Funding you earn now, next payment 02:00 UTC−0.1128%/8h= −123.5% APRnext payment −$1.41 per $10,000 · paid last 24h −0.218%
Price spread now: Hibachi against Aevo+0.085%7-day average −0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$258as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$920.918% of the position
Funding, last 7 days−1.660%−$166 on $10k
+Price spread, last 3 days (all we have)−0.204%−$20 · spread now +0.085%, 7d avg −0.082%
=Together, before fees−1.864%+ Points / potential airdropHibachi: Active · farm board−$186 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.167% dearer against Aevo than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of −0.082%): +$17 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo HYPE-PERP | 93.703 | 0.0096 | pay 0.0012% / 1h | 19m 09s | $399K | $175K | 20x |
| Short | Hibachi HYPE/USDT-P | 93.783 | −0.1032 | pay 0.0129% / 1h | 19m 09s | $197K | $229K | 7x |
Aevo HYPE-PERP
Hibachi HYPE/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Aevo. 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
- −$236.88
- Price spread: +0.085% → −0.082%
- $16.7
- Slippage, 4 orders
- −$66.77
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$311.95
- Costs to cover
- 0.918%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 50 min ago; Hibachi: live order book, 50 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 Aevo live order book, 50 min ago | 7.76 bp | 17.2 bp −$17 | 23.0 bp −$230 | 26.4 bp −$2,639 | doesn't fit |
| Sell Hibachi live order book, 50 min ago | 20.74 bp | 33.6 bp −$34 | 53.3 bp −$533 | doesn't fit | 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-Pshort | −0.1032% | 1h | 93.783 | +0.085% | $197K | $229K | 7x | |
| Arcus HYPE-USD | −0.0786% | 1h | 93.594 | −0.116% | $1.2M | $3.8M | 10x | as long as short |
| Phemex HYPEUSDT | −0.0116% | 8h | 93.687 | −0.017% | $12.7M | $2.7M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0093% | 1h | 93.804 | +0.108% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0080% | 1h | 93.640 | −0.067% | $702K | $921K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.746 | +0.046% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0057% | 4h | 93.678 | −0.026% | $156K | $646K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.717 | +0.015% | $85K | $350K | 20x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0034% | 1h | 93.697 | −0.006% | $7.8M | $10.3M | 20x | as long as short |
| Gate HYPE_USDT | −0.0030% | 4h | 93.724 | +0.023% | $44.4M | $55.1M | 75x | as long as short |
Arcus HYPE-USD
Phemex HYPEUSDT
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Backpack HYPE_USDC_PERP
Gate HYPE_USDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0006% | 4h | 93.704 | +0.001% | $8.8M | $35.8M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.756 | +0.057% | $129K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.739 | +0.038% | $22K | $325K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.698 | −0.005% | $26K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0003% | 8h | 93.730 | +0.029% | $321.9M | $280.7M | 75x | as long as short |
| BingX HYPE-USDT | +0.0004% | 4h | 93.706 | +0.003% | — | $53.6M | — | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.885 | +0.194% | $213K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0061% | 1h | 93.693 | −0.010% | $111K | $577K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0066% | 4h | 93.707 | +0.004% | $89.0M | $83.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0067% | 4h | 93.760 | +0.061% | $381.2M | $890.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0069% | 8h | 93.764 | +0.065% | $115.2M | $307.8M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0072% | 4h | 93.783 | +0.085% | $5.1M | $30.0M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 93.751 | +0.052% | $341K | $164K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.722 | +0.020% | $16.4M | $62.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.715 | +0.013% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.703 | 0.000% | $67K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERPlong | +0.0096% | 1h | 93.703 | long leg | $399K | $175K | 20x | |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.750 | +0.050% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.707 | +0.004% | $5.7M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.832 | +0.137% | $2.05B | $665.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.742 | +0.042% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.707 | +0.004% | $46.4M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.719 | +0.017% | $227.0M | $98.3M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.748 | +0.048% | $31.1M | $54.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.837 | +0.143% | $7.6M | $47.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.800 | +0.104% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.773 | +0.075% | $669K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.773 | +0.075% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.742 | +0.042% | $473K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.645 | −0.062% | $79K | $171K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.660 | −0.046% | $16.3M | $7.7M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.781 | +0.083% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.706 | +0.003% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.880 | +0.189% | $204K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.682 | −0.022% | $18.3M | $44.2M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.750 | +0.050% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 94.180 | +0.509% | $31K | $339K | 12x | as long as short |
| HTX HYPE-USDT | +0.0198% | 4h | 93.850 | +0.157% | $1.4M | $5.9M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.786 | +0.089% | $3.2M | $7.0M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0255% | 1h | 93.711 | +0.009% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.813 | +0.118% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.696 | −0.007% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0401% | 1h | 93.799 | +0.103% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0680% | 1h | 93.807 | +0.112% | $20.9M | $29.8M | 50x | as long as short |
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Phoenix HYPE
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD