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)+0.338%
7d average+0.177%if it closes, per $10,000$34funding while held, a day+$27.04
Long on KuCoinShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPEUSDTM94.0720.0100pay 0.0050% / 4h54m 41s$44.6M$19.6M75x
ShortInjective HYPE/USDC PERP94.3900.1001get 0.0125% / 1h54m 41s$24K$319K12x

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
$33.8
Funding while held
$27.04
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$48.83
Spread needed to break even
0.120%
Slippage unknown: KuCoin: live order book, 11 min ago; Injective: live order book, 61 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0901%
Per $10,000 a day
+$27.04
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 KuCoin live order book, 11 min ago0.85 bp11.2 bp −$1119.6 bp −$196doesn't fitdoesn't fit
Sell Injective live order book, 61 min ago24.81 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Reya93.987cheapestGMX93.997+0.011%Katana Perps94.000+0.014%Variational Omni94.000+0.015%Perpl94.003+0.017%Derive94.009+0.023%Bybit94.014+0.029%Bullet94.014+0.030%Arcus94.016+0.031%ApeX Omni94.020+0.035%dYdX94.027+0.043%Polymarket Perps94.029+0.045%gTrade (Gains Network)94.030+0.046%edgeX94.042+0.059%Phemex94.043+0.060%Extended94.045+0.062%BloFin94.048+0.065%Bluefin94.054+0.072%Vest94.057+0.075%Bitget94.059+0.077%Gate94.061+0.079%Nado94.063+0.081%Backpack94.065+0.083%Orderly94.065+0.083%BingX94.068+0.087%OKX94.069+0.088%SoDEX94.069+0.088%Ondo Perps94.070+0.089%Popdex94.071+0.090%
KuCoin94.072+0.091%
SunX94.075+0.094%Hibachi94.075+0.094%Pacifica94.076+0.095%Aevo94.079+0.098%MEXC94.083+0.103%01 Exchange94.084+0.104%Kraken Futures94.094+0.114%Binance94.098+0.118%Aftermath Perps94.101+0.122%Lighter RH94.103+0.124%Aster94.106+0.127%Hyperliquid94.107+0.128%Kalshi94.110+0.131%Paradex94.119+0.141%Deribit94.123+0.145%Lighter94.135+0.157%StandX94.136+0.159%RISEx94.139+0.162%Bulk94.149+0.173%Coinbase International94.150+0.174%Hotstuff94.154+0.178%HTX94.200+0.227%Phoenix94.250+0.280%
Injective94.390+0.429%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya HYPERUSDPERP−0.091%+0.0219%1h$74K$165K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.080%L +0.0345% / S −0.0160%1h$1.5M—100xas long as short
Katana Perps HYPE-USD−0.077%+0.0099%8h$11K$1.6M10xas long as short
Variational Omni HYPE−0.076%+0.0100%8h$30.4M$51.2M—as long as short
Perpl HYPE−0.074%0.0000%43m$33K$349K10xas long as short
Derive HYPE-PERP−0.067%+0.0100%1h$16.7M$7.2M10xas long as short
Bybit HYPEUSDT−0.062%0.0000%8h$327.2M$278.7M75xas long as short
Bullet HYPE-USD−0.061%+0.0100%1h$112K$581K20xas long as short
Arcus HYPE-USD−0.060%+0.0100%1h$1.2M$4.1M10xas long as short
ApeX Omni HYPEUSDT−0.055%+0.0051%1h$429K$951K50xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX HYPE-USD−0.048%+0.0064%1h$128K$23K5xas long as short
Polymarket Perps HYPE-USD−0.046%+0.0100%1h$465K$2.4M20xas long as short
gTrade (Gains Network) HYPE/USD−0.045%L +0.0002% / S −0.0001%1h$33K—150xas long as short
edgeX HYPEUSDC−0.032%+0.0107%4h$5.1M$26.2M30xas long as short
Phemex HYPEUSDT−0.031%+0.0088%8h$12.7M$2.2M50xas long as short
Extended HYPE-USD−0.029%+0.0104%1h$18.5M$38.8M50xas long as short
BloFin HYPE-USDT−0.026%+0.0340%4h$17.8M$11.9M75xas long as short
Bluefin HYPE-PERP−0.019%+0.0100%1h$69K$191K20xas long as short
Vest HYPE-PERP−0.016%+0.0100%1h—$407K5xas long as short
Bitget HYPEUSDT−0.014%+0.0100%4h$233.6M$92.7M75xas long as short
Gate HYPE_USDT−0.012%+0.0064%4h$44.3M$53.4M75xas long as short
Nado HYPE-PERP−0.010%+0.0100%1h$5.7M$42.9M10xas long as short
Backpack HYPE_USDC_PERP−0.007%+0.0100%1h$8.2M$8.6M20xas long as short
Orderly PERP_HYPE_USDC−0.007%−0.0200%4h$171K$413K20xas long as short
BingX HYPE-USDT−0.004%−0.0044%4h—$49.7M—as long as short
OKX HYPE-USDT-SWAP−0.003%−0.0042%8h$117.8M$302.3M50xas long as short
SoDEX HYPE-USD−0.003%+0.0100%1h$2.0M$1.9M10xas long as short
Ondo Perps HYPE-USD.P−0.002%+0.0100%1h$705K$899K10xas long as short
Popdex HYPEUSDT−0.001%+0.0096%1h$161K$1.1M50xas long as short
KuCoin HYPEUSDTMlong0.000%+0.0100%4h$44.6M$19.6M75x
SunX HYPE-USDT+0.003%+0.0100%4h$32K$1.5M20xas long as short
Hibachi HYPE/USDT-P+0.003%−0.0696%1h$203K$178K7xas long as short
Pacifica HYPE+0.004%+0.0100%1h$11.4M$12.0M20xas long as short
Aevo HYPE-PERP+0.008%+0.0104%1h$400K$344K20xas long as short
MEXC HYPE_USDT+0.012%+0.0100%4h$94.5M$81.5M100xas long as short
01 Exchange HYPEUSD+0.013%+0.0040%1h$84K$299K20xas long as short
Kraken Futures PF_HYPEUSD+0.023%+0.0606%1h$16.8M$20.7M50xas long as short
Binance HYPEUSDT+0.027%+0.0100%4h$397.8M$783.4M75xas long as short
Aftermath Perps HYPEUSD+0.031%+0.0100%1h$22K$34K10xas long as short
Lighter RH HYPE+0.033%+0.0096%1h$3.1M$11.2M20xas long as short
Aster HYPEUSDT+0.036%+0.0100%4h$8.9M$32.8M300xas long as short
Hyperliquid HYPE+0.037%+0.0100%1h$2.05B$561.3M10xas long as short
Kalshi KXHYPEPERP+0.040%+0.0161%8h$1.7M$4.1M2.3xas long as short
Paradex HYPE-USD-PERP+0.050%+0.0098%8h$338K$288K20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.054%+0.0260%1h$7.3M$4.5M50xas long as short
Lighter HYPE+0.066%+0.0096%1h$18.9M$53.1M20xas long as short
StandX HYPE-USD+0.068%+0.0100%1h$722K$2.0M20xas long as short
RISEx HYPE/USDC+0.071%+0.0500%1h$2.5M$7.2M20xas long as short
Bulk HYPE-USD+0.082%+0.0100%1h$213K$10K10xas long as short
Coinbase International HYPE-PERP-INTX+0.083%+0.0096%1h$5.0M$5.2M50xas long as short
Hotstuff HYPE-PERP+0.087%−0.0080%1h$3K$30725xas long as short
HTX HYPE-USDT+0.136%+0.0319%4h$1.5M$6.5M75xas long as short
Phoenix HYPE+0.189%+0.0357%1h$297K$1.1M10xas long as short
Injective HYPE/USDC PERPshort+0.338%+0.1001%1h$24K$319K12x