Funding you earn now, next payment 02:00 UTC−0.0341%/8h= −37.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.012%
Price spread now: Hyperliquid against Hibachi−0.070%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.423%−$42 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHibachi: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Hyperliquid is 0.070% cheaper against Hibachi than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi BNB/USDT-P | 793.77 | 0.0456 | pay 0.0057% / 1h | 47m 50s | $68K | $38K | 12x |
| Short | Hyperliquid BNB | 793.21 | 0.0115 | get 0.0014% / 1h | 47m 50s | $52.6M | $19.8M | 10x |
Hibachi BNB/USDT-P
Hyperliquid BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Hibachi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$71.67
- Price spread: −0.070% → 0.000%
- −$7.01
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$96.68
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Hyperliquid: live order book, 6 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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 6 min ago | 0.50 bp | 5.6 bp −$6 | 7.6 bp −$76 | doesn't fit | doesn't fit |
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0161% / S +0.0334% | 1h | 792.45 | −0.166% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 792.66 | −0.139% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 794.04 | +0.034% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0033% | 8h | 792.45 | −0.166% | $35.5M | $55.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 792.87 | −0.113% | $3.0M | $28.2M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 794.21 | +0.056% | $858K | $3.0M | 30x | as long as short |
| Variational Omni BNB | +0.0006% | 8h | 792.93 | −0.106% | $4.1M | $5.1M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 792.45 | −0.166% | $9.7M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0033% | 8h | 792.93 | −0.106% | $6.1M | $19.9M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.426% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Variational Omni BNB
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BNB-USD | +0.0038% | 1h | 792.47 | −0.163% | $160K | $63K | 10x | as long as short |
| BingX BNB-USDT | +0.0042% | 8h | 792.69 | −0.136% | — | $35.0M | — | as long as short |
| Phemex BNBUSDT | +0.0046% | 8h | 792.94 | −0.104% | $69.3M | $50.3M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 791.39 | −0.300% | $607K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0062% | 8h | 793.30 | −0.059% | $82.3M | $12.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0063% | 8h | 793.07 | −0.088% | $493.4M | $817.2M | 75x | as long as short |
| Bybit BNBUSDT | +0.0074% | 8h | 792.40 | −0.172% | $138.0M | $77.0M | 75x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 792.08 | −0.213% | $170K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 792.59 | −0.148% | $2.8M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 792.57 | −0.151% | $383K | $468K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 792.75 | −0.128% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 793.61 | −0.019% | $1.2M | $932K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 792.40 | −0.172% | $53.2M | $110.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 793.30 | −0.059% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 792.54 | −0.155% | $27.7M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 792.48 | −0.162% | $77.4M | $28.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 792.62 | −0.145% | $4.1M | $76.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 793.72 | −0.006% | $160K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 792.88 | −0.112% | $112K | $887K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 792.75 | −0.128% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 793.16 | −0.077% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 792.80 | −0.122% | $390K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 792.23 | −0.193% | $8.1M | $8.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 793.56 | −0.026% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 792.25 | −0.191% | $1.7M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 792.53 | −0.157% | $381K | $110K | 10x | as long as short |
| Hyperliquid BNBshort | +0.0115% | 1h | 793.21 | −0.070% | $52.6M | $19.8M | 10x | |
| RISEx BNB/USDC | +0.0131% | 1h | 793.16 | −0.076% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USD | +0.0139% | 1h | 794.97 | +0.151% | $646K | $10K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0158% | 8h | 793.50 | −0.034% | $106K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0182% | 8h | 794.06 | +0.037% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 793.66 | −0.014% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 793.04 | −0.092% | $1.6M | $161K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 791.96 | −0.228% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0367% | 1h | 793.54 | −0.029% | $2.7M | $5.7M | 40x | as long as short |
| Hibachi BNB/USDT-Plong | +0.0456% | 1h | 793.77 | long leg | $68K | $38K | 12x |
dYdX BNB-USD
BingX BNB-USDT
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
Bybit BNBUSDT
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Bulk BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP