HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1284%/8h= +140.6% APRnext payment +$1.61 per $10,000 · paid last 24h +0.228%

Price spread now: SoDEX against Hibachi+0.086%7-day average +0.078% · 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−$70as in the Price arb table

costs, in and out, $10k−$700.704% of the position

Long on Hibachi Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.033%+$103 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.086%, 7d avg +0.078%

Together, before fees+1.059%+ Points / potential airdropHibachi: Active · farm board+$106 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.078%, so right now this pair is about funding alone: +$39 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	93.259	−0.1184	get 0.0148% / 1h	48m 23s	$196K	$226K	7x
Short	SoDEX HYPE-USD	93.339	0.0100	get 0.0013% / 1h	48m 23s	$2.0M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $269.64
Price spread: +0.086% → +0.078%: $0.73
Slippage, 4 orders: −$53.36
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $200.01
Costs to cover: 0.704%
Break-even: 1.8 days

Slippage from Hibachi: live order book, 16 min ago; SoDEX: live order book, 1 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, 16 min ago	12.16 bp	33.4 bp −$33	53.7 bp −$537	doesn't fit	doesn't fit
Sell SoDEX live order book, 1 min ago	0.21 bp	6.6 bp −$7	13.1 bp −$131	98.9 bp −$9,891	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
Hibachi HYPE/USDT-Plong	−0.1184%	1h	93.259	long leg	$196K	$226K	7x
Arcus HYPE-USD	−0.0899%	1h	93.198	−0.065%	$1.2M	$3.8M	10x	as long as short
Bluefin HYPE-PERP	−0.0186%	1h	93.309	+0.054%	$79K	$170K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.236	−0.025%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0071%	8h	93.287	+0.030%	$12.6M	$2.7M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0047%	4h	93.308	+0.053%	$156K	$636K	20x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	93.339	+0.086%	$85K	$347K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0026%	1h	93.274	+0.016%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0002%	1h	93.250	−0.010%	$699K	$962K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.341	+0.088%	$128K	$31K	5x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.296	+0.040%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.345	+0.092%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0005%	4h	93.330	+0.076%	$8.8M	$35.5M	300x	as long as short
BingX HYPE-USDT	+0.0014%	4h	93.331	+0.077%	—	$53.0M	—	as long as short
Phoenix HYPE	+0.0026%	1h	93.418	+0.170%	$213K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0027%	8h	93.312	+0.057%	$322.3M	$276.2M	75x	as long as short
Bullet HYPE-USD	+0.0040%	1h	93.320	+0.066%	$111K	$577K	20x	as long as short
Gate HYPE_USDT	+0.0052%	4h	93.330	+0.076%	$44.6M	$54.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	93.318	+0.063%	$114.4M	$301.4M	50x	as long as short
MEXC HYPE_USDT	+0.0086%	4h	93.335	+0.081%	$87.6M	$80.0M	100x	as long as short
Binance HYPEUSDT	+0.0087%	4h	93.338	+0.085%	$379.1M	$875.6M	75x	as long as short
edgeX HYPEUSDC	+0.0087%	4h	93.144	−0.123%	$5.0M	$29.8M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.272	+0.013%	$16.3M	$61.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.325	+0.071%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.327	+0.073%	$68K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.379	+0.128%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.340	+0.087%	$19K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.314	+0.058%	$5.7M	$43.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.388	+0.138%	$2.04B	$653.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.335	+0.081%	$10.0M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.324	+0.070%	$45.9M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.331	+0.077%	$225.7M	$96.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.217	−0.045%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.277	+0.019%	$31.1M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.362	+0.110%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.155	−0.112%	$346K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.258	−0.001%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.354	+0.102%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.346	+0.093%	$474K	$2.5M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.305	+0.049%	$16.2M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.409	+0.161%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDshort	+0.0100%	1h	93.339	+0.086%	$2.0M	$1.9M	10x
Bulk HYPE-USD	+0.0100%	1h	92.998	−0.280%	$202K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.308	+0.052%	$18.2M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.333	+0.080%	$397K	$170K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.360	+0.108%	$4.9M	$5.4M	50x	as long as short
HTX HYPE-USDT	+0.0207%	4h	93.416	+0.168%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0257%	1h	93.320	+0.066%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0278%	8h	93.408	+0.160%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.342	+0.089%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0393%	1h	93.418	+0.170%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.413	+0.165%	$3.2M	$6.7M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.230	−0.031%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.383	+0.133%	$20.8M	$30.1M	50x	as long as short