Hibachi DEX profile
Editorial record: February 16, 2026
Type
order-book
Swap Fee
0.04%
Trading Pairs
25+
Source status
Check provider
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
Editorial desk producing public-source crypto product research. Pages identify their evidence and limitations; hands-on testing is claimed only when dated evidence is shown.
Last Updated: February 16, 2026
Our MethodologyOverview
Hibachi is a perpetual futures exchange that operates on Ethereum and Arbitrum. The product uses an order-matching engine and offers advanced orders, charting tools, and a points program. Execution quality depends on available liquidity and market conditions. Leveraged positions can be liquidated.
Hibachi
Public sourcesProfile summary
Perps DEX on Arbitrum with advanced order matching
Fees & Costs
| Swap Fee | 0.04% |
| Protocol Fee | 0.02% |
| Gas Estimate | ~$0.10 on Arbitrum |
Security & Audits
| Audits | CertiK |
| Open Source | ✗ No |
| Bug Bounty | ✗ No |
Features
Supported Chains
| Limit Orders | ✓ Yes |
| Perpetuals | ✓ Yes |
| Cross-Chain | ✗ No |
| Lending | ✗ No |
| Farming | ✗ No |
| Staking | ✗ No |
Pros & Cons of Hibachi
Pros of Hibachi
- ✓Advanced matching engine
- ✓Tight spreads on major pairs
- ✓Professional trading tools
- ✓Active points program
- ✓ZK-encrypted positions protect against front-running
Cons of Hibachi
- ✗Limited chain support
- ✗Smaller community
- ✗No lending or farming features
Hibachi uses an advanced order matching engine that prioritizes price-time priority to ensure fair execution. The engine aggregates liquidity from multiple sources, including its own order book and external market makers, to deliver tight spreads on major pairs. Orders are matched off-chain for speed and settled on-chain for security. The system supports multiple order types including market, limit, stop-loss, and take-profit orders, giving traders full control over their execution strategy.
Hibachi describes a points program for trading and liquidity provision. Point multipliers, referral terms, and any token distribution can change. Check the current program rules before taking part.
Hibachi charges a 0.04% swap fee and a 0.02% protocol fee on trades. When trading on Arbitrum, gas fees are approximately $0.10 per transaction. The platform offers competitive pricing compared to similar perps DEXes. Using a referral link provides 20% extra points on qualifying activities.
Hibachi has been audited by CertiK, covering its core protocol smart contracts. The platform uses an off-chain matching engine for speed with on-chain settlement for security. However, it does not currently have a bug bounty program or open-source code, which limits external security review. The platform is still relatively new, so users should start with small positions.
Hibachi currently operates on Arbitrum, an Ethereum Layer 2 network that provides low gas fees and fast transaction confirmations. Arbitrum settles transactions on Ethereum mainnet, giving users Ethereum-level security guarantees. The platform may expand to additional chains in the future based on demand and liquidity availability.
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Hibachi offer details
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When to skip Hibachi
Skip Hibachi if you cannot verify its contracts, network costs, and asset liquidity before you trade.
Sources & References
Market Data
Security
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
