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−$30
spread now+0.039%7d average+0.021%fees + slippage, in and out−$32spread needed0.316%
Long on BluefinShort on Lighter RH
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin HYPE-PERP92.9760.0100pay 0.0013% / 1h0m 25s$75K$177K20x
ShortLighter RH HYPE93.0120.0096get 0.0012% / 1h0m 25s$3.1M$12.6M20x

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
$3.87
Funding while held
−$0.12
Slippage, 4 orders
−$24.56
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$27.81
Spread needed to break even
0.316%
Slippage from Bluefin: live order book, 35 min ago; Lighter RH: live order book, 5 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, 35 min ago2.53 bp13.7 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 5 min ago1.40 bp1.5 bp −$12.6 bp −$2620.8 bp −$2,075doesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Hibachi92.912cheapestOndo Perps92.930+0.019%Bybit92.944+0.034%Variational Omni92.947+0.038%Arcus92.948+0.039%Katana Perps92.950+0.041%Aevo92.950+0.041%Gate92.953+0.044%BingX92.955+0.046%OKX92.962+0.054%Aster92.963+0.055%Extended92.965+0.057%KuCoin92.969+0.061%Aftermath Perps92.970+0.062%Vest92.972+0.064%SoDEX92.974+0.067%GMX92.975+0.067%
Bluefin92.976+0.069%
Pacifica92.977+0.070%ApeX Omni92.977+0.070%Nado92.977+0.070%Derive92.980+0.074%StandX92.983+0.076%Bitget92.985+0.078%Bullet92.986+0.080%Popdex92.989+0.083%MEXC92.990+0.084%Phemex92.990+0.084%BloFin92.990+0.084%Perpl92.990+0.084%Binance92.990+0.084%Reya92.990+0.084%Bulk92.996+0.090%Hotstuff93.001+0.096%gTrade (Gains Network)93.005+0.100%Polymarket Perps93.008+0.103%Orderly93.009+0.104%01 Exchange93.011+0.106%
Lighter RH93.012+0.108%
dYdX93.014+0.110%SunX93.019+0.115%Backpack93.020+0.116%Paradex93.028+0.124%Lighter93.031+0.128%Kraken Futures93.032+0.130%Hyperliquid93.034+0.131%Phoenix93.046+0.144%RISEx93.048+0.146%Coinbase International93.050+0.148%edgeX93.053+0.152%Kalshi93.068+0.168%Deribit93.080+0.181%HTX93.162+0.269%Injective93.200+0.310%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.069%−0.0888%1h$194K$239K7xas long as short
Ondo Perps HYPE-USD.P−0.049%+0.0100%1h$698K$1.0M10xas long as short
Bybit HYPEUSDT−0.034%+0.0100%8h$325.7M$291.5M75xas long as short
Variational Omni HYPE−0.031%+0.0100%8h$28.6M$49.5M—as long as short
Arcus HYPE-USD−0.030%−0.0121%1h$1.2M$4.1M10xas long as short
Katana Perps HYPE-USD−0.028%+0.0100%8h$13K$1.9M10xas long as short
Aevo HYPE-PERP−0.028%+0.0104%1h$395K$321K20xas long as short
Gate HYPE_USDT−0.025%+0.0100%4h$43.8M$57.4M75xas long as short
BingX HYPE-USDT−0.023%+0.0100%4h—$56.4M—as long as short
OKX HYPE-USDT-SWAP−0.015%+0.0100%8h$114.0M$318.3M50xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster HYPEUSDT−0.014%+0.0053%4h$9.0M$36.4M300xas long as short
Extended HYPE-USD−0.012%+0.0104%1h$18.0M$40.9M50xas long as short
KuCoin HYPEUSDTM−0.008%+0.0100%4h$46.3M$20.2M75xas long as short
Aftermath Perps HYPEUSD−0.007%+0.0043%1h$22K$28K10xas long as short
Vest HYPE-PERP−0.005%+0.0100%1h—$407K5xas long as short
SoDEX HYPE-USD−0.002%+0.0100%1h$2.0M$2.0M10xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.002%L +0.0339% / S −0.0164%1h$1.4M—100xas long as short
Bluefin HYPE-PERPlong0.000%+0.0100%1h$75K$177K20x
Pacifica HYPE+0.001%+0.0100%1h$10.0M$14.5M20xas long as short
ApeX Omni HYPEUSDT+0.001%+0.0100%1h$427K$906K50xas long as short
Nado HYPE-PERP+0.001%+0.0100%1h$6.4M$43.8M10xas long as short
Derive HYPE-PERP+0.005%+0.0100%1h$16.3M$7.1M10xas long as short
StandX HYPE-USD+0.008%+0.0100%1h$673K$2.3M20xas long as short
Bitget HYPEUSDT+0.010%+0.0100%4h$226.0M$105.0M75xas long as short
Bullet HYPE-USD+0.011%+0.0100%1h$112K$567K20xas long as short
Popdex HYPEUSDT+0.014%+0.0096%1h$53K$1.3M50xas long as short
MEXC HYPE_USDT+0.015%+0.0100%4h$91.7M$83.7M100xas long as short
Phemex HYPEUSDT+0.015%+0.0100%8h$12.6M$2.4M50xas long as short
BloFin HYPE-USDT+0.015%+0.0340%4h$17.4M$12.3M75xas long as short
Perpl HYPE+0.015%0.0000%43m$26K$393K10xas long as short
Binance HYPEUSDT+0.015%+0.0100%4h$387.1M$872.8M75xas long as short
Reya HYPERUSDPERP+0.015%+0.0240%1h$76K$157K15xas long as short
Bulk HYPE-USD+0.021%+0.0100%1h$203K$11K10xas long as short
Hotstuff HYPE-PERP+0.027%−0.0080%1h$3K$30725xas long as short
gTrade (Gains Network) HYPE/USD+0.031%L +0.0002% / S −0.0005%1h$43K—150xas long as short
Polymarket Perps HYPE-USD+0.034%+0.0100%1h$465K$2.6M20xas long as short
Orderly PERP_HYPE_USDC+0.035%+0.0100%4h$191K$503K20xas long as short
01 Exchange HYPEUSD+0.038%+0.0112%1h$89K$324K20xas long as short
Lighter RH HYPEshort+0.039%+0.0096%1h$3.1M$12.6M20x
dYdX HYPE-USD+0.041%+0.0014%1h$127K$28K5xas long as short
SunX HYPE-USDT+0.046%+0.0100%4h$32K$1.6M20xas long as short
Backpack HYPE_USDC_PERP+0.047%+0.0100%1h$7.9M$11.6M20xas long as short
Paradex HYPE-USD-PERP+0.055%+0.0105%8h$340K$288K20xas long as short
Lighter HYPE+0.059%+0.0096%1h$18.6M$59.0M20xas long as short
Kraken Futures PF_HYPEUSD+0.061%+0.0085%1h$16.1M$21.1M50xas long as short
Hyperliquid HYPE+0.062%+0.0569%1h$2.01B$670.6M10xas long as short
Phoenix HYPE+0.075%+0.0338%1h$220K$977K10xas long as short
RISEx HYPE/USDC+0.077%+0.0569%1h$2.6M$6.4M20xas long as short
Coinbase International HYPE-PERP-INTX+0.080%+0.0200%1h$4.9M$5.7M50xas long as short
edgeX HYPEUSDC+0.083%+0.0111%4h$5.1M$28.9M30xas long as short
Kalshi KXHYPEPERP+0.099%0.0000%8h$2.0M$5.5M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.112%+0.0481%1h$7.4M$4.7M50xas long as short
HTX HYPE-USDT+0.200%+0.0501%4h$1.5M$7.4M75xas long as short
Injective HYPE/USDC PERP+0.241%+0.1593%1h$30K$177K12xas long as short