HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1160%/8h= +127.0% APRnext payment +$1.45 per $10,000 · paid last 24h +0.233%

Price spread now: dYdX against Hibachi+0.017%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1411.409% of the position

Long on Hibachi Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.578%+$158 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.017%, 7d avg +0.070%

Together, before fees+1.449%+ Points / potential airdropHibachi: Active · farm board+$145 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.054% cheaper against Hibachi than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.070%). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$35 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	93.719	−0.1160	get 0.0145% / 1h	51m 02s	$199K	$242K	7x
Short	dYdX HYPE-USD	93.734	0	get 0.0000% / 1h	51m 02s	$129K	$29K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Hibachi. 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 HibachibpFee dYdXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $243.6
Price spread: +0.017% → +0.070%: −$5.35
Slippage, 4 orders: −$121.94
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: $97.3
Costs to cover: 1.409%
Break-even: 4.2 days

Slippage from Hibachi: live order book, 58 min ago; dYdX: live order book, 58 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 Hibachi live order book, 58 min ago	24.38 bp	29.9 bp −$30	49.1 bp −$491	doesn't fit	doesn't fit
Sell dYdX live order book, 58 min ago	36.06 bp	41.1 bp −$41	83.6 bp −$836	187.7 bp −$18.8K	1256.5 bp −$628.3K

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-Plong	−0.1160%	1h	93.719	long leg	$199K	$242K	7x
Aftermath Perps HYPEUSD	−0.0263%	1h	93.883	+0.175%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0109%	1h	93.630	−0.095%	$706K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.712	−0.007%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.732	+0.014%	$86K	$372K	20x	as long as short
Bullet HYPE-USD	−0.0040%	1h	93.703	−0.017%	$111K	$581K	20x	as long as short
Bluefin HYPE-PERP	−0.0036%	1h	93.694	−0.026%	$79K	$156K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0019%	4h	93.672	−0.050%	$149K	$681K	20x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	93.734	+0.017%	$129K	$29K	5x
Perpl HYPE	0.0000%	43m	93.729	+0.011%	$22K	$285K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.737	+0.019%	$63K	—	150x	as long as short
BingX HYPE-USDT	+0.0010%	4h	93.809	+0.096%	—	$53.8M	—	as long as short
Bybit HYPEUSDT	+0.0013%	8h	93.762	+0.046%	$316.8M	$287.6M	75x	as long as short
Phoenix HYPE	+0.0017%	1h	93.780	+0.066%	$210K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.807	+0.094%	$226.0M	$99.5M	75x	as long as short
Phemex HYPEUSDT	+0.0066%	8h	93.752	+0.036%	$12.8M	$2.8M	50x	as long as short
ApeX Omni HYPEUSDT	+0.0074%	1h	93.801	+0.088%	$348K	$1.0M	50x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.681	−0.040%	$1.0M	$4.0M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0086%	8h	93.740	+0.023%	$335K	$161K	20x	as long as short
edgeX HYPEUSDC	+0.0091%	4h	93.758	+0.042%	$5.0M	$30.5M	30x	as long as short
Derive HYPE-PERP	+0.0092%	1h	93.670	−0.052%	$16.3M	$7.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.719	+0.001%	$16.2M	$63.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.711	−0.008%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.724	+0.006%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.700	−0.020%	$23K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.698	−0.021%	$7.4M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.880	+0.172%	$2.05B	$681.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.783	+0.069%	$8.9M	$37.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.735	+0.018%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.764	+0.048%	$376.0M	$930.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.767	+0.052%	$115.8M	$316.5M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.790	+0.076%	$48.4M	$54.9M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.740	+0.023%	$89.0M	$83.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.716	−0.003%	$46.3M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.780	+0.066%	$7.2M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.759	+0.043%	$28.7M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.822	+0.110%	$7.6M	$48.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.767	+0.052%	$679K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.768	+0.052%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.725	+0.007%	$470K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.774	+0.059%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.700	−0.020%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.850	+0.140%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.731	+0.013%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.737	+0.020%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.697	−0.023%	$396K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0106%	8h	93.778	+0.063%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.700	−0.020%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.610	+0.951%	$31K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.683	−0.038%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.736	+0.018%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0337%	1h	93.800	+0.087%	$7.4M	$4.2M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.701	−0.019%	$17.0M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0415%	1h	93.768	+0.053%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.753	+0.037%	$3.2M	$6.4M	20x	as long as short