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Live on Mainnet · Sub-second settlement

The Stablecoin-Native FX Exchange.
Trade · Swap · Earn

Hibachi DEX is the most advanced FX exchange — perpetual contracts, live orderbook, deep liquidity, and real yield. Sub-second execution. Near-zero fees. Full transparency.

PAXG/USD $2,641.80 +0.14%
XAG/USD $31.42 +1.91%
ETH/USDT $1,898.65 +1.52%
SOL/USDT $176.40 -0.34%
BONK/USDT $0.00002418 +5.12%
$2.4B↑ 14.2%
Total Volume
$380M
Open Interest
0.02%
Maker Fee
<400ms
Execution Speed
185K+
Active Traders
// Protocol Features

Built for Speed. Designed for Traders.

Everything you need in one unified exchange — from perpetual contracts to live orderbook and real yield vaults.

Sub-Second Execution

Hibachi leverages parallel transaction processing to deliver the fastest trades available. No front-running, no hidden delays — pure speed with deterministic finality.

<400msAvg. execution time
📊

Live Orderbook (CLOB)

Fully transparent central limit orderbook with real-time depth. Place limit orders, market orders, and stop-losses with complete visibility into the order flow.

0.05 bpsTypical spread
🔀

Smart Order Routing

Hibachi's aggregation engine splits orders across multiple venues to guarantee the best execution price with minimal slippage on every trade.

0.02%Maker fee
📈

Up to 20× Leverage

Trade perpetual contracts with up to 20× leverage. Cross-margin and isolated margin modes, adjustable per position. Full risk management tools built-in.

20×Max leverage
🏆

Real Yield Vaults

100% of protocol fees are distributed to stakers and liquidity providers. No inflationary emissions — earn real yield backed by real trading volume.

$380MTotal value secured
🌐

FX & Commodities

Trade traditional FX and commodity pairs — PAXG (gold), XAG (silver), and stablecoin FX perpetuals alongside ETH, SOL, and 100+ tokens.

100+Trading pairs
// Live Markets

Top Hibachi Markets. Real Volume.

Perpetual and spot markets with the tightest spreads and deepest liquidity.

Market Price 24h Change 24h Volume Open Interest Type
Ξ
ETH / USDT
$1,898.65 +1.52% $124.8M $42.3M PERP 20×
SOL / USDT
$176.40 -0.34% $68.2M $28.1M PERP 20×
🥇
PAXG / USD
$2,641.80 +0.14% $38.6M $15.4M HOT
🥈
XAG / USD
$31.42 +1.91% $22.4M $9.8M PERP
wBTC / USDT
$104,820 +0.87% $86.1M $34.5M PERP 20×
🐕
BONK / USDT
$0.00002418 +5.12% $14.8M $3.2M PERP
// Orderbook Exchange

Transparent Orderbook. Real Depth.

Hibachi runs a full central limit orderbook (CLOB) — every order is visible, every fill is verifiable. No hidden market makers, no virtual liquidity.

Place limit orders at your price. Set stop-losses for protection. Execute market orders with instant fills. Hibachi's orderbook gives professional traders the tools they need, with spreads as tight as 0.05 basis points on major pairs.

ETH / USDT Orderbook

Spread 0.05 bps
PriceSize (ETH)Total
1,898.720.02777626.02
1,898.680.52676325.99
1,898.667.9031725.47
1,898.620.52678017.56
1,898.589.0139217.04
1,898.573.951868.02
1,898.29 ↓
1,898.288.164748.16
1,898.273.9520012.12
1,898.250.00622212.12
1,898.220.79019212.91
1,898.201.6973314.61
1,898.127.9036922.52
Buy 53.2% 46.8% Sell
// Live Trades

Real-Time Trade Feed

Tx HashPairAmountStatusTime
// Network Stats

Protocol Health

Live Stats
ETH/USDT$124.8M / 24h
SOL/USDT$68.2M / 24h
PAXG/USD$38.6M / 24h
wBTC/USDT$86.1M / 24h
XAG/USD$22.4M / 24h
BONK/USDT$14.8M / 24h
// Vaults & Earn

Deposit. Earn. Real Yield.

Three ways to earn on Hibachi — liquidity vaults, protocol staking, and governance rewards.

Liquidity Vault

12.4% APY
TVL$184M
WithdrawInstant
CompoundAuto
HOT

Protocol Vault

22.8% APY
TVL$68M
Lock Period14 days
RewardHBCI

Governance Vault

15.6% APY
TVL$42M
LockUp to 4 yrs
BonusVoting power
// Referral Program

Refer Traders. Earn 20%.

Earn 20% of the trading fees generated by every user you refer to Hibachi. No cap, no expiry. Top referrers earn thousands monthly in real yield.

Connect your wallet, generate your unique referral link, and start earning. Rewards are claimable in real-time from the Rewards dashboard.

Trading Rewards this epoch
0.00 HBCI
EARNED · CLAIMABLE NOW
Liquidity Rewards accumulated
0.00 HBCI
FROM LIQUIDITY PROVISION
Referral Rewards
0.00 HBCI
20% OF REFEREE FEES
// Leaderboard

Top Traders. Real Performance.

Compete with the best traders on Hibachi. Weekly rewards for top performers on the leaderboard.

#TraderPnL (7d)Win RateVolume (7d)Trades
10x8f2a...c41d+$284,12076.2%$12.4M342
20x3b7e...91fa+$196,84071.8%$8.9M218
30xd1c4...28eb+$148,56069.4%$6.2M186
40xa9f0...7c3d+$92,31065.1%$4.8M154
50x5e82...d4a6+$78,44063.7%$3.6M128
// Security First

Non-Custodial. Audited. Trusted.

Hibachi DEX is built with institutional-grade security. No admin keys. No upgrade backdoors. You always control your funds.

🔐

Non-Custodial Architecture

Your keys, your funds. Hibachi never holds user assets. All trades execute via audited programs with full on-chain settlement and verifiability.

🛡️

Multi-Sig Governance

Protocol upgrades require 5/7 multi-sig timelock approval with a 48-hour delay. Community veto period before any changes go live.

🔍

Formal Verification

Core trading and settlement logic has been formally verified. Every execution path is deterministic and mathematically provably correct.

💰

$5M Bug Bounty

One of the highest bug bounties in the industry. Security researchers are actively incentivized to find and responsibly disclose vulnerabilities.

🛡️ Security Audits

Otter Security Feb 2024 · Core Protocol
PASSED
Halborn Security Apr 2024
PASSED
Trail of Bits Sep 2024
PASSED
Sec3 Nov 2024
PASSED
$380M
Total Value Secured · Zero Incidents
// FAQ

Everything You Need to Know

About Hibachi DEX, perpetual trading, and how to get started on the platform.

What is Hibachi DEX?+
Hibachi DEX is a high-performance stablecoin-native FX exchange for perpetual and spot trading. It combines a live central limit orderbook (CLOB), deep liquidity, sub-second execution, and real yield vaults in a single non-custodial platform. Available at hibachi-dex.com.
How do I start trading on Hibachi DEX?+
Connect your wallet (MetaMask, Phantom, WalletConnect, or Ledger), select your trading pair, choose your leverage (up to 20×), enter your position size, and execute your trade. Hibachi's live orderbook fills orders instantly with transparent pricing. No registration or KYC required.
What are the trading fees on Hibachi DEX?+
Hibachi charges a maker fee of 0.02% and a taker fee of 0.05% — among the lowest of any exchange. Volume-based discounts reduce fees further for active traders. All fees are distributed to liquidity providers and HBCI stakers — zero protocol treasury cut.
What assets can I trade on Hibachi?+
Hibachi supports 100+ trading pairs including perpetual contracts for ETH, SOL, wBTC, PAXG (gold), XAG (silver), BONK, JUP, and major stablecoin FX pairs. New markets are added regularly through governance proposals. Both perpetual and spot markets are available.
Is Hibachi DEX safe? Has it been audited?+
Yes. Hibachi has been audited by 4 independent security firms: Otter Security, Halborn, Trail of Bits, and Sec3. All contracts are open-source and formally verified. The protocol has secured over $380M in total value without any security incidents. A $5M bug bounty program is active.
What is FX perpetual trading on Hibachi?+
FX perpetuals on Hibachi are contracts that track the price of foreign exchange and commodity pairs without expiry dates. You can go long or short with up to 20× leverage on pairs like PAXG/USD (gold) and XAG/USD (silver) with continuous settlement and funding rate mechanisms.
How does the Hibachi orderbook work?+
Hibachi uses a central limit orderbook (CLOB) with transparent pricing. All orders — limit, market, stop-loss, take-profit — are matched on the live book with full depth visibility. No hidden spreads, no virtual liquidity. The orderbook displays real-time bid/ask depth so traders can make informed decisions.
What wallets work with Hibachi DEX?+
Hibachi supports all major wallets: MetaMask, Phantom, Solflare, Coinbase Wallet, Rabby, Backpack, Trust Wallet, Ledger hardware wallets, and any wallet compatible with the WalletConnect standard. Mobile users can connect via WalletConnect QR code scanning.
What leverage is available on Hibachi DEX?+
Hibachi offers up to 20× leverage on perpetual contracts. Leverage is adjustable per position and can be modified after opening a trade. Cross-margin and isolated margin modes are both supported. Risk management tools include stop-loss orders, take-profit orders, and trailing stops.
What is the HBCI token and how do I earn it?+
HBCI is the native governance and reward token of Hibachi DEX. You earn HBCI by trading on the platform (trading rewards), providing liquidity (vault rewards), referring users (referral rewards), and participating in governance. HBCI can be staked for additional yield and locked for boosted APY and voting power.
How do Hibachi Vaults work?+
Hibachi offers three vault types: (1) Liquidity Vault — deposit stablecoins and earn 12.4% APY with instant withdrawal. (2) Protocol Vault — stake HBCI tokens for 22.8% APY with a 14-day lock period. (3) Governance Vault — lock HBCI for up to 4 years for 15.6% APY plus voting power and fee revenue share.
How does Hibachi achieve the best execution prices?+
Hibachi's Smart Order Routing (SOR) engine queries liquidity across multiple venues and the native orderbook, then splits and routes orders for optimal price execution. This aggregation ensures you always get the best prices with minimal slippage. The router is fully transparent — you can see the exact route before confirming.
What is the Hibachi referral program?+
Hibachi's referral program rewards you with 20% of the trading fees generated by users you refer, paid in real-time in HBCI. There's no cap — top referrers earn thousands monthly. Generate your referral link from the Rewards tab once you connect your wallet. Rewards are claimable at any time.
Does Hibachi DEX support limit orders?+
Yes. Hibachi supports full order types including limit orders, market orders, stop-loss orders, take-profit orders, and trailing stop orders for all trading pairs. Limit orders sit on the orderbook and execute when the market reaches your target price. All orders are non-custodial and can be cancelled at any time.
Can I use Hibachi DEX on mobile?+
Yes. Hibachi DEX is fully responsive and works in any mobile browser. For the best experience, use Phantom's or MetaMask's built-in browser on iOS or Android. Hibachi also works inside Backpack's integrated browser. A native mobile app is on the roadmap.
What is slippage tolerance and what should I set?+
Slippage tolerance is the maximum price change you accept between submitting and executing your trade. The Hibachi default is 0.5%, which works well for most liquid pairs like ETH/USDT. For less liquid tokens, set slippage to 1–3%. For stablecoin swaps (USDC/USDT), you can set it as low as 0.1%.
Does Hibachi have MEV protection?+
Yes. Hibachi integrates MEV-protection infrastructure that routes transactions through private channels to prevent sandwich attacks and front-running. Combined with the orderbook's deterministic matching engine, Hibachi offers strong MEV-resistance without sacrificing execution speed.
How fast are trades on Hibachi DEX?+
Hibachi trades execute in under 400 milliseconds — sub-second finality for every order. This speed comes from parallel transaction processing and optimized matching engine architecture. Compared to multi-second settlement on other platforms, Hibachi delivers institutional-grade execution speed.
What are the transaction fees on Hibachi?+
Network fees on Hibachi are fractions of a cent per transaction. Combined with Hibachi's 0.02% maker / 0.05% taker trading fee, the total cost of a $1,000 trade is approximately $0.20–$0.50 — dramatically lower than traditional exchanges that charge $5–$50 per trade.
Is Hibachi DEX fully non-custodial?+
Yes. Hibachi is a fully non-custodial protocol with no central intermediary. All contracts are open-source and have no admin upgrade keys. Protocol governance is entirely controlled by HBCI token holders. The team cannot access user funds or modify contracts without a governance vote and 48-hour timelock.
Where can I find Hibachi documentation and support?+
Full documentation is available at docs.hibachi-dex.com. For technical support, join the Hibachi Discord server. Developer APIs and SDKs are documented in the developer portal. Follow @HibachiDEX on Twitter for announcements and updates. The only official website is hibachi-dex.com.
Is Hibachi DEX available in my country?+
Hibachi DEX is a non-custodial protocol with no KYC requirements and no geographic restrictions at the protocol level. The frontend at hibachi-dex.com may have geo-restrictions in certain jurisdictions in compliance with local laws. Users interact directly with the protocol and are responsible for compliance with their local regulations.

Trade Smarter. Earn Real Yield.

$380M TVL. $2.4B volume. 0.02% maker fees. Hibachi DEX is the FX exchange built for serious traders.