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+$2
spread now−0.032%7d average−0.231%fees + slippage, in and out−$18spread needed0.179%
Long on BackpackShort on Nado
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack HYPE_USDC_PERP95.3120.0100pay 0.0013% / 1h39m 04s$8.2M$8.0M20x
ShortNado HYPE-PERP95.2810.0100get 0.0012% / 1h39m 04s$5.3M$40.0M10x

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
−$3.2
Funding while held
$0
Slippage, 4 orders
−$0.95
Fee Backpack: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$21.15
Spread needed to break even
0.179%
Slippage from Backpack: live order book, 2 min ago; Nado: live order book, 2 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, 2 min ago0.05 bp5.1 bp −$56.9 bp −$6972.3 bp −$7,229doesn't fit
Sell Nado live order book, 2 min ago0.05 bp3.6 bp −$45.5 bp −$5528.4 bp −$2,836doesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
edgeX95.085cheapestInjective95.100+0.015%Variational Omni95.106+0.021%Derive95.168+0.086%dYdX95.190+0.110%Bluefin95.202+0.123%StandX95.213+0.134%Orderly95.219+0.140%Ondo Perps95.220+0.141%ApeX Omni95.220+0.141%SoDEX95.221+0.143%Arcus95.225+0.147%BloFin95.237+0.159%KuCoin95.244+0.167%Hibachi95.256+0.179%Katana Perps95.260+0.184%Kraken Futures95.265+0.189%Aevo95.266+0.190%Aftermath Perps95.267+0.191%Vest95.267+0.191%Phemex95.268+0.192%GMX95.273+0.197%Bullet95.274+0.199%Deribit95.278+0.202%Reya95.279+0.204%Coinbase International95.280+0.205%
Nado95.281+0.206%
Extended95.287+0.212%gTrade (Gains Network)95.288+0.214%OKX95.289+0.214%Phoenix95.289+0.214%Lighter RH95.290+0.215%BingX95.290+0.215%SunX95.292+0.217%Perpl95.292+0.217%Bybit95.295+0.220%Popdex95.295+0.220%Hotstuff95.296+0.221%Gate95.302+0.228%Pacifica95.305+0.231%Bitget95.306+0.232%RISEx95.307+0.233%Lighter95.307+0.233%Kalshi95.308+0.234%
Backpack95.312+0.238%
Paradex95.312+0.238%01 Exchange95.313+0.239%Bulk95.315+0.241%Polymarket Perps95.315+0.241%Aster95.316+0.242%Binance95.327+0.254%MEXC95.340+0.268%Hyperliquid95.341+0.269%HTX95.481+0.416%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX HYPEUSDC−0.238%−0.0039%4h$5.1M$22.9M30xas long as short
Injective HYPE/USDC PERP−0.222%+0.0996%1h$24K$321K12xas long as short
Variational Omni HYPE−0.217%+0.0100%8h$29.2M$47.5M—as long as short
Derive HYPE-PERP−0.151%−0.0090%1h$17.1M$6.5M10xas long as short
dYdX HYPE-USD−0.128%0.0000%1h$130K$20K5xas long as short
Bluefin HYPE-PERP−0.115%−0.0158%1h$70K$199K20xas long as short
StandX HYPE-USD−0.104%+0.0100%1h$695K$2.1M20xas long as short
Orderly PERP_HYPE_USDC−0.098%−0.0392%4h$156K$429K20xas long as short
Ondo Perps HYPE-USD.P−0.097%−0.0245%1h$693K$819K10xas long as short
ApeX Omni HYPEUSDT−0.097%−0.0039%1h$419K$916K50xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SoDEX HYPE-USD−0.095%+0.0100%1h$2.0M$1.9M10xas long as short
Arcus HYPE-USD−0.091%−0.0261%1h$1.2M$4.0M10xas long as short
BloFin HYPE-USDT−0.079%+0.0192%4h$18.0M$10.5M75xas long as short
KuCoin HYPEUSDTM−0.071%−0.0050%4h$46.3M$18.4M75xas long as short
Hibachi HYPE/USDT-P−0.059%−0.0816%1h$209K$155K7xas long as short
Katana Perps HYPE-USD−0.055%+0.0100%8h$12K$1.4M10xas long as short
Kraken Futures PF_HYPEUSD−0.049%−0.0532%1h$16.7M$17.8M50xas long as short
Aevo HYPE-PERP−0.048%+0.0072%1h$405K$339K20xas long as short
Aftermath Perps HYPEUSD−0.047%−0.0295%1h$20K$31K10xas long as short
Vest HYPE-PERP−0.047%−0.0142%1h—$407K5xas long as short
Phemex HYPEUSDT−0.046%−0.0073%8h$12.9M$2.0M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.041%L +0.0331% / S −0.0146%1h$1.5M—100xas long as short
Bullet HYPE-USD−0.040%+0.0089%1h$190K$530K20xas long as short
Deribit HYPE_USDC-PERPETUAL−0.036%0.0000%1h$7.3M$3.8M50xas long as short
Reya HYPERUSDPERP−0.035%+0.0207%1h$79K$332K15xas long as short
Coinbase International HYPE-PERP-INTX−0.034%0.0000%1h$5.0M$5.1M50xas long as short
Nado HYPE-PERPshort−0.032%+0.0100%1h$5.3M$40.0M10x
Extended HYPE-USD−0.027%+0.0104%1h$18.1M$32.7M50xas long as short
gTrade (Gains Network) HYPE/USD−0.025%L +0.0002% / S −0.0001%1h$17K—150xas long as short
OKX HYPE-USDT-SWAP−0.024%−0.0136%8h$122.6M$275.1M50xas long as short
Phoenix HYPE−0.024%+0.0050%1h$255K$991K10xas long as short
Lighter RH HYPE−0.023%+0.0096%1h$2.7M$9.8M20xas long as short
BingX HYPE-USDT−0.023%−0.0136%4h—$42.9M—as long as short
SunX HYPE-USDT−0.021%+0.0100%4h$29K$1.3M20xas long as short
Perpl HYPE−0.021%0.0000%43m$31K$326K10xas long as short
Bybit HYPEUSDT−0.018%+0.0052%8h$330.5M$253.1M75xas long as short
Popdex HYPEUSDT−0.018%+0.0096%1h$80K$987K50xas long as short
Hotstuff HYPE-PERP−0.017%−0.0080%1h$3K$30725xas long as short
Gate HYPE_USDT−0.010%−0.0200%4h$45.4M$52.2M75xas long as short
Pacifica HYPE−0.007%+0.0100%1h$11.6M$11.3M20xas long as short
Bitget HYPEUSDT−0.006%+0.0006%4h$234.4M$82.8M75xas long as short
RISEx HYPE/USDC−0.005%+0.0035%1h$2.4M$7.0M20xas long as short
Lighter HYPE−0.005%+0.0096%1h$18.6M$46.1M20xas long as short
Kalshi KXHYPEPERP−0.004%0.0000%8h$1.6M$3.4M2.3xas long as short
Backpack HYPE_USDC_PERPlong0.000%+0.0100%1h$8.2M$8.0M20x
Paradex HYPE-USD-PERP0.000%+0.0082%8h$342K$281K20xas long as short
01 Exchange HYPEUSD+0.001%−0.0112%1h$84K$225K20xas long as short
Bulk HYPE-USD+0.003%+0.0100%1h$216K$10K10xas long as short
Polymarket Perps HYPE-USD+0.003%+0.0100%1h$491K$2.1M20xas long as short
Aster HYPEUSDT+0.004%−0.0101%4h$8.7M$28.4M300xas long as short
Binance HYPEUSDT+0.016%−0.0048%4h$403.0M$691.4M75xas long as short
MEXC HYPE_USDT+0.029%−0.0048%4h$90.5M$74.1M100xas long as short
Hyperliquid HYPE+0.030%+0.0100%1h$2.09B$479.2M10xas long as short
HTX HYPE-USDT+0.177%+0.0137%4h$1.6M$5.9M75xas long as short