HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0532%/8h= −58.3% APRnext payment −$0.66 per $10,000 · paid last 24h −0.232%

Price spread now: Hibachi against Vest+0.012%7-day average −0.063% · you sell dearer than you buy

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

Long on Vest Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.949%−$95 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.012%, 7d avg −0.063%

Together, before fees−0.925%+ Points / potential airdropVest: Active · Hibachi: Active · farm board−$92 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hibachi is 0.075% dearer against Vest than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.063%): +$7 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	92.365	0.0100	pay 0.0013% / 1h	37m 35s	—	$243K	5x
Short	Hibachi HYPE/USDT-P	92.376	−0.0432	pay 0.0054% / 1h	37m 35s	$193K	$229K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Vest. 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 VestbpFee HibachibpOrdersPrice spread, now +0.012%Rate

Funding earned: −$111.72
Price spread: +0.012% → −0.063%: $7.5
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$115.22
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Hibachi: live order book, 21 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 Vest no order-book sample	—	—	—	—	—
Sell Hibachi live order book, 21 min ago	14.58 bp	32.1 bp −$32	52.0 bp −$520	doesn't fit	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Arcus HYPE-USD	−0.0948%	1h	92.270	−0.103%	$1.0M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-Pshort	−0.0432%	1h	92.376	+0.012%	$193K	$229K	7x
Aftermath Perps HYPEUSD	−0.0158%	1h	92.321	−0.048%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	92.258	−0.116%	$86K	$356K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.288	−0.083%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0069%	4h	92.275	−0.097%	$157K	$663K	20x	as long as short
Bullet HYPE-USD	−0.0048%	1h	92.293	−0.077%	$110K	$580K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0002%	1h	92.250	−0.124%	$695K	$1.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.311	−0.058%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.296	−0.074%	$22K	$309K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0001%	4h	92.274	−0.099%	$8.7M	$36.4M	300x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.326	−0.042%	$61K	—	150x	as long as short
BingX HYPE-USDT	+0.0032%	4h	92.252	−0.122%	—	$53.3M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.379	+0.015%	$209K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0054%	8h	92.240	−0.135%	$315.4M	$281.3M	75x	as long as short
Phemex HYPEUSDT	+0.0062%	8h	92.287	−0.084%	$12.5M	$2.7M	50x	as long as short
Gate HYPE_USDT	+0.0062%	4h	92.249	−0.125%	$44.2M	$55.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0079%	8h	92.247	−0.128%	$112.8M	$301.7M	50x	as long as short
MEXC HYPE_USDT	+0.0082%	4h	92.258	−0.116%	$87.0M	$80.5M	100x	as long as short
Binance HYPEUSDT	+0.0084%	4h	92.264	−0.109%	$369.8M	$901.1M	75x	as long as short
edgeX HYPEUSDC	+0.0089%	4h	92.287	−0.084%	$4.9M	$29.5M	30x	as long as short
Derive HYPE-PERP	+0.0090%	1h	92.271	−0.101%	$16.0M	$7.5M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	92.306	−0.063%	$338K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.275	−0.097%	$16.0M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.275	−0.097%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.253	−0.121%	$68K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.260	−0.113%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.335	−0.032%	$6.8M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.320	−0.049%	$2.01B	$663.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.278	−0.094%	$10.0M	$15.0M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.245	−0.130%	$201K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.267	−0.106%	$45.8M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.260	−0.113%	$223.8M	$98.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.255	−0.119%	$7.3M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.258	−0.116%	$28.3M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.315	−0.054%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.289	−0.082%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.349	−0.017%	$662K	$2.7M	20x	as long as short
Vest HYPE-PERPlong	+0.0100%	1h	92.365	long leg	—	$243K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	92.327	−0.041%	$475K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.270	−0.103%	$78K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.349	−0.017%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.278	−0.094%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.441	+0.082%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.202	−0.176%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.335	−0.032%	$390K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.688%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.390	+0.027%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0253%	8h	92.339	−0.028%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0261%	1h	92.316	−0.053%	$79K	$138K	15x	as long as short
BloFin HYPE-USDT	+0.0325%	4h	92.277	−0.095%	$16.7M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.315	−0.054%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0333%	1h	92.346	−0.020%	$20.5M	$30.5M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0487%	1h	92.391	+0.028%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.303	−0.067%	$3.1M	$6.4M	20x	as long as short