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−$8
spread now−0.016%7d average−0.250%fees + slippage, in and out−$32spread needed0.316%
Long on BackpackShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack HYPE_USDC_PERP94.8090.0100pay 0.0013% / 1h0m 13s$8.1M$8.3M20x
ShortGate HYPE_USDT94.794−0.0070pay 0.0035% / 4h2h 00m$45.1M$53.8M75x

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
−$1.58
Funding while held
−$5.1
Slippage, 4 orders
−$6.64
Fee Backpack: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$38.32
Spread needed to break even
0.316%
Slippage from Backpack: live order book, just now; Gate: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0170%
Per $10,000 a day
−$5.10
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, just now0.05 bp5.1 bp −$56.6 bp −$6662.9 bp −$6,287doesn't fit
Sell Gate live order book, 5 min ago0.90 bp10.2 bp −$1015.6 bp −$15628.0 bp −$2,79650.9 bp −$25.5K

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Derive94.748cheapestArcus94.749+0.001%ApeX Omni94.754+0.006%Extended94.763+0.015%Katana Perps94.770+0.023%Bluefin94.775+0.028%OKX94.779+0.032%Phemex94.779+0.032%Bybit94.783+0.037%BingX94.792+0.046%
Gate94.794+0.048%
gTrade (Gains Network)94.795+0.049%GMX94.798+0.053%Orderly94.799+0.054%Ondo Perps94.800+0.055%Perpl94.800+0.055%Aevo94.801+0.055%Binance94.805+0.060%SoDEX94.806+0.061%KuCoin94.808+0.063%
Backpack94.809+0.064%
Hibachi94.809+0.064%Coinbase International94.810+0.065%Aster94.812+0.067%Reya94.813+0.068%Bitget94.813+0.068%Paradex94.814+0.069%Pacifica94.817+0.073%Bullet94.817+0.073%RISEx94.822+0.077%Vest94.822+0.077%Lighter RH94.823+0.079%Nado94.825+0.081%Hotstuff94.825+0.081%Popdex94.825+0.081%Polymarket Perps94.828+0.084%Kraken Futures94.830+0.086%MEXC94.832+0.088%Deribit94.832+0.088%01 Exchange94.838+0.095%BloFin94.838+0.095%Hyperliquid94.853+0.111%Kalshi94.857+0.115%dYdX94.864+0.122%Lighter94.867+0.125%Variational Omni94.879+0.138%Aftermath Perps94.882+0.141%SunX94.899+0.159%edgeX94.923+0.184%StandX94.937+0.199%HTX94.963+0.227%Phoenix95.017+0.284%Bulk95.228+0.506%Injective95.410+0.698%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Derive HYPE-PERP−0.064%+0.0100%1h$16.9M$6.7M10xas long as short
Arcus HYPE-USD−0.063%−0.0261%1h$1.2M$4.2M10xas long as short
ApeX Omni HYPEUSDT−0.058%+0.0100%1h$417K$925K50xas long as short
Extended HYPE-USD−0.049%+0.0104%1h$18.5M$35.5M50xas long as short
Katana Perps HYPE-USD−0.041%+0.0099%8h$16K$1.4M10xas long as short
Bluefin HYPE-PERP−0.036%−0.0015%1h$70K$196K20xas long as short
OKX HYPE-USDT-SWAP−0.032%−0.0118%8h$121.3M$285.3M50xas long as short
Phemex HYPEUSDT−0.032%−0.0044%8h$12.8M$2.1M50xas long as short
Bybit HYPEUSDT−0.027%+0.0045%8h$329.7M$265.3M75xas long as short
BingX HYPE-USDT−0.018%−0.0082%4h—$46.4M—as long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate HYPE_USDTshort−0.016%−0.0070%4h$45.1M$53.8M75x
gTrade (Gains Network) HYPE/USD−0.015%L +0.0002% / S −0.0001%1h$19K—150xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.011%L +0.0352% / S −0.0163%1h$1.6M—100xas long as short
Orderly PERP_HYPE_USDC−0.011%−0.0343%4h$165K$463K20xas long as short
Ondo Perps HYPE-USD.P−0.009%+0.0100%1h$713K$894K10xas long as short
Perpl HYPE−0.009%0.0000%43m$30K$321K10xas long as short
Aevo HYPE-PERP−0.009%+0.0080%1h$403K$347K20xas long as short
Binance HYPEUSDT−0.004%+0.0021%4h$400.8M$729.3M75xas long as short
SoDEX HYPE-USD−0.003%+0.0100%1h$2.0M$1.9M10xas long as short
KuCoin HYPEUSDTM−0.001%+0.0026%4h$45.0M$19.0M75xas long as short
Backpack HYPE_USDC_PERPlong0.000%+0.0100%1h$8.1M$8.3M20x
Hibachi HYPE/USDT-P0.000%−0.0232%1h$204K$170K7xas long as short
Coinbase International HYPE-PERP-INTX+0.001%0.0000%1h$5.0M$5.2M50xas long as short
Aster HYPEUSDT+0.003%−0.0047%4h$8.5M$30.9M300xas long as short
Reya HYPERUSDPERP+0.004%+0.0212%1h$74K$293K15xas long as short
Bitget HYPEUSDT+0.004%+0.0076%4h$234.0M$85.5M75xas long as short
Paradex HYPE-USD-PERP+0.005%+0.0090%8h$339K$286K20xas long as short
Pacifica HYPE+0.008%+0.0100%1h$11.5M$11.6M20xas long as short
Bullet HYPE-USD+0.008%+0.0100%1h$114K$578K20xas long as short
RISEx HYPE/USDC+0.013%+0.0035%1h$2.5M$7.1M20xas long as short
Vest HYPE-PERP+0.013%+0.0002%1h—$407K5xas long as short
Lighter RH HYPE+0.015%+0.0096%1h$2.9M$10.6M20xas long as short
Nado HYPE-PERP+0.017%+0.0100%1h$5.6M$41.5M10xas long as short
Hotstuff HYPE-PERP+0.017%−0.0080%1h$3K$30725xas long as short
Popdex HYPEUSDT+0.017%+0.0096%1h$85K$990K50xas long as short
Polymarket Perps HYPE-USD+0.020%+0.0100%1h$486K$2.4M20xas long as short
Kraken Futures PF_HYPEUSD+0.022%−0.0534%1h$16.6M$18.6M50xas long as short
MEXC HYPE_USDT+0.024%+0.0018%4h$92.4M$79.2M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.024%0.0000%1h$7.3M$3.8M50xas long as short
01 Exchange HYPEUSD+0.031%−0.0008%1h$83K$285K20xas long as short
BloFin HYPE-USDT+0.031%+0.0074%4h$17.9M$11.2M75xas long as short
Hyperliquid HYPE+0.046%+0.0100%1h$2.07B$509.8M10xas long as short
Kalshi KXHYPEPERP+0.051%0.0000%8h$1.6M$3.5M2.3xas long as short
dYdX HYPE-USD+0.058%0.0000%1h$129K$22K5xas long as short
Lighter HYPE+0.061%+0.0096%1h$18.6M$50.3M20xas long as short
Variational Omni HYPE+0.074%+0.0100%8h$29.9M$48.7M—as long as short
Aftermath Perps HYPEUSD+0.077%−0.0049%1h$20K$31K10xas long as short
SunX HYPE-USDT+0.095%+0.0100%4h$29K$1.4M20xas long as short
edgeX HYPEUSDC+0.120%+0.0006%4h$5.1M$24.3M30xas long as short
StandX HYPE-USD+0.135%+0.0100%1h$730K$2.1M20xas long as short
HTX HYPE-USDT+0.162%+0.0144%4h$1.6M$6.0M75xas long as short
Phoenix HYPE+0.219%+0.0050%1h$297K$991K10xas long as short
Bulk HYPE-USD+0.442%+0.0100%1h$216K$10K10xas long as short
Injective HYPE/USDC PERP+0.634%+0.0996%1h$24K$321K12xas long as short