HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1687%/8h= +184.7% APRnext payment +$2.11 per $10,000 · paid last 24h +0.269%

Price spread now: SoDEX against Hibachi−0.049%7-day average +0.076% · 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−$84as in the Price arb table

costs, in and out, $10k−$710.714% of the position

Long on Hibachi Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.123%+$112 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.049%, 7d avg +0.076%

Together, before fees+1.285%+ Points / potential airdropHibachi: Active · farm board+$128 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.125% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.076%). If the spread goes back, that is −$12 on $10k: about 6 hours of funding at the current rate (+$51 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	94.433	−0.1632	get 0.0204% / 1h	9m 14s	$207K	$268K	7x
Short	SoDEX HYPE-USD	94.387	0.0055	get 0.0007% / 1h	9m 14s	$2.1M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $354.17
Price spread: −0.049% → +0.076%: −$12.49
Slippage, 4 orders: −$54.36
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $270.32
Costs to cover: 0.714%
Break-even: 1.7 days

Slippage from Hibachi: live order book, 30 min ago; SoDEX: 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, 30 min ago	17.49 bp	34.1 bp −$34	54.2 bp −$542	doesn't fit	doesn't fit
Sell SoDEX live order book, 5 min ago	0.05 bp	6.6 bp −$7	11.8 bp −$118	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	−0.1632%	1h	94.433	long leg	$207K	$268K	7x
Bluefin HYPE-PERP	−0.0393%	1h	94.375	−0.062%	$80K	$152K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0206%	1h	94.380	−0.057%	$711K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0199%	1h	94.383	−0.054%	$112K	$575K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0177%	1h	94.403	−0.032%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.392	−0.044%	$88K	$365K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.373	−0.064%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.371	−0.066%	$1.0M	$3.5M	10x	as long as short
Derive HYPE-PERP	−0.0032%	1h	94.359	−0.078%	$16.4M	$7.4M	10x	as long as short
Bybit HYPEUSDT	−0.0020%	8h	94.396	−0.040%	$317.3M	$288.6M	75x	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	−0.0020%	4h	94.395	−0.041%	—	$52.8M	—	as long as short
Lighter HYPE	−0.0008%	1h	94.390	−0.046%	$16.4M	$64.6M	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.381	−0.055%	$147K	$686K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.388	−0.048%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.469	+0.038%	$1.9M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.468	+0.037%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.380	−0.057%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.441	+0.008%	$124K	—	150x	as long as short
Polymarket Perps HYPE-USD	+0.0018%	1h	94.419	−0.015%	$498K	$2.8M	20x	as long as short
Bitget HYPEUSDT	+0.0020%	4h	94.401	−0.034%	$226.6M	$100.1M	75x	as long as short
Phemex HYPEUSDT	+0.0038%	8h	94.376	−0.061%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0040%	8h	94.392	−0.044%	$337K	$154K	20x	as long as short
SoDEX HYPE-USDshort	+0.0055%	1h	94.387	−0.049%	$2.1M	$1.9M	10x
Vest HYPE-PERP	+0.0059%	1h	94.463	+0.031%	—	$190K	5x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.460	+0.028%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0066%	8h	94.411	−0.024%	$117.7M	$325.0M	50x	as long as short
Gate HYPE_USDT	+0.0088%	4h	94.403	−0.032%	$50.4M	$56.8M	75x	as long as short
edgeX HYPEUSDC	+0.0094%	4h	94.392	−0.044%	$5.0M	$30.6M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.391	−0.045%	$3.2M	$10.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.370	−0.067%	$79K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.360	−0.078%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.385	−0.052%	$7.2M	$52.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.479	+0.048%	$2.08B	$686.9M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.412	−0.023%	$8.8M	$36.9M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.413	−0.022%	$10.2M	$14.8M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.409	−0.026%	$378.6M	$931.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.307	−0.134%	$218K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.404	−0.031%	$89.6M	$84.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.387	−0.049%	$46.9M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.377	−0.060%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.383	−0.053%	$29.7M	$54.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.416	−0.018%	$7.6M	$45.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.371	−0.066%	$350K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.419	−0.015%	$683K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.447	+0.014%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.503	+0.074%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.368	−0.069%	$18.3M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.357	−0.081%	$399K	$153K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.450	+0.018%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.740	+0.325%	$31K	$340K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.418	−0.017%	$20.2M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.394	−0.042%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.381	−0.056%	$83K	$121K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0311%	1h	94.497	+0.067%	$7.5M	$4.3M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.399	−0.036%	$17.1M	$12.4M	75x	as long as short