Spread before costs (cost unknown: a leg has no order-book sample)+0.062%
7d average—if it closes, per $10,000$6funding while held, a day−$30.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HYPE | 93.052 | 0.1014 | pay 0.0127% / 1h | 34m 29s | $2.02B | $619.8M | 10x |
| Short | gTrade (Gains Network) HYPE/USD | 93.109 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 34m 29s | $55K | — | 150x |
Hyperliquid HYPE
gTrade (Gains Network) HYPE/USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $6.18
- Funding while held
- −$30.37
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$43.19
- Spread needed to break even
- 0.190%
Slippage unknown: Hyperliquid: live order book, 11 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1012%
- Per $10,000 a day
- −$30.37
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 11 min ago | 0.05 bp | 5.2 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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.ApeX Omni92.848cheapestVariational Omni92.902+0.058%Arcus92.909+0.066%Phoenix92.929+0.087%Bybit92.957+0.117%Katana Perps92.960+0.121%Extended92.963+0.123%OKX92.965+0.126%Aftermath Perps92.975+0.136%Reya92.979+0.141%BingX92.981+0.143%Vest92.984+0.147%Bitget92.991+0.154%Polymarket Perps92.995+0.158%edgeX93.002+0.166%Perpl93.004+0.168%Binance93.005+0.169%Hibachi93.007+0.171%Gate93.008+0.172%Popdex93.011+0.176%MEXC93.017+0.182%KuCoin93.021+0.186%Bulk93.023+0.189%01 Exchange93.026+0.192%Aster93.043+0.211%Lighter RH93.047+0.214%Pacifica93.048+0.216%GMX93.049+0.216%Ondo Perps93.050+0.218%
ApeX Omni
Variational Omni
Arcus
Phoenix
Bybit
Katana Perps
Extended
OKX
Reya
BingX
Vest
Bitget
Polymarket Perps
Perpl
Binance
Hibachi
Gate
Popdex
MEXC
KuCoin
Bulk
Aster
Lighter RH
Pacifica
GMX
Ondo PerpsHyperliquid93.052+0.219%
Paradex93.063+0.231%Hotstuff93.064+0.233%Derive93.064+0.233%RISEx93.064+0.233%Aevo93.073+0.242%dYdX93.091+0.261%Lighter93.091+0.262%StandX93.098+0.269%Backpack93.099+0.270%Nado93.100+0.271%BloFin93.108+0.280%
Paradex
Hotstuff
Derive
RISEx
Aevo
dYdX
Lighter
StandX
Backpack
Nado
BloFingTrade (Gains Network)93.109+0.281%
SoDEX93.111+0.283%Bullet93.114+0.287%Phemex93.117+0.290%Bluefin93.127+0.300%Kalshi93.147+0.322%Orderly93.148+0.323%Kraken Futures93.154+0.330%Deribit93.185+0.363%SunX93.191+0.369%Coinbase International93.200+0.379%Injective93.210+0.390%HTX93.298+0.485%
SoDEX
Bullet
Phemex
Bluefin
Orderly
Kraken Futures
Deribit
SunX
Coinbase International
Injective
HTXHYPE on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni HYPEUSDT | −0.219% | +0.0100% | 1h | $427K | $927K | 50x | as long as short |
| Variational Omni HYPE | −0.161% | +0.0100% | 8h | $28.7M | $50.0M | — | as long as short |
| Arcus HYPE-USD | −0.153% | +0.0100% | 1h | $1.2M | $4.0M | 10x | as long as short |
| Phoenix HYPE | −0.132% | +0.0351% | 1h | $293K | $984K | 10x | as long as short |
| Bybit HYPEUSDT | −0.102% | +0.0100% | 8h | $326.7M | $281.5M | 75x | as long as short |
| Katana Perps HYPE-USD | −0.098% | +0.0100% | 8h | $30K | $1.8M | 10x | as long as short |
| Extended HYPE-USD | −0.096% | +0.0104% | 1h | $18.1M | $41.5M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | −0.093% | +0.0100% | 8h | $114.4M | $309.7M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.083% | +0.0308% | 1h | $22K | $33K | 10x | as long as short |
| Reya HYPERUSDPERP | −0.078% | +0.0235% | 1h | $73K | $149K | 15x | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX HYPE-USDT | −0.076% | +0.0040% | 4h | — | $52.1M | — | as long as short |
| Vest HYPE-PERP | −0.072% | +0.0100% | 1h | — | $407K | 5x | as long as short |
| Bitget HYPEUSDT | −0.065% | +0.0100% | 4h | $227.4M | $100.3M | 75x | as long as short |
| Polymarket Perps HYPE-USD | −0.061% | +0.0100% | 1h | $469K | $2.4M | 20x | as long as short |
| edgeX HYPEUSDC | −0.054% | +0.0107% | 4h | $5.1M | $28.4M | 30x | as long as short |
| Perpl HYPE | −0.051% | +0.0112% | 43m | $28K | $345K | 10x | as long as short |
| Binance HYPEUSDT | −0.050% | +0.0100% | 4h | $389.2M | $843.4M | 75x | as long as short |
| Hibachi HYPE/USDT-P | −0.048% | −0.1160% | 1h | $194K | $227K | 7x | as long as short |
| Gate HYPE_USDT | −0.047% | +0.0100% | 4h | $44.1M | $53.8M | 75x | as long as short |
| Popdex HYPEUSDT | −0.044% | +0.0096% | 1h | $65K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | −0.037% | +0.0100% | 4h | $91.7M | $82.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | −0.033% | +0.0100% | 4h | $46.0M | $19.7M | 75x | as long as short |
| Bulk HYPE-USD | −0.030% | +0.0100% | 1h | $203K | $8K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.027% | +0.0096% | 1h | $91K | $314K | 20x | as long as short |
| Aster HYPEUSDT | −0.009% | +0.0100% | 4h | $8.8M | $35.3M | 300x | as long as short |
| Lighter RH HYPE | −0.005% | +0.0096% | 1h | $3.1M | $12.0M | 20x | as long as short |
| Pacifica HYPE | −0.004% | +0.0100% | 1h | $11.3M | $12.3M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | −0.003% | L +0.0359% / S −0.0182% | 1h | $1.5M | — | 100x | as long as short |
| Ondo Perps HYPE-USD.P | −0.002% | +0.0100% | 1h | $698K | $971K | 10x | as long as short |
| Hyperliquid HYPElong | 0.000% | +0.1014% | 1h | $2.02B | $619.8M | 10x | |
| Paradex HYPE-USD-PERP | +0.012% | +0.0112% | 8h | $336K | $287K | 20x | as long as short |
| Hotstuff HYPE-PERP | +0.013% | −0.0080% | 1h | $3K | $307 | 25x | as long as short |
| Derive HYPE-PERP | +0.014% | +0.0100% | 1h | $16.4M | $7.2M | 10x | as long as short |
| RISEx HYPE/USDC | +0.014% | +0.0611% | 1h | $2.5M | $6.8M | 20x | as long as short |
| Aevo HYPE-PERP | +0.023% | +0.0104% | 1h | $396K | $335K | 20x | as long as short |
| dYdX HYPE-USD | +0.042% | +0.0011% | 1h | $127K | $26K | 5x | as long as short |
| Lighter HYPE | +0.043% | +0.0096% | 1h | $18.3M | $56.9M | 20x | as long as short |
| StandX HYPE-USD | +0.050% | +0.0100% | 1h | $671K | $2.3M | 20x | as long as short |
| Backpack HYPE_USDC_PERP | +0.051% | +0.0100% | 1h | $8.6M | $10.7M | 20x | as long as short |
| Nado HYPE-PERP | +0.052% | +0.0100% | 1h | $6.4M | $43.3M | 10x | as long as short |
| BloFin HYPE-USDT | +0.061% | +0.0340% | 4h | $17.5M | $11.6M | 75x | as long as short |
| gTrade (Gains Network) HYPE/USDshort | +0.062% | L +0.0002% / S −0.0001% | 1h | $55K | — | 150x | |
| SoDEX HYPE-USD | +0.064% | +0.0100% | 1h | $2.0M | $2.0M | 10x | as long as short |
| Bullet HYPE-USD | +0.067% | +0.0100% | 1h | $112K | $562K | 20x | as long as short |
| Phemex HYPEUSDT | +0.070% | +0.0100% | 8h | $12.6M | $2.4M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.081% | +0.0355% | 1h | $74K | $181K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.103% | +0.0105% | 8h | $1.7M | $4.9M | 2.3x | as long as short |
| Orderly PERP_HYPE_USDC | +0.104% | +0.0081% | 4h | $194K | $456K | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.110% | +0.0257% | 1h | $16.2M | $20.4M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.143% | +0.0190% | 1h | $7.4M | $4.3M | 50x | as long as short |
| SunX HYPE-USDT | +0.150% | +0.0100% | 4h | $32K | $1.6M | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.160% | +0.0200% | 1h | $4.9M | $5.3M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.170% | +0.0082% | 1h | $23K | $167K | 12x | as long as short |
| HTX HYPE-USDT | +0.265% | +0.0874% | 4h | $1.5M | $7.2M | 75x | as long as short |