Funding you earn now, next payment 03:00 UTC−0.1376%/8h= −150.7% APRnext payment −$1.72 per $10,000 · paid last 24h −0.229%
Price spread now: Hibachi against Lighter+0.063%7-day average −0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$590.590% of the position
Funding, last 7 days−1.648%−$165 on $10k
+Price spread, last 4 days (all we have)+0.456%+$46 · spread now +0.063%, 7d avg −0.103%
=Together, before fees−1.192%+ Points / potential airdropLighter: Season 3 · Hibachi: Active · farm board−$119 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.166% dearer against Lighter than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.103%): +$17 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 93.287 | 0.0096 | pay 0.0012% / 1h | 27m 49s | $16.2M | $61.9M | 20x |
| Short | Hibachi HYPE/USDT-P | 93.345 | −0.1280 | pay 0.0160% / 1h | 27m 49s | $197K | $227K | 7x |
Lighter HYPE
Hibachi HYPE/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$288.96
- Price spread: +0.063% → −0.103%
- $16.58
- Slippage, 4 orders
- −$50.01
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$331.39
- Costs to cover
- 0.590%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Hibachi: live order book, 36 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 Lighter live order book, 6 min ago | 0.23 bp | 1.2 bp −$1 | 2.6 bp −$26 | 11.7 bp −$1,172 | 38.2 bp −$19.1K |
| Sell Hibachi live order book, 36 min ago | 12.16 bp | 24.0 bp −$24 | 43.8 bp −$438 | 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-Pshort | −0.1280% | 1h | 93.345 | +0.063% | $197K | $227K | 7x | |
| Arcus HYPE-USD | −0.0899% | 1h | 93.194 | −0.099% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0106% | 1h | 93.320 | +0.036% | $699K | $996K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.305 | +0.020% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.295 | +0.009% | $85K | $344K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0050% | 1h | 93.421 | +0.144% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0044% | 4h | 93.269 | −0.019% | $153K | $652K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0044% | 8h | 93.291 | +0.005% | $12.6M | $2.7M | 50x | as long as short |
| Bullet HYPE-USD | −0.0007% | 1h | 93.305 | +0.019% | $111K | $578K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.309 | +0.024% | $128K | $31K | 5x | as long as short |
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
Bullet HYPE-USD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.302 | +0.017% | $23K | $319K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.324 | +0.040% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0023% | 4h | 93.276 | −0.012% | $8.8M | $35.6M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.609 | +0.345% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0027% | 4h | 93.280 | −0.007% | — | $53.0M | — | as long as short |
| Bybit HYPEUSDT | +0.0039% | 8h | 93.270 | −0.018% | $320.8M | $276.9M | 75x | as long as short |
| Gate HYPE_USDT | +0.0058% | 4h | 93.271 | −0.017% | $44.6M | $55.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 93.246 | −0.044% | $114.0M | $301.4M | 50x | as long as short |
| Derive HYPE-PERP | +0.0083% | 1h | 93.258 | −0.031% | $16.2M | $7.5M | 10x | as long as short |
| Lighter HYPElong | +0.0096% | 1h | 93.287 | long leg | $16.2M | $61.9M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.304 | +0.018% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.290 | +0.003% | $69K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.343 | +0.061% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.270 | −0.018% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.299 | +0.013% | $5.8M | $43.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.331 | +0.047% | $2.04B | $654.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.331 | +0.047% | $10.0M | $14.7M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.266 | −0.023% | $378.4M | $876.5M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.364 | +0.083% | $203K | $10K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.278 | −0.009% | $89.7M | $80.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.301 | +0.015% | $45.9M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.255 | −0.034% | $225.4M | $96.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.278 | −0.009% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.546 | +0.278% | $31.2M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.614 | +0.351% | $7.6M | $45.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.581 | +0.315% | $340K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.415 | +0.137% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.366 | +0.084% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.333 | +0.050% | $471K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.261 | −0.028% | $79K | $170K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.345 | +0.062% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.279 | −0.008% | $2.0M | $1.9M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0102% | 4h | 93.459 | +0.185% | $5.1M | $29.7M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.254 | −0.035% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.280 | −0.008% | $397K | $162K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.350 | +0.068% | $4.8M | $5.5M | 50x | as long as short |
| HTX HYPE-USDT | +0.0176% | 4h | 93.447 | +0.172% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0258% | 1h | 93.299 | +0.013% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0280% | 8h | 93.348 | +0.066% | $1.9M | $5.0M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.328 | +0.044% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.339 | +0.056% | $16.9M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0468% | 1h | 93.379 | +0.099% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.377 | +0.097% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.280 | −0.007% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.348 | +0.066% | $20.7M | $29.7M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD