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Farming match-up

Updated 2026-10-12

Hibachi vs Bulk Exchange: Costs & Reward Rules

BULK fee note, checked October 6, 2026: the official docs list Genesis and Phase 2. Confirm the active phase and account tier in the app; a historical zero maker fee is not a current quote. Read the fee schedule ↗

Arbitrum (ZK)

Hibachi

Solana

Bulk Exchange
VS

Hibachi's previously documented Open window has passed and current terms are unverified. Bulk documents a Challenger regular season ending December 5, 2026. Verify costs and access before acting.

As of 2026-10-12, Hibachi vs Bulk Exchange is a decision about reward timing and the cost of qualifying activity. Hibachi's previously documented Open window has passed and current terms are unverified. Bulk documents a Challenger regular season ending December 5, 2026. Verify costs and access before acting. This page compares published fees, leverage, chains, token stage, and program status using the linked Hibachi and Bulk Exchange reviews; verify each venue's current documentation before trading.

Last updated: October 2026 — decision framing and risk checks refreshed; venue facts retain their dated source review.

Before you choose

Check current access before comparing execution

This matchup includes Bulk Exchange, an invite-gated venue. Confirm access, current fees, liquidity, and withdrawals before comparing it with the other venue.

Check current access ↗
Hibachi and Bulk Exchange comparison snapshot
  Hibachi Bulk Exchange
Chain Arbitrum (ZK) Solana
Maker Fee 0% Check active fee phase
Taker Fee 0.045% Check active phase and tier
Max Leverage Not publicly specified up to 20x
Token Current token status unverified —
Airdrop Status Prior Open window passed; current status unverified AURA / Ranked Aura (pre-token)

Trading fit

Choose Hibachi or Bulk Exchange based on the execution, liquidity, and market coverage you actually need — not the largest leverage headline.

Program fit

Hibachi: Prior Open window passed; current status unverified. Bulk Exchange: AURA / Ranked Aura (pre-token). Treat program status as time-sensitive and verify the current rules before paying fees to farm.

Risk fit

Check collateral, custody, liquidation, withdrawal, jurisdiction, and oracle or counterparty assumptions in both full reviews before moving meaningful size.

Hibachi’s previously documented Open window has passed; current rewards terms could not be verified in this check. Bulk documents a Challenger Series regular season ending December 5, 2026, with weekly USDC rewards subject to eligibility and rank. A token conversion is a separate, unconfirmed question.

Program transparency: Hibachi publishes more, but not everything

Previously reviewed Hibachi material described scoring inputs, but the rules page was unavailable during this check and does not establish a current program. Bulk’s official Challenger page states that weekly Trading AURA determines league rank and describes a USDC prize pool funded by net revenue. Verify current terms before trading.

Fees: verify the current tier and execution cost

Bulk’s previously reviewed Phase 2 schedule listed 2.0 bps base maker and 3.5 bps taker at the lowest volume tier; rebates and tiers can change the effective rate. Check each venue’s current fees, spread and execution for your size before comparing total cost.

Access and chain

Hibachi runs on Arbitrum and, per our research, doesn’t require an access code to start trading. Bulk runs on Solana and uses a referral-link and invite-slot route in the current official docs — a tighter initial gate than Hibachi’s.

Which points program should you prioritize in 2026?

  • Consider Hibachi if its trading product fits your needs after checking current fees and reward terms.
  • Consider Bulk if its access, trading terms and Challenger eligibility fit your needs; check the active fee tier and rules.
  • Check the applicable window. Bulk states its regular season ends December 5, 2026; Hibachi’s previously documented Open window has passed. See our farming research.

Before farming either venue, identify the cost of earning the next point: check Hibachi’s current scoring inputs and trading fees, then compare them with Bulk’s access requirements and current fee terms. The Hibachi review and Bulk Exchange review give you the venue checks; only proceed if the underlying execution still makes sense without assuming a token payout.

What could change this verdict?

This comparison is a dated editorial snapshot, not a permanent ranking. Recheck the current fee schedule, market depth, supported markets, access rules, reward mechanics, and withdrawal path before acting. A new token launch, liquidity change, program rule, jurisdiction restriction, security incident, or fee update can change the practical choice even if the matchup headline stays the same.

Start with the full Hibachi review and Bulk Exchange review, then check the live rankings for the latest available market snapshot.

Frequently asked

A current Hibachi TGE date was not verified in this check. Bulk's Challenger regular season ends December 5, 2026; that season date does not establish a token conversion date.

Bulk's official fee docs list a Phase 2 schedule with 2.0 bps base maker and 3.5 bps taker at the lowest volume tier, while Hibachi has a separate taker schedule. Compare the live all-in cost and the activity each program rewards.

Trilly — HittinCorners

DeFi research & guides · Our editorial process · Methodology · @trilllllllllly on X

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