HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1146%/8h= +125.5% APRnext payment +$1.43 per $10,000 · paid last 24h +0.310%

Price spread now: Injective against Hibachi−0.046%7-day average +0.237% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hibachi Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.887%+$389 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.046%, 7d avg +0.237%

Together, before fees+3.910%+ Points / potential airdropHibachi: Active · farm board+$391 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.283% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.237%). If the spread goes back, that is −$28 on $10k: about 20 hours of funding at the current rate (+$34 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	92.783	−0.0904	get 0.0113% / 1h	44m 58s	$193K	$229K	7x
Short	Injective HYPE/USDC PERP	92.740	0.0242	get 0.0030% / 1h	44m 58s	$30K	$339K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Hibachi. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −0.046%Rate

Funding earned: $240.71
Price spread: −0.046% → +0.237%: −$28.33
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $203.37
Costs to cover: 0.090%
Break-even: 1.1 days

Slippage unknown: Hibachi: live order book, 9 min ago; Injective: live order book, 9 min ago. Net counts fees only.

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, 9 min ago	9.25 bp	43.2 bp −$43	60.9 bp −$609	doesn't fit	doesn't fit
Sell Injective live order book, 9 min ago	12.37 bp	3737.0 bp −$3,737	doesn't fit	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	−0.0904%	1h	92.783	long leg	$193K	$229K	7x
Aftermath Perps HYPEUSD	−0.0262%	1h	92.888	+0.114%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.774	−0.009%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.917	+0.145%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0062%	4h	92.859	+0.082%	$158K	$665K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.854	+0.077%	$127K	$29K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	92.906	+0.133%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	92.845	+0.067%	$22K	$301K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.856	+0.079%	$62K	—	150x	as long as short
Bullet HYPE-USD	+0.0006%	1h	92.778	−0.005%	$112K	$578K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	+0.0008%	4h	92.862	+0.085%	$44.7M	$53.8M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0019%	1h	92.820	+0.040%	$698K	$1.1M	10x	as long as short
Phoenix HYPE	+0.0026%	1h	92.899	+0.125%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0032%	8h	92.850	+0.072%	$316.1M	$282.7M	75x	as long as short
01 Exchange HYPEUSD	+0.0048%	1h	92.837	+0.058%	$87K	$362K	20x	as long as short
Phemex HYPEUSDT	+0.0051%	8h	92.884	+0.109%	$12.5M	$2.7M	50x	as long as short
Bitget HYPEUSDT	+0.0074%	4h	92.851	+0.074%	$224.9M	$99.1M	75x	as long as short
Popdex HYPEUSDT	+0.0088%	1h	92.804	+0.023%	$70K	$1.1M	50x	as long as short
Aster HYPEUSDT	+0.0090%	4h	92.870	+0.094%	$8.7M	$36.1M	300x	as long as short
Lighter HYPE	+0.0096%	1h	92.876	+0.100%	$16.1M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.877	+0.102%	$3.1M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	92.824	+0.045%	$339K	$163K	20x	as long as short
edgeX HYPEUSDC	+0.0099%	4h	92.872	+0.096%	$4.9M	$29.6M	30x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.800	+0.019%	$39K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.805	+0.024%	$7.4M	$45.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.904	+0.131%	$2.02B	$665.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.822	+0.042%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.858	+0.081%	$373.4M	$904.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.865	+0.089%	$113.9M	$304.4M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.942	+0.171%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.858	+0.081%	$87.3M	$80.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.867	+0.091%	$46.0M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.863	+0.086%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.880	+0.105%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.879	+0.103%	$28.6M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.944	+0.174%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.852	+0.075%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.859	+0.082%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.866	+0.090%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.839	+0.061%	$468K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.849	+0.071%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.829	+0.050%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.805	+0.024%	$31K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.868	+0.092%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.832	+0.054%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.870	+0.094%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.880	+0.105%	$4.7M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0164%	4h	93.064	+0.303%	$1.4M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.930	+0.159%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERPshort	+0.0242%	1h	92.740	−0.046%	$30K	$339K	12x
Reya HYPERUSDPERP	+0.0264%	1h	92.794	+0.012%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.820	+0.040%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.796	+0.014%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0407%	1h	92.954	+0.185%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.871	+0.095%	$3.1M	$6.4M	20x	as long as short