HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1188%/8h= −130.1% APRnext payment −$1.48 per $10,000 · paid last 24h −0.262%

Price spread now: Hibachi against Pacifica−0.072%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$690.687% of the position

Long on Pacifica Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−1.629%−$163 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.072%, 7d avg −0.085%

Together, before fees−1.512%+ Points / potential airdropPacifica: Active · Hibachi: Active · farm board−$151 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.085%, so right now this pair is about funding alone: −$36 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	93.584	0.0100	pay 0.0013% / 1h	44m 56s	$10.1M	$15.4M	20x
Short	Hibachi HYPE/USDT-P	93.517	−0.1088	pay 0.0136% / 1h	44m 56s	$198K	$242K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Pacifica. 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 PacificabpFee HibachibpOrdersPrice spread, now −0.072%Rate

Funding earned: −$249.48
Price spread: −0.072% → −0.085%: $1.28
Slippage, 4 orders: −$51.66
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$316.86
Costs to cover: 0.687%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; Hibachi: live order book, 64 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 Pacifica live order book, 4 min ago	0.05 bp	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Hibachi live order book, 64 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	−0.1088%	1h	93.517	−0.072%	$198K	$242K	7x
Aftermath Perps HYPEUSD	−0.0220%	1h	93.739	+0.165%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0125%	1h	93.570	−0.015%	$705K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.575	−0.010%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0069%	1h	93.684	+0.107%	$111K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.558	−0.028%	$86K	$370K	20x	as long as short
Bluefin HYPE-PERP	−0.0044%	1h	93.652	+0.073%	$79K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0020%	4h	93.635	+0.054%	$145K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.608	+0.026%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.631	+0.050%	$20K	$290K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.706	+0.130%	$63K	—	150x	as long as short
BingX HYPE-USDT	+0.0006%	4h	93.616	+0.034%	—	$53.7M	—	as long as short
Bybit HYPEUSDT	+0.0007%	8h	93.604	+0.021%	$316.2M	$288.5M	75x	as long as short
Phoenix HYPE	+0.0017%	1h	93.654	+0.075%	$209K	$1.1M	10x	as long as short
Derive HYPE-PERP	+0.0024%	1h	93.623	+0.041%	$16.3M	$7.4M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.633	+0.052%	$225.7M	$99.7M	75x	as long as short
Phemex HYPEUSDT	+0.0079%	8h	93.689	+0.112%	$12.8M	$2.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0081%	8h	93.579	−0.005%	$334K	$161K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.520	−0.068%	$1.0M	$4.0M	10x	as long as short
edgeX HYPEUSDC	+0.0087%	4h	93.627	+0.046%	$5.0M	$30.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.672	+0.094%	$16.2M	$63.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.684	+0.107%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.591	+0.007%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.550	−0.036%	$22K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.639	+0.058%	$7.4M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.753	+0.181%	$2.05B	$683.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.619	+0.037%	$8.8M	$37.4M	300x	as long as short
Pacifica HYPElong	+0.0100%	1h	93.584	long leg	$10.1M	$15.4M	20x
Binance HYPEUSDT	+0.0100%	4h	93.654	+0.075%	$375.3M	$931.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.609	+0.027%	$115.7M	$316.3M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.611	+0.029%	$48.3M	$55.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.627	+0.046%	$90.0M	$83.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.623	+0.042%	$46.3M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.685	+0.108%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.579	−0.006%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.664	+0.085%	$7.5M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.636	+0.056%	$347K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.613	+0.031%	$678K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.672	+0.094%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.657	+0.078%	$470K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.743	+0.170%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.680	+0.103%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.802	+0.233%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.731	+0.157%	$216K	$15K	10x	as long as short
Kalshi KXHYPEPERP	+0.0102%	8h	93.683	+0.106%	$1.8M	$5.6M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.589	+0.005%	$18.2M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.681	+0.103%	$396K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.710	+0.135%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.520	−0.068%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.643	+0.063%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.706	+0.130%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.686	+0.109%	$17.0M	$12.2M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0390%	1h	93.775	+0.204%	$7.4M	$4.2M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0415%	1h	93.763	+0.192%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.595	+0.011%	$3.2M	$6.4M	20x	as long as short