data as of
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Price arb /

HYPE

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Spread before costs (cost unknown: a leg has no order-book sample)+0.002%
7d average−0.177%if it closes, per $10,000$0funding while held, a day−$12.69
Long on InjectiveShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective HYPE/USDC PERP94.5700.0375pay 0.0047% / 1h54m 48s$24K$259K12x
ShortAster HYPEUSDT94.571−0.0048pay 0.0024% / 4h1h 54m$8.5M$31.0M300x

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
$0.16
Funding while held
−$12.69
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aster: 4 bp × 2 orders
−$8
Net
−$20.56
Spread needed to break even
0.080%
Slippage unknown: Injective: live order book, 1 min ago; Aster: live order book, 6 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0423%
Per $10,000 a day
−$12.69
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 Injective live order book, 1 min ago24.81 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 6 min ago0.21 bp4.3 bp −$44.6 bp −$4611.3 bp −$1,135doesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Extended94.523cheapestGate94.526+0.004%Derive94.537+0.016%OKX94.551+0.030%KuCoin94.553+0.032%MEXC94.560+0.040%Bitget94.562+0.042%BingX94.567+0.047%Lighter RH94.570+0.050%Bybit94.570+0.050%Katana Perps94.570+0.050%
Injective94.570+0.050%
Aster94.571+0.052%
Arcus94.572+0.052%gTrade (Gains Network)94.580+0.061%Bluefin94.584+0.065%Bullet94.587+0.068%GMX94.588+0.069%Hyperliquid94.589+0.070%Aevo94.592+0.073%Popdex94.599+0.081%Binance94.604+0.086%Reya94.606+0.088%Orderly94.606+0.088%01 Exchange94.614+0.097%Polymarket Perps94.617+0.100%Perpl94.618+0.101%SoDEX94.619+0.102%BloFin94.623+0.106%RISEx94.627+0.110%Backpack94.628+0.112%Coinbase International94.630+0.114%Kraken Futures94.631+0.114%Phemex94.634+0.118%Lighter94.634+0.118%Paradex94.642+0.126%Deribit94.647+0.132%Vest94.650+0.134%SunX94.664+0.150%Nado94.665+0.150%Pacifica94.678+0.164%dYdX94.689+0.176%Kalshi94.695+0.182%HTX94.797+0.290%Ondo Perps94.810+0.304%Hotstuff94.825+0.320%edgeX94.827+0.323%Aftermath Perps94.832+0.327%Hibachi94.837+0.333%Variational Omni94.858+0.355%StandX94.859+0.356%ApeX Omni94.869+0.367%Bulk94.884+0.383%Phoenix94.993+0.498%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended HYPE-USD−0.050%+0.0104%1h$18.5M$35.6M50xas long as short
Gate HYPE_USDT−0.047%−0.0066%4h$44.9M$52.7M75xas long as short
Derive HYPE-PERP−0.035%+0.0088%1h$16.9M$6.9M10xas long as short
OKX HYPE-USDT-SWAP−0.020%−0.0117%8h$121.0M$284.8M50xas long as short
KuCoin HYPEUSDTM−0.018%+0.0034%4h$45.0M$19.1M75xas long as short
MEXC HYPE_USDT−0.011%+0.0024%4h$92.1M$78.4M100xas long as short
Bitget HYPEUSDT−0.008%+0.0088%4h$233.5M$85.9M75xas long as short
BingX HYPE-USDT−0.003%−0.0118%4h—$46.5M—as long as short
Lighter RH HYPE0.000%+0.0096%1h$2.9M$10.4M20xas long as short
Bybit HYPEUSDT0.000%+0.0047%8h$328.7M$265.8M75xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Katana Perps HYPE-USD0.000%+0.0099%8h$13K$1.4M10xas long as short
Injective HYPE/USDC PERPlong0.000%+0.0375%1h$24K$259K12x
Aster HYPEUSDTshort+0.002%−0.0048%4h$8.5M$31.0M300x
Arcus HYPE-USD+0.002%−0.0018%1h$1.2M$4.1M10xas long as short
gTrade (Gains Network) HYPE/USD+0.011%L +0.0002% / S −0.0001%1h$19K—150xas long as short
Bluefin HYPE-PERP+0.015%+0.0100%1h$70K$196K20xas long as short
Bullet HYPE-USD+0.018%+0.0100%1h$112K$579K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]+0.019%L +0.0352% / S −0.0163%1h$1.6M—100xas long as short
Hyperliquid HYPE+0.020%+0.0100%1h$2.07B$508.3M10xas long as short
Aevo HYPE-PERP+0.023%+0.0088%1h$402K$347K20xas long as short
Popdex HYPEUSDT+0.031%+0.0096%1h$85K$990K50xas long as short
Binance HYPEUSDT+0.036%+0.0027%4h$400.0M$731.7M75xas long as short
Reya HYPERUSDPERP+0.038%+0.0212%1h$74K$265K15xas long as short
Orderly PERP_HYPE_USDC+0.038%−0.0335%4h$167K$468K20xas long as short
01 Exchange HYPEUSD+0.047%+0.0080%1h$83K$284K20xas long as short
Polymarket Perps HYPE-USD+0.050%+0.0100%1h$485K$2.3M20xas long as short
Perpl HYPE+0.051%0.0000%43m$30K$323K10xas long as short
SoDEX HYPE-USD+0.052%+0.0100%1h$2.0M$1.9M10xas long as short
BloFin HYPE-USDT+0.056%+0.0125%4h$17.9M$11.2M75xas long as short
RISEx HYPE/USDC+0.060%+0.0120%1h$2.5M$6.9M20xas long as short
Backpack HYPE_USDC_PERP+0.061%+0.0100%1h$8.0M$8.3M20xas long as short
Coinbase International HYPE-PERP-INTX+0.063%+0.0032%1h$5.0M$5.2M50xas long as short
Kraken Futures PF_HYPEUSD+0.064%−0.0292%1h$16.5M$18.8M50xas long as short
Phemex HYPEUSDT+0.068%−0.0033%8h$12.8M$2.1M50xas long as short
Lighter HYPE+0.068%+0.0096%1h$18.6M$49.0M20xas long as short
Paradex HYPE-USD-PERP+0.076%+0.0091%8h$339K$286K20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.081%0.0000%1h$7.3M$3.8M50xas long as short
Vest HYPE-PERP+0.084%+0.0031%1h—$407K5xas long as short
SunX HYPE-USDT+0.099%+0.0100%4h$28K$1.4M20xas long as short
Nado HYPE-PERP+0.100%+0.0100%1h$5.6M$41.5M10xas long as short
Pacifica HYPE+0.114%+0.0100%1h$11.5M$11.7M20xas long as short
dYdX HYPE-USD+0.126%0.0000%1h$129K$22K5xas long as short
Kalshi KXHYPEPERP+0.132%0.0000%8h$1.6M$3.5M2.3xas long as short
HTX HYPE-USDT+0.240%+0.0132%4h$1.6M$6.0M75xas long as short
Ondo Perps HYPE-USD.P+0.254%+0.0100%1h$711K$895K10xas long as short
Hotstuff HYPE-PERP+0.270%−0.0080%1h$3K$30725xas long as short
edgeX HYPEUSDC+0.272%+0.0021%4h$5.1M$24.3M30xas long as short
Aftermath Perps HYPEUSD+0.277%−0.0034%1h$20K$31K10xas long as short
Hibachi HYPE/USDT-P+0.282%−0.0200%1h$204K$170K7xas long as short
Variational Omni HYPE+0.304%+0.0100%8h$29.9M$48.8M—as long as short
StandX HYPE-USD+0.306%+0.0100%1h$730K$2.1M20xas long as short
ApeX Omni HYPEUSDT+0.316%+0.0100%1h$418K$926K50xas long as short
Bulk HYPE-USD+0.332%+0.0100%1h$215K$10K10xas long as short
Phoenix HYPE+0.447%+0.0152%1h$298K$1.0M10xas long as short