Funding you earn now, next payment 06:00 UTC−0.1520%/8h= −166.4% APRnext payment −$1.90 per $10,000 · paid last 24h −0.261%
Price spread now: Hibachi against Lighter RH−0.013%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$620.624% of the position
Funding, last 7 days−1.646%−$165 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.013%, 7d avg −0.082%
=Together, before fees−1.524%+ Points / potential airdropLighter RH: Points live · Hibachi: Active · farm board−$152 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.069% dearer against Lighter RH than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.082%): +$7 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH HYPE | 93.257 | 0.0096 | pay 0.0012% / 1h | 24m 31s | $3.1M | $11.5M | 20x |
| Short | Hibachi HYPE/USDT-P | 93.245 | −0.1424 | pay 0.0178% / 1h | 24m 31s | $197K | $237K | 7x |
Lighter RH HYPE
Hibachi HYPE/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Lighter RH. 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
- −$319.2
- Price spread: −0.013% → −0.082%
- $6.88
- Slippage, 4 orders
- −$53.42
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$374.74
- Costs to cover
- 0.624%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 4 min ago; Hibachi: live order book, 24 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 RH live order book, 4 min ago | 1.02 bp | 1.4 bp −$1 | 2.7 bp −$27 | 26.7 bp −$2,671 | doesn't fit |
| Sell Hibachi live order book, 24 min ago | 24.38 bp | 28.9 bp −$29 | 48.6 bp −$486 | 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 | −0.1424% | 1h | 93.245 | −0.013% | $197K | $237K | 7x | |
| Aftermath Perps HYPEUSD | −0.0368% | 1h | 93.225 | −0.035% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.291 | +0.036% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0074% | 1h | 93.282 | +0.027% | $111K | $580K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0022% | 4h | 93.264 | +0.008% | $146K | $666K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0008% | 1h | 93.376 | +0.128% | $87K | $365K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.304 | +0.050% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.278 | +0.023% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.303 | +0.049% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.275 | +0.019% | $1.0M | $3.9M | 10x | as long as short |
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0014% | 4h | 93.332 | +0.080% | $225.2M | $98.9M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.320 | +0.068% | $317.1M | $282.4M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.282 | +0.027% | $207K | $1.2M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0035% | 1h | 93.240 | −0.018% | $702K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0054% | 8h | 93.266 | +0.010% | $12.7M | $2.8M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.101 | −0.167% | $4.9M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.322 | +0.070% | $340K | $157K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.272 | +0.016% | $16.1M | $63.2M | 20x | as long as short |
| Lighter RH HYPElong | +0.0096% | 1h | 93.257 | long leg | $3.1M | $11.5M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.347 | +0.097% | $75K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.260 | +0.003% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.284 | +0.029% | $8.0M | $48.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.280 | +0.024% | $2.03B | $665.4M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.308 | +0.055% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.310 | +0.057% | $10.1M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.328 | +0.076% | $374.0M | $912.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.332 | +0.080% | $114.6M | $309.3M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.230 | −0.029% | $215K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.281 | +0.026% | $46.9M | $54.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.308 | +0.055% | $90.6M | $81.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.267 | +0.011% | $46.1M | $18.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.304 | +0.050% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.255 | −0.002% | $7.3M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.070 | −0.201% | $28.4M | $56.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.241 | −0.017% | $7.5M | $47.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.095 | −0.174% | $341K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.296 | +0.042% | $668K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.361 | +0.111% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.346 | +0.095% | $484K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.290 | +0.035% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.273 | +0.017% | $16.1M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.319 | +0.066% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.272 | +0.016% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.450 | +0.207% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.280 | +0.024% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.274 | +0.018% | $394K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0105% | 8h | 93.358 | +0.108% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.620 | +0.389% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.280 | +0.025% | $4.6M | $5.8M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0269% | 1h | 93.327 | +0.075% | $80K | $127K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.296 | +0.042% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.269 | +0.013% | $16.8M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0341% | 1h | 93.330 | +0.078% | $20.8M | $29.5M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0500% | 1h | 93.375 | +0.127% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.373 | +0.125% | $3.2M | $6.2M | 20x | as long as short |
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Ondo Perps HYPE-USD.P
Phemex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC