HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1426%/8h= −156.1% APRnext payment −$1.78 per $10,000 · paid last 24h −0.327%

Price spread now: Hibachi against Injective−0.356%7-day average −0.236% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−3.897%−$390 on $10k

Price spread, last 4 days (all we have)+0.374%+$37 · spread now −0.356%, 7d avg −0.236%

Together, before fees−3.523%+ Points / potential airdropHibachi: Active · farm board−$352 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Hibachi is 0.120% cheaper against Injective than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.236%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HYPE/USDC PERP	94.610	0.0122	pay 0.0015% / 1h	4m 38s	$31K	$339K	12x
Short	Hibachi HYPE/USDT-P	94.273	−0.1304	pay 0.0163% / 1h	4m 38s	$200K	$239K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Injective. 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 InjectivebpFee HibachibpOrdersPrice spread, now −0.356%Rate

Funding earned: −$299.45
Price spread: −0.356% → −0.236%: −$12.05
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$320.52
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 44 min ago; Hibachi: live order book, 44 min ago. Net counts fees only.

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 Injective live order book, 44 min ago	15.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Hibachi live order book, 44 min ago	24.38 bp	28.9 bp −$29	48.6 bp −$486	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-Pshort	−0.1304%	1h	94.273	−0.356%	$200K	$239K	7x
Aftermath Perps HYPEUSD	−0.0338%	1h	94.298	−0.329%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.328	−0.298%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0014%	4h	94.309	−0.318%	$150K	$681K	20x	as long as short
Bullet HYPE-USD	−0.0001%	1h	94.333	−0.293%	$112K	$580K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.351	−0.273%	$129K	$29K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	94.342	−0.283%	$87K	$372K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.362	−0.262%	$22K	$291K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	94.343	−0.283%	$63K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	94.285	−0.344%	$1.0M	$4.0M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0021%	8h	94.279	−0.350%	$318.5M	$287.1M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	94.438	−0.182%	$211K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0030%	8h	94.323	−0.303%	$12.8M	$2.8M	50x	as long as short
Bitget HYPEUSDT	+0.0036%	4h	94.309	−0.318%	$227.5M	$99.4M	75x	as long as short
BingX HYPE-USDT	+0.0050%	4h	94.307	−0.320%	—	$53.8M	—	as long as short
Ondo Perps HYPE-USD.P	+0.0066%	1h	94.300	−0.328%	$711K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	94.364	−0.260%	$5.0M	$30.4M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	94.352	−0.272%	$343K	$158K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.322	−0.304%	$16.4M	$63.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.329	−0.297%	$3.2M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.322	−0.304%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.290	−0.338%	$30K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.314	−0.313%	$7.2M	$49.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.439	−0.181%	$2.07B	$679.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.314	−0.313%	$8.8M	$36.8M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.344	−0.281%	$10.2M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.326	−0.300%	$379.1M	$925.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.290	−0.338%	$116.5M	$317.8M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.307	−0.320%	$48.3M	$55.8M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.339	−0.286%	$90.5M	$82.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.332	−0.294%	$46.6M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.359	−0.265%	$7.3M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.388	−0.234%	$28.9M	$56.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.427	−0.194%	$7.7M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.375	−0.248%	$345K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.333	−0.293%	$675K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.406	−0.216%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.328	−0.298%	$479K	$2.8M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.311	−0.316%	$80K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	94.295	−0.333%	$16.3M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.447	−0.172%	$33K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.316	−0.311%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.550	−0.063%	$1.4M	$6.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.197	−0.436%	$217K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.274	−0.356%	$18.2M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.312	−0.315%	$399K	$159K	20x	as long as short
Injective HYPE/USDC PERPlong	+0.0122%	1h	94.610	long leg	$31K	$339K	12x
Kalshi KXHYPEPERP	+0.0123%	8h	94.472	−0.146%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.460	−0.159%	$4.7M	$6.1M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0163%	1h	94.381	−0.242%	$7.5M	$4.1M	50x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	94.305	−0.322%	$78K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	94.340	−0.285%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0337%	1h	94.401	−0.221%	$21.0M	$29.6M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.335	−0.291%	$16.8M	$12.3M	75x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	94.365	−0.259%	$3.2M	$6.3M	20x	as long as short