After costs, if the gap returns to its 7d average, $10k−$11
spread now+0.085%7d average−0.020%fees + slippage, in and out−$21spread needed0.214%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet HYPE-USD | 93.210 | 0.0100 | pay 0.0013% / 1h | 56m 46s | $113K | $577K | 20x |
| Short | edgeX HYPEUSDC | 93.289 | 0.0112 | get 0.0056% / 4h | 3h 56m | $5.1M | $28.2M | 30x |
Bullet HYPE-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $8.55
- Funding while held
- $0.35
- Slippage, 4 orders
- −$4.44
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$12.55
- Spread needed to break even
- 0.214%
Slippage from Bullet: live order book, 54 min ago; edgeX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0012%
- Per $10,000 a day
- +$0.35
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bullet live order book, 54 min ago | 0.11 bp | 5.6 bp −$6 | 11.8 bp −$118 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 0.43 bp | 4.9 bp −$5 | 5.1 bp −$51 | doesn't fit | doesn't fit |
HYPE price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni93.080cheapestKatana Perps93.130+0.054%Derive93.139+0.064%Arcus93.150+0.075%Bluefin93.166+0.092%StandX93.169+0.096%SoDEX93.170+0.097%GMX93.174+0.101%BloFin93.174+0.101%Vest93.174+0.102%Orderly93.178+0.105%gTrade (Gains Network)93.191+0.119%Phemex93.196+0.125%Reya93.197+0.125%Bybit93.200+0.129%Aevo93.201+0.130%Bitget93.206+0.135%Kraken Futures93.206+0.136%
ApeX Omni
Katana Perps
Derive
Arcus
Bluefin
StandX
SoDEX
GMX
BloFin
Vest
Orderly
gTrade (Gains Network)
Phemex
Reya
Bybit
Aevo
Bitget
Kraken FuturesBullet93.210+0.139%
Popdex93.211+0.141%Backpack93.212+0.142%Polymarket Perps93.213+0.143%01 Exchange93.215+0.145%Hotstuff93.216+0.146%Ondo Perps93.220+0.150%Lighter RH93.222+0.153%Gate93.223+0.154%Deribit93.228+0.159%Perpl93.228+0.159%Pacifica93.229+0.160%Hibachi93.229+0.160%OKX93.230+0.161%Nado93.232+0.164%Aster93.234+0.165%Lighter93.235+0.167%MEXC93.239+0.171%dYdX93.241+0.173%BingX93.244+0.176%Binance93.244+0.177%KuCoin93.246+0.178%Extended93.252+0.184%Hyperliquid93.253+0.186%Kalshi93.255+0.188%SunX93.255+0.188%RISEx93.266+0.200%Variational Omni93.275+0.210%Aftermath Perps93.277+0.212%Coinbase International93.280+0.215%Paradex93.280+0.215%Phoenix93.290+0.226%Injective93.300+0.236%HTX93.387+0.330%Bulk93.560+0.516%
Popdex
Backpack
Polymarket Perps
Hotstuff
Ondo Perps
Lighter RH
Gate
Deribit
Perpl
Pacifica
Hibachi
OKX
Nado
Aster
Lighter
MEXC
dYdX
BingX
Binance
KuCoin
Extended
Hyperliquid
SunX
RISEx
Variational Omni
Coinbase International
Paradex
Phoenix
Injective
HTX
BulkHYPE on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni HYPEUSDT | −0.139% | +0.0100% | 1h | $428K | $961K | 50x | as long as short |
| Katana Perps HYPE-USD | −0.085% | +0.0100% | 8h | $39K | $1.8M | 10x | as long as short |
| Derive HYPE-PERP | −0.075% | +0.0100% | 1h | $16.4M | $7.2M | 10x | as long as short |
| Arcus HYPE-USD | −0.064% | +0.0100% | 1h | $1.2M | $4.2M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.047% | +0.0100% | 1h | $73K | $195K | 20x | as long as short |
| StandX HYPE-USD | −0.044% | +0.0100% | 1h | $705K | $2.1M | 20x | as long as short |
| SoDEX HYPE-USD | −0.042% | +0.0100% | 1h | $2.0M | $1.9M | 10x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | −0.038% | L +0.0349% / S −0.0167% | 1h | $1.5M | — | 100x | as long as short |
| BloFin HYPE-USDT | −0.038% | +0.0340% | 4h | $17.6M | $12.2M | 75x | as long as short |
| Vest HYPE-PERP | −0.038% | +0.0100% | 1h | — | $407K | 5x | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.034% | −0.0069% | 4h | $170K | $374K | 20x | as long as short |
| gTrade (Gains Network) HYPE/USD | −0.020% | L +0.0002% / S −0.0001% | 1h | $18K | — | 150x | as long as short |
| Phemex HYPEUSDT | −0.015% | +0.0100% | 8h | $12.6M | $2.3M | 50x | as long as short |
| Reya HYPERUSDPERP | −0.014% | +0.0226% | 1h | $73K | $166K | 15x | as long as short |
| Bybit HYPEUSDT | −0.010% | +0.0100% | 8h | $325.9M | $284.6M | 75x | as long as short |
| Aevo HYPE-PERP | −0.010% | +0.0104% | 1h | $396K | $340K | 20x | as long as short |
| Bitget HYPEUSDT | −0.004% | +0.0100% | 4h | $228.2M | $101.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | −0.004% | +0.0409% | 1h | $16.4M | $20.8M | 50x | as long as short |
| Bullet HYPE-USDlong | 0.000% | +0.0100% | 1h | $113K | $577K | 20x | |
| Popdex HYPEUSDT | +0.002% | +0.0096% | 1h | $155K | $1.1M | 50x | as long as short |
| Backpack HYPE_USDC_PERP | +0.003% | +0.0100% | 1h | $8.4M | $9.2M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.004% | +0.0100% | 1h | $456K | $2.4M | 20x | as long as short |
| 01 Exchange HYPEUSD | +0.006% | +0.0144% | 1h | $89K | $314K | 20x | as long as short |
| Hotstuff HYPE-PERP | +0.007% | −0.0080% | 1h | $3K | $307 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | +0.011% | +0.0100% | 1h | $699K | $974K | 10x | as long as short |
| Lighter RH HYPE | +0.013% | +0.0096% | 1h | $3.2M | $11.7M | 20x | as long as short |
| Gate HYPE_USDT | +0.014% | +0.0100% | 4h | $44.3M | $52.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.020% | +0.0297% | 1h | $7.3M | $4.6M | 50x | as long as short |
| Perpl HYPE | +0.020% | +0.0223% | 43m | $31K | $345K | 10x | as long as short |
| Pacifica HYPE | +0.021% | +0.0100% | 1h | $11.3M | $12.2M | 20x | as long as short |
| Hibachi HYPE/USDT-P | +0.021% | +0.0496% | 1h | $206K | $192K | 7x | as long as short |
| OKX HYPE-USDT-SWAP | +0.022% | +0.0035% | 8h | $115.6M | $313.4M | 50x | as long as short |
| Nado HYPE-PERP | +0.025% | +0.0100% | 1h | $5.6M | $42.6M | 10x | as long as short |
| Aster HYPEUSDT | +0.026% | +0.0100% | 4h | $8.8M | $35.6M | 300x | as long as short |
| Lighter HYPE | +0.028% | +0.0280% | 1h | $18.6M | $55.5M | 20x | as long as short |
| MEXC HYPE_USDT | +0.032% | +0.0100% | 4h | $96.9M | $83.6M | 100x | as long as short |
| dYdX HYPE-USD | +0.034% | 0.0000% | 1h | $127K | $26K | 5x | as long as short |
| BingX HYPE-USDT | +0.037% | +0.0022% | 4h | — | $52.2M | — | as long as short |
| Binance HYPEUSDT | +0.037% | +0.0100% | 4h | $396.2M | $832.1M | 75x | as long as short |
| KuCoin HYPEUSDTM | +0.039% | +0.0100% | 4h | $43.8M | $20.1M | 75x | as long as short |
| Extended HYPE-USD | +0.045% | +0.0104% | 1h | $18.2M | $42.0M | 50x | as long as short |
| Hyperliquid HYPE | +0.047% | +0.0175% | 1h | $2.01B | $612.5M | 10x | as long as short |
| Kalshi KXHYPEPERP | +0.049% | +0.0116% | 8h | $1.6M | $4.5M | 2.3x | as long as short |
| SunX HYPE-USDT | +0.049% | +0.0100% | 4h | $32K | $1.6M | 20x | as long as short |
| RISEx HYPE/USDC | +0.061% | +0.0620% | 1h | $2.5M | $7.3M | 20x | as long as short |
| Variational Omni HYPE | +0.071% | +0.0100% | 8h | $29.6M | $50.6M | — | as long as short |
| Aftermath Perps HYPEUSD | +0.072% | +0.0255% | 1h | $22K | $36K | 10x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.076% | +0.0152% | 1h | $5.0M | $5.3M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.076% | +0.0131% | 8h | $338K | $288K | 20x | as long as short |
| edgeX HYPEUSDCshort | +0.085% | +0.0112% | 4h | $5.1M | $28.2M | 30x | |
| Phoenix HYPE | +0.086% | +0.0386% | 1h | $295K | $1.0M | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.097% | +0.0356% | 1h | $23K | $256K | 12x | as long as short |
| HTX HYPE-USDT | +0.190% | +0.0748% | 4h | $1.5M | $6.9M | 75x | as long as short |
| Bulk HYPE-USD | +0.376% | +0.0100% | 1h | $212K | $10K | 10x | as long as short |