data as of
Settings8H · net · $10k
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Price arb /

HYPE

all HYPE markets
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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+$61
spread now+0.931%7d average+0.113%fees + slippage, in and out−$21spread needed0.209%
Long on AsterShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT94.117−0.0060get 0.0030% / 4h1h 52m$8.5M$31.4M300x
ShortPhoenix HYPE94.9930.0152get 0.0019% / 1h52m 07s$297K$1.0M10x

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
$93.08
Funding while held
$6.37
Slippage, 4 orders
−$5.94
Fee Aster: 4 bp × 2 orders
−$8
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$78.5
Spread needed to break even
0.209%
Slippage from Aster: live order book, 3 min ago; Phoenix: live order book, 68 min ago.

Cost of waiting

funding view
Funding /8h
+0.0212%
Per $10,000 a day
+$6.37
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 Aster live order book, 3 min ago0.42 bp4.5 bp −$45.2 bp −$5210.8 bp −$1,078doesn't fit
Sell Phoenix live order book, 68 min ago1.36 bp6.0 bp −$611.1 bp −$111123.4 bp −$12.3Kdoesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Bybit94.090cheapestArcus94.098+0.009%BingX94.098+0.009%OKX94.101+0.012%Bitget94.103+0.014%Gate94.105+0.016%Paradex94.111+0.022%
Aster94.117+0.029%
Ondo Perps94.120+0.032%Backpack94.120+0.032%Binance94.125+0.037%Hyperliquid94.128+0.040%Derive94.138+0.051%MEXC94.138+0.051%Katana Perps94.140+0.053%Nado94.141+0.054%KuCoin94.141+0.054%Popdex94.145+0.058%Lighter RH94.151+0.065%Vest94.153+0.067%Perpl94.155+0.070%dYdX94.161+0.075%Polymarket Perps94.162+0.077%GMX94.162+0.077%BloFin94.163+0.078%Reya94.166+0.080%01 Exchange94.166+0.081%RISEx94.168+0.082%Bluefin94.170+0.085%Aevo94.171+0.086%Pacifica94.176+0.091%Bullet94.184+0.100%Extended94.189+0.105%Phemex94.194+0.111%Lighter94.194+0.111%gTrade (Gains Network)94.198+0.115%SoDEX94.201+0.118%Orderly94.202+0.119%Hotstuff94.207+0.124%Kraken Futures94.224+0.143%Coinbase International94.230+0.149%Deribit94.244+0.164%Kalshi94.263+0.184%SunX94.266+0.187%HTX94.335+0.260%Hibachi94.478+0.413%StandX94.562+0.502%Aftermath Perps94.591+0.532%ApeX Omni94.619+0.562%edgeX94.634+0.578%Injective94.740+0.691%Variational Omni94.858+0.816%Bulk94.884+0.844%
Phoenix94.993+0.960%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit HYPEUSDT−0.029%+0.0044%8h$327.0M$268.4M75xas long as short
Arcus HYPE-USD−0.020%−0.0018%1h$1.2M$4.2M10xas long as short
BingX HYPE-USDT−0.020%−0.0118%4h—$47.4M—as long as short
OKX HYPE-USDT-SWAP−0.017%−0.0113%8h$119.9M$287.0M50xas long as short
Bitget HYPEUSDT−0.015%+0.0092%4h$232.0M$87.8M75xas long as short
Gate HYPE_USDT−0.013%−0.0074%4h$44.7M$53.3M75xas long as short
Paradex HYPE-USD-PERP−0.007%+0.0092%8h$337K$287K20xas long as short
Aster HYPEUSDTlong0.000%−0.0060%4h$8.5M$31.4M300x
Ondo Perps HYPE-USD.P+0.003%+0.0100%1h$711K$892K10xas long as short
Backpack HYPE_USDC_PERP+0.003%+0.0100%1h$8.1M$8.4M20xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance HYPEUSDT+0.009%+0.0023%4h$398.2M$741.9M75xas long as short
Hyperliquid HYPE+0.012%+0.0100%1h$2.06B$514.7M10xas long as short
Derive HYPE-PERP+0.022%+0.0076%1h$16.8M$6.9M10xas long as short
MEXC HYPE_USDT+0.022%+0.0022%4h$91.2M$79.0M100xas long as short
Katana Perps HYPE-USD+0.024%+0.0099%8h$20K$1.5M10xas long as short
Nado HYPE-PERP+0.025%+0.0100%1h$5.5M$41.7M10xas long as short
KuCoin HYPEUSDTM+0.026%+0.0034%4h$44.9M$19.1M75xas long as short
Popdex HYPEUSDT+0.030%+0.0096%1h$76K$1.0M50xas long as short
Lighter RH HYPE+0.036%+0.0096%1h$3.0M$10.6M20xas long as short
Vest HYPE-PERP+0.038%+0.0044%1h—$407K5xas long as short
Perpl HYPE+0.041%0.0000%43m$31K$333K10xas long as short
dYdX HYPE-USD+0.046%0.0000%1h$128K$23K5xas long as short
Polymarket Perps HYPE-USD+0.048%+0.0100%1h$482K$2.3M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]+0.048%L +0.0346% / S −0.0159%1h$1.5M—100xas long as short
BloFin HYPE-USDT+0.049%+0.0093%4h$17.8M$11.5M75xas long as short
Reya HYPERUSDPERP+0.052%+0.0213%1h$74K$233K15xas long as short
01 Exchange HYPEUSD+0.052%+0.0056%1h$82K$284K20xas long as short
RISEx HYPE/USDC+0.054%+0.0120%1h$2.4M$7.0M20xas long as short
Bluefin HYPE-PERP+0.056%+0.0100%1h$69K$196K20xas long as short
Aevo HYPE-PERP+0.057%+0.0088%1h$401K$343K20xas long as short
Pacifica HYPE+0.063%+0.0100%1h$11.4M$11.7M20xas long as short
Bullet HYPE-USD+0.071%+0.0100%1h$112K$579K20xas long as short
Extended HYPE-USD+0.076%+0.0104%1h$18.5M$35.8M50xas long as short
Phemex HYPEUSDT+0.082%−0.0007%8h$12.8M$2.2M50xas long as short
Lighter HYPE+0.082%+0.0096%1h$18.7M$49.6M20xas long as short
gTrade (Gains Network) HYPE/USD+0.086%L +0.0002% / S −0.0001%1h$33K—150xas long as short
SoDEX HYPE-USD+0.089%+0.0100%1h$2.0M$1.9M10xas long as short
Orderly PERP_HYPE_USDC+0.090%−0.0330%4h$166K$464K20xas long as short
Hotstuff HYPE-PERP+0.096%−0.0080%1h$3K$30725xas long as short
Kraken Futures PF_HYPEUSD+0.114%−0.0293%1h$16.5M$18.9M50xas long as short
Coinbase International HYPE-PERP-INTX+0.120%+0.0032%1h$5.0M$5.2M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.135%+0.0079%1h$7.3M$3.8M50xas long as short
Kalshi KXHYPEPERP+0.155%0.0000%8h$1.6M$3.8M2.3xas long as short
SunX HYPE-USDT+0.158%+0.0100%4h$28K$1.4M20xas long as short
HTX HYPE-USDT+0.232%+0.0134%4h$1.5M$6.3M75xas long as short
Hibachi HYPE/USDT-P+0.384%−0.0184%1h$203K$172K7xas long as short
StandX HYPE-USD+0.473%+0.0100%1h$725K$2.1M20xas long as short
Aftermath Perps HYPEUSD+0.503%−0.0016%1h$22K$34K10xas long as short
ApeX Omni HYPEUSDT+0.533%+0.0020%1h$417K$926K50xas long as short
edgeX HYPEUSDC+0.550%+0.0038%4h$5.1M$24.5M30xas long as short
Injective HYPE/USDC PERP+0.662%+0.0375%1h$24K$259K12xas long as short
Variational Omni HYPE+0.787%+0.0100%8h$29.9M$48.8M—as long as short
Bulk HYPE-USD+0.815%+0.0100%1h$215K$10K10xas long as short
Phoenix HYPEshort+0.931%+0.0152%1h$297K$1.0M10x