HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1113%/8h= +121.9% APRnext payment +$1.39 per $10,000 · paid last 24h +0.253%

Price spread now: gTrade (Gains Network) against Hibachi+0.232%297s7-day average +0.086% · 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—prices read too far apart to compare

costs, in and out, $10k−$3223.220% of the position

Long on Hibachi Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.041%+$104 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.232%, 7d avg +0.086%

Together, before fees+0.922%+ Points / potential airdropHibachi: Active · farm board+$92 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and gTrade (Gains Network) is 0.146% dearer against Hibachi than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.086%. The two prices were read 297 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	Hibachi HYPE/USDT-P	94.880	−0.1112	get 0.0139% / 1h	55m 28s	$211K	$265K	7x
Short	gTrade (Gains Network) HYPE/USD	95.100	L +0.0002% / S −0.0001%	get 0.0000% / 1h	55m 28s	$86K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.232%Rate

Funding earned: $233.71
Price spread: +0.232% → +0.086%: $14.64
Slippage, 4 orders: −$303.03
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$73.68
Costs to cover: 3.220%
Break-even: 9.2 days

Slippage from Hibachi: live order book, 38 min ago; gTrade (Gains Network): virtual book (oracle venue), 69 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, 38 min ago	11.01 bp	15.5 bp −$16	34.9 bp −$349	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 69 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	1364.4 bp −$136.4K	doesn't fit

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
Bluefin HYPE-PERP	−0.1246%	1h	94.949	+0.073%	$79K	$147K	20x	as long as short
Hibachi HYPE/USDT-Plong	−0.1112%	1h	94.880	long leg	$211K	$265K	7x
Bullet HYPE-USD	−0.0494%	1h	94.983	+0.109%	$112K	$580K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0376%	1h	94.984	+0.109%	$18.8M	$35.7M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0356%	1h	94.830	−0.053%	$694K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0240%	1h	94.861	−0.020%	$90K	$354K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0188%	1h	95.115	+0.248%	$22K	$19K	10x	as long as short
Arcus HYPE-USD	−0.0159%	1h	94.854	−0.027%	$1.0M	$3.0M	10x	as long as short
Polymarket Perps HYPE-USD	−0.0131%	1h	94.911	+0.033%	$499K	$2.6M	20x	as long as short
Phemex HYPEUSDT	−0.0127%	8h	94.950	+0.074%	$13.0M	$2.8M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0092%	4h	94.872	−0.008%	$53.3M	$53.8M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.928	+0.051%	$3K	$331	25x	as long as short
Vest HYPE-PERP	−0.0056%	1h	94.952	+0.076%	—	$88K	5x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0024%	1h	94.970	+0.095%	$4.7M	$5.7M	50x	as long as short
Bybit HYPEUSDT	−0.0010%	8h	94.860	−0.021%	$319.3M	$279.8M	75x	as long as short
BingX HYPE-USDT	−0.0008%	4h	94.870	−0.010%	—	$50.5M	—	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.960	+0.084%	$148K	$665K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.913	+0.034%	$130K	$93K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.108	+0.240%	$1.8M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.976	+0.102%	$19K	$271K	10x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0001%	1h	95.100	+0.232%	$86K	—	150x
Phoenix HYPE	+0.0008%	1h	95.043	+0.172%	$203K	$1.0M	10x	as long as short
SoDEX HYPE-USD	+0.0016%	1h	94.973	+0.098%	$2.1M	$1.3M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0024%	8h	94.863	−0.018%	$118.4M	$318.4M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0036%	8h	94.938	+0.061%	$339K	$38K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0040%	1h	94.945	+0.069%	$7.3M	$10.3M	20x	as long as short
Bitget HYPEUSDT	+0.0050%	4h	94.846	−0.036%	$227.9M	$92.9M	75x	as long as short
Aster HYPEUSDT	+0.0060%	4h	94.868	−0.013%	$9.0M	$36.3M	300x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	94.942	+0.065%	$5.0M	$30.9M	30x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0087%	1h	95.070	+0.200%	$7.5M	$4.3M	50x	as long as short
Bulk HYPE-USD	+0.0094%	1h	94.986	+0.112%	$221K	$14K	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.905	+0.027%	$16.2M	$60.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.901	+0.022%	$3.2M	$9.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.844	−0.038%	$267K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.830	−0.053%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.873	−0.008%	$7.3M	$55.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.041	+0.170%	$2.10B	$679.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.917	+0.039%	$10.2M	$14.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.871	−0.010%	$381.3M	$904.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.881	+0.001%	$88.1M	$85.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.920	+0.042%	$47.4M	$18.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.956	+0.081%	$29.9M	$55.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.006	+0.133%	$7.7M	$43.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.921	+0.043%	$348K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.007	+0.134%	$691K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.867	−0.014%	$32K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.133	+0.267%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.833	−0.049%	$18.3M	$41.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.127	+0.261%	$402K	$136K	20x	as long as short
RISEx HYPE/USDC	+0.0166%	1h	94.982	+0.107%	$3.2M	$6.2M	20x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.849	−0.032%	$86K	$93K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.051	+0.180%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.974	+0.099%	$17.2M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0850%	1h	95.480	+0.632%	$31K	$335K	12x	as long as short