data as of
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Price arb /

HYPE

all HYPE markets
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Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average−0.208%if it closes, per $10,000$0funding while held, a day−$7.68
Long on InjectiveShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective HYPE/USDC PERP93.2400.0356pay 0.0044% / 1h26m 54s$23K$256K12x
ShortGate HYPE_USDT93.2400.0100get 0.0050% / 4h3h 26m$44.1M$54.6M75x

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
Funding while held
−$7.68
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$22.7
Spread needed to break even
0.150%
Slippage unknown: Injective: live order book, 19 min ago; Gate: live order book, 3 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0256%
Per $10,000 a day
−$7.68
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, 19 min ago12.36 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 3 min ago1.02 bp10.5 bp −$1016.8 bp −$16832.0 bp −$3,19653.8 bp −$26.9K

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni92.740cheapestBulk92.844+0.112%edgeX92.856+0.125%Aftermath Perps93.036+0.319%ApeX Omni93.086+0.373%Hibachi93.154+0.446%StandX93.232+0.530%KuCoin93.239+0.538%
Gate93.240+0.539%
Injective93.240+0.539%
Bitget93.243+0.542%Phoenix93.244+0.543%Bybit93.252+0.552%BingX93.257+0.557%Extended93.260+0.561%Hotstuff93.263+0.564%MEXC93.264+0.565%OKX93.280+0.582%Binance93.285+0.588%Aster93.317+0.622%Phemex93.318+0.623%Vest93.331+0.637%BloFin93.340+0.647%dYdX93.359+0.668%SoDEX93.365+0.674%Derive93.366+0.674%Arcus93.375+0.685%Backpack93.377+0.687%Ondo Perps93.380+0.690%Hyperliquid93.386+0.696%Lighter RH93.386+0.696%GMX93.390+0.700%Aevo93.393+0.704%Pacifica93.401+0.713%Bluefin93.403+0.715%Popdex93.413+0.726%Kraken Futures93.417+0.729%Katana Perps93.420+0.733%gTrade (Gains Network)93.420+0.733%Orderly93.422+0.735%Bullet93.426+0.740%Polymarket Perps93.427+0.741%Lighter93.430+0.744%Nado93.430+0.744%Reya93.433+0.748%01 Exchange93.441+0.756%Perpl93.446+0.761%Paradex93.450+0.766%Kalshi93.452+0.768%SunX93.458+0.774%Deribit93.461+0.777%RISEx93.478+0.796%Coinbase International93.480+0.798%HTX93.581+0.907%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni HYPE−0.536%+0.0100%8h$28.8M$51.1M—as long as short
Bulk HYPE-USD−0.425%+0.0100%1h$210K$10K10xas long as short
edgeX HYPEUSDC−0.412%+0.0104%4h$5.1M$28.8M30xas long as short
Aftermath Perps HYPEUSD−0.219%+0.0295%1h$22K$34K10xas long as short
ApeX Omni HYPEUSDT−0.165%+0.0100%1h$428K$930K50xas long as short
Hibachi HYPE/USDT-P−0.093%+0.0280%1h$194K$231K7xas long as short
StandX HYPE-USD−0.009%+0.0100%1h$672K$2.2M20xas long as short
KuCoin HYPEUSDTM−0.001%+0.0100%4h$44.9M$19.9M75xas long as short
Gate HYPE_USDTshort0.000%+0.0100%4h$44.1M$54.6M75x
Injective HYPE/USDC PERPlong0.000%+0.0356%1h$23K$256K12x
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget HYPEUSDT+0.003%+0.0100%4h$228.7M$101.9M75xas long as short
Phoenix HYPE+0.004%+0.0386%1h$294K$1.0M10xas long as short
Bybit HYPEUSDT+0.013%+0.0100%8h$326.0M$286.7M75xas long as short
BingX HYPE-USDT+0.018%+0.0100%4h—$52.9M—as long as short
Extended HYPE-USD+0.022%+0.0104%1h$18.2M$42.3M50xas long as short
Hotstuff HYPE-PERP+0.025%−0.0080%1h$3K$30725xas long as short
MEXC HYPE_USDT+0.026%+0.0100%4h$90.8M$87.9M100xas long as short
OKX HYPE-USDT-SWAP+0.043%+0.0081%8h$114.5M$315.1M50xas long as short
Binance HYPEUSDT+0.048%+0.0100%4h$391.7M$853.8M75xas long as short
Aster HYPEUSDT+0.083%+0.0100%4h$8.9M$35.6M300xas long as short
Phemex HYPEUSDT+0.084%−0.0026%8h$12.6M$2.4M50xas long as short
Vest HYPE-PERP+0.097%+0.0100%1h—$407K5xas long as short
BloFin HYPE-USDT+0.107%+0.0340%4h$17.5M$12.0M75xas long as short
dYdX HYPE-USD+0.128%+0.0046%1h$127K$26K5xas long as short
SoDEX HYPE-USD+0.134%+0.0100%1h$2.0M$2.0M10xas long as short
Derive HYPE-PERP+0.135%+0.0100%1h$16.5M$7.3M10xas long as short
Arcus HYPE-USD+0.145%+0.0100%1h$1.2M$4.2M10xas long as short
Backpack HYPE_USDC_PERP+0.147%+0.0100%1h$8.3M$10.1M20xas long as short
Ondo Perps HYPE-USD.P+0.150%+0.0100%1h$697K$989K10xas long as short
Hyperliquid HYPE+0.156%+0.0190%1h$2.02B$630.2M10xas long as short
Lighter RH HYPE+0.157%+0.0096%1h$3.2M$12.1M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]+0.160%L +0.0354% / S −0.0175%1h$1.5M—100xas long as short
Aevo HYPE-PERP+0.164%+0.0104%1h$397K$340K20xas long as short
Pacifica HYPE+0.173%+0.0100%1h$11.3M$12.4M20xas long as short
Bluefin HYPE-PERP+0.175%+0.4508%1h$73K$188K20xas long as short
Popdex HYPEUSDT+0.186%+0.0096%1h$134K$1.2M50xas long as short
Kraken Futures PF_HYPEUSD+0.189%+0.0408%1h$16.4M$20.8M50xas long as short
Katana Perps HYPE-USD+0.193%+0.0100%8h$41K$1.8M10xas long as short
gTrade (Gains Network) HYPE/USD+0.193%L +0.0002% / S −0.0001%1h$55K—150xas long as short
Orderly PERP_HYPE_USDC+0.195%−0.0011%4h$170K$381K20xas long as short
Bullet HYPE-USD+0.199%+0.0100%1h$112K$579K20xas long as short
Polymarket Perps HYPE-USD+0.201%+0.0100%1h$461K$2.4M20xas long as short
Lighter HYPE+0.204%+0.0192%1h$18.4M$57.6M20xas long as short
Nado HYPE-PERP+0.204%+0.0100%1h$5.5M$43.0M10xas long as short
Reya HYPERUSDPERP+0.207%+0.0229%1h$73K$159K15xas long as short
01 Exchange HYPEUSD+0.216%+0.0160%1h$91K$321K20xas long as short
Perpl HYPE+0.221%+0.0112%43m$31K$350K10xas long as short
Paradex HYPE-USD-PERP+0.226%+0.0126%8h$339K$288K20xas long as short
Kalshi KXHYPEPERP+0.227%+0.0122%8h$1.7M$4.8M2.3xas long as short
SunX HYPE-USDT+0.234%+0.0100%4h$32K$1.6M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.237%+0.0200%1h$7.4M$4.8M50xas long as short
RISEx HYPE/USDC+0.255%+0.0620%1h$2.6M$7.3M20xas long as short
Coinbase International HYPE-PERP-INTX+0.257%+0.0152%1h$5.0M$5.5M50xas long as short
HTX HYPE-USDT+0.366%+0.0805%4h$1.5M$7.0M75xas long as short