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−$69
spread now+0.042%7d average+0.020%fees + slippage, in and out−$71spread needed0.709%
Long on dYdXShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX HYPE-USD93.5940.0089pay 0.0011% / 1h7m 47s$127K$26K5x
ShortPacifica HYPE93.6330.0100get 0.0013% / 1h7m 47s$11.4M$12.3M20x

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
$4.18
Funding while held
$0.32
Slippage, 4 orders
−$52.92
Fee dYdX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$66.41
Spread needed to break even
0.709%
Slippage from dYdX: live order book, 42 min ago; Pacifica: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0011%
Per $10,000 a day
+$0.32
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 dYdX live order book, 42 min ago24.71 bp29.7 bp −$3042.1 bp −$421104.8 bp −$10.5K344.1 bp −$172.1K
Sell Pacifica live order book, 3 min ago0.91 bp6.1 bp −$6doesn't fitdoesn't fitdoesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Bulk93.288cheapestVariational Omni93.331+0.046%Injective93.380+0.098%ApeX Omni93.429+0.151%Bybit93.450+0.173%edgeX93.453+0.177%Bluefin93.457+0.181%Aftermath Perps93.472+0.197%Phoenix93.474+0.199%OKX93.479+0.205%BingX93.506+0.233%KuCoin93.509+0.237%Gate93.510+0.238%Bitget93.514+0.242%Extended93.517+0.245%Binance93.520+0.249%Phemex93.521+0.250%Aster93.537+0.267%Backpack93.538+0.268%Hyperliquid93.548+0.279%MEXC93.551+0.282%GMX93.556+0.287%Arcus93.561+0.292%Lighter RH93.562+0.294%StandX93.563+0.295%Reya93.564+0.295%gTrade (Gains Network)93.568+0.300%Derive93.575+0.307%Orderly93.575+0.307%SoDEX93.578+0.311%Bullet93.578+0.311%Vest93.582+0.315%Aevo93.584+0.317%Kalshi93.584+0.317%Lighter93.590+0.324%Perpl93.591+0.324%
dYdX93.594+0.328%
BloFin93.599+0.333%Kraken Futures93.609+0.344%Ondo Perps93.610+0.345%Katana Perps93.610+0.345%Popdex93.610+0.345%Polymarket Perps93.616+0.351%01 Exchange93.627+0.363%Deribit93.627+0.363%Nado93.630+0.367%
Pacifica93.633+0.370%
SunX93.641+0.378%Hotstuff93.646+0.384%Hibachi93.663+0.402%Paradex93.663+0.402%Coinbase International93.670+0.409%RISEx93.680+0.421%HTX93.700+0.441%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk HYPE-USD−0.327%+0.0100%1h$211K$10K10xas long as short
Variational Omni HYPE−0.281%+0.0100%8h$29.8M$51.6M—as long as short
Injective HYPE/USDC PERP−0.228%+0.1001%1h$23K$320K12xas long as short
ApeX Omni HYPEUSDT−0.176%+0.0100%1h$426K$964K50xas long as short
Bybit HYPEUSDT−0.154%−0.0012%8h$327.4M$284.5M75xas long as short
edgeX HYPEUSDC−0.150%+0.0112%4h$5.1M$27.8M30xas long as short
Bluefin HYPE-PERP−0.146%+0.0100%1h$73K$194K20xas long as short
Aftermath Perps HYPEUSD−0.131%+0.0222%1h$22K$35K10xas long as short
Phoenix HYPE−0.128%+0.0357%1h$296K$1.1M10xas long as short
OKX HYPE-USDT-SWAP−0.123%+0.0020%8h$115.9M$314.4M50xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX HYPE-USDT−0.094%−0.0012%4h—$52.2M—as long as short
KuCoin HYPEUSDTM−0.091%+0.0100%4h$43.9M$20.2M75xas long as short
Gate HYPE_USDT−0.090%+0.0100%4h$44.5M$55.7M75xas long as short
Bitget HYPEUSDT−0.085%+0.0100%4h$228.9M$101.0M75xas long as short
Extended HYPE-USD−0.082%+0.0104%1h$18.4M$42.0M50xas long as short
Binance HYPEUSDT−0.079%+0.0100%4h$396.8M$832.1M75xas long as short
Phemex HYPEUSDT−0.078%+0.0100%8h$12.7M$2.3M50xas long as short
Aster HYPEUSDT−0.060%+0.0100%4h$8.9M$35.8M300xas long as short
Backpack HYPE_USDC_PERP−0.060%+0.0100%1h$8.3M$9.0M20xas long as short
Hyperliquid HYPE−0.049%+0.0199%1h$2.02B$605.0M10xas long as short
MEXC HYPE_USDT−0.046%+0.0100%4h$97.7M$87.1M100xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.040%L +0.0348% / S −0.0165%1h$1.5M—100xas long as short
Arcus HYPE-USD−0.035%+0.0100%1h$1.2M$4.1M10xas long as short
Lighter RH HYPE−0.034%+0.0096%1h$3.2M$12.0M20xas long as short
StandX HYPE-USD−0.033%+0.0100%1h$708K$2.1M20xas long as short
Reya HYPERUSDPERP−0.032%+0.0225%1h$73K$166K15xas long as short
gTrade (Gains Network) HYPE/USD−0.027%L +0.0002% / S −0.0001%1h$19K—150xas long as short
Derive HYPE-PERP−0.020%+0.0100%1h$16.5M$7.2M10xas long as short
Orderly PERP_HYPE_USDC−0.020%−0.0094%4h$170K$373K20xas long as short
SoDEX HYPE-USD−0.017%+0.0100%1h$2.0M$1.9M10xas long as short
Bullet HYPE-USD−0.017%+0.0100%1h$112K$578K20xas long as short
Vest HYPE-PERP−0.013%+0.0100%1h—$407K5xas long as short
Aevo HYPE-PERP−0.011%+0.0104%1h$398K$340K20xas long as short
Kalshi KXHYPEPERP−0.010%+0.0125%8h$1.6M$4.5M2.3xas long as short
Lighter HYPE−0.004%+0.0216%1h$18.7M$58.6M20xas long as short
Perpl HYPE−0.004%+0.0223%43m$32K$340K10xas long as short
dYdX HYPE-USDlong0.000%+0.0089%1h$127K$26K5x
BloFin HYPE-USDT+0.006%+0.0340%4h$17.9M$12.4M75xas long as short
Kraken Futures PF_HYPEUSD+0.016%+0.0609%1h$16.5M$21.3M50xas long as short
Ondo Perps HYPE-USD.P+0.017%+0.0100%1h$699K$975K10xas long as short
Katana Perps HYPE-USD+0.017%+0.0099%8h$39K$1.8M10xas long as short
Popdex HYPEUSDT+0.017%+0.0096%1h$156K$1.1M50xas long as short
Polymarket Perps HYPE-USD+0.024%+0.0100%1h$462K$2.4M20xas long as short
01 Exchange HYPEUSD+0.035%+0.0144%1h$89K$310K20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.035%+0.0295%1h$7.4M$4.6M50xas long as short
Nado HYPE-PERP+0.039%+0.0100%1h$5.7M$42.6M10xas long as short
Pacifica HYPEshort+0.042%+0.0100%1h$11.4M$12.3M20x
SunX HYPE-USDT+0.050%+0.0100%4h$32K$1.6M20xas long as short
Hotstuff HYPE-PERP+0.056%−0.0080%1h$3K$30725xas long as short
Hibachi HYPE/USDT-P+0.074%+0.0168%1h$207K$196K7xas long as short
Paradex HYPE-USD-PERP+0.074%+0.0135%8h$337K$288K20xas long as short
Coinbase International HYPE-PERP-INTX+0.081%+0.0096%1h$5.0M$5.3M50xas long as short
RISEx HYPE/USDC+0.093%+0.0500%1h$2.6M$7.3M20xas long as short
HTX HYPE-USDT+0.113%+0.0457%4h$1.5M$6.8M75xas long as short