HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1768%/8h= +193.6% APRnext payment +$2.21 per $10,000 · paid last 24h +0.214%

Price spread now: 01 Exchange against Hibachi+0.417%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on Hibachi Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.117%+$112 on $10k

Price spread, last 4 days (all we have)−0.577%−$58 · spread now +0.417%, 7d avg +0.090%

Together, before fees+0.541%+ Points / potential airdropHibachi: Active · farm board+$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$53 a day on $10k at the current rate, and 01 Exchange is 0.327% dearer against Hibachi than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	92.865	−0.1744	get 0.0218% / 1h	16m 57s	$194K	$232K	7x
Short	01 Exchange HYPEUSD	93.253	0.0024	get 0.0003% / 1h	16m 57s	$87K	$365K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.417%Rate

Funding earned: $371.28
Price spread: +0.417% → +0.090%: $32.75
Slippage, 4 orders: −$52.01
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $336.02
Costs to cover: 0.680%
Break-even: 0.7 days

Slippage from Hibachi: live order book, 37 min ago; 01 Exchange: live order book, 37 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, 37 min ago	9.25 bp	43.2 bp −$43	60.9 bp −$609	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 37 min ago	0.16 bp	5.9 bp −$6	10.4 bp −$104	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	−0.1744%	1h	92.865	long leg	$194K	$232K	7x
Aftermath Perps HYPEUSD	−0.0303%	1h	92.926	+0.065%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	93.202	+0.362%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.219	+0.381%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0053%	4h	93.214	+0.375%	$146K	$674K	20x	as long as short
Bullet HYPE-USD	−0.0007%	1h	93.222	+0.384%	$112K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.254	+0.419%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.236	+0.399%	$22K	$293K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.234	+0.397%	$62K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0016%	1h	93.160	+0.317%	$697K	$1.1M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HYPEUSDT	+0.0021%	8h	93.229	+0.392%	$12.6M	$2.7M	50x	as long as short
01 Exchange HYPEUSDshort	+0.0024%	1h	93.253	+0.417%	$87K	$365K	20x
Phoenix HYPE	+0.0026%	1h	92.923	+0.062%	$208K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0031%	8h	93.066	+0.216%	$317.4M	$284.3M	75x	as long as short
Bitget HYPEUSDT	+0.0042%	4h	93.070	+0.220%	$225.2M	$99.1M	75x	as long as short
Popdex HYPEUSDT	+0.0048%	1h	93.215	+0.376%	$76K	$1.1M	50x	as long as short
Gate HYPE_USDT	+0.0076%	4h	93.139	+0.295%	$45.3M	$54.6M	75x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	92.807	−0.063%	$4.9M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.237	+0.400%	$16.0M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.231	+0.394%	$3.2M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.255	+0.419%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.260	+0.425%	$40K	$1.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.175	+0.333%	$8.7M	$36.4M	300x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.212	+0.373%	$7.2M	$46.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.203	+0.364%	$2.03B	$668.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.256	+0.420%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.116	+0.270%	$374.7M	$910.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.062	+0.212%	$114.0M	$305.8M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.709	−0.169%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.100	+0.253%	$91.6M	$81.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.149	+0.305%	$46.3M	$18.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.090	+0.242%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.181	+0.340%	$7.3M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.839	−0.029%	$28.5M	$57.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.866	+0.001%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.950	+0.091%	$341K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.943	+0.084%	$668K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.227	+0.390%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.262	+0.427%	$489K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.220	+0.382%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.201	+0.361%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.230	+0.393%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.217	+0.379%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.373	+0.547%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.099	+0.252%	$18.1M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.219	+0.380%	$394K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0119%	8h	93.284	+0.451%	$1.8M	$5.5M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.260	+0.425%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0196%	1h	93.284	+0.451%	$20.8M	$29.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.130	+0.285%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0266%	1h	93.209	+0.370%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	93.232	+0.395%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.183	+0.342%	$16.8M	$11.9M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0533%	1h	93.311	+0.480%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.289	+0.456%	$3.2M	$6.3M	20x	as long as short