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−$30
spread now+0.047%7d average+0.004%fees + slippage, in and out−$35spread needed0.346%
Long on BybitShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit HYPEUSDT93.353−0.0012get 0.0012% / 8h11m 37s$327.6M$284.8M75x
ShortGate HYPE_USDT93.3970.0100get 0.0050% / 4h11m 37s$44.4M$55.5M75x

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
$4.71
Funding while held
$3.37
Slippage, 4 orders
−$8.65
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$26.57
Spread needed to break even
0.346%
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0112%
Per $10,000 a day
+$3.37
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 Bybit live order book, 4 min ago0.54 bp6.6 bp −$77.9 bp −$7914.7 bp −$1,47446.6 bp −$23.3K
Sell Gate live order book, 4 min ago0.05 bp10.2 bp −$1014.9 bp −$14930.1 bp −$3,00654.0 bp −$27.0K

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Injective93.120cheapestVariational Omni93.277+0.169%Ondo Perps93.280+0.172%Bulk93.288+0.181%ApeX Omni93.303+0.197%edgeX93.308+0.202%Coinbase International93.310+0.204%Hibachi93.314+0.208%Perpl93.325+0.220%Nado93.328+0.223%GMX93.331+0.226%Vest93.335+0.230%Reya93.337+0.233%Bluefin93.338+0.234%Popdex93.339+0.235%StandX93.340+0.236%Hotstuff93.344+0.241%gTrade (Gains Network)93.347+0.244%Derive93.348+0.244%Aftermath Perps93.349+0.246%
Bybit93.353+0.250%
Polymarket Perps93.358+0.256%Orderly93.362+0.260%BloFin93.362+0.260%Kalshi93.363+0.261%Phemex93.365+0.263%Katana Perps93.370+0.268%Aevo93.370+0.269%Aster93.371+0.270%Arcus93.372+0.271%Bullet93.374+0.273%SoDEX93.378+0.277%Phoenix93.386+0.286%01 Exchange93.390+0.290%KuCoin93.392+0.292%
Gate93.397+0.297%
OKX93.400+0.301%Extended93.400+0.301%Kraken Futures93.403+0.304%Bitget93.407+0.308%BingX93.408+0.309%Pacifica93.420+0.322%Deribit93.422+0.324%Backpack93.425+0.328%Binance93.428+0.331%MEXC93.429+0.332%dYdX93.438+0.342%Hyperliquid93.444+0.348%SunX93.448+0.352%Paradex93.459+0.364%Lighter RH93.476+0.382%RISEx93.483+0.389%Lighter93.503+0.411%HTX93.526+0.436%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective HYPE/USDC PERP−0.250%+0.1001%1h$23K$320K12xas long as short
Variational Omni HYPE−0.081%+0.0100%8h$29.8M$51.9M—as long as short
Ondo Perps HYPE-USD.P−0.078%+0.0100%1h$699K$974K10xas long as short
Bulk HYPE-USD−0.069%+0.0100%1h$211K$10K10xas long as short
ApeX Omni HYPEUSDT−0.054%+0.0100%1h$426K$968K50xas long as short
edgeX HYPEUSDC−0.048%+0.0106%4h$5.1M$28.0M30xas long as short
Coinbase International HYPE-PERP-INTX−0.046%+0.0096%1h$4.9M$5.3M50xas long as short
Hibachi HYPE/USDT-P−0.042%+0.0064%1h$206K$197K7xas long as short
Perpl HYPE−0.030%+0.0223%43m$31K$338K10xas long as short
Nado HYPE-PERP−0.027%+0.0100%1h$5.6M$42.5M10xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
GMX HYPE/USD [WBTC.b-USDC]−0.024%L +0.0347% / S −0.0165%1h$1.5M—100xas long as short
Vest HYPE-PERP−0.020%+0.0100%1h—$407K5xas long as short
Reya HYPERUSDPERP−0.017%+0.0224%1h$73K$168K15xas long as short
Bluefin HYPE-PERP−0.016%+0.0100%1h$73K$197K20xas long as short
Popdex HYPEUSDT−0.015%+0.0096%1h$150K$1.1M50xas long as short
StandX HYPE-USD−0.014%+0.0100%1h$707K$2.1M20xas long as short
Hotstuff HYPE-PERP−0.010%−0.0080%1h$3K$30725xas long as short
gTrade (Gains Network) HYPE/USD−0.006%L +0.0002% / S −0.0001%1h$33K—150xas long as short
Derive HYPE-PERP−0.006%+0.0100%1h$16.5M$7.1M10xas long as short
Aftermath Perps HYPEUSD−0.005%+0.0218%1h$22K$35K10xas long as short
Bybit HYPEUSDTlong0.000%−0.0012%8h$327.6M$284.8M75x
Polymarket Perps HYPE-USD+0.005%+0.0100%1h$462K$2.4M20xas long as short
Orderly PERP_HYPE_USDC+0.010%−0.0103%4h$170K$376K20xas long as short
BloFin HYPE-USDT+0.010%+0.0340%4h$17.9M$12.4M75xas long as short
Kalshi KXHYPEPERP+0.011%+0.0129%8h$1.6M$4.5M2.3xas long as short
Phemex HYPEUSDT+0.013%+0.0100%8h$12.6M$2.3M50xas long as short
Katana Perps HYPE-USD+0.018%+0.0099%8h$25K$1.7M10xas long as short
Aevo HYPE-PERP+0.018%+0.0104%1h$397K$340K20xas long as short
Aster HYPEUSDT+0.020%+0.0100%4h$8.9M$35.8M300xas long as short
Arcus HYPE-USD+0.020%+0.0100%1h$1.2M$4.1M10xas long as short
Bullet HYPE-USD+0.022%+0.0100%1h$112K$578K20xas long as short
SoDEX HYPE-USD+0.027%+0.0100%1h$2.0M$1.9M10xas long as short
Phoenix HYPE+0.035%+0.0357%1h$295K$1.1M10xas long as short
01 Exchange HYPEUSD+0.040%+0.0136%1h$89K$317K20xas long as short
KuCoin HYPEUSDTM+0.042%+0.0100%4h$43.6M$20.2M75xas long as short
Gate HYPE_USDTshort+0.047%+0.0100%4h$44.4M$55.5M75x
OKX HYPE-USDT-SWAP+0.050%+0.0015%8h$115.7M$313.7M50xas long as short
Extended HYPE-USD+0.051%+0.0104%1h$18.3M$42.0M50xas long as short
Kraken Futures PF_HYPEUSD+0.054%+0.0610%1h$16.5M$21.3M50xas long as short
Bitget HYPEUSDT+0.058%+0.0100%4h$228.8M$101.1M75xas long as short
BingX HYPE-USDT+0.059%−0.0012%4h—$52.2M—as long as short
Pacifica HYPE+0.072%+0.0100%1h$11.3M$12.3M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.074%+0.0307%1h$7.3M$4.6M50xas long as short
Backpack HYPE_USDC_PERP+0.077%+0.0100%1h$8.3M$9.1M20xas long as short
Binance HYPEUSDT+0.080%+0.0100%4h$396.4M$829.4M75xas long as short
MEXC HYPE_USDT+0.081%+0.0100%4h$97.5M$86.6M100xas long as short
dYdX HYPE-USD+0.091%+0.0094%1h$127K$26K5xas long as short
Hyperliquid HYPE+0.097%+0.0198%1h$2.02B$609.1M10xas long as short
SunX HYPE-USDT+0.102%+0.0100%4h$32K$1.6M20xas long as short
Paradex HYPE-USD-PERP+0.114%+0.0133%8h$337K$289K20xas long as short
Lighter RH HYPE+0.132%+0.0096%1h$3.2M$12.0M20xas long as short
RISEx HYPE/USDC+0.139%+0.0500%1h$2.6M$7.4M20xas long as short
Lighter HYPE+0.160%+0.0192%1h$18.7M$58.4M20xas long as short
HTX HYPE-USDT+0.185%+0.0454%4h$1.5M$6.8M75xas long as short