data as of
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Price arb /

HYPE

all HYPE markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.052%
7d average+0.019%if it closes, per $10,000$5funding while held, a day−$4.80
Long on DeriveShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive HYPE-PERP93.9950.0100pay 0.0013% / 1h2m 10s$16.7M$7.1M10x
ShortBingX HYPE-USDT93.946−0.0060pay 0.0030% / 4h1h 02m—$49.6M—

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
−$5.2
Funding while held
−$4.8
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee BingX: 5 bp × 2 orders
−$10
Net
−$26
Spread needed to break even
0.160%
Slippage unknown: Derive: no order-book sample; BingX: live order book, 13 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0160%
Per $10,000 a day
−$4.80
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 Derive no order-book sample—————
Sell BingX live order book, 13 min ago0.11 bp5.1 bp −$55.5 bp −$5510.3 bp −$1,02715.6 bp −$7,820
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Bybit93.900cheapestBitget93.922+0.023%
BingX93.946+0.049%
OKX93.952+0.055%Gate93.952+0.055%KuCoin93.960+0.064%Backpack93.966+0.070%Extended93.976+0.081%
Derive93.995+0.101%
MEXC93.996+0.102%Bluefin93.998+0.104%Hyperliquid94.001+0.108%Phemex94.008+0.115%Binance94.009+0.117%SoDEX94.011+0.118%Arcus94.024+0.132%Aevo94.034+0.143%Perpl94.034+0.143%Lighter RH94.035+0.144%Kraken Futures94.036+0.145%gTrade (Gains Network)94.041+0.150%Orderly94.045+0.154%Katana Perps94.050+0.160%Lighter94.053+0.163%GMX94.057+0.167%Deribit94.061+0.171%SunX94.073+0.184%01 Exchange94.081+0.193%Coinbase International94.090+0.202%Polymarket Perps94.092+0.204%Reya94.093+0.205%Bullet94.093+0.206%Nado94.100+0.214%Aster94.102+0.215%Hibachi94.105+0.218%dYdX94.106+0.220%Popdex94.111+0.225%Pacifica94.125+0.240%Ondo Perps94.130+0.245%Vest94.131+0.246%Paradex94.139+0.255%RISEx94.141+0.257%Kalshi94.187+0.306%BloFin94.190+0.309%HTX94.200+0.319%Aftermath Perps94.212+0.332%Hotstuff94.233+0.355%ApeX Omni94.271+0.395%Variational Omni94.278+0.402%edgeX94.309+0.436%StandX94.311+0.438%Bulk94.380+0.511%Injective94.390+0.522%Phoenix94.488+0.626%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit HYPEUSDT−0.101%+0.0005%8h$326.7M$279.6M75xas long as short
Bitget HYPEUSDT−0.078%+0.0100%4h$233.0M$92.7M75xas long as short
BingX HYPE-USDTshort−0.052%−0.0060%4h—$49.6M—
OKX HYPE-USDT-SWAP−0.046%−0.0051%8h$117.9M$301.2M50xas long as short
Gate HYPE_USDT−0.046%+0.0048%4h$44.3M$55.6M75xas long as short
KuCoin HYPEUSDTM−0.037%+0.0100%4h$44.6M$19.8M75xas long as short
Backpack HYPE_USDC_PERP−0.031%+0.0100%1h$8.0M$8.5M20xas long as short
Extended HYPE-USD−0.020%+0.0104%1h$18.5M$38.7M50xas long as short
Derive HYPE-PERPlong0.000%+0.0100%1h$16.7M$7.1M10x
MEXC HYPE_USDT+0.001%+0.0100%4h$94.8M$83.1M100xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bluefin HYPE-PERP+0.003%+0.0100%1h$69K$192K20xas long as short
Hyperliquid HYPE+0.007%+0.0100%1h$2.05B$560.9M10xas long as short
Phemex HYPEUSDT+0.014%+0.0079%8h$12.7M$2.2M50xas long as short
Binance HYPEUSDT+0.015%+0.0100%4h$397.6M$781.4M75xas long as short
SoDEX HYPE-USD+0.017%+0.0100%1h$2.0M$1.9M10xas long as short
Arcus HYPE-USD+0.031%−0.0018%1h$1.2M$4.1M10xas long as short
Aevo HYPE-PERP+0.042%+0.0104%1h$400K$342K20xas long as short
Perpl HYPE+0.042%0.0000%43m$33K$348K10xas long as short
Lighter RH HYPE+0.043%+0.0096%1h$3.1M$11.4M20xas long as short
Kraken Futures PF_HYPEUSD+0.044%−0.0294%1h$16.8M$20.6M50xas long as short
gTrade (Gains Network) HYPE/USD+0.049%L +0.0002% / S −0.0001%1h$33K—150xas long as short
Orderly PERP_HYPE_USDC+0.053%−0.0219%4h$170K$414K20xas long as short
Katana Perps HYPE-USD+0.059%+0.0099%8h$9K$1.6M10xas long as short
Lighter HYPE+0.062%+0.0096%1h$18.8M$54.1M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]+0.066%L +0.0345% / S −0.0160%1h$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.070%+0.0335%1h$7.3M$4.5M50xas long as short
SunX HYPE-USDT+0.083%+0.0100%4h$28K$1.5M20xas long as short
01 Exchange HYPEUSD+0.092%+0.0112%1h$85K$293K20xas long as short
Coinbase International HYPE-PERP-INTX+0.101%+0.0032%1h$5.0M$5.2M50xas long as short
Polymarket Perps HYPE-USD+0.103%+0.0100%1h$465K$2.4M20xas long as short
Reya HYPERUSDPERP+0.104%+0.0219%1h$74K$174K15xas long as short
Bullet HYPE-USD+0.105%+0.0100%1h$112K$580K20xas long as short
Nado HYPE-PERP+0.112%+0.0100%1h$5.7M$42.8M10xas long as short
Aster HYPEUSDT+0.114%+0.0100%4h$8.9M$32.8M300xas long as short
Hibachi HYPE/USDT-P+0.117%−0.0664%1h$203K$179K7xas long as short
dYdX HYPE-USD+0.118%+0.0055%1h$128K$23K5xas long as short
Popdex HYPEUSDT+0.124%+0.0096%1h$161K$1.1M50xas long as short
Pacifica HYPE+0.138%+0.0100%1h$11.4M$12.0M20xas long as short
Ondo Perps HYPE-USD.P+0.144%+0.0100%1h$706K$905K10xas long as short
Vest HYPE-PERP+0.145%+0.0100%1h—$407K5xas long as short
Paradex HYPE-USD-PERP+0.153%+0.0098%8h$338K$288K20xas long as short
RISEx HYPE/USDC+0.155%+0.0120%1h$2.5M$7.2M20xas long as short
Kalshi KXHYPEPERP+0.204%+0.0159%8h$1.7M$4.1M2.3xas long as short
BloFin HYPE-USDT+0.208%+0.0340%4h$17.8M$11.9M75xas long as short
HTX HYPE-USDT+0.218%+0.0298%4h$1.5M$6.5M75xas long as short
Aftermath Perps HYPEUSD+0.231%+0.0114%1h$22K$35K10xas long as short
Hotstuff HYPE-PERP+0.253%−0.0080%1h$3K$30725xas long as short
ApeX Omni HYPEUSDT+0.294%+0.0100%1h$423K$943K50xas long as short
Variational Omni HYPE+0.301%+0.0100%8h$31.0M$50.5M—as long as short
edgeX HYPEUSDC+0.334%+0.0113%4h$5.2M$26.1M30xas long as short
StandX HYPE-USD+0.336%+0.0100%1h$723K$2.0M20xas long as short
Bulk HYPE-USD+0.410%+0.0100%1h$214K$10K10xas long as short
Injective HYPE/USDC PERP+0.420%+0.0375%1h$24K$260K12xas long as short
Phoenix HYPE+0.525%+0.0152%1h$297K$1.0M10xas long as short