HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1168%/8h= −127.9% APRnext payment −$1.46 per $10,000 · paid last 24h −0.262%

Price spread now: Hibachi against Coinbase International−0.123%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$770.767% of the position

Long on Coinbase International Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−1.621%−$162 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.123%, 7d avg −0.056%

Together, before fees−1.599%+ Points / potential airdropHibachi: Active · farm board−$160 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Hibachi is 0.068% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	94.320	0.0120	pay 0.0015% / 1h	21m 35s	$4.7M	$6.2M	50x
Short	Hibachi HYPE/USDT-P	94.204	−0.1048	pay 0.0131% / 1h	21m 35s	$200K	$238K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Coinbase International. 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 Coinbase InternationalbpFee HibachibpOrdersPrice spread, now −0.123%Rate

Funding earned: −$245.28
Price spread: −0.123% → −0.056%: −$6.77
Slippage, 4 orders: −$57.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$328.73
Costs to cover: 0.767%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Hibachi: live order book, 22 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 Coinbase International live order book, 2 min ago	3.18 bp	9.6 bp −$10	14.2 bp −$142	36.6 bp −$3,663	doesn't fit
Sell Hibachi live order book, 22 min ago	18.66 bp	24.5 bp −$24	43.9 bp −$439	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	−0.1048%	1h	94.204	−0.123%	$200K	$238K	7x
Aftermath Perps HYPEUSD	−0.0200%	1h	94.001	−0.338%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.189	−0.139%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0064%	1h	94.140	−0.191%	$709K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0054%	1h	94.240	−0.085%	$112K	$579K	20x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	94.298	−0.023%	$86K	$368K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0016%	4h	94.227	−0.099%	$146K	$686K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.296	−0.025%	$129K	$26K	5x	as long as short
Bybit HYPEUSDT	0.0000%	8h	94.240	−0.085%	$317.8M	$289.7M	75x	as long as short
Perpl HYPE	0.0000%	43m	94.289	−0.032%	$19K	$293K	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 −0.0001%	1h	94.419	+0.105%	$84K	—	150x	as long as short
Derive HYPE-PERP	+0.0007%	1h	93.302	−1.079%	$16.2M	$7.5M	10x	as long as short
Bluefin HYPE-PERP	+0.0009%	1h	94.215	−0.111%	$80K	$155K	20x	as long as short
Phoenix HYPE	+0.0017%	1h	93.715	−0.641%	$208K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0052%	4h	94.268	−0.055%	$227.2M	$99.4M	75x	as long as short
Phemex HYPEUSDT	+0.0054%	8h	94.223	−0.103%	$12.9M	$2.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0078%	8h	94.325	+0.005%	$337K	$157K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	94.252	−0.072%	$1.0M	$4.0M	10x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	94.344	+0.025%	$5.0M	$30.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.276	−0.047%	$16.3M	$64.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.286	−0.036%	$3.2M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.266	−0.057%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.270	−0.053%	$17K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.226	−0.100%	$7.5M	$50.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.370	+0.053%	$2.07B	$686.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.255	−0.069%	$8.9M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.304	−0.017%	$10.2M	$15.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.255	−0.069%	$377.1M	$932.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.245	−0.080%	$116.2M	$317.7M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.256	−0.068%	$48.9M	$56.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.271	−0.052%	$89.8M	$84.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.284	−0.038%	$46.7M	$18.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.263	−0.060%	—	$53.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.205	−0.122%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.009	−0.330%	$28.9M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.424	+0.110%	$7.6M	$48.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.356	+0.038%	$363K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.272	−0.051%	$683K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.344	+0.025%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.282	−0.040%	$473K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.285	−0.037%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.228	−0.098%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.350	+0.032%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.275	−0.048%	$218K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.238	−0.087%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.238	−0.087%	$398K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0106%	8h	94.375	+0.058%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0120%	1h	94.320	long leg	$4.7M	$6.2M	50x
Deribit HYPE_USDC-PERPETUAL	+0.0121%	1h	94.318	−0.002%	$7.5M	$4.3M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0022%	1h	94.284	−0.038%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.610	+0.307%	$31K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.227	−0.099%	$77K	$129K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.378	+0.061%	$17.0M	$12.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0412%	1h	94.293	−0.029%	$20.2M	$30.4M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	94.296	−0.026%	$3.2M	$6.4M	20x	as long as short