Hibachi
dexMaker 0 bps · Taker 4.5 bps
Markets
| Asset | Mark Price ↕ | Funding APR ↕ | Interval ↕ | Open Interest ↓ | 24h Volume ↕ |
|---|---|---|---|---|---|
 BTC | $63,050.8394 | -7.88% | 1h | $1.1M | $8.5M |
 ETH | $1,762.739 | -28.91% | 1h | $469K | $1.1M |
 BNB | $577.6413 | +5.26% | 1h | $330K | $77K |
 XRP | $1.123 | -7.01% | 1h | $215K | $41K |
 HYPE | $69.8397 | +10.51% | 1h | $168K | $239K |
| 🇪🇺EUR | $1.1442 | +49.06% | 1h | $111K | $3.1M |
 SOL | $80.654 | -18.40% | 1h | $104K | $255K |
 PAXG | $4,123.9855 | +13.14% | 1h | $57K | $18K |
| 🇬🇧GBP | $1.3393 | +16.64% | 1h | $27K | $7K |
| 🇦🇺AUD | $0.6946 | +8.76% | 1h | $17K | $21K |
| NZNZD | $0.5699 | +27.16% | 1h | $6K | $7K |
Click an asset to view market overview · Funding rates update every 60s
About Hibachi funding & fees
Hibachi is a decentralized perpetual exchange (perp DEX) tracked live on ORBIT, listing 11 perpetual markets, $2.6M total open interest, $13.4M in 24h volume. Average funding across its markets is +6.21% annualized. ORBIT compares Hibachi's funding rates against 35 other venues so you can spot where it diverges from the rest of the market.
Hibachi charges 4.5 bps taker and 0 bps maker fees on perpetuals. Execution cost matters for funding arbitrage — ORBIT's backtester subtracts both legs' taker fees plus live order-book slippage, so the PnL it shows is net of what you actually pay.
Hibachi currently runs an active points program with no token live yet — every trade accrues points toward a future airdrop. That makes it a prime venue for the long leg of a delta-neutral funding trade: you farm points on the position you are holding anyway. Estimate what those points could be worth with the [Points Calculator](/tools/points-calculator).
To run funding arbitrage with Hibachi, find an asset whose funding here diverges from another venue on the [Funding Screener](/screener), then verify the pair in the [backtester](/pair/BTC). Its most active markets right now include BTC (-7.88%), ETH (-28.91%), BNB (+5.26%).
Frequently asked questions
- What are Hibachi trading fees?
- Hibachi charges 4.5 bps taker and 0 bps maker on perpetual futures. Round-trip cost on both legs is what a funding-arbitrage trade has to overcome before it profits.
- Is Hibachi a CEX or DEX?
- Hibachi is a decentralized perpetual exchange (perp DEX). You trade non-custodially from your own wallet.
- Does Hibachi have an airdrop or points program?
- Yes — Hibachi is actively distributing points with no token live yet. Trading volume accrues points that may convert to a future airdrop. Stack them on a funding-arbitrage long leg and value them with the ORBIT Points Calculator.
- How do I arbitrage funding rates on Hibachi?
- Open the ORBIT Funding Screener, find an asset where Hibachi's funding is much higher or lower than another exchange, then go long on the lower-funding venue and short on the higher one in equal size. Backtest the exact pair on ORBIT first to confirm it is profitable net of fees and slippage.
- How much open interest does Hibachi have?
- Hibachi currently has $2.6M in total open interest across 11 perpetual markets, with $13.4M traded in the last 24 hours.