Funding you earn now, next payment 20:00 UTC−0.1156%/8hpaid last 24h −0.189%
Price spread now: Hibachi against Bybit+0.077%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$720.718% of the position
Funding, last 7 days−1.521%−$152 on $10k
+Price spread, last 3 days (all we have)+1.026%+$103 · spread now +0.077%, 7d avg −0.040%
=Together, before fees−0.495%+ Points / potential airdropHibachi: Active · farm board−$50 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.118% dearer against Bybit than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.040%): +$12 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HYPEUSDT | 93.170 | 0.0084 | pay 0.0084% / 8h | 4h 04m | $324.7M | $286.6M | 75x |
| Short | Hibachi HYPE/USDT-P | 93.242 | −0.1072 | pay 0.0134% / 1h | 4m 53s | $196K | $244K | 7x |
Bybit HYPEUSDT
Hibachi HYPE/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Bybit. 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
- −$242.66
- Price spread: +0.077% → −0.040%
- $11.76
- Slippage, 4 orders
- −$51.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$302.74
- Costs to cover
- 0.718%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Hibachi: live order book, 28 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 Bybit live order book, 4 min ago | 0.54 bp | 6.0 bp −$6 | 7.8 bp −$78 | 15.8 bp −$1,577 | 52.8 bp −$26.4K |
| Sell Hibachi live order book, 28 min ago | 22.78 bp | 27.3 bp −$27 | 47.0 bp −$470 | 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 | −0.1072% | 1h | 93.242 | +0.077% | $196K | $244K | 7x | |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.178 | +0.009% | $3K | $331 | 25x | as long as short |
| Injective HYPE/USDC PERP | −0.0004% | 1h | 93.620 | +0.483% | $30K | $177K | 12x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.164 | −0.006% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.259 | +0.096% | $2.0M | $5.3M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.220 | +0.054% | $24K | $372K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0005% | 1h | 93.231 | +0.066% | $44K | — | 150x | as long as short |
| Aftermath Perps HYPEUSD | +0.0011% | 1h | 93.308 | +0.149% | $22K | $22K | 10x | as long as short |
| Aster HYPEUSDT | +0.0021% | 4h | 93.194 | +0.026% | $8.9M | $36.2M | 300x | as long as short |
| 01 Exchange HYPEUSD | +0.0040% | 1h | 93.228 | +0.062% | $89K | $324K | 20x | as long as short |
Hotstuff HYPE-PERP
Injective HYPE/USDC PERP
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aftermath Perps HYPEUSD
Aster HYPEUSDT
01 Exchange HYPEUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPE_USDT | +0.0076% | 4h | 93.195 | +0.027% | $44.1M | $56.1M | 75x | as long as short |
| Arcus HYPE-USD | +0.0082% | 1h | 93.182 | +0.013% | $1.2M | $4.0M | 10x | as long as short |
| Bybit HYPEUSDTlong | +0.0084% | 8h | 93.170 | long leg | $324.7M | $286.6M | 75x | |
| Lighter HYPE | +0.0096% | 1h | 93.228 | +0.062% | $18.7M | $58.3M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.223 | +0.057% | $3.1M | $12.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.227 | +0.061% | $56K | $1.3M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0097% | 4h | 93.202 | +0.034% | $181K | $505K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.270 | +0.107% | $21K | $1.8M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.215 | +0.049% | $6.3M | $43.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.216 | +0.049% | $10.0M | $14.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.214 | +0.047% | $389.9M | $870.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.166 | −0.004% | $114.5M | $313.1M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0100% | 1h | 93.140 | −0.032% | $700K | $943K | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.380 | +0.225% | $205K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.222 | +0.056% | $91.2M | $83.5M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.209 | +0.042% | $46.4M | $19.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.195 | +0.027% | $225.5M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.195 | +0.027% | — | $54.7M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.262 | +0.099% | $8.0M | $11.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.245 | +0.080% | $28.9M | $49.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.298 | +0.137% | $7.5M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.273 | +0.111% | $457K | $939K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.187 | +0.018% | $674K | $2.3M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.250 | +0.086% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.233 | +0.068% | $460K | $2.6M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.216 | +0.049% | $112K | $573K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.215 | +0.048% | $76K | $171K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.188 | +0.019% | $16.3M | $7.0M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.189 | +0.020% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.215 | +0.048% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.196 | +0.028% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0101% | 8h | 93.247 | +0.083% | $341K | $172K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0104% | 4h | 93.353 | +0.197% | $5.1M | $28.9M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.184 | +0.015% | $18.1M | $40.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.219 | +0.053% | $397K | $320K | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0151% | 1h | 93.277 | +0.114% | $16.2M | $20.9M | 50x | as long as short |
| Phoenix HYPE | +0.0172% | 1h | 93.411 | +0.259% | $208K | $954K | 10x | as long as short |
| Hyperliquid HYPE | +0.0190% | 1h | 93.281 | +0.119% | $2.02B | $660.9M | 10x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0200% | 1h | 93.230 | +0.064% | $4.9M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0242% | 1h | 93.183 | +0.014% | $77K | $157K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.216 | +0.050% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.216 | +0.049% | $17.4M | $12.3M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0361% | 1h | 93.316 | +0.157% | $7.4M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0407% | 4h | 93.391 | +0.237% | $1.5M | $7.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0516% | 1h | 93.277 | +0.115% | $2.7M | $6.4M | 20x | as long as short |
Gate HYPE_USDT
Arcus HYPE-USD
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Orderly PERP_HYPE_USDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Ondo Perps HYPE-USD.P
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bullet HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
Kraken Futures PF_HYPEUSD
Phoenix HYPE
Hyperliquid HYPE
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
RISEx HYPE/USDC