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−$6
spread now+0.080%7d average+0.010%fees + slippage, in and out−$13spread needed0.126%
Long on BulletShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD95.3730.0100pay 0.0013% / 1h33m 06s$191K$530K20x
ShortLighter HYPE95.4500.0096get 0.0012% / 1h33m 06s$18.6M$46.2M20x

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
$7.99
Funding while held
−$0.12
Slippage, 4 orders
−$4.64
Fee Bullet: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$4.77
Spread needed to break even
0.126%
Slippage from Bullet: live order book, 27 min ago; Lighter: live order book, 7 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 Bullet live order book, 27 min ago0.05 bp5.6 bp −$612.2 bp −$122doesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago0.25 bp0.3 bp $03.4 bp −$3412.4 bp −$1,24541.9 bp −$20.9K

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Injective95.150cheapestApeX Omni95.216+0.069%edgeX95.228+0.082%Hibachi95.239+0.093%Derive95.255+0.110%Extended95.298+0.156%Orderly95.314+0.172%Bluefin95.315+0.173%StandX95.331+0.190%Aftermath Perps95.334+0.193%Aevo95.335+0.194%BloFin95.343+0.203%Variational Omni95.345+0.205%Katana Perps95.350+0.210%Reya95.354+0.215%Nado95.360+0.221%GMX95.361+0.222%Arcus95.363+0.224%Vest95.369+0.230%
Bullet95.373+0.235%
Deribit95.376+0.238%Ondo Perps95.380+0.242%gTrade (Gains Network)95.382+0.244%Bulk95.386+0.248%Aster95.395+0.257%Popdex95.398+0.261%Coinbase International95.400+0.263%Phemex95.400+0.263%Perpl95.402+0.265%RISEx95.418+0.282%SoDEX95.424+0.288%dYdX95.429+0.293%Paradex95.431+0.296%KuCoin95.432+0.296%Polymarket Perps95.433+0.297%01 Exchange95.436+0.301%Phoenix95.437+0.302%Lighter RH95.443+0.308%Hotstuff95.445+0.310%MEXC95.447+0.312%BingX95.447+0.312%
Lighter95.450+0.315%
Kraken Futures95.458+0.323%Gate95.469+0.335%Pacifica95.473+0.340%Backpack95.477+0.344%Hyperliquid95.483+0.350%SunX95.522+0.391%Bybit95.550+0.420%OKX95.553+0.424%Bitget95.558+0.429%Kalshi95.566+0.437%Binance95.567+0.438%HTX95.602+0.475%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective HYPE/USDC PERP−0.234%+0.0996%1h$24K$321K12xas long as short
ApeX Omni HYPEUSDT−0.165%−0.0011%1h$419K$916K50xas long as short
edgeX HYPEUSDC−0.153%−0.0025%4h$5.1M$23.1M30xas long as short
Hibachi HYPE/USDT-P−0.141%−0.0792%1h$209K$155K7xas long as short
Derive HYPE-PERP−0.124%−0.0091%1h$17.1M$6.5M10xas long as short
Extended HYPE-USD−0.079%+0.0104%1h$18.1M$32.6M50xas long as short
Orderly PERP_HYPE_USDC−0.062%−0.0392%4h$156K$429K20xas long as short
Bluefin HYPE-PERP−0.061%−0.0132%1h$70K$199K20xas long as short
StandX HYPE-USD−0.045%+0.0100%1h$696K$2.1M20xas long as short
Aftermath Perps HYPEUSD−0.041%−0.0270%1h$20K$30K10xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo HYPE-PERP−0.040%+0.0072%1h$406K$342K20xas long as short
BloFin HYPE-USDT−0.032%+0.0195%4h$18.0M$10.6M75xas long as short
Variational Omni HYPE−0.029%+0.0100%8h$29.3M$47.5M—as long as short
Katana Perps HYPE-USD−0.025%+0.0100%8h$12K$1.4M10xas long as short
Reya HYPERUSDPERP−0.020%+0.0208%1h$79K$332K15xas long as short
Nado HYPE-PERP−0.014%+0.0100%1h$5.3M$40.1M10xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.013%L +0.0331% / S −0.0146%1h$1.5M—100xas long as short
Arcus HYPE-USD−0.011%−0.0261%1h$1.2M$4.1M10xas long as short
Vest HYPE-PERP−0.005%−0.0122%1h—$407K5xas long as short
Bullet HYPE-USDlong0.000%+0.0100%1h$191K$530K20x
Deribit HYPE_USDC-PERPETUAL+0.003%0.0000%1h$7.3M$3.8M50xas long as short
Ondo Perps HYPE-USD.P+0.007%−0.0216%1h$703K$829K10xas long as short
gTrade (Gains Network) HYPE/USD+0.009%L +0.0002% / S −0.0001%1h$17K—150xas long as short
Bulk HYPE-USD+0.013%+0.0100%1h$216K$10K10xas long as short
Aster HYPEUSDT+0.022%−0.0093%4h$8.7M$28.4M300xas long as short
Popdex HYPEUSDT+0.026%+0.0096%1h$82K$990K50xas long as short
Coinbase International HYPE-PERP-INTX+0.028%0.0000%1h$5.0M$5.1M50xas long as short
Phemex HYPEUSDT+0.028%−0.0092%8h$12.9M$2.0M50xas long as short
Perpl HYPE+0.030%0.0000%43m$31K$326K10xas long as short
RISEx HYPE/USDC+0.047%+0.0035%1h$2.4M$7.0M20xas long as short
SoDEX HYPE-USD+0.053%+0.0100%1h$2.0M$1.9M10xas long as short
dYdX HYPE-USD+0.058%0.0000%1h$130K$20K5xas long as short
Paradex HYPE-USD-PERP+0.061%+0.0084%8h$336K$283K20xas long as short
KuCoin HYPEUSDTM+0.061%−0.0050%4h$46.4M$18.4M75xas long as short
Polymarket Perps HYPE-USD+0.062%+0.0100%1h$511K$2.2M20xas long as short
01 Exchange HYPEUSD+0.066%−0.0088%1h$85K$225K20xas long as short
Phoenix HYPE+0.067%+0.0050%1h$257K$991K10xas long as short
Lighter RH HYPE+0.073%+0.0096%1h$2.7M$9.8M20xas long as short
Hotstuff HYPE-PERP+0.075%−0.0080%1h$3K$30725xas long as short
MEXC HYPE_USDT+0.077%−0.0044%4h$90.6M$74.2M100xas long as short
BingX HYPE-USDT+0.077%−0.0136%4h—$43.1M—as long as short
Lighter HYPEshort+0.080%+0.0096%1h$18.6M$46.2M20x
Kraken Futures PF_HYPEUSD+0.088%−0.0531%1h$16.7M$17.8M50xas long as short
Gate HYPE_USDT+0.100%−0.0228%4h$45.5M$52.4M75xas long as short
Pacifica HYPE+0.105%+0.0100%1h$11.6M$11.3M20xas long as short
Backpack HYPE_USDC_PERP+0.109%+0.0100%1h$8.2M$8.1M20xas long as short
Hyperliquid HYPE+0.115%+0.0100%1h$2.10B$485.3M10xas long as short
SunX HYPE-USDT+0.156%+0.0100%4h$28K$1.3M20xas long as short
Bybit HYPEUSDT+0.185%+0.0048%8h$331.4M$254.1M75xas long as short
OKX HYPE-USDT-SWAP+0.188%−0.0137%8h$123.1M$276.9M50xas long as short
Bitget HYPEUSDT+0.193%+0.0012%4h$234.7M$83.0M75xas long as short
Kalshi KXHYPEPERP+0.202%0.0000%8h$1.6M$3.4M2.3xas long as short
Binance HYPEUSDT+0.203%−0.0045%4h$404.4M$695.2M75xas long as short
HTX HYPE-USDT+0.240%+0.0126%4h$1.6M$5.9M75xas long as short