Entry cost

Cost to open and close $10k of HYPE, by exchange.

AssetTypeSize41 of 54 venues priced · CSV

Exchange	Half-spread	Buy	Sell	Taker fee	Round trip	In $	Measured up to	Max lev	Median 24h	Median 7d	p10–p90 7d
Lighter HYPE · live order book, 5 min agocheapest	0.47 bp	1.0 bp	0.6 bp	0.00 bp	1.6 bp	−$2	$10.1M	20x	1.7 bp	1.5 bp	0.7–3.2 bp
Lighter RH HYPE · live order book, 5 min ago	1.54 bp	1.6 bp	2.4 bp	0.00 bp	4.0 bp	−$4	$1.6M	20x	3.8 bp	3.8 bp	1.9–5.9 bp
MEXC HYPE_USDT · live order book, 5 min ago	0.05 bp	2.4 bp	2.4 bp	2.00 bp	4.9 bp	−$5	$13.6M	100x	0.1 bp	0.1 bp	0.1–0.4 bp
Extended HYPE-USD · live order book, 5 min ago	0.05 bp	3.5 bp	2.6 bp	2.50 bp	6.1 bp	−$6	$2.4M	50x	0.1 bp	0.1 bp	0.1–3.3 bp
Nado HYPE-PERP · live order book, 5 min ago	0.05 bp	4.0 bp	3.7 bp	3.50 bp	7.7 bp	−$8	$1.0M	10x	0.4 bp	0.4 bp	0.1–1.4 bp
Popdex HYPEUSDT · live order book, just now	0.64 bp	4.0 bp	3.9 bp	3.20 bp	7.8 bp	−$8	$2.6M	50x	1.3 bp	0.7 bp	0.3–3.7 bp
Paradex HYPE-USD-PERP · live order book, 45 min ago	2.06 bp	4.1 bp	4.1 bp	2.00 bp	8.1 bp	−$8	$181K	20x	2.7 bp	2.8 bp	2.6–17.7 bp
Pacifica HYPE · live order book, 5 min ago	0.05 bp	4.7 bp	4.3 bp	4.00 bp	9.0 bp	−$9	$12K	20x	1.0 bp	1.0 bp	0.3–2.3 bp
Bulk HYPE-USD · live order book, 45 min ago	1.06 bp	4.6 bp	5.0 bp	3.50 bp	9.6 bp	−$10	$10.6M	10x	1.7 bp	1.6 bp	1.1–3.2 bp
edgeX HYPEUSDC · live order book, 5 min ago	0.32 bp	4.9 bp	4.8 bp	4.50 bp	9.7 bp	−$10	$1.5M	30x	0.6 bp	0.6 bp	0.5–0.8 bp
Polymarket Perps HYPE-USD · live order book, 5 min ago	1.01 bp	5.0 bp	5.1 bp	4.00 bp	10.1 bp	−$10	$1.3M	20x	1.1 bp	1.2 bp	0.3–2.4 bp
Aster HYPEUSDT · live order book, 5 min ago	0.05 bp	4.9 bp	5.3 bp	4.00 bp	10.1 bp	−$10	$3.8M	300x	1.3 bp	1.3 bp	0.3–2.8 bp
Backpack HYPE_USDC_PERP · live order book, just now	0.05 bp	5.2 bp	5.1 bp	5.00 bp	10.3 bp	−$10	$1.3M	20x	0.1 bp	0.1 bp	0.1–3.0 bp
StandX HYPE-USD · live order book, 5 min ago	1.38 bp	5.4 bp	5.4 bp	4.00 bp	10.8 bp	−$11	$2.0M	20x	2.6 bp	2.6 bp	2.4–7.0 bp
Binance HYPEUSDT · live order book, 5 min ago	0.05 bp	5.2 bp	5.6 bp	5.00 bp	10.8 bp	−$11	$4.5M	75x	1.0 bp	1.0 bp	0.1–2.3 bp
BingX HYPE-USDT · live order book, 5 min ago	0.11 bp	6.0 bp	5.1 bp	5.00 bp	11.1 bp	−$11	$39.2M	—	0.8 bp	0.9 bp	0.3–2.1 bp
Hyperliquid HYPE · live order book, 5 min ago	0.59 bp	5.1 bp	6.1 bp	4.50 bp	11.2 bp	−$11	$192K	10x	0.5 bp	0.5 bp	0.1–3.1 bp
Arcus HYPE-USD · live order book, 5 min ago	2.08 bp	5.6 bp	5.7 bp	2.25 bp	11.2 bp	−$11	$1.1M	10x	5.8 bp	5.6 bp	3.7–7.5 bp
Phoenix HYPE · live order book, 4 min ago	1.27 bp	5.8 bp	5.8 bp	3.50 bp	11.6 bp	−$12	$987K	10x	4.6 bp	4.2 bp	3.9–5.4 bp
OKX HYPE-USDT-SWAP · live order book, 5 min ago	0.05 bp	6.9 bp	5.1 bp	5.00 bp	11.9 bp	−$12	$2.0M	50x	1.5 bp	1.6 bp	0.2–3.6 bp
Bybit HYPEUSDT · live order book, 5 min ago	0.53 bp	6.4 bp	6.2 bp	5.50 bp	12.6 bp	−$13	$8.5M	75x	1.6 bp	1.3 bp	1.1–3.4 bp
RISEx HYPE/USDC · live order book, 5 min ago	2.87 bp	7.1 bp	5.9 bp	3.00 bp	13.0 bp	−$13	$479K	20x	2.4 bp	2.4 bp	1.0–4.1 bp
BloFin HYPE-USDT · live order book, 5 min ago	0.11 bp	6.3 bp	7.0 bp	6.00 bp	13.3 bp	−$13	$2.4M	75x	1.5 bp	1.3 bp	0.2–3.7 bp
Bullet HYPE-USD · live order book, 45 min ago	1.11 bp	6.6 bp	6.9 bp	4.00 bp	13.6 bp	−$14	$150K	20x	5.7 bp	5.2 bp	3.3–9.1 bp
SoDEX HYPE-USD · live order book, 5 min ago	0.05 bp	7.3 bp	7.0 bp	4.00 bp	14.3 bp	−$14	$999K	10x	6.0 bp	6.0 bp	5.1–6.9 bp
Kraken Futures PF_HYPEUSD · live order book, 5 min ago	1.12 bp	9.5 bp	6.2 bp	5.00 bp	15.7 bp	−$16	$6.7M	50x	8.6 bp	8.9 bp	5.6–11.9 bp
Bitget HYPEUSDT · live order book, 5 min ago	0.05 bp	9.5 bp	6.3 bp	6.00 bp	15.8 bp	−$16	$429K	75x	5.5 bp	5.7 bp	3.3–8.3 bp
Deribit HYPE_USDC-PERPETUAL · live order book, just now	1.70 bp	9.0 bp	7.8 bp	3.50 bp	16.8 bp	−$17	$327K	50x	9.0 bp	9.1 bp	4.7–11.8 bp
Coinbase International HYPE-PERP-INTX · live order book, 5 min ago	3.72 bp	9.4 bp	8.7 bp	5.00 bp	18.2 bp	−$18	$1.7M	50x	8.7 bp	8.8 bp	6.9–11.4 bp
Kalshi KXHYPEPERP · live order book, 5 min ago	2.82 bp	10.6 bp	9.3 bp	5.00 bp	19.9 bp	−$20	$2.1M	2.3x	10.7 bp	10.8 bp	7.5–13.1 bp
Gate HYPE_USDT · live order book, 5 min ago	0.05 bp	10.8 bp	11.3 bp	7.50 bp	22.1 bp	−$22	$8.5M	75x	6.2 bp	6.1 bp	3.5–8.5 bp
HTX HYPE-USDT · live order book, 5 min ago	1.91 bp	10.4 bp	11.7 bp	6.00 bp	22.1 bp	−$22	$2.0M	75x	9.2 bp	8.6 bp	5.2–11.9 bp
ApeX Omni HYPEUSDT · live order book, 45 min ago	6.08 bp	11.1 bp	11.7 bp	5.00 bp	22.8 bp	−$23	$511K	50x	8.0 bp	7.7 bp	5.5–11.1 bp
KuCoin HYPEUSDTM · live order book, 5 min ago	0.75 bp	9.6 bp	13.4 bp	6.00 bp	23.0 bp	−$23	$565K	75x	8.8 bp	8.8 bp	5.2–11.5 bp
Aevo HYPE-PERP · live order book, 45 min ago	5.20 bp	17.6 bp	17.1 bp	8.00 bp	34.8 bp	−$35	$2.5M	20x	12.1 bp	11.7 bp	8.3–28.0 bp
Bluefin HYPE-PERP · live order book, 45 min ago	7.88 bp	18.2 bp	17.1 bp	3.50 bp	35.3 bp	−$35	$47K	20x	23.6 bp	23.0 bp	18.4–30.6 bp
Phemex HYPEUSDT · live order book, 5 min ago	4.04 bp	18.3 bp	20.7 bp	6.00 bp	39.0 bp	−$39	$31K	50x	27.7 bp	27.7 bp	19.0–35.9 bp
Hibachi HYPE/USDT-P · live order book, 40 min ago	10.18 bp	32.4 bp	25.4 bp	4.50 bp	57.9 bp	−$58	$349K	7x	48.6 bp	48.6 bp	38.0–60.2 bp
SunX HYPE-USDT · live order book, 11 min ago	18.94 bp	24.7 bp	33.9 bp	5.00 bp	58.6 bp	−$59	$54K	20x	49.6 bp	49.7 bp	48.1–51.6 bp
dYdX HYPE-USD · live order book, 45 min ago	25.47 bp	30.5 bp	30.5 bp	5.00 bp	60.9 bp	−$61	$169.3M	5x	51.0 bp	51.0 bp	50.0–98.8 bp
01 Exchange HYPEUSD · live order book, 45 min ago	0.90 bp	30.3 bp	48.7 bp	3.50 bp	79.0 bp	−$79	$59K	20x	6.5 bp	5.8 bp	4.2–12.0 bp
Variational Omni HYPE	0.45 bp	the book does not hold this size
Derive HYPE-PERP	—	no order-book sample in the last 90 minutes
GMX HYPE/USD [WBTC.b-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
Ondo Perps HYPE-USD.P	—	no order-book sample in the last 90 minutes
Orderly PERP_HYPE_USDC	—	no order-book sample in the last 90 minutes
Reya HYPERUSDPERP	—	no public order book; price impact follows the exchange's formula
Perpl HYPE	—	no order-book sample in the last 90 minutes
gTrade (Gains Network) HYPE/USD	—	no public order book; price impact follows the exchange's formula
Injective HYPE/USDC PERP	24.81 bp	the book does not hold this size (about $6.2k a side)
Aftermath Perps HYPEUSD	—	below $100k OI and volume: not sampled
Katana Perps HYPE-USD	—	no order-book sample in the last 90 minutes
Hotstuff HYPE-PERP	—	below $100k OI and volume: not sampled
Vest HYPE-PERP	—	no order-book sample in the last 90 minutes

Slippage is the average fill price of a market order walking the book against the mid; the half-spread is part of it. Fees are each exchange's base taker tier. Exchanges that fill at an oracle price (GMX, Avantis, Jupiter) charge price impact by formula and are not modeled. RFQ exchanges (Variational) quote only $1k, $100k and $1M.