HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1312%/8h= +143.7% APRnext payment +$1.64 per $10,000 · paid last 24h +0.190%

Price spread now: 01 Exchange against Hibachi+0.138%7-day average +0.094% · 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−$67as in the Price arb table

costs, in and out, $10k−$710.715% of the position

Long on Hibachi Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.076%+$108 on $10k

Price spread, last 3 days (all we have)−0.157%−$16 · spread now +0.138%, 7d avg +0.094%

Together, before fees+0.919%+ Points / potential airdropHibachi: Active · farm board+$92 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and 01 Exchange is 0.043% dearer against Hibachi than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	93.752	−0.1416	get 0.0177% / 1h	47m 27s	$198K	$228K	7x
Short	01 Exchange HYPEUSD	93.881	−0.0104	pay 0.0013% / 1h	47m 27s	$85K	$361K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.138%Rate

Funding earned: $275.52
Price spread: +0.138% → +0.094%: $4.34
Slippage, 4 orders: −$55.49
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $208.37
Costs to cover: 0.715%
Break-even: 1.7 days

Slippage from Hibachi: live order book, 26 min ago; 01 Exchange: live order book, 27 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, 26 min ago	12.88 bp	40.5 bp −$40	66.0 bp −$660	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 27 min ago	0.16 bp	6.7 bp −$7	10.2 bp −$102	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	−0.1416%	1h	93.752	long leg	$198K	$228K	7x
Arcus HYPE-USD	−0.0625%	1h	93.756	+0.004%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0278%	1h	93.914	+0.173%	$22K	$23K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0162%	1h	93.780	+0.030%	$705K	$927K	10x	as long as short
Gate HYPE_USDT	−0.0118%	4h	93.828	+0.081%	$44.4M	$59.2M	75x	as long as short
01 Exchange HYPEUSDshort	−0.0104%	1h	93.881	+0.138%	$85K	$361K	20x
Bullet HYPE-USD	−0.0091%	1h	93.936	+0.196%	$113K	$580K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.820	+0.073%	$3K	$331	25x	as long as short
dYdX HYPE-USD	−0.0077%	1h	93.823	+0.075%	$128K	$29K	5x	as long as short
Bybit HYPEUSDT	−0.0027%	8h	93.874	+0.130%	$322.6M	$282.8M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0010%	4h	93.806	+0.058%	$169K	$594K	20x	as long as short
Derive HYPE-PERP	−0.0006%	1h	93.751	−0.001%	$16.4M	$7.2M	10x	as long as short
Perpl HYPE	0.0000%	43m	93.951	+0.212%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.967	+0.229%	$27K	—	150x	as long as short
Phemex HYPEUSDT	+0.0004%	8h	93.791	+0.042%	$12.8M	$2.6M	50x	as long as short
Aster HYPEUSDT	+0.0009%	4h	93.845	+0.099%	$8.9M	$36.1M	300x	as long as short
Bluefin HYPE-PERP	+0.0027%	1h	93.773	+0.022%	$76K	$171K	20x	as long as short
Phoenix HYPE	+0.0034%	1h	93.874	+0.130%	$218K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0040%	4h	93.940	+0.201%	$88.7M	$82.0M	100x	as long as short
Binance HYPEUSDT	+0.0041%	4h	93.901	+0.159%	$383.4M	$895.8M	75x	as long as short
edgeX HYPEUSDC	+0.0063%	4h	93.828	+0.081%	$5.1M	$29.8M	30x	as long as short
Popdex HYPEUSDT	+0.0072%	1h	93.878	+0.134%	$61K	$1.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0082%	8h	93.913	+0.172%	$115.7M	$320.6M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.847	+0.101%	$18.8M	$58.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.826	+0.079%	$3.0M	$12.0M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.790	+0.041%	$399K	$191K	20x	as long as short
ApeX Omni HYPEUSDT	+0.0096%	1h	93.878	+0.134%	$340K	$1.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.859	+0.114%	$341K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.840	+0.094%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.888	+0.146%	$6.6M	$44.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.978	+0.241%	$2.04B	$676.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.831	+0.084%	$10.1M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.816	+0.068%	$204K	$5K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.941	+0.202%	$46.5M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.946	+0.207%	$227.8M	$101.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.941	+0.202%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.812	+0.064%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.890	+0.148%	$31.3M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.863	+0.118%	$7.6M	$45.5M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.838	+0.092%	$679K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.931	+0.191%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.939	+0.199%	$479K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.877	+0.133%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.795	+0.046%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.830	+0.083%	$18.4M	$42.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.830	+0.083%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0170%	4h	93.848	+0.102%	$17.0M	$12.3M	75x	as long as short
Kalshi KXHYPEPERP	+0.0172%	8h	93.890	+0.147%	$1.9M	$5.1M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.760	+0.009%	$30K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	93.909	+0.168%	$2.8M	$6.8M	20x	as long as short
Reya HYPERUSDPERP	+0.0250%	1h	93.914	+0.172%	$79K	$146K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0157%	1h	93.970	+0.232%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0347%	4h	94.001	+0.266%	$1.5M	$6.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0613%	1h	93.916	+0.175%	$7.5M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0673%	1h	93.879	+0.136%	$21.0M	$29.8M	50x	as long as short