HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1242%/8h= −136.0% APRnext payment −$1.55 per $10,000 · paid last 24h −0.248%

Price spread now: Hibachi against Bullet−0.047%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$730.729% of the position

Long on Bullet Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−1.088%−$109 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now −0.047%, 7d avg −0.086%

Together, before fees−1.189%+ Points / potential airdropHibachi: Active · farm board−$119 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hibachi is 0.039% dearer against Bullet than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.086%): +$4 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet HYPE-USD	93.743	0.0042	pay 0.0005% / 1h	53m 36s	$111K	$581K	20x
Short	Hibachi HYPE/USDT-P	93.699	−0.1200	pay 0.0150% / 1h	53m 36s	$199K	$243K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Bullet. 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 BulletbpFee HibachibpOrdersPrice spread, now −0.047%Rate

Funding earned: −$260.91
Price spread: −0.047% → −0.086%: $3.86
Slippage, 4 orders: −$55.9
Fee Bullet: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$329.95
Costs to cover: 0.729%
Break-even: never at this rate

Slippage from Bullet: live order book, 56 min ago; Hibachi: live order book, 55 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 Bullet live order book, 56 min ago	0.48 bp	8.1 bp −$8	13.2 bp −$132	doesn't fit	doesn't fit
Sell Hibachi live order book, 55 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	−0.1200%	1h	93.699	−0.047%	$199K	$243K	7x
Aftermath Perps HYPEUSD	−0.0272%	1h	93.953	+0.224%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0162%	1h	93.650	−0.099%	$707K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.750	+0.007%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	93.800	+0.061%	$86K	$372K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0018%	4h	93.707	−0.038%	$149K	$681K	20x	as long as short
Bluefin HYPE-PERP	−0.0010%	1h	93.757	+0.015%	$79K	$166K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.815	+0.077%	$129K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.751	+0.009%	$22K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.767	+0.026%	$63K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	+0.0012%	4h	93.789	+0.049%	—	$53.8M	—	as long as short
Bybit HYPEUSDT	+0.0015%	8h	93.782	+0.042%	$316.9M	$287.6M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.872	+0.138%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.794	+0.054%	$226.0M	$99.5M	75x	as long as short
Bullet HYPE-USDlong	+0.0042%	1h	93.743	long leg	$111K	$581K	20x
Phemex HYPEUSDT	+0.0070%	8h	93.781	+0.041%	$12.8M	$2.8M	50x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.782	+0.042%	$1.0M	$4.0M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0088%	8h	93.881	+0.147%	$341K	$158K	20x	as long as short
ApeX Omni HYPEUSDT	+0.0089%	1h	93.802	+0.063%	$348K	$1.0M	50x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	93.749	+0.007%	$5.0M	$30.5M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.815	+0.077%	$16.2M	$63.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.823	+0.085%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.796	+0.057%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.800	+0.061%	$23K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.757	+0.014%	$6.7M	$50.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.902	+0.170%	$2.06B	$681.1M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.818	+0.080%	$8.9M	$37.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.826	+0.089%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.823	+0.086%	$376.2M	$929.3M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.780	+0.039%	$115.8M	$316.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.213	+0.502%	$217K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.791	+0.051%	$48.4M	$54.9M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.814	+0.076%	$89.0M	$83.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.806	+0.067%	$46.3M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.778	+0.037%	$7.2M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.759	+0.017%	$28.7M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.839	+0.102%	$7.7M	$47.9M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.798	+0.059%	$679K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.794	+0.055%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.741	−0.002%	$469K	$2.8M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.723	−0.021%	$16.4M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.816	+0.078%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.740	−0.003%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.895	+0.162%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.776	+0.035%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.735	−0.008%	$396K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0108%	8h	93.730	−0.014%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.760	+0.018%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.740	−0.003%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.722	−0.022%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.769	+0.028%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.752	+0.010%	$17.0M	$12.2M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0358%	1h	93.843	+0.107%	$7.4M	$4.2M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0415%	1h	93.808	+0.070%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.852	+0.116%	$3.2M	$6.4M	20x	as long as short