data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

HYPE

all HYPE markets
SwapFunding view
Alert
My alerts

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−$38
spread now−0.106%7d average−0.055%fees + slippage, in and out−$33spread needed0.330%
Long on Kraken FuturesShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_HYPEUSD92.9490.0410pay 0.0051% / 1h53m 19s$16.4M$20.7M50x
ShortBybit HYPEUSDT92.8500.0100get 0.0100% / 8h7h 53m$325.6M$286.0M75x

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
−$10.62
Funding while held
−$9.31
Slippage, 4 orders
−$11.99
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$52.92
Spread needed to break even
0.330%
Slippage from Kraken Futures: live order book, 2 min ago; Bybit: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0310%
Per $10,000 a day
−$9.31
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 Kraken Futures live order book, 2 min ago2.10 bp9.6 bp −$1014.7 bp −$14721.7 bp −$2,17368.1 bp −$34.0K
Sell Bybit live order book, 2 min ago0.54 bp6.6 bp −$79.3 bp −$9320.2 bp −$2,01842.4 bp −$21.2K

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Injective92.750cheapestKatana Perps92.830+0.086%Arcus92.836+0.093%
Bybit92.850+0.108%
Phemex92.857+0.115%dYdX92.862+0.120%Aster92.871+0.130%GMX92.872+0.131%OKX92.874+0.134%BingX92.875+0.135%Extended92.877+0.137%KuCoin92.878+0.138%Bitget92.878+0.138%Gate92.882+0.142%gTrade (Gains Network)92.882+0.143%Vest92.885+0.145%Backpack92.889+0.150%Nado92.894+0.156%Bluefin92.899+0.161%Coinbase International92.900+0.162%Orderly92.902+0.164%SoDEX92.902+0.164%Pacifica92.905+0.167%Popdex92.908+0.170%MEXC92.909+0.171%Bullet92.910+0.172%Binance92.910+0.173%01 Exchange92.910+0.173%StandX92.912+0.175%Aevo92.916+0.179%Hotstuff92.918+0.181%Polymarket Perps92.922+0.185%Hyperliquid92.925+0.189%Perpl92.926+0.190%Reya92.934+0.199%ApeX Omni92.936+0.201%Hibachi92.940+0.205%Kalshi92.941+0.206%
Kraken Futures92.949+0.214%
Lighter RH92.953+0.219%Paradex92.954+0.220%RISEx92.958+0.224%SunX92.969+0.236%Ondo Perps92.970+0.237%Lighter92.978+0.246%Deribit92.982+0.250%BloFin93.000+0.270%Phoenix93.046+0.319%HTX93.051+0.325%Aftermath Perps93.124+0.403%Variational Omni93.175+0.458%edgeX93.213+0.500%Derive93.220+0.506%Bulk93.230+0.518%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective HYPE/USDC PERP−0.214%+0.0356%1h$23K$256K12xas long as short
Katana Perps HYPE-USD−0.128%+0.0100%8h$29K$1.8M10xas long as short
Arcus HYPE-USD−0.121%+0.0100%1h$1.2M$4.2M10xas long as short
Bybit HYPEUSDTshort−0.106%+0.0100%8h$325.6M$286.0M75x
Phemex HYPEUSDT−0.099%+0.0423%8h$12.6M$2.4M50xas long as short
dYdX HYPE-USD−0.094%+0.0001%1h$126K$26K5xas long as short
Aster HYPEUSDT−0.084%+0.0100%4h$8.8M$35.7M300xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.083%L +0.0349% / S −0.0168%1h$1.5M—100xas long as short
OKX HYPE-USDT-SWAP−0.080%+0.0043%8h$115.2M$313.6M50xas long as short
BingX HYPE-USDT−0.079%+0.0028%4h—$52.4M—as long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended HYPE-USD−0.077%+0.0104%1h$18.2M$42.0M50xas long as short
KuCoin HYPEUSDTM−0.076%+0.0100%4h$43.8M$19.8M75xas long as short
Bitget HYPEUSDT−0.076%+0.0100%4h$227.5M$101.2M75xas long as short
Gate HYPE_USDT−0.072%+0.0100%4h$44.3M$53.1M75xas long as short
gTrade (Gains Network) HYPE/USD−0.072%L +0.0002% / S −0.0001%1h$18K—150xas long as short
Vest HYPE-PERP−0.069%+0.0100%1h—$407K5xas long as short
Backpack HYPE_USDC_PERP−0.064%+0.0100%1h$8.5M$9.3M20xas long as short
Nado HYPE-PERP−0.058%+0.0100%1h$5.5M$42.7M10xas long as short
Bluefin HYPE-PERP−0.053%+0.0100%1h$73K$193K20xas long as short
Coinbase International HYPE-PERP-INTX−0.052%+0.0152%1h$5.0M$5.3M50xas long as short
Orderly PERP_HYPE_USDC−0.050%−0.0062%4h$168K$376K20xas long as short
SoDEX HYPE-USD−0.050%+0.0100%1h$2.0M$1.9M10xas long as short
Pacifica HYPE−0.047%+0.0100%1h$11.3M$12.2M20xas long as short
Popdex HYPEUSDT−0.044%+0.0096%1h$155K$1.1M50xas long as short
MEXC HYPE_USDT−0.043%+0.0100%4h$96.5M$84.3M100xas long as short
Bullet HYPE-USD−0.042%+0.0100%1h$111K$577K20xas long as short
Binance HYPEUSDT−0.042%+0.0100%4h$392.7M$838.0M75xas long as short
01 Exchange HYPEUSD−0.042%+0.0120%1h$90K$322K20xas long as short
StandX HYPE-USD−0.039%+0.0100%1h$703K$2.1M20xas long as short
Aevo HYPE-PERP−0.035%+0.0104%1h$395K$340K20xas long as short
Hotstuff HYPE-PERP−0.033%−0.0080%1h$3K$30725xas long as short
Polymarket Perps HYPE-USD−0.029%+0.0100%1h$455K$2.4M20xas long as short
Hyperliquid HYPE−0.025%+0.0100%1h$2.00B$612.5M10xas long as short
Perpl HYPE−0.024%+0.0223%43m$31K$344K10xas long as short
Reya HYPERUSDPERP−0.015%+0.0226%1h$73K$166K15xas long as short
ApeX Omni HYPEUSDT−0.014%+0.0100%1h$427K$961K50xas long as short
Hibachi HYPE/USDT-P−0.009%+0.0632%1h$205K$195K7xas long as short
Kalshi KXHYPEPERP−0.008%+0.0116%8h$1.7M$4.8M2.3xas long as short
Kraken Futures PF_HYPEUSDlong0.000%+0.0410%1h$16.4M$20.7M50x
Lighter RH HYPE+0.005%+0.0096%1h$3.2M$11.7M20xas long as short
Paradex HYPE-USD-PERP+0.006%+0.0129%8h$336K$288K20xas long as short
RISEx HYPE/USDC+0.010%+0.0620%1h$2.5M$7.3M20xas long as short
SunX HYPE-USDT+0.022%+0.0100%4h$32K$1.6M20xas long as short
Ondo Perps HYPE-USD.P+0.023%+0.0100%1h$698K$973K10xas long as short
Lighter HYPE+0.032%+0.0256%1h$18.6M$55.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.036%+0.0611%1h$7.3M$4.7M50xas long as short
BloFin HYPE-USDT+0.055%+0.0340%4h$17.6M$12.3M75xas long as short
Phoenix HYPE+0.105%+0.0386%1h$294K$1.0M10xas long as short
HTX HYPE-USDT+0.110%+0.0711%4h$1.5M$6.9M75xas long as short
Aftermath Perps HYPEUSD+0.189%+0.0276%1h$22K$35K10xas long as short
Variational Omni HYPE+0.243%+0.0100%8h$29.7M$50.7M—as long as short
edgeX HYPEUSDC+0.285%+0.0119%4h$5.1M$28.2M30xas long as short
Derive HYPE-PERP+0.292%+0.0100%1h$16.5M$7.2M10xas long as short
Bulk HYPE-USD+0.303%+0.0100%1h$211K$10K10xas long as short