data as of
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Price arb /

HYPE

all HYPE markets
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After costs, if the gap returns to its 7d average, $10k−$319
spread now+0.056%7d average+0.066%fees + slippage, in and out−$318spread needed3.178%
Long on HibachiShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi HYPE/USDT-P92.735−0.0792get 0.0099% / 1h50m 02s$193K$232K7x
ShortdYdX HYPE-USD92.7880.0000get 0.0000% / 1h50m 02s$126K$27K5x

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
$5.64
Funding while held
$23.76
Slippage, 4 orders
−$298.82
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$288.42
Spread needed to break even
3.178%
Slippage from Hibachi: live order book, 45 min ago; dYdX: live order book, 50 min ago.

Cost of waiting

funding view
Funding /8h
+0.0792%
Per $10,000 a day
+$23.76
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 Hibachi live order book, 45 min ago25.00 bp29.5 bp −$2950.1 bp −$501doesn't fitdoesn't fit
Sell dYdX live order book, 50 min ago82.72 bp171.1 bp −$171171.2 bp −$1,712171.2 bp −$17.1K206.8 bp −$103.4K

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni92.464cheapestInjective92.500+0.039%Bybit92.660+0.212%Aftermath Perps92.678+0.231%Extended92.688+0.242%OKX92.689+0.243%Bitget92.689+0.243%Aevo92.725+0.282%Gate92.729+0.287%KuCoin92.733+0.291%Derive92.735+0.293%
Hibachi92.735+0.294%
BingX92.741+0.300%Binance92.745+0.304%Variational Omni92.747+0.306%Arcus92.754+0.314%Ondo Perps92.760+0.320%SoDEX92.762+0.322%Bluefin92.773+0.334%MEXC92.777+0.339%Phemex92.779+0.341%Aster92.782+0.344%
dYdX92.788+0.350%
Nado92.790+0.352%Orderly92.800+0.363%Lighter RH92.802+0.366%Vest92.803+0.366%Hotstuff92.803+0.367%Pacifica92.803+0.367%Hyperliquid92.810+0.374%StandX92.810+0.374%Lighter92.812+0.376%Backpack92.814+0.379%GMX92.818+0.383%Kraken Futures92.818+0.383%Katana Perps92.820+0.385%Bullet92.820+0.385%Reya92.824+0.390%Deribit92.842+0.409%Polymarket Perps92.845+0.412%gTrade (Gains Network)92.847+0.414%Popdex92.849+0.416%BloFin92.850+0.417%Kalshi92.851+0.419%Paradex92.852+0.419%Perpl92.860+0.428%01 Exchange92.870+0.439%Coinbase International92.870+0.439%RISEx92.901+0.473%SunX92.908+0.480%HTX92.908+0.480%Bulk92.987+0.566%Phoenix92.995+0.574%edgeX93.000+0.579%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni HYPEUSDT−0.293%+0.0100%1h$429K$939K50xas long as short
Injective HYPE/USDC PERP−0.254%+0.1593%1h$24K$170K12xas long as short
Bybit HYPEUSDT−0.081%+0.0100%8h$324.9M$290.8M75xas long as short
Aftermath Perps HYPEUSD−0.062%+0.0105%1h$22K$30K10xas long as short
Extended HYPE-USD−0.052%+0.0104%1h$18.0M$41.2M50xas long as short
OKX HYPE-USDT-SWAP−0.050%+0.0100%8h$114.3M$317.6M50xas long as short
Bitget HYPEUSDT−0.050%+0.0100%4h$225.3M$103.7M75xas long as short
Aevo HYPE-PERP−0.011%+0.0104%1h$394K$335K20xas long as short
Gate HYPE_USDT−0.007%+0.0100%4h$43.8M$56.0M75xas long as short
KuCoin HYPEUSDTM−0.003%+0.0100%4h$46.2M$20.0M75xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Derive HYPE-PERP−0.001%+0.0100%1h$16.3M$7.1M10xas long as short
Hibachi HYPE/USDT-Plong0.000%−0.0792%1h$193K$232K7x
BingX HYPE-USDT+0.006%+0.0100%4h—$54.2M—as long as short
Binance HYPEUSDT+0.011%+0.0100%4h$387.3M$865.7M75xas long as short
Variational Omni HYPE+0.013%+0.0100%8h$28.5M$50.0M—as long as short
Arcus HYPE-USD+0.020%−0.0121%1h$1.2M$4.1M10xas long as short
Ondo Perps HYPE-USD.P+0.026%+0.0100%1h$705K$1.0M10xas long as short
SoDEX HYPE-USD+0.029%+0.0100%1h$2.0M$2.0M10xas long as short
Bluefin HYPE-PERP+0.041%+0.0100%1h$75K$179K20xas long as short
MEXC HYPE_USDT+0.045%+0.0100%4h$90.5M$82.2M100xas long as short
Phemex HYPEUSDT+0.047%+0.0100%8h$12.5M$2.4M50xas long as short
Aster HYPEUSDT+0.051%+0.0100%4h$8.9M$36.0M300xas long as short
dYdX HYPE-USDshort+0.056%0.0000%1h$126K$27K5x
Nado HYPE-PERP+0.058%+0.0100%1h$6.4M$43.8M10xas long as short
Orderly PERP_HYPE_USDC+0.070%+0.0100%4h$191K$487K20xas long as short
Lighter RH HYPE+0.072%+0.0096%1h$3.2M$12.4M20xas long as short
Vest HYPE-PERP+0.073%+0.0100%1h—$407K5xas long as short
Hotstuff HYPE-PERP+0.073%−0.0080%1h$3K$30725xas long as short
Pacifica HYPE+0.073%+0.0100%1h$10.2M$14.4M20xas long as short
Hyperliquid HYPE+0.080%+0.0371%1h$2.00B$661.6M10xas long as short
StandX HYPE-USD+0.080%+0.0100%1h$670K$2.3M20xas long as short
Lighter HYPE+0.082%+0.0096%1h$18.3M$57.7M20xas long as short
Backpack HYPE_USDC_PERP+0.085%+0.0100%1h$8.4M$11.2M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]+0.089%L +0.0336% / S −0.0163%1h$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.089%+0.0086%1h$16.1M$20.9M50xas long as short
Katana Perps HYPE-USD+0.091%+0.0100%8h$20K$1.9M10xas long as short
Bullet HYPE-USD+0.092%+0.0100%1h$111K$569K20xas long as short
Reya HYPERUSDPERP+0.096%+0.0238%1h$76K$157K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.115%+0.0483%1h$7.3M$4.7M50xas long as short
Polymarket Perps HYPE-USD+0.118%+0.0100%1h$460K$2.5M20xas long as short
gTrade (Gains Network) HYPE/USD+0.120%L +0.0002% / S −0.0003%1h$78K—150xas long as short
Popdex HYPEUSDT+0.122%+0.0096%1h$54K$1.2M50xas long as short
BloFin HYPE-USDT+0.124%+0.0340%4h$17.4M$12.2M75xas long as short
Kalshi KXHYPEPERP+0.125%+0.0108%8h$1.9M$5.4M2.3xas long as short
Paradex HYPE-USD-PERP+0.125%+0.0109%8h$339K$288K20xas long as short
Perpl HYPE+0.134%+0.0447%43m$27K$379K10xas long as short
01 Exchange HYPEUSD+0.145%+0.0104%1h$89K$321K20xas long as short
Coinbase International HYPE-PERP-INTX+0.145%+0.0200%1h$5.0M$5.6M50xas long as short
RISEx HYPE/USDC+0.179%+0.0569%1h$2.6M$6.6M20xas long as short
SunX HYPE-USDT+0.186%+0.0100%4h$32K$1.6M20xas long as short
HTX HYPE-USDT+0.186%+0.0662%4h$1.5M$7.4M75xas long as short
Bulk HYPE-USD+0.272%+0.0100%1h$205K$10K10xas long as short
Phoenix HYPE+0.280%+0.0338%1h$220K$977K10xas long as short
edgeX HYPEUSDC+0.285%+0.0114%4h$5.1M$28.7M30xas long as short