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−$949
spread now−0.963%7d average+0.005%fees + slippage, in and out−$852spread needed8.523%
Long on BluefinShort on SoDEX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin HYPE-PERP93.9180.6950pay 0.0869% / 1h39m 15s$73K$190K20x
ShortSoDEX HYPE-USD93.0140.0100get 0.0013% / 1h39m 15s$2.0M$1.9M10x

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
−$96.25
Funding while held
−$205.49
Slippage, 4 orders
−$837.33
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$1,154.07
Spread needed to break even
8.523%
Slippage from Bluefin: live order book, 6 min ago; SoDEX: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.6850%
Per $10,000 a day
−$205.49
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, 6 min ago205.85 bp209.4 bp −$209doesn't fitdoesn't fitdoesn't fit
Sell SoDEX live order book, 1 min ago0.22 bp7.2 bp −$713.1 bp −$131100.2 bp −$10.0Kdoesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Injective87.440cheapest
Arcus92.944+6.295%Hibachi92.947+6.298%Bybit92.960+6.313%GMX92.973+6.328%Bitget92.977+6.332%Gate92.978+6.333%Aster92.979+6.335%OKX92.980+6.336%Extended92.981+6.337%KuCoin92.982+6.338%BingX92.995+6.353%Phemex92.996+6.354%gTrade (Gains Network)92.998+6.357%Reya92.999+6.357%Pacifica92.999+6.358%Derive93.002+6.361%BloFin93.002+6.361%Popdex93.006+6.366%Vest93.010+6.370%Nado93.011+6.371%
SoDEX93.014+6.375%
MEXC93.015+6.376%Polymarket Perps93.019+6.380%Binance93.020+6.382%Hyperliquid93.022+6.384%Bulk93.022+6.384%Orderly93.023+6.385%Hotstuff93.024+6.386%Bullet93.025+6.387%Aevo93.026+6.388%Backpack93.032+6.395%01 Exchange93.042+6.407%Perpl93.044+6.409%Kraken Futures93.044+6.409%Lighter RH93.047+6.412%dYdX93.048+6.414%Paradex93.049+6.414%Kalshi93.059+6.426%Ondo Perps93.060+6.427%Katana Perps93.060+6.427%RISEx93.061+6.428%Coinbase International93.070+6.439%Lighter93.072+6.441%Aftermath Perps93.073+6.442%Variational Omni93.074+6.443%Deribit93.083+6.454%SunX93.095+6.467%StandX93.134+6.512%edgeX93.141+6.520%HTX93.191+6.577%ApeX Omni93.274+6.672%Phoenix93.333+6.739%
Bluefin93.918+7.409%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective HYPE/USDC PERP−6.898%+0.0356%1h$22K$256K12xas long as short
Arcus HYPE-USD−1.037%+0.0100%1h$1.2M$4.2M10xas long as short
Hibachi HYPE/USDT-P−1.033%+0.0632%1h$194K$230K7xas long as short
Bybit HYPEUSDT−1.020%+0.0100%8h$325.0M$284.0M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]−1.006%L +0.0352% / S −0.0170%1h$1.5M—100xas long as short
Bitget HYPEUSDT−1.002%+0.0100%4h$228.1M$100.6M75xas long as short
Gate HYPE_USDT−1.001%+0.0100%4h$44.2M$53.6M75xas long as short
Aster HYPEUSDT−1.000%+0.0100%4h$8.8M$35.7M300xas long as short
OKX HYPE-USDT-SWAP−0.999%+0.0066%8h$115.1M$311.0M50xas long as short
Extended HYPE-USD−0.997%+0.0104%1h$18.2M$41.9M50xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin HYPEUSDTM−0.997%+0.0100%4h$44.9M$19.8M75xas long as short
BingX HYPE-USDT−0.983%+0.0040%4h—$52.2M—as long as short
Phemex HYPEUSDT−0.982%+0.0100%8h$12.6M$2.3M50xas long as short
gTrade (Gains Network) HYPE/USD−0.979%L +0.0002% / S −0.0001%1h$18K—150xas long as short
Reya HYPERUSDPERP−0.979%+0.0228%1h$73K$166K15xas long as short
Pacifica HYPE−0.978%+0.0100%1h$11.3M$12.3M20xas long as short
Derive HYPE-PERP−0.976%+0.0100%1h$16.4M$7.2M10xas long as short
BloFin HYPE-USDT−0.975%+0.0340%4h$17.6M$12.4M75xas long as short
Popdex HYPEUSDT−0.971%+0.0096%1h$155K$1.1M50xas long as short
Vest HYPE-PERP−0.967%+0.0100%1h—$407K5xas long as short
Nado HYPE-PERP−0.966%+0.0100%1h$5.6M$42.8M10xas long as short
SoDEX HYPE-USDshort−0.963%+0.0100%1h$2.0M$1.9M10x
MEXC HYPE_USDT−0.961%+0.0100%4h$97.0M$85.3M100xas long as short
Polymarket Perps HYPE-USD−0.957%+0.0100%1h$467K$2.4M20xas long as short
Binance HYPEUSDT−0.956%+0.0100%4h$393.4M$839.5M75xas long as short
Hyperliquid HYPE−0.954%+0.0124%1h$2.00B$611.4M10xas long as short
Bulk HYPE-USD−0.954%+0.0100%1h$211K$10K10xas long as short
Orderly PERP_HYPE_USDC−0.953%−0.0038%4h$170K$381K20xas long as short
Hotstuff HYPE-PERP−0.952%−0.0080%1h$3K$30725xas long as short
Bullet HYPE-USD−0.951%+0.0100%1h$112K$578K20xas long as short
Aevo HYPE-PERP−0.950%+0.0104%1h$396K$340K20xas long as short
Backpack HYPE_USDC_PERP−0.943%+0.0100%1h$8.4M$9.9M20xas long as short
01 Exchange HYPEUSD−0.933%+0.0160%1h$90K$322K20xas long as short
Perpl HYPE−0.931%+0.0112%43m$31K$349K10xas long as short
Kraken Futures PF_HYPEUSD−0.930%+0.0410%1h$16.3M$20.7M50xas long as short
Lighter RH HYPE−0.927%+0.0096%1h$3.2M$11.9M20xas long as short
dYdX HYPE-USD−0.926%+0.0037%1h$127K$26K5xas long as short
Paradex HYPE-USD-PERP−0.926%+0.0130%8h$337K$287K20xas long as short
Kalshi KXHYPEPERP−0.915%+0.0126%8h$1.7M$4.8M2.3xas long as short
Ondo Perps HYPE-USD.P−0.914%+0.0100%1h$698K$973K10xas long as short
Katana Perps HYPE-USD−0.914%+0.0100%8h$35K$1.8M10xas long as short
RISEx HYPE/USDC−0.912%+0.0620%1h$2.5M$7.3M20xas long as short
Coinbase International HYPE-PERP-INTX−0.903%+0.0152%1h$5.0M$5.4M50xas long as short
Lighter HYPE−0.900%+0.0216%1h$18.4M$56.6M20xas long as short
Aftermath Perps HYPEUSD−0.900%+0.0312%1h$22K$35K10xas long as short
Variational Omni HYPE−0.899%+0.0100%8h$29.5M$50.9M—as long as short
Deribit HYPE_USDC-PERPETUAL−0.889%+0.0470%1h$7.4M$4.7M50xas long as short
SunX HYPE-USDT−0.876%+0.0100%4h$32K$1.6M20xas long as short
StandX HYPE-USD−0.835%+0.0100%1h$667K$2.2M20xas long as short
edgeX HYPEUSDC−0.828%+0.0108%4h$5.1M$28.5M30xas long as short
HTX HYPE-USDT−0.774%+0.0725%4h$1.5M$7.0M75xas long as short
ApeX Omni HYPEUSDT−0.686%+0.0100%1h$429K$957K50xas long as short
Phoenix HYPE−0.623%+0.0386%1h$295K$1.0M10xas long as short
Bluefin HYPE-PERPlong0.000%+0.6950%1h$73K$190K20x