Hibachi Referral Code: 10% Point Bonus

Code 123 adds a 10% bonus to the points that a new Hibachi account earns from trading. The bonus attaches when you sign up through the referral link.

How the 123 code adds to your points

Hibachi gives points for trading activity. With code 123, every 100 points that your trades earn become 110 points. The bonus applies to all points from trading, and the terms set no cap on it.

To get the bonus, open the referral link before you create the account. The link carries code 123, so you do not need to type it. The terms say that points may convert to future token rewards. The terms do not name a token, a conversion rate or a date. Treat the points as a possible reward and not as a known value.

What you pay on each trade with the points bonus

The code does not lower the trading fee. The Hibachi fee page lists a maker fee of 0.000% and a taker fee of 0.045%. A maker order adds liquidity to the order book. A taker order removes liquidity from the book. On a $10,000 taker fill, the fee is $4.50. On a $10,000 maker fill, the fee is $0.

Funding is paid every hour. A position that stays open for a day can pay or receive funding many times. The venue samples the premium every 5 seconds over a trailing one-hour window.

Eligibility and risks

Deposits and withdrawals work only on Base and Arbitrum. Your exit path for collateral is a withdrawal to one of those two chains. Hibachi uses zero-knowledge proofs, and its docs say that collateral moves on-chain only after a proof validates the movement. PerpFinder did not examine the proof system or its code.

Hexens and Quantstamp audited Hibachi, according to its audits page. An audit checks code at one point in time. Faults can remain.

The official API lists 15 live contracts. BTC and EUR allow up to 30x leverage. Most other contracts allow 20x or less. At 30x, a price move of about 3.3% against a position can remove its initial margin. The list includes currency contracts such as EUR, GBP and JPY, and metal contracts for gold and silver.