data as of
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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−$7
spread now+0.251%7d average−0.011%fees + slippage, in and out−$33spread needed0.331%
Long on BackpackShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack HYPE_USDC_PERP93.9840.0100pay 0.0013% / 1h0m 44s$8.0M$8.5M20x
ShortApeX Omni HYPEUSDT94.2200.0100get 0.0013% / 1h0m 44s$425K$948K50x

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
$25.11
Funding while held
$0
Slippage, 4 orders
−$13.06
Fee Backpack: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$7.95
Spread needed to break even
0.331%
Slippage from Backpack: live order book, 5 min ago; ApeX Omni: live order book, 55 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 Backpack live order book, 5 min ago0.05 bp5.2 bp −$58.3 bp −$83128.0 bp −$12.8Kdoesn't fit
Sell ApeX Omni live order book, 55 min ago6.08 bp11.7 bp −$1214.8 bp −$148doesn't fitdoesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni93.890cheapestKuCoin93.928+0.040%Extended93.929+0.041%Bluefin93.936+0.049%Bybit93.940+0.053%Derive93.941+0.054%dYdX93.948+0.061%Arcus93.959+0.073%Aster93.971+0.086%MEXC93.972+0.087%Orderly93.973+0.088%GMX93.973+0.088%Bullet93.974+0.089%Nado93.976+0.091%OKX93.980+0.095%Bitget93.980+0.095%gTrade (Gains Network)93.980+0.095%Gate93.982+0.098%
Backpack93.984+0.100%
BingX93.989+0.105%Aevo93.989+0.105%Phemex93.992+0.108%BloFin93.992+0.108%SoDEX93.994+0.110%Reya94.009+0.126%Binance94.009+0.126%01 Exchange94.009+0.126%Pacifica94.011+0.129%Kraken Futures94.014+0.131%Lighter RH94.019+0.137%Kalshi94.020+0.138%Katana Perps94.020+0.138%Polymarket Perps94.024+0.142%Paradex94.027+0.145%Deribit94.029+0.148%Popdex94.030+0.149%Perpl94.032+0.151%Hyperliquid94.033+0.152%Vest94.045+0.165%Hotstuff94.045+0.165%SunX94.057+0.177%Coinbase International94.060+0.181%Lighter94.061+0.181%RISEx94.077+0.199%Hibachi94.105+0.228%StandX94.113+0.237%Ondo Perps94.130+0.255%HTX94.162+0.289%Aftermath Perps94.174+0.302%
ApeX Omni94.220+0.351%
edgeX94.225+0.357%Phoenix94.285+0.420%Bulk94.380+0.521%Injective94.390+0.532%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni HYPE−0.100%+0.0100%8h$30.8M$50.8M—as long as short
KuCoin HYPEUSDTM−0.060%+0.0100%4h$44.5M$19.8M75xas long as short
Extended HYPE-USD−0.059%+0.0104%1h$18.5M$38.8M50xas long as short
Bluefin HYPE-PERP−0.051%+0.0100%1h$69K$192K20xas long as short
Bybit HYPEUSDT−0.047%+0.0004%8h$326.8M$279.9M75xas long as short
Derive HYPE-PERP−0.045%+0.0100%1h$16.7M$7.1M10xas long as short
dYdX HYPE-USD−0.038%+0.0054%1h$128K$23K5xas long as short
Arcus HYPE-USD−0.027%−0.0018%1h$1.2M$4.1M10xas long as short
Aster HYPEUSDT−0.014%+0.0100%4h$8.9M$32.8M300xas long as short
MEXC HYPE_USDT−0.013%+0.0100%4h$94.6M$83.2M100xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.012%−0.0216%4h$170K$414K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.011%L +0.0345% / S −0.0160%1h$1.5M—100xas long as short
Bullet HYPE-USD−0.011%+0.0100%1h$112K$580K20xas long as short
Nado HYPE-PERP−0.009%+0.0100%1h$5.7M$42.9M10xas long as short
OKX HYPE-USDT-SWAP−0.004%−0.0049%8h$117.7M$301.6M50xas long as short
Bitget HYPEUSDT−0.004%+0.0100%4h$233.3M$92.8M75xas long as short
gTrade (Gains Network) HYPE/USD−0.004%L +0.0002% / S −0.0001%1h$33K—150xas long as short
Gate HYPE_USDT−0.002%+0.0052%4h$44.3M$55.6M75xas long as short
Backpack HYPE_USDC_PERPlong0.000%+0.0100%1h$8.0M$8.5M20x
BingX HYPE-USDT+0.005%−0.0052%4h—$49.6M—as long as short
Aevo HYPE-PERP+0.006%+0.0104%1h$400K$342K20xas long as short
Phemex HYPEUSDT+0.009%+0.0085%8h$12.7M$2.2M50xas long as short
BloFin HYPE-USDT+0.009%+0.0340%4h$17.8M$11.9M75xas long as short
SoDEX HYPE-USD+0.011%+0.0100%1h$2.0M$1.9M10xas long as short
Reya HYPERUSDPERP+0.026%+0.0219%1h$74K$175K15xas long as short
Binance HYPEUSDT+0.026%+0.0100%4h$397.5M$782.5M75xas long as short
01 Exchange HYPEUSD+0.027%+0.0112%1h$84K$292K20xas long as short
Pacifica HYPE+0.029%+0.0100%1h$11.4M$12.0M20xas long as short
Kraken Futures PF_HYPEUSD+0.032%−0.0294%1h$16.8M$20.6M50xas long as short
Lighter RH HYPE+0.037%+0.0096%1h$3.1M$11.4M20xas long as short
Kalshi KXHYPEPERP+0.038%+0.0159%8h$1.7M$4.1M2.3xas long as short
Katana Perps HYPE-USD+0.038%+0.0099%8h$9K$1.6M10xas long as short
Polymarket Perps HYPE-USD+0.043%+0.0100%1h$465K$2.4M20xas long as short
Paradex HYPE-USD-PERP+0.045%+0.0098%8h$337K$288K20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.048%+0.0346%1h$7.3M$4.6M50xas long as short
Popdex HYPEUSDT+0.049%+0.0096%1h$161K$1.1M50xas long as short
Perpl HYPE+0.051%0.0000%43m$33K$348K10xas long as short
Hyperliquid HYPE+0.052%+0.0100%1h$2.05B$561.3M10xas long as short
Vest HYPE-PERP+0.065%+0.0100%1h—$407K5xas long as short
Hotstuff HYPE-PERP+0.065%−0.0080%1h$3K$30725xas long as short
SunX HYPE-USDT+0.078%+0.0100%4h$28K$1.5M20xas long as short
Coinbase International HYPE-PERP-INTX+0.081%+0.0032%1h$5.0M$5.2M50xas long as short
Lighter HYPE+0.081%+0.0096%1h$18.9M$54.2M20xas long as short
RISEx HYPE/USDC+0.099%+0.0120%1h$2.5M$7.2M20xas long as short
Hibachi HYPE/USDT-P+0.128%−0.0664%1h$203K$179K7xas long as short
StandX HYPE-USD+0.137%+0.0100%1h$722K$2.0M20xas long as short
Ondo Perps HYPE-USD.P+0.155%+0.0100%1h$704K$905K10xas long as short
HTX HYPE-USDT+0.189%+0.0301%4h$1.5M$6.5M75xas long as short
Aftermath Perps HYPEUSD+0.203%+0.0115%1h$22K$35K10xas long as short
ApeX Omni HYPEUSDTshort+0.251%+0.0100%1h$425K$948K50x
edgeX HYPEUSDC+0.257%+0.0107%4h$5.2M$26.1M30xas long as short
Phoenix HYPE+0.320%+0.0152%1h$297K$1.0M10xas long as short
Bulk HYPE-USD+0.421%+0.0100%1h$214K$10K10xas long as short
Injective HYPE/USDC PERP+0.432%+0.0375%1h$24K$320K12xas long as short