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−$43
spread now0.000%7d average−0.037%fees + slippage, in and out−$46spread needed0.464%
Long on BluefinShort on Extended
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin HYPE-PERP93.1480.0100pay 0.0013% / 1h59m 22s$73K$195K20x
ShortExtended HYPE-USD93.1480.0104get 0.0013% / 1h59m 22s$18.2M$42.0M50x

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
$0.01
Funding while held
$0.12
Slippage, 4 orders
−$34.4
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$46.26
Spread needed to break even
0.464%
Slippage from Bluefin: live order book, 51 min ago; Extended: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0004%
Per $10,000 a day
+$0.12
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 Bluefin live order book, 51 min ago6.84 bp18.7 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 1 min ago0.05 bp4.9 bp −$57.2 bp −$7227.2 bp −$2,717doesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Arcus93.061cheapestPopdex93.067+0.006%Injective93.080+0.020%01 Exchange93.091+0.032%Perpl93.097+0.039%Ondo Perps93.100+0.042%Nado93.104+0.046%Vest93.106+0.048%Hyperliquid93.115+0.058%Polymarket Perps93.115+0.058%Reya93.117+0.060%RISEx93.118+0.062%KuCoin93.119+0.062%Aster93.140+0.084%OKX93.141+0.086%GMX93.144+0.089%Gate93.145+0.090%
Bluefin93.148+0.093%
Extended93.148+0.094%
Pacifica93.150+0.095%Bybit93.150+0.096%Aevo93.163+0.109%Bitget93.166+0.113%BingX93.170+0.117%Orderly93.171+0.118%Bullet93.173+0.120%gTrade (Gains Network)93.182+0.130%Binance93.183+0.131%MEXC93.184+0.132%Derive93.187+0.135%Lighter RH93.193+0.142%Phemex93.197+0.146%Backpack93.200+0.149%SoDEX93.201+0.150%dYdX93.203+0.153%Paradex93.220+0.171%Lighter93.220+0.171%Hotstuff93.228+0.179%StandX93.240+0.192%Kraken Futures93.244+0.197%Kalshi93.246+0.199%Coinbase International93.250+0.203%ApeX Omni93.263+0.217%Deribit93.267+0.221%SunX93.273+0.228%BloFin93.275+0.230%Variational Omni93.275+0.230%edgeX93.289+0.245%Phoenix93.290+0.246%Aftermath Perps93.327+0.285%Hibachi93.339+0.299%HTX93.450+0.418%Bulk93.560+0.536%

HYPE on 53 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Arcus HYPE-USD−0.093%+0.0100%1h$1.2M$4.2M10xas long as short
Popdex HYPEUSDT−0.087%+0.0096%1h$155K$1.1M50xas long as short
Injective HYPE/USDC PERP−0.073%+0.1001%1h$23K$320K12xas long as short
01 Exchange HYPEUSD−0.061%+0.0032%1h$88K$309K20xas long as short
Perpl HYPE−0.055%+0.0223%43m$31K$342K10xas long as short
Ondo Perps HYPE-USD.P−0.052%+0.0100%1h$699K$972K10xas long as short
Nado HYPE-PERP−0.047%+0.0100%1h$5.6M$42.6M10xas long as short
Vest HYPE-PERP−0.045%+0.0100%1h—$407K5xas long as short
Hyperliquid HYPE−0.035%+0.0100%1h$2.01B$611.9M10xas long as short
Polymarket Perps HYPE-USD−0.035%+0.0100%1h$459K$2.4M20xas long as short
Show all 53 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya HYPERUSDPERP−0.033%+0.0226%1h$73K$166K15xas long as short
RISEx HYPE/USDC−0.032%+0.0620%1h$2.5M$7.3M20xas long as short
KuCoin HYPEUSDTM−0.031%+0.0100%4h$43.7M$20.1M75xas long as short
Aster HYPEUSDT−0.009%+0.0100%4h$8.8M$35.6M300xas long as short
OKX HYPE-USDT-SWAP−0.008%+0.0032%8h$115.4M$313.1M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.004%L +0.0349% / S −0.0167%1h$1.5M—100xas long as short
Gate HYPE_USDT−0.003%+0.0100%4h$44.3M$52.5M75xas long as short
Bluefin HYPE-PERPlong0.000%+0.0100%1h$73K$195K20x
Extended HYPE-USDshort0.000%+0.0104%1h$18.2M$42.0M50x
Pacifica HYPE+0.002%+0.0100%1h$11.3M$12.2M20xas long as short
Bybit HYPEUSDT+0.002%+0.0100%8h$326.0M$284.2M75xas long as short
Aevo HYPE-PERP+0.016%+0.0104%1h$396K$340K20xas long as short
Bitget HYPEUSDT+0.019%+0.0100%4h$227.8M$100.9M75xas long as short
BingX HYPE-USDT+0.024%−0.0012%4h—$52.4M—as long as short
Orderly PERP_HYPE_USDC+0.025%−0.0074%4h$170K$374K20xas long as short
Bullet HYPE-USD+0.027%+0.0100%1h$113K$577K20xas long as short
gTrade (Gains Network) HYPE/USD+0.037%L +0.0002% / S −0.0001%1h$18K—150xas long as short
Binance HYPEUSDT+0.037%+0.0100%4h$395.9M$831.3M75xas long as short
MEXC HYPE_USDT+0.039%+0.0100%4h$96.6M$83.5M100xas long as short
Derive HYPE-PERP+0.042%+0.0100%1h$16.5M$7.2M10xas long as short
Lighter RH HYPE+0.048%+0.0096%1h$3.2M$11.6M20xas long as short
Phemex HYPEUSDT+0.053%+0.0100%8h$12.6M$2.3M50xas long as short
Backpack HYPE_USDC_PERP+0.056%+0.0100%1h$8.4M$9.1M20xas long as short
SoDEX HYPE-USD+0.057%+0.0100%1h$2.0M$1.9M10xas long as short
dYdX HYPE-USD+0.059%+0.0078%1h$127K$26K5xas long as short
Paradex HYPE-USD-PERP+0.077%+0.0131%8h$337K$288K20xas long as short
Lighter HYPE+0.078%+0.0200%1h$18.6M$55.4M20xas long as short
Hotstuff HYPE-PERP+0.086%−0.0080%1h$3K$30725xas long as short
StandX HYPE-USD+0.099%+0.0100%1h$705K$2.1M20xas long as short
Kraken Futures PF_HYPEUSD+0.103%+0.0611%1h$16.4M$21.3M50xas long as short
Kalshi KXHYPEPERP+0.105%+0.0119%8h$1.6M$4.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.110%+0.0096%1h$5.0M$5.3M50xas long as short
ApeX Omni HYPEUSDT+0.123%+0.0100%1h$428K$961K50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.128%+0.0308%1h$7.3M$4.6M50xas long as short
SunX HYPE-USDT+0.134%+0.0100%4h$32K$1.6M20xas long as short
BloFin HYPE-USDT+0.136%+0.0340%4h$17.9M$12.2M75xas long as short
Variational Omni HYPE+0.137%+0.0100%8h$29.6M$50.6M—as long as short
edgeX HYPEUSDC+0.152%+0.0112%4h$5.1M$28.2M30xas long as short
Phoenix HYPE+0.152%+0.0357%1h$295K$1.0M10xas long as short
Aftermath Perps HYPEUSD+0.192%+0.0265%1h$22K$35K10xas long as short
Hibachi HYPE/USDT-P+0.206%+0.0400%1h$206K$192K7xas long as short
HTX HYPE-USDT+0.324%+0.0470%4h$1.5M$6.8M75xas long as short
Bulk HYPE-USD+0.442%+0.0100%1h$212K$10K10xas long as short