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$0
spread now−0.015%7d average−0.239%fees + slippage, in and out−$22spread needed0.223%
Long on BackpackShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack HYPE_USDC_PERP94.8710.0100pay 0.0013% / 1h58m 37s$8.1M$8.3M20x
ShortBinance HYPEUSDT94.8570.0023get 0.0011% / 4h1h 58m$401.0M$730.1M75x

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
−$1.48
Funding while held
−$2.32
Slippage, 4 orders
−$2.29
Fee Backpack: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$26.08
Spread needed to break even
0.223%
Slippage from Backpack: live order book, 2 min ago; Binance: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0077%
Per $10,000 a day
−$2.32
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, 2 min ago0.05 bp5.1 bp −$56.6 bp −$6662.9 bp −$6,287doesn't fit
Sell Binance live order book, 2 min ago0.05 bp6.5 bp −$68.2 bp −$8214.0 bp −$1,39930.0 bp −$15.0K

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Arcus94.745cheapestExtended94.749+0.004%ApeX Omni94.754+0.009%Gate94.761+0.017%dYdX94.776+0.033%KuCoin94.793+0.051%Hyperliquid94.794+0.052%Hibachi94.802+0.061%SoDEX94.806+0.064%Lighter RH94.815+0.074%Ondo Perps94.820+0.079%Bitget94.820+0.079%Hotstuff94.821+0.080%BingX94.821+0.080%Bybit94.826+0.085%OKX94.827+0.087%Katana Perps94.830+0.090%Paradex94.840+0.100%Pacifica94.841+0.101%Lighter94.847+0.108%Vest94.847+0.108%Aster94.849+0.110%Derive94.855+0.116%
Binance94.857+0.118%
MEXC94.858+0.119%Polymarket Perps94.859+0.120%BloFin94.859+0.120%RISEx94.863+0.124%edgeX94.866+0.127%Perpl94.867+0.129%GMX94.867+0.129%Aftermath Perps94.870+0.132%
Backpack94.871+0.133%
Reya94.872+0.134%Variational Omni94.879+0.141%Bluefin94.880+0.142%Popdex94.881+0.144%gTrade (Gains Network)94.883+0.146%Aevo94.891+0.154%Bullet94.892+0.155%01 Exchange94.903+0.167%Nado94.907+0.172%Phemex94.908+0.172%Coinbase International94.910+0.174%Orderly94.913+0.177%Kraken Futures94.918+0.183%Phoenix94.930+0.195%StandX94.937+0.203%Injective94.940+0.206%Kalshi94.950+0.216%Deribit94.952+0.218%SunX94.974+0.242%HTX95.039+0.310%Bulk95.228+0.510%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Arcus HYPE-USD−0.133%−0.0018%1h$1.2M$4.1M10xas long as short
Extended HYPE-USD−0.129%+0.0104%1h$18.5M$35.5M50xas long as short
ApeX Omni HYPEUSDT−0.123%+0.0100%1h$417K$925K50xas long as short
Gate HYPE_USDT−0.116%−0.0068%4h$45.1M$52.6M75xas long as short
dYdX HYPE-USD−0.100%0.0000%1h$129K$22K5xas long as short
KuCoin HYPEUSDTM−0.082%+0.0026%4h$45.1M$19.1M75xas long as short
Hyperliquid HYPE−0.081%+0.0100%1h$2.07B$510.1M10xas long as short
Hibachi HYPE/USDT-P−0.072%−0.0224%1h$204K$170K7xas long as short
SoDEX HYPE-USD−0.069%+0.0100%1h$2.0M$1.9M10xas long as short
Lighter RH HYPE−0.059%+0.0096%1h$2.9M$10.4M20xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps HYPE-USD.P−0.054%+0.0100%1h$713K$895K10xas long as short
Bitget HYPEUSDT−0.054%+0.0080%4h$234.0M$85.5M75xas long as short
Hotstuff HYPE-PERP−0.053%−0.0080%1h$3K$30725xas long as short
BingX HYPE-USDT−0.053%−0.0118%4h—$46.4M—as long as short
Bybit HYPEUSDT−0.047%+0.0046%8h$329.5M$265.8M75xas long as short
OKX HYPE-USDT-SWAP−0.046%−0.0117%8h$121.3M$285.6M50xas long as short
Katana Perps HYPE-USD−0.043%+0.0099%8h$16K$1.4M10xas long as short
Paradex HYPE-USD-PERP−0.033%+0.0091%8h$339K$286K20xas long as short
Pacifica HYPE−0.031%+0.0100%1h$11.5M$11.7M20xas long as short
Lighter HYPE−0.025%+0.0096%1h$18.6M$48.8M20xas long as short
Vest HYPE-PERP−0.025%+0.0007%1h—$407K5xas long as short
Aster HYPEUSDT−0.023%−0.0047%4h$8.5M$31.0M300xas long as short
Derive HYPE-PERP−0.017%+0.0100%1h$16.9M$6.7M10xas long as short
Binance HYPEUSDTshort−0.015%+0.0023%4h$401.0M$730.1M75x
MEXC HYPE_USDT−0.014%+0.0020%4h$92.5M$78.2M100xas long as short
Polymarket Perps HYPE-USD−0.013%+0.0100%1h$486K$2.4M20xas long as short
BloFin HYPE-USDT−0.013%+0.0082%4h$17.9M$11.3M75xas long as short
RISEx HYPE/USDC−0.009%+0.0120%1h$2.5M$7.1M20xas long as short
edgeX HYPEUSDC−0.006%+0.0022%4h$5.1M$24.4M30xas long as short
Perpl HYPE−0.004%0.0000%43m$30K$320K10xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.004%L +0.0352% / S −0.0163%1h$1.6M—100xas long as short
Aftermath Perps HYPEUSD−0.001%−0.0048%1h$20K$31K10xas long as short
Backpack HYPE_USDC_PERPlong0.000%+0.0100%1h$8.1M$8.3M20x
Reya HYPERUSDPERP+0.001%+0.0212%1h$74K$293K15xas long as short
Variational Omni HYPE+0.008%+0.0100%8h$29.9M$48.7M—as long as short
Bluefin HYPE-PERP+0.009%+0.0100%1h$70K$196K20xas long as short
Popdex HYPEUSDT+0.011%+0.0096%1h$85K$990K50xas long as short
gTrade (Gains Network) HYPE/USD+0.013%L +0.0002% / S −0.0001%1h$19K—150xas long as short
Aevo HYPE-PERP+0.021%+0.0080%1h$404K$347K20xas long as short
Bullet HYPE-USD+0.022%+0.0100%1h$113K$579K20xas long as short
01 Exchange HYPEUSD+0.034%+0.0112%1h$83K$285K20xas long as short
Nado HYPE-PERP+0.038%+0.0100%1h$5.6M$41.5M10xas long as short
Phemex HYPEUSDT+0.039%−0.0044%8h$12.9M$2.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.041%+0.0032%1h$5.0M$5.2M50xas long as short
Orderly PERP_HYPE_USDC+0.044%−0.0341%4h$167K$465K20xas long as short
Kraken Futures PF_HYPEUSD+0.050%−0.0291%1h$16.6M$18.6M50xas long as short
Phoenix HYPE+0.062%+0.0050%1h$297K$989K10xas long as short
StandX HYPE-USD+0.070%+0.0100%1h$730K$2.1M20xas long as short
Injective HYPE/USDC PERP+0.073%+0.0375%1h$24K$259K12xas long as short
Kalshi KXHYPEPERP+0.083%0.0000%8h$1.6M$3.5M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.085%0.0000%1h$7.3M$3.8M50xas long as short
SunX HYPE-USDT+0.109%+0.0100%4h$29K$1.4M20xas long as short
HTX HYPE-USDT+0.177%+0.0142%4h$1.6M$6.0M75xas long as short
Bulk HYPE-USD+0.376%+0.0100%1h$216K$10K10xas long as short