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−$40
spread now−0.053%7d average−0.004%fees + slippage, in and out−$35spread needed0.350%
Long on GateShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.3190.0100pay 0.0050% / 4h17m 27s$44.4M$55.4M75x
ShortBybit HYPEUSDT93.270−0.0012pay 0.0012% / 8h17m 27s$327.1M$285.0M75x

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
−$5.25
Funding while held
−$3.37
Slippage, 4 orders
−$9.03
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$43.65
Spread needed to break even
0.350%
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 3 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 Gate live order book, 3 min ago0.05 bp11.8 bp −$1216.5 bp −$16528.5 bp −$2,85351.6 bp −$25.8K
Sell Bybit live order book, 3 min ago0.54 bp6.0 bp −$67.7 bp −$7715.2 bp −$1,52035.3 bp −$17.7K

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni93.217cheapestInjective93.220+0.003%GMX93.256+0.042%
Bybit93.270+0.057%
gTrade (Gains Network)93.281+0.069%Aevo93.287+0.075%Ondo Perps93.290+0.078%Derive93.293+0.081%Arcus93.297+0.086%Bullet93.302+0.091%KuCoin93.309+0.099%Bitget93.310+0.100%BingX93.312+0.102%Extended93.314+0.104%
Gate93.319+0.109%
Katana Perps93.320+0.110%Orderly93.322+0.113%Reya93.322+0.113%Kalshi93.323+0.114%Pacifica93.328+0.119%OKX93.330+0.121%Aster93.335+0.127%Nado93.335+0.127%Aftermath Perps93.336+0.128%Vest93.339+0.131%Bluefin93.340+0.132%Popdex93.347+0.139%MEXC93.349+0.142%Polymarket Perps93.350+0.143%Coinbase International93.350+0.143%Hotstuff93.354+0.147%edgeX93.354+0.147%Kraken Futures93.356+0.149%Bulk93.358+0.152%dYdX93.359+0.153%Binance93.366+0.160%Phemex93.370+0.164%Deribit93.372+0.166%Perpl93.372+0.166%Hyperliquid93.375+0.169%ApeX Omni93.379+0.174%Paradex93.379+0.174%Backpack93.380+0.175%SunX93.381+0.176%Lighter RH93.382+0.177%01 Exchange93.383+0.178%StandX93.383+0.178%SoDEX93.393+0.189%RISEx93.403+0.199%BloFin93.403+0.199%Lighter93.411+0.208%Hibachi93.417+0.214%Phoenix93.503+0.307%HTX93.511+0.315%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni HYPE−0.109%+0.0100%8h$29.8M$51.8M—as long as short
Injective HYPE/USDC PERP−0.106%+0.1001%1h$23K$320K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.067%L +0.0347% / S −0.0164%1h$1.5M—100xas long as short
Bybit HYPEUSDTshort−0.053%−0.0012%8h$327.1M$285.0M75x
gTrade (Gains Network) HYPE/USD−0.041%L +0.0002% / S −0.0001%1h$33K—150xas long as short
Aevo HYPE-PERP−0.034%+0.0104%1h$397K$340K20xas long as short
Ondo Perps HYPE-USD.P−0.031%+0.0100%1h$699K$978K10xas long as short
Derive HYPE-PERP−0.028%+0.0100%1h$16.5M$7.1M10xas long as short
Arcus HYPE-USD−0.024%+0.0100%1h$1.2M$4.2M10xas long as short
Bullet HYPE-USD−0.018%+0.0100%1h$112K$578K20xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin HYPEUSDTM−0.011%+0.0100%4h$43.6M$20.2M75xas long as short
Bitget HYPEUSDT−0.010%+0.0100%4h$228.8M$101.2M75xas long as short
BingX HYPE-USDT−0.008%−0.0010%4h—$52.0M—as long as short
Extended HYPE-USD−0.005%+0.0104%1h$18.3M$42.1M50xas long as short
Gate HYPE_USDTlong0.000%+0.0100%4h$44.4M$55.4M75x
Katana Perps HYPE-USD+0.001%+0.0099%8h$25K$1.7M10xas long as short
Orderly PERP_HYPE_USDC+0.003%−0.0115%4h$169K$376K20xas long as short
Reya HYPERUSDPERP+0.004%+0.0224%1h$73K$168K15xas long as short
Kalshi KXHYPEPERP+0.004%+0.0133%8h$1.6M$4.5M2.3xas long as short
Pacifica HYPE+0.010%+0.0100%1h$11.3M$12.3M20xas long as short
OKX HYPE-USDT-SWAP+0.012%+0.0006%8h$115.7M$314.5M50xas long as short
Aster HYPEUSDT+0.017%+0.0100%4h$8.9M$35.8M300xas long as short
Nado HYPE-PERP+0.018%+0.0100%1h$5.6M$42.5M10xas long as short
Aftermath Perps HYPEUSD+0.018%+0.0178%1h$22K$35K10xas long as short
Vest HYPE-PERP+0.022%+0.0100%1h—$407K5xas long as short
Bluefin HYPE-PERP+0.023%+0.0100%1h$73K$197K20xas long as short
Popdex HYPEUSDT+0.030%+0.0096%1h$155K$1.1M50xas long as short
MEXC HYPE_USDT+0.032%+0.0100%4h$95.8M$86.2M100xas long as short
Polymarket Perps HYPE-USD+0.033%+0.0100%1h$462K$2.4M20xas long as short
Coinbase International HYPE-PERP-INTX+0.033%+0.0096%1h$4.9M$5.3M50xas long as short
Hotstuff HYPE-PERP+0.038%−0.0080%1h$3K$30725xas long as short
edgeX HYPEUSDC+0.038%+0.0115%4h$5.1M$27.9M30xas long as short
Kraken Futures PF_HYPEUSD+0.040%+0.0611%1h$16.4M$21.4M50xas long as short
Bulk HYPE-USD+0.042%+0.0100%1h$211K$10K10xas long as short
dYdX HYPE-USD+0.043%+0.0108%1h$127K$26K5xas long as short
Binance HYPEUSDT+0.050%+0.0100%4h$396.0M$828.8M75xas long as short
Phemex HYPEUSDT+0.055%+0.0100%8h$12.6M$2.3M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.057%+0.0318%1h$7.3M$4.6M50xas long as short
Perpl HYPE+0.057%+0.0223%43m$32K$342K10xas long as short
Hyperliquid HYPE+0.060%+0.0190%1h$2.02B$606.4M10xas long as short
ApeX Omni HYPEUSDT+0.064%+0.0100%1h$426K$970K50xas long as short
Paradex HYPE-USD-PERP+0.065%+0.0128%8h$336K$289K20xas long as short
Backpack HYPE_USDC_PERP+0.065%+0.0100%1h$8.3M$9.1M20xas long as short
SunX HYPE-USDT+0.066%+0.0100%4h$32K$1.6M20xas long as short
Lighter RH HYPE+0.068%+0.0096%1h$3.2M$11.9M20xas long as short
01 Exchange HYPEUSD+0.069%+0.0136%1h$88K$305K20xas long as short
StandX HYPE-USD+0.069%+0.0100%1h$707K$2.1M20xas long as short
SoDEX HYPE-USD+0.079%+0.0100%1h$2.0M$1.9M10xas long as short
RISEx HYPE/USDC+0.090%+0.0500%1h$2.6M$7.4M20xas long as short
BloFin HYPE-USDT+0.090%+0.0340%4h$17.9M$12.5M75xas long as short
Lighter HYPE+0.099%+0.0152%1h$18.7M$58.1M20xas long as short
Hibachi HYPE/USDT-P+0.105%−0.0088%1h$207K$197K7xas long as short
Phoenix HYPE+0.197%+0.0357%1h$295K$1.1M10xas long as short
HTX HYPE-USDT+0.206%+0.0443%4h$1.5M$6.8M75xas long as short