HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1288%/8h= +141.0% APRnext payment +$1.61 per $10,000 · paid last 24h +0.249%

Price spread now: Bullet against Hibachi−0.007%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−$82as in the Price arb table

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

Long on Hibachi Short on Bullet

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)+0.155%+$16 · spread now −0.007%, 7d avg +0.086%

Together, before fees+1.244%+ Points / potential airdropHibachi: Active · farm board+$124 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.093% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.086%). If the spread goes back, that is −$9 on $10k: about 6 hours of funding at the current rate (+$39 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	94.273	−0.1288	get 0.0161% / 1h	3m 16s	$201K	$241K	7x
Short	Bullet HYPE-USD	94.266	0.0000	pay 0.0000% / 1h	3m 16s	$112K	$580K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Hibachi. 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 HibachibpFee BulletbpOrdersPrice spread, now −0.007%Rate

Funding earned: $270.39
Price spread: −0.007% → +0.086%: −$9.31
Slippage, 4 orders: −$55.9
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: $188.18
Costs to cover: 0.729%
Break-even: 2.1 days

Slippage from Hibachi: live order book, 46 min ago; Bullet: live order book, 46 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 Hibachi live order book, 46 min ago	24.38 bp	29.9 bp −$30	49.1 bp −$491	doesn't fit	doesn't fit
Sell Bullet live order book, 46 min ago	0.48 bp	6.0 bp −$6	9.8 bp −$98	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-Plong	−0.1288%	1h	94.273	long leg	$201K	$241K	7x
Aftermath Perps HYPEUSD	−0.0311%	1h	94.294	+0.023%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.328	+0.059%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0015%	4h	94.245	−0.029%	$150K	$681K	20x	as long as short
Bullet HYPE-USDshort	0.0000%	1h	94.266	−0.007%	$112K	$580K	20x
dYdX HYPE-USD	0.0000%	1h	94.272	−0.001%	$129K	$29K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	94.238	−0.037%	$87K	$372K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.263	−0.010%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	94.260	−0.014%	$63K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	94.207	−0.070%	$1.0M	$4.0M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0019%	8h	94.250	−0.024%	$318.4M	$287.1M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	94.438	+0.175%	$211K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0036%	8h	94.265	−0.008%	$12.8M	$2.8M	50x	as long as short
Bitget HYPEUSDT	+0.0036%	4h	94.278	+0.006%	$227.4M	$99.4M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0063%	1h	94.210	−0.066%	$711K	$1.2M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	94.277	+0.005%	$342K	$158K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.254	−0.020%	$16.4M	$63.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.265	−0.008%	$3.2M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.232	−0.043%	$78K	$1.2M	50x	as long as short
edgeX HYPEUSDC	+0.0098%	4h	94.343	+0.075%	$5.0M	$30.4M	30x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.230	−0.045%	$30K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.245	−0.029%	$7.1M	$49.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.321	+0.051%	$2.07B	$679.9M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.256	−0.018%	$8.8M	$37.0M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.261	−0.012%	$10.2M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.277	+0.005%	$378.9M	$925.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.278	+0.006%	$116.4M	$317.8M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.256	−0.018%	$48.3M	$55.8M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.255	−0.019%	$90.8M	$82.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.260	−0.013%	$46.6M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.254	−0.020%	—	$53.7M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.293	+0.022%	$7.2M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.388	+0.123%	$28.9M	$56.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.427	+0.163%	$7.7M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.313	+0.043%	$344K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.316	+0.046%	$675K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.303	+0.032%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.254	−0.020%	$478K	$2.8M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.279	+0.007%	$80K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	94.269	−0.004%	$16.3M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.313	+0.043%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.289	+0.017%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.450	+0.188%	$1.4M	$6.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.197	−0.080%	$217K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.254	−0.020%	$18.2M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.288	+0.016%	$399K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0121%	8h	94.363	+0.096%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	94.610	+0.358%	$31K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.460	+0.199%	$4.7M	$6.1M	50x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	94.243	−0.031%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	94.255	−0.019%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0338%	1h	94.374	+0.107%	$21.0M	$29.6M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.335	+0.066%	$16.8M	$12.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0354%	1h	94.374	+0.108%	$7.5M	$4.1M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	94.252	−0.022%	$3.2M	$6.3M	20x	as long as short