data as of
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Price arb /

HYPE

all HYPE markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.465%
7d average−0.018%if it closes, per $10,000$46funding while held, a day+$0.00
Long on BingXShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT93.1730.0100pay 0.0050% / 4h3h 28m—$52.9M—
ShortVariational Omni HYPE92.7400.0100get 0.0100% / 8h7h 28m$28.8M$51.1M—

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
−$46.46
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$56.46
Spread needed to break even
0.100%
Slippage unknown: BingX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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 BingX live order book, 2 min ago0.22 bp5.2 bp −$55.9 bp −$5911.0 bp −$1,10516.1 bp −$8,046
Sell Variational Omni RFQ quote, 2 min ago0.44 bpdoesn't fit3.6 bp −$3622.2 bp −$2,219doesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni92.740cheapest
Bulk92.844+0.112%edgeX92.856+0.125%ApeX Omni92.901+0.173%Aftermath Perps92.916+0.190%Arcus93.018+0.300%Katana Perps93.020+0.302%Hibachi93.025+0.307%Nado93.037+0.320%StandX93.046+0.330%Vest93.064+0.349%Derive93.097+0.384%Phemex93.099+0.387%dYdX93.102+0.390%GMX93.105+0.393%Hotstuff93.106+0.395%KuCoin93.108+0.397%Pacifica93.108+0.397%Polymarket Perps93.109+0.398%Popdex93.111+0.400%Bluefin93.111+0.400%Reya93.115+0.404%Perpl93.115+0.404%gTrade (Gains Network)93.117+0.407%Aevo93.118+0.408%SoDEX93.122+0.412%Paradex93.122+0.412%Bullet93.126+0.416%Ondo Perps93.130+0.420%Extended93.131+0.422%Aster93.136+0.427%Orderly93.142+0.433%BloFin93.143+0.434%RISEx93.146+0.438%Kalshi93.148+0.440%Phoenix93.148+0.440%Coinbase International93.150+0.442%MEXC93.153+0.445%Backpack93.155+0.447%01 Exchange93.158+0.451%Bybit93.163+0.456%Kraken Futures93.167+0.461%
BingX93.173+0.467%
Gate93.183+0.478%OKX93.185+0.480%SunX93.186+0.481%Bitget93.205+0.501%Deribit93.207+0.503%Binance93.223+0.520%Hyperliquid93.233+0.531%Lighter RH93.248+0.548%Lighter93.278+0.580%HTX93.307+0.611%Injective93.380+0.690%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni HYPEshort−0.465%+0.0100%8h$28.8M$51.1M—
Bulk HYPE-USD−0.353%+0.0100%1h$210K$10K10xas long as short
edgeX HYPEUSDC−0.340%+0.0104%4h$5.1M$28.8M30xas long as short
ApeX Omni HYPEUSDT−0.292%+0.0100%1h$427K$933K50xas long as short
Aftermath Perps HYPEUSD−0.275%+0.0293%1h$22K$34K10xas long as short
Arcus HYPE-USD−0.166%+0.0100%1h$1.2M$4.2M10xas long as short
Katana Perps HYPE-USD−0.164%+0.0100%8h$41K$1.8M10xas long as short
Hibachi HYPE/USDT-P−0.159%+0.0336%1h$194K$231K7xas long as short
Nado HYPE-PERP−0.147%+0.0100%1h$5.5M$43.0M10xas long as short
StandX HYPE-USD−0.136%+0.0100%1h$670K$2.2M20xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Vest HYPE-PERP−0.117%+0.0100%1h—$407K5xas long as short
Derive HYPE-PERP−0.082%+0.0100%1h$16.4M$7.2M10xas long as short
Phemex HYPEUSDT−0.079%+0.0100%8h$12.6M$2.3M50xas long as short
dYdX HYPE-USD−0.076%+0.0040%1h$127K$26K5xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.073%L +0.0353% / S −0.0174%1h$1.5M—100xas long as short
Hotstuff HYPE-PERP−0.072%−0.0080%1h$3K$30725xas long as short
KuCoin HYPEUSDTM−0.070%+0.0100%4h$44.9M$19.9M75xas long as short
Pacifica HYPE−0.070%+0.0100%1h$11.3M$12.4M20xas long as short
Polymarket Perps HYPE-USD−0.069%+0.0100%1h$460K$2.4M20xas long as short
Popdex HYPEUSDT−0.067%+0.0096%1h$134K$1.2M50xas long as short
Bluefin HYPE-PERP−0.067%+0.4827%1h$73K$188K20xas long as short
Reya HYPERUSDPERP−0.062%+0.0229%1h$73K$161K15xas long as short
Perpl HYPE−0.062%+0.0112%43m$31K$350K10xas long as short
gTrade (Gains Network) HYPE/USD−0.060%L +0.0002% / S −0.0001%1h$55K—150xas long as short
Aevo HYPE-PERP−0.059%+0.0104%1h$396K$340K20xas long as short
SoDEX HYPE-USD−0.055%+0.0100%1h$2.0M$2.0M10xas long as short
Paradex HYPE-USD-PERP−0.055%+0.0125%8h$337K$288K20xas long as short
Bullet HYPE-USD−0.051%+0.0100%1h$112K$579K20xas long as short
Ondo Perps HYPE-USD.P−0.046%+0.0100%1h$697K$989K10xas long as short
Extended HYPE-USD−0.045%+0.0104%1h$18.2M$42.0M50xas long as short
Aster HYPEUSDT−0.040%+0.0100%4h$8.9M$35.5M300xas long as short
Orderly PERP_HYPE_USDC−0.033%−0.0014%4h$170K$381K20xas long as short
BloFin HYPE-USDT−0.032%+0.0340%4h$17.4M$12.2M75xas long as short
RISEx HYPE/USDC−0.029%+0.0620%1h$2.5M$7.3M20xas long as short
Kalshi KXHYPEPERP−0.027%+0.0122%8h$1.7M$4.8M2.3xas long as short
Phoenix HYPE−0.027%+0.0386%1h$294K$1.0M10xas long as short
Coinbase International HYPE-PERP-INTX−0.025%+0.0152%1h$4.9M$5.5M50xas long as short
MEXC HYPE_USDT−0.021%+0.0100%4h$90.7M$87.7M100xas long as short
Backpack HYPE_USDC_PERP−0.019%+0.0100%1h$8.4M$9.9M20xas long as short
01 Exchange HYPEUSD−0.016%+0.0160%1h$91K$321K20xas long as short
Bybit HYPEUSDT−0.011%+0.0100%8h$325.4M$286.0M75xas long as short
Kraken Futures PF_HYPEUSD−0.006%+0.0409%1h$16.3M$20.8M50xas long as short
BingX HYPE-USDTlong0.000%+0.0100%4h—$52.9M—
Gate HYPE_USDT+0.011%+0.0100%4h$44.1M$54.4M75xas long as short
OKX HYPE-USDT-SWAP+0.013%+0.0077%8h$114.3M$314.5M50xas long as short
SunX HYPE-USDT+0.014%+0.0100%4h$32K$1.6M20xas long as short
Bitget HYPEUSDT+0.034%+0.0100%4h$228.4M$101.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.036%+0.0319%1h$7.4M$4.7M50xas long as short
Binance HYPEUSDT+0.053%+0.0100%4h$392.6M$850.6M75xas long as short
Hyperliquid HYPE+0.064%+0.0134%1h$2.01B$624.9M10xas long as short
Lighter RH HYPE+0.080%+0.0096%1h$3.2M$12.1M20xas long as short
Lighter HYPE+0.112%+0.0176%1h$18.4M$57.4M20xas long as short
HTX HYPE-USDT+0.144%+0.0766%4h$1.5M$7.0M75xas long as short
Injective HYPE/USDC PERP+0.222%+0.0356%1h$23K$256K12xas long as short