HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1244%/8h= +136.2% APRnext payment +$1.55 per $10,000 · paid last 24h +0.270%

Price spread now: Pacifica against Hibachi+0.236%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs+$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on Hibachi Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+1.637%+$164 on $10k

Price spread, last 4 days (all we have)−1.344%−$134 · spread now +0.236%, 7d avg +0.085%

Together, before fees+0.293%+ Points / potential airdropHibachi: Active · Pacifica: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Pacifica is 0.151% dearer against Hibachi than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	94.247	−0.1144	get 0.0143% / 1h	51m 01s	$201K	$250K	7x
Short	Pacifica HYPE	94.469	0.0100	get 0.0013% / 1h	51m 01s	$10.2M	$15.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.236%Rate

Funding earned: $261.24
Price spread: +0.236% → +0.085%: $15.1
Slippage, 4 orders: −$51.6
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $207.73
Costs to cover: 0.686%
Break-even: 1.4 days

Slippage from Hibachi: live order book, 53 min ago; Pacifica: live order book, 3 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, 53 min ago	18.66 bp	33.9 bp −$34	53.7 bp −$537	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	0.58 bp	5.4 bp −$5	doesn't fit	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-Plong	−0.1144%	1h	94.247	long leg	$201K	$250K	7x
Bluefin HYPE-PERP	−0.0344%	1h	94.366	+0.126%	$80K	$155K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0195%	1h	94.270	+0.024%	$711K	$1.2M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0131%	1h	94.322	+0.079%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	94.439	+0.203%	$87K	$366K	20x	as long as short
Bullet HYPE-USD	−0.0094%	1h	94.418	+0.181%	$112K	$575K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.298	+0.054%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.421	+0.184%	$1.0M	$3.6M	10x	as long as short
Derive HYPE-PERP	−0.0026%	1h	94.325	+0.083%	$16.4M	$7.5M	10x	as long as short
Bybit HYPEUSDT	−0.0014%	8h	94.361	+0.121%	$317.6M	$289.5M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	−0.0012%	4h	94.370	+0.130%	—	$53.5M	—	as long as short
Orderly PERP_HYPE_USDC	−0.0003%	4h	94.369	+0.129%	$146K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.425	+0.188%	$129K	$60K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.467	+0.233%	$1.8M	$5.5M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.351	+0.110%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.427	+0.191%	$19K	$287K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.425	+0.189%	$117K	—	150x	as long as short
Bitget HYPEUSDT	+0.0038%	4h	94.347	+0.106%	$226.9M	$100.1M	75x	as long as short
Phemex HYPEUSDT	+0.0042%	8h	94.357	+0.116%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0059%	8h	94.489	+0.257%	$338K	$156K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.380	+0.141%	$4.7M	$6.2M	50x	as long as short
Lighter HYPE	+0.0080%	1h	94.382	+0.143%	$16.3M	$63.9M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0087%	8h	94.350	+0.109%	$117.6M	$323.9M	50x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.390	+0.151%	$3.2M	$10.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.434	+0.198%	$82K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.430	+0.194%	$17K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.421	+0.185%	$6.6M	$51.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.486	+0.253%	$2.08B	$688.8M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.405	+0.167%	$8.8M	$37.3M	300x	as long as short
Pacifica HYPEshort	+0.0100%	1h	94.469	+0.236%	$10.2M	$15.4M	20x
Binance HYPEUSDT	+0.0100%	4h	94.390	+0.152%	$377.8M	$933.1M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.065	−0.193%	$217K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.378	+0.139%	$49.4M	$56.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.394	+0.156%	$91.1M	$82.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.391	+0.153%	$47.1M	$18.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.349	+0.108%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.098	−0.159%	$29.2M	$55.2M	—	as long as short
edgeX HYPEUSDC	+0.0100%	4h	94.238	−0.010%	$5.0M	$30.7M	30x	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.258	+0.011%	$7.6M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.249	+0.002%	$362K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.324	+0.081%	$682K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.487	+0.255%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.462	+0.228%	$496K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.497	+0.265%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.382	+0.143%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.552	+0.323%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.315	+0.072%	$18.3M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.374	+0.135%	$399K	$159K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0021%	1h	94.395	+0.157%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.400	+0.162%	$30K	$339K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0205%	1h	94.470	+0.236%	$7.4M	$4.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.429	+0.193%	$20.3M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.457	+0.222%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.404	+0.166%	$83K	$123K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.368	+0.128%	$17.0M	$12.4M	75x	as long as short