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−0.063%7d average−0.037%fees + slippage, in and out−$27spread needed0.275%
Long on DeribitShort on StandX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit HYPE_USDC-PERPETUAL93.2280.0297pay 0.0037% / 1h56m 24s$7.3M$4.6M50x
ShortStandX HYPE-USD93.1690.0100get 0.0013% / 1h56m 24s$705K$2.1M20x

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
−$6.33
Funding while held
−$5.91
Slippage, 4 orders
−$12.48
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee StandX: 4 bp × 2 orders
−$8
Net
−$39.72
Spread needed to break even
0.275%
Slippage from Deribit: live order book, 4 min ago; StandX: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0197%
Per $10,000 a day
−$5.91
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 Deribit live order book, 4 min ago0.86 bp8.5 bp −$813.6 bp −$136doesn't fitdoesn't fit
Sell StandX live order book, 4 min ago2.15 bp6.1 bp −$66.1 bp −$6110.2 bp −$1,019doesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni93.080cheapestKatana Perps93.150+0.075%Arcus93.160+0.086%Bluefin93.166+0.092%
StandX93.169+0.096%
SoDEX93.170+0.097%GMX93.174+0.101%BloFin93.174+0.101%Orderly93.178+0.105%Vest93.194+0.122%KuCoin93.196+0.125%Phemex93.196+0.125%Bybit93.200+0.129%Aevo93.201+0.130%Kraken Futures93.206+0.136%Backpack93.212+0.142%Aster93.216+0.146%Pacifica93.219+0.149%Derive93.220+0.150%gTrade (Gains Network)93.222+0.153%Gate93.223+0.154%OKX93.226+0.157%BingX93.228+0.159%
Deribit93.228+0.159%
Hibachi93.229+0.160%Bullet93.229+0.160%Ondo Perps93.230+0.161%Perpl93.231+0.162%Bitget93.232+0.163%Nado93.232+0.164%Binance93.233+0.164%MEXC93.234+0.165%Extended93.236+0.167%Hotstuff93.241+0.173%Popdex93.241+0.173%Reya93.243+0.175%Hyperliquid93.251+0.184%dYdX93.251+0.184%Polymarket Perps93.252+0.185%Kalshi93.255+0.188%SunX93.255+0.188%01 Exchange93.260+0.193%Paradex93.264+0.198%Lighter RH93.267+0.201%Variational Omni93.275+0.210%Coinbase International93.280+0.215%edgeX93.289+0.225%Phoenix93.290+0.226%Lighter93.292+0.228%Injective93.300+0.236%RISEx93.302+0.238%Aftermath Perps93.309+0.246%HTX93.387+0.330%Bulk93.560+0.516%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni HYPEUSDT−0.159%+0.0100%1h$428K$961K50xas long as short
Katana Perps HYPE-USD−0.084%+0.0100%8h$39K$1.8M10xas long as short
Arcus HYPE-USD−0.073%+0.0100%1h$1.2M$4.2M10xas long as short
Bluefin HYPE-PERP−0.067%+0.0100%1h$73K$195K20xas long as short
StandX HYPE-USDshort−0.063%+0.0100%1h$705K$2.1M20x
SoDEX HYPE-USD−0.062%+0.0100%1h$2.0M$1.9M10xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.058%L +0.0349% / S −0.0167%1h$1.5M—100xas long as short
BloFin HYPE-USDT−0.058%+0.0340%4h$17.6M$12.2M75xas long as short
Orderly PERP_HYPE_USDC−0.054%−0.0069%4h$170K$374K20xas long as short
Vest HYPE-PERP−0.036%+0.0100%1h—$407K5xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin HYPEUSDTM−0.034%+0.0100%4h$43.8M$20.1M75xas long as short
Phemex HYPEUSDT−0.034%+0.0100%8h$12.6M$2.3M50xas long as short
Bybit HYPEUSDT−0.030%+0.0100%8h$325.9M$284.6M75xas long as short
Aevo HYPE-PERP−0.029%+0.0104%1h$396K$340K20xas long as short
Kraken Futures PF_HYPEUSD−0.023%+0.0409%1h$16.4M$20.8M50xas long as short
Backpack HYPE_USDC_PERP−0.017%+0.0100%1h$8.4M$9.2M20xas long as short
Aster HYPEUSDT−0.013%+0.0100%4h$8.8M$35.6M300xas long as short
Pacifica HYPE−0.010%+0.0100%1h$11.3M$12.2M20xas long as short
Derive HYPE-PERP−0.009%+0.0100%1h$16.5M$7.2M10xas long as short
gTrade (Gains Network) HYPE/USD−0.006%L +0.0002% / S −0.0001%1h$18K—150xas long as short
Gate HYPE_USDT−0.005%+0.0100%4h$44.3M$52.7M75xas long as short
OKX HYPE-USDT-SWAP−0.002%+0.0035%8h$115.5M$313.2M50xas long as short
BingX HYPE-USDT0.000%+0.0024%4h—$52.2M—as long as short
Deribit HYPE_USDC-PERPETUALlong0.000%+0.0297%1h$7.3M$4.6M50x
Hibachi HYPE/USDT-P+0.001%+0.0496%1h$206K$192K7xas long as short
Bullet HYPE-USD+0.001%+0.0100%1h$113K$577K20xas long as short
Ondo Perps HYPE-USD.P+0.002%+0.0100%1h$698K$975K10xas long as short
Perpl HYPE+0.003%+0.0223%43m$31K$345K10xas long as short
Bitget HYPEUSDT+0.004%+0.0100%4h$228.3M$101.2M75xas long as short
Nado HYPE-PERP+0.005%+0.0100%1h$5.6M$42.6M10xas long as short
Binance HYPEUSDT+0.005%+0.0100%4h$396.1M$832.0M75xas long as short
MEXC HYPE_USDT+0.006%+0.0100%4h$96.9M$83.6M100xas long as short
Extended HYPE-USD+0.008%+0.0104%1h$18.2M$42.0M50xas long as short
Hotstuff HYPE-PERP+0.014%−0.0080%1h$3K$30725xas long as short
Popdex HYPEUSDT+0.014%+0.0096%1h$155K$1.1M50xas long as short
Reya HYPERUSDPERP+0.016%+0.0226%1h$73K$166K15xas long as short
Hyperliquid HYPE+0.025%+0.0199%1h$2.01B$612.5M10xas long as short
dYdX HYPE-USD+0.025%0.0000%1h$127K$26K5xas long as short
Polymarket Perps HYPE-USD+0.026%+0.0100%1h$456K$2.4M20xas long as short
Kalshi KXHYPEPERP+0.029%+0.0116%8h$1.6M$4.5M2.3xas long as short
SunX HYPE-USDT+0.029%+0.0100%4h$32K$1.6M20xas long as short
01 Exchange HYPEUSD+0.034%+0.0136%1h$89K$314K20xas long as short
Paradex HYPE-USD-PERP+0.039%+0.0131%8h$338K$288K20xas long as short
Lighter RH HYPE+0.042%+0.0096%1h$3.2M$11.7M20xas long as short
Variational Omni HYPE+0.051%+0.0100%8h$29.6M$50.6M—as long as short
Coinbase International HYPE-PERP-INTX+0.056%+0.0152%1h$5.0M$5.3M50xas long as short
edgeX HYPEUSDC+0.066%+0.0112%4h$5.1M$28.2M30xas long as short
Phoenix HYPE+0.067%+0.0386%1h$295K$1.0M10xas long as short
Lighter HYPE+0.069%+0.0320%1h$18.6M$55.6M20xas long as short
Injective HYPE/USDC PERP+0.077%+0.0356%1h$23K$256K12xas long as short
RISEx HYPE/USDC+0.079%+0.0620%1h$2.5M$7.3M20xas long as short
Aftermath Perps HYPEUSD+0.087%+0.0269%1h$22K$35K10xas long as short
HTX HYPE-USDT+0.171%+0.0748%4h$1.5M$6.9M75xas long as short
Bulk HYPE-USD+0.356%+0.0100%1h$212K$10K10xas long as short