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Price arb /

ETH

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$31
spread now−0.145%7d average−0.038%fees + slippage, in and out−$20spread needed0.204%
Long on HyperliquidShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ETH2,7530.0100pay 0.0013% / 1h39m 08s$3.21B$2.15B25x
ShortBybit ETHUSDT2,7490.0100get 0.0100% / 8h5h 39m$2.50B$4.33B150x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$14.46
Funding while held
$0
Slippage, 4 orders
−$0.4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$34.86
Spread needed to break even
0.204%
Slippage from Hyperliquid: live order book, 6 min ago; Bybit: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago0.18 bp4.7 bp −$54.7 bp −$474.7 bp −$4685.7 bp −$2,864
Sell Bybit live order book, 1 min ago0.02 bp5.5 bp −$65.8 bp −$587.2 bp −$7249.4 bp −$4,685

ETH price on every exchange

against the cheapest. Click to use as the short leg.
Binance2,748.2cheapestAevo2,748.3+0.004%Phemex2,748.6+0.014%OKX2,748.6+0.015%MEXC2,748.7+0.018%
Bybit2,749+0.030%
Lighter2,749.2+0.037%HTX2,749.6+0.050%KuCoin2,749.6+0.050%Ondo Perps2,749.8+0.058%Aster2,749.8+0.060%Extended2,749.9+0.060%BloFin2,750+0.065%Nado2,750.1+0.069%Gate2,750.1+0.071%Bullet2,750.1+0.071%Bitget2,750.3+0.075%SunX2,750.3+0.075%BingX2,750.3+0.076%StandX2,750.3+0.077%Hotstuff2,750.4+0.080%Injective2,750.4+0.080%Variational Omni2,750.6+0.086%Arcus2,750.7+0.092%Reya2,750.8+0.093%Kraken Futures2,750.8+0.094%Pacifica2,750.8+0.095%SoDEX2,750.8+0.095%RISEx2,750.8+0.096%Aftermath Perps2,750.8+0.096%Katana Perps2,751+0.102%Phoenix2,751+0.102%Vest2,751+0.102%Lighter RH2,751+0.103%Backpack2,751.1+0.105%Kalshi2,751.1+0.106%Bulk2,751.1+0.106%01 Exchange2,751.2+0.109%GMX2,751.4+0.116%Coinbase International2,751.4+0.117%edgeX2,751.4+0.118%gTrade (Gains Network)2,751.5+0.120%Perpl2,751.5+0.121%Jupiter Perps2,751.6+0.123%dYdX2,751.6+0.123%Bluefin2,751.9+0.135%Deribit2,751.9+0.136%ApeX Omni2,752.1+0.140%Hibachi2,752.2+0.147%Polymarket Perps2,752.4+0.153%Derive2,753+0.174%
Hyperliquid2,753+0.175%
Orderly2,753.2+0.181%Paradex2,754.7+0.237%

ETH on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance ETHUSDT−0.175%+0.0054%8h$6.53B$15.90B150xas long as short
Aevo ETH-PERP−0.171%+0.0056%1h$5.0M$671K20xas long as short
Phemex ETHUSDT−0.161%+0.0020%8h$265.3M$64.8M150xas long as short
OKX ETH-USDT-SWAP−0.160%+0.0014%8h$1.73B$11.02B100xas long as short
MEXC ETH_USDT−0.157%+0.0054%8h$1.57B$2.38B500xas long as short
Bybit ETHUSDTshort−0.145%+0.0100%8h$2.50B$4.33B150x
Lighter ETH−0.138%+0.0096%1h$116.0M$479.9M50xas long as short
HTX ETH-USDT−0.125%+0.0100%8h$1.08B$1.21B200xas long as short
KuCoin ETHUSDTM−0.125%+0.0100%8h$429.4M$680.2M100xas long as short
Ondo Perps ETH-USD.P−0.116%+0.0100%1h$2.9M$14.9M25xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster ETHUSDT−0.115%+0.0095%8h$267.2M$933.9M200xas long as short
Extended ETH-USD−0.114%+0.0096%1h$31.6M$75.1M50xas long as short
BloFin ETH-USDT−0.109%+0.0174%8h$289.8M$175.8M150xas long as short
Nado ETH-PERP−0.106%+0.0100%1h$17.2M$110.9M50xas long as short
Gate ETH_USDT−0.104%+0.0066%8h$3.35B$8.94B200xas long as short
Bullet ETH-USD−0.104%+0.0030%1h$193K$1.8M20xas long as short
Bitget ETHUSDT−0.100%+0.0085%8h$2.11B$2.96B150xas long as short
SunX ETH-USDT−0.100%+0.0100%8h$964K$14.1M100xas long as short
BingX ETH-USDT−0.099%+0.0100%8h—$1.07B—as long as short
StandX ETH-USD−0.098%+0.0100%1h$21.2M$51.4M40xas long as short
Hotstuff ETH-PERP−0.094%−0.0080%1h$5K$2K50xas long as short
Injective ETH/USDC PERP−0.094%−0.0004%1h$118K$22.5M52xas long as short
Variational Omni ETH−0.089%+0.0100%8h$145.8M$308.5M—as long as short
Arcus ETH-USD−0.083%+0.0100%1h$2.7M$16.0M25xas long as short
Reya ETHRUSDPERP−0.082%+0.0205%1h$7.3M$867K25xas long as short
Kraken Futures PF_ETHUSD−0.081%+0.0162%1h$84.9M$321.6M100xas long as short
Pacifica ETH−0.080%+0.0100%1h$31.1M$245.0M50xas long as short
SoDEX ETH-USD−0.080%−0.0005%1h$55.5M$162.2M40xas long as short
RISEx ETH/USDC−0.079%+0.0083%1h$5.9M$12.0M25xas long as short
Aftermath Perps ETHUSD−0.078%+0.0150%1h$29K$19K20xas long as short
Katana Perps ETH-USD−0.073%+0.0100%8h$478K$2.4M50xas long as short
Phoenix ETH−0.073%+0.0073%1h$1.1M$2.5M25xas long as short
Vest ETH-PERP−0.072%+0.0100%1h—$1.0M50xas long as short
Lighter RH ETH−0.072%+0.0096%1h$25.4M$119.5M50xas long as short
Backpack ETH_USDC_PERP−0.070%+0.0100%1h$15.2M$40.2M50xas long as short
Kalshi KXETHPERP−0.069%+0.0136%8h$9.9M$607.1M4.9xas long as short
Bulk ETH-USD−0.069%−0.0002%1h$158.7M$274.3M25xas long as short
01 Exchange ETHUSD−0.065%0.0000%1h$179K$1.2M50xas long as short
GMX ETH/USD [ETH-USDC]−0.059%L −0.0013% / S +0.0045%1h$11.9M—200xas long as short
Coinbase International ETH-PERP-INTX−0.058%+0.0136%1h$59.7M$4.53B50xas long as short
edgeX ETHUSDC−0.057%+0.0100%4h$179.3M$738.4M100xas long as short
gTrade (Gains Network) ETH/USD−0.055%L +0.0006% / S −0.0006%1h$22.3M—200xas long as short
Perpl ETH−0.053%−0.0112%43m$294K$6.3M8.3xas long as short
Jupiter Perps ETH-PERP−0.052%L +0.0096% / S +0.0048%1h—$43.2M500xas long as short
dYdX ETH-USD−0.052%0.0000%1h$13.1M$41.4M50xas long as short
Bluefin ETH-PERP−0.040%+0.0100%1h$21K$25K25xas long as short
Deribit ETH-PERPETUAL−0.039%+0.0034%1h$258.4M$204.0M50xas long as short
ApeX Omni ETHUSDT−0.035%+0.0091%1h$8.2M$28.1M100xas long as short
Hibachi ETH/USDT-P−0.028%+0.0240%1h$273K$1.4M20xas long as short
Polymarket Perps ETH-USD−0.022%+0.0100%1h$11.4M$6.7M50xas long as short
Derive ETH-PERP−0.001%+0.0100%1h$42.4M$29.4M15xas long as short
Hyperliquid ETHlong0.000%+0.0100%1h$3.21B$2.15B25x
Orderly PERP_ETH_USDC+0.006%+0.0132%8h$32.3M$10.8M100xas long as short
Paradex ETH-USD-PERP+0.062%+0.0100%8h$14.5M$10.9M50xas long as short