%	1h	95.008	−0.091%	$2.1M	$1.5M	10x	as long as short
Phoenix HYPE	+0.0008%	1h	95.157	+0.066%	$203K	$1.0M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0027%	8h	95.008	−0.091%	$118.7M	$321.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0041%	8h	95.060	−0.036%	$340K	$38K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0045%	1h	95.094	0.000%	$7.5M	$4.4M	50x	as long as short
Bitget HYPEUSDT	+0.0050%	4h	95.043	−0.054%	$228.4M	$93.3M	75x	as long as short
Polymarket Perps HYPE-USD	+0.0060%	1h	95.082	−0.013%	$499K	$2.6M	20x	as long as short
Aster HYPEUSDT	+0.0069%	4h	95.008	−0.091%	$9.0M	$36.4M	300x	as long as short
edgeX HYPEUSDC	+0.0087%	4h	95.022	−0.076%	$5.0M	$31.1M	30x	as long as short
Lighter HYPE	+0.0096%	1h	95.015	−0.083%	$16.2M	$60.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.024	−0.074%	$3.2M	$9.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.070	−0.025%	$266K	$1.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.030	−0.067%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.007	−0.091%	$7.3M	$55.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.173	+0.083%	$2.10B	$674.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.060	−0.036%	$10.2M	$14.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	95.016	−0.082%	$381.9M	$909.0M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.176	+0.086%	$222K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.028	−0.070%	$86.9M	$85.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.000	−0.099%	$47.4M	$18.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.987	−0.112%	$30.1M	$55.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.063	−0.033%	$7.7M	$43.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.023	−0.075%	$348K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.056	−0.040%	$691K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.893	−0.211%	$32K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.179	+0.089%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.979	−0.121%	$18.2M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.067	−0.029%	$402K	$136K	20x	as long as short
RISEx HYPE/USDC	+0.0166%	1h	95.045	−0.052%	$3.2M	$6.2M	20x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.988	−0.111%	$85K	$93K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.106	+0.012%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.006	−0.093%	$17.2M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0850%	1h	95.480	+0.406%	$31K	$335K	12x	as long as short