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−$850
spread now−0.074%7d average−0.050%fees + slippage, in and out−$848spread needed8.480%
Long on BulkShort on Bluefin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk HYPE-USD93.3100.0100pay 0.0013% / 1h4m 12s$204K$8K10x
ShortBluefin HYPE-PERP93.2410.2862get 0.0358% / 1h4m 12s$73K$186K20x

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
−$7.39
Funding while held
$82.87
Slippage, 4 orders
−$833.96
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$772.48
Spread needed to break even
8.480%
Slippage from Bulk: live order book, 41 min ago; Bluefin: live order book, 41 min ago.

Cost of waiting

funding view
Funding /8h
+0.2762%
Per $10,000 a day
+$82.87
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 Bulk live order book, 41 min ago0.54 bp4.0 bp −$47.2 bp −$7214.6 bp −$1,45844.4 bp −$22.2K
Sell Bluefin live order book, 41 min ago205.85 bp629.8 bp −$630doesn't fitdoesn't fitdoesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Hibachi93.118cheapestInjective93.190+0.077%
Bluefin93.241+0.132%
BloFin93.254+0.146%Variational Omni93.259+0.151%ApeX Omni93.270+0.163%StandX93.295+0.190%Hotstuff93.309+0.205%
Bulk93.310+0.206%
Aftermath Perps93.323+0.220%Ondo Perps93.330+0.227%Backpack93.356+0.255%Arcus93.372+0.272%dYdX93.379+0.280%Bybit93.380+0.281%Vest93.386+0.288%OKX93.392+0.294%Aster93.393+0.295%Phoenix93.395+0.297%Phemex93.400+0.302%KuCoin93.420+0.324%Gate93.426+0.330%Derive93.426+0.330%Nado93.427+0.331%BingX93.428+0.333%Pacifica93.429+0.334%Binance93.431+0.336%MEXC93.432+0.337%SoDEX93.433+0.338%Popdex93.438+0.343%Katana Perps93.440+0.345%Extended93.440+0.346%Perpl93.444+0.350%Bitget93.445+0.351%Orderly93.445+0.351%Paradex93.452+0.358%GMX93.452+0.359%edgeX93.453+0.359%Aevo93.459+0.365%Lighter RH93.460+0.367%01 Exchange93.464+0.371%Bullet93.468+0.375%Polymarket Perps93.473+0.381%gTrade (Gains Network)93.474+0.382%Lighter93.477+0.385%Reya93.484+0.393%Kraken Futures93.489+0.398%Coinbase International93.490+0.399%Deribit93.506+0.416%RISEx93.508+0.419%Kalshi93.511+0.422%Hyperliquid93.527+0.439%SunX93.528+0.440%HTX93.600+0.517%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.205%−0.0544%1h$196K$232K7xas long as short
Injective HYPE/USDC PERP−0.129%+0.0356%1h$23K$257K12xas long as short
Bluefin HYPE-PERPshort−0.074%+0.2862%1h$73K$186K20x
BloFin HYPE-USDT−0.060%+0.0340%4h$17.4M$11.6M75xas long as short
Variational Omni HYPE−0.055%+0.0100%8h$29.2M$50.3M—as long as short
ApeX Omni HYPEUSDT−0.043%+0.0100%1h$429K$926K50xas long as short
StandX HYPE-USD−0.016%+0.0100%1h$672K$2.3M20xas long as short
Hotstuff HYPE-PERP−0.001%−0.0080%1h$3K$30725xas long as short
Bulk HYPE-USDlong0.000%+0.0100%1h$204K$8K10x
Aftermath Perps HYPEUSD+0.014%+0.0284%1h$22K$34K10xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps HYPE-USD.P+0.021%+0.0100%1h$700K$984K10xas long as short
Backpack HYPE_USDC_PERP+0.049%+0.0100%1h$8.3M$10.4M20xas long as short
Arcus HYPE-USD+0.066%+0.0100%1h$1.2M$4.0M10xas long as short
dYdX HYPE-USD+0.074%+0.0044%1h$127K$26K5xas long as short
Bybit HYPEUSDT+0.075%+0.0100%8h$327.1M$280.8M75xas long as short
Vest HYPE-PERP+0.082%+0.0100%1h—$407K5xas long as short
OKX HYPE-USDT-SWAP+0.088%+0.0100%8h$114.9M$311.6M50xas long as short
Aster HYPEUSDT+0.089%+0.0100%4h$8.9M$35.2M300xas long as short
Phoenix HYPE+0.091%+0.0386%1h$296K$1.0M10xas long as short
Phemex HYPEUSDT+0.096%+0.0100%8h$12.6M$2.4M50xas long as short
KuCoin HYPEUSDTM+0.118%+0.0100%4h$45.3M$19.7M75xas long as short
Gate HYPE_USDT+0.124%+0.0100%4h$44.2M$55.2M75xas long as short
Derive HYPE-PERP+0.124%+0.0100%1h$16.5M$7.2M10xas long as short
Nado HYPE-PERP+0.125%+0.0100%1h$6.2M$43.3M10xas long as short
BingX HYPE-USDT+0.126%+0.0100%4h—$51.5M—as long as short
Pacifica HYPE+0.128%+0.0100%1h$11.4M$12.3M20xas long as short
Binance HYPEUSDT+0.130%+0.0100%4h$392.3M$843.9M75xas long as short
MEXC HYPE_USDT+0.131%+0.0100%4h$89.8M$89.5M100xas long as short
SoDEX HYPE-USD+0.132%+0.0100%1h$2.0M$2.0M10xas long as short
Popdex HYPEUSDT+0.137%+0.0096%1h$135K$1.1M50xas long as short
Katana Perps HYPE-USD+0.139%+0.0100%8h$41K$1.8M10xas long as short
Extended HYPE-USD+0.140%+0.0104%1h$18.1M$41.8M50xas long as short
Perpl HYPE+0.144%+0.0112%43m$31K$342K10xas long as short
Bitget HYPEUSDT+0.145%+0.0100%4h$230.0M$100.2M75xas long as short
Orderly PERP_HYPE_USDC+0.145%+0.0032%4h$170K$355K20xas long as short
Paradex HYPE-USD-PERP+0.152%+0.0118%8h$338K$287K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]+0.152%L +0.0360% / S −0.0181%1h$1.5M—100xas long as short
edgeX HYPEUSDC+0.153%+0.0113%4h$5.1M$28.9M30xas long as short
Aevo HYPE-PERP+0.159%+0.0104%1h$398K$340K20xas long as short
Lighter RH HYPE+0.161%+0.0096%1h$3.1M$12.3M20xas long as short
01 Exchange HYPEUSD+0.165%+0.0160%1h$91K$317K20xas long as short
Bullet HYPE-USD+0.169%+0.0100%1h$113K$563K20xas long as short
Polymarket Perps HYPE-USD+0.175%+0.0100%1h$459K$2.4M20xas long as short
gTrade (Gains Network) HYPE/USD+0.175%L +0.0002% / S −0.0001%1h$55K—150xas long as short
Lighter HYPE+0.179%+0.0144%1h$18.4M$58.3M20xas long as short
Reya HYPERUSDPERP+0.186%+0.0232%1h$73K$149K15xas long as short
Kraken Futures PF_HYPEUSD+0.191%+0.0408%1h$16.3M$20.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.193%+0.0152%1h$5.0M$5.3M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.210%+0.0114%1h$7.4M$4.3M50xas long as short
RISEx HYPE/USDC+0.213%+0.0620%1h$2.6M$7.0M20xas long as short
Kalshi KXHYPEPERP+0.215%+0.0119%8h$1.7M$4.8M2.3xas long as short
Hyperliquid HYPE+0.232%+0.0424%1h$2.03B$614.3M10xas long as short
SunX HYPE-USDT+0.234%+0.0100%4h$32K$1.6M20xas long as short
HTX HYPE-USDT+0.311%+0.0916%4h$1.5M$7.1M75xas long as short