HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1144%/8h= +125.3% APRnext payment +$1.43 per $10,000 · paid last 24h +0.264%

Price spread now: Extended against Hibachi+0.203%47s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs+$110as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.635% of the position

Long on Hibachi Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+1.738%+$174 on $10k

Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.203%, 7d avg +0.024%

Together, before fees+1.430%+ Points / potential airdropHibachi: Active · Extended: Active · farm board+$143 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Extended is 0.179% dearer against Hibachi than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.024%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	94.126	−0.1040	get 0.0130% / 1h	23m 47s	$200K	$238K	7x
Short	Extended HYPE-USD	94.317	0.0104	get 0.0013% / 1h	23m 47s	$18.2M	$43.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.203%Rate

Funding earned: $240.24
Price spread: +0.203% → +0.024%: $17.92
Slippage, 4 orders: −$49.53
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $194.64
Costs to cover: 0.635%
Break-even: 1.3 days

Slippage from Hibachi: live order book, 20 min ago; Extended: live order book, 5 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, 20 min ago	18.66 bp	33.9 bp −$34	53.7 bp −$537	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.05 bp	2.6 bp −$3	4.2 bp −$42	21.2 bp −$2,116	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	−0.1040%	1h	94.126	long leg	$200K	$238K	7x
Aftermath Perps HYPEUSD	−0.0212%	1h	93.815	−0.330%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.218	+0.098%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0062%	1h	94.220	+0.100%	$705K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0054%	1h	94.306	+0.191%	$112K	$579K	20x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	94.296	+0.181%	$86K	$368K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0016%	4h	94.335	+0.222%	$146K	$683K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.322	+0.208%	$129K	$26K	5x	as long as short
Bybit HYPEUSDT	0.0000%	8h	94.323	+0.209%	$318.6M	$288.5M	75x	as long as short
Perpl HYPE	0.0000%	43m	94.227	+0.107%	$20K	$290K	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	94.048	−0.083%	$83K	—	150x	as long as short
Derive HYPE-PERP	+0.0007%	1h	93.302	−0.875%	$16.2M	$7.5M	10x	as long as short
Bluefin HYPE-PERP	+0.0015%	1h	94.375	+0.265%	$80K	$156K	20x	as long as short
Phoenix HYPE	+0.0017%	1h	93.715	−0.437%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0052%	4h	94.329	+0.216%	$227.3M	$99.6M	75x	as long as short
Phemex HYPEUSDT	+0.0056%	8h	94.284	+0.168%	$12.9M	$2.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0078%	8h	94.385	+0.276%	$337K	$161K	20x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	93.620	−0.538%	$5.0M	$30.5M	30x	as long as short
Arcus HYPE-USD	+0.0084%	1h	94.256	+0.138%	$1.0M	$4.0M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.349	+0.237%	$16.3M	$64.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.361	+0.250%	$3.2M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.265	+0.148%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.270	+0.153%	$21K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.234	+0.115%	$7.5M	$50.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.454	+0.348%	$2.08B	$685.1M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.362	+0.251%	$8.9M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.380	+0.270%	$10.2M	$15.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.357	+0.245%	$377.6M	$932.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.340	+0.227%	$116.3M	$318.0M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.370	+0.259%	$49.0M	$56.0M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.344	+0.232%	$89.6M	$84.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.338	+0.225%	$46.7M	$18.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.345	+0.233%	—	$53.6M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.382	+0.272%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.009	−0.125%	$28.9M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.696	−0.457%	$7.6M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.663	−0.492%	$357K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.224	+0.104%	$682K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.322	+0.208%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.317	+0.203%	$473K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.359	+0.248%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.343	+0.231%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.450	+0.344%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.438	−0.731%	$216K	$15K	10x	as long as short
Extended HYPE-USDshort	+0.0104%	1h	94.317	+0.203%	$18.2M	$43.3M	50x
Aevo HYPE-PERP	+0.0104%	1h	94.366	+0.255%	$399K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0107%	8h	94.317	+0.203%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	94.340	+0.227%	$4.7M	$6.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0022%	1h	94.334	+0.220%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.100	−0.028%	$30K	$339K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0206%	1h	94.431	+0.324%	$7.5M	$4.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	93.879	−0.262%	$77K	$129K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.202	+0.081%	$17.0M	$12.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0412%	1h	94.423	+0.316%	$21.1M	$29.5M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	94.316	+0.202%	$3.2M	$6.3M	20x	as long as short