data as of
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Price arb /

HYPE

all HYPE markets
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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−$22
spread now+0.019%7d average−0.006%fees + slippage, in and out−$25spread needed0.249%
Long on KuCoinShort on Lighter RH
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPEUSDTM94.2110.0058pay 0.0029% / 4h1h 36m$44.8M$19.5M75x
ShortLighter RH HYPE94.2290.0096get 0.0012% / 1h36m 17s$3.1M$11.0M20x

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
$1.91
Funding while held
$1.14
Slippage, 4 orders
−$12.88
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$21.83
Spread needed to break even
0.249%
Slippage from KuCoin: live order book, 9 min ago; Lighter RH: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0038%
Per $10,000 a day
+$1.14
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, 9 min ago1.01 bp8.5 bp −$815.2 bp −$152doesn't fitdoesn't fit
Sell Lighter RH live order book, 4 min ago0.43 bp0.4 bp $03.1 bp −$3126.3 bp −$2,629doesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni93.962cheapestHibachi94.004+0.044%StandX94.043+0.086%Aftermath Perps94.104+0.151%Hotstuff94.114+0.162%Kalshi94.143+0.193%edgeX94.154+0.204%Arcus94.158+0.209%Ondo Perps94.160+0.211%Katana Perps94.170+0.221%Phoenix94.178+0.230%Phemex94.196+0.249%Vest94.200+0.253%Aevo94.201+0.254%BloFin94.207+0.261%ApeX Omni94.210+0.264%
KuCoin94.211+0.265%
Derive94.211+0.265%Pacifica94.211+0.265%Bybit94.213+0.267%dYdX94.221+0.276%Extended94.222+0.276%GMX94.222+0.277%Aster94.222+0.277%Reya94.225+0.280%
Lighter RH94.229+0.284%
Polymarket Perps94.231+0.286%gTrade (Gains Network)94.241+0.297%Backpack94.241+0.297%Perpl94.241+0.297%Gate94.244+0.300%BingX94.244+0.300%Bluefin94.244+0.300%Nado94.244+0.301%Popdex94.255+0.312%Bitget94.255+0.312%Bulk94.256+0.313%OKX94.256+0.313%MEXC94.256+0.313%Paradex94.258+0.315%Binance94.260+0.317%Orderly94.260+0.317%Bullet94.263+0.320%SoDEX94.263+0.320%Hyperliquid94.268+0.326%Lighter94.273+0.331%RISEx94.278+0.336%Coinbase International94.280+0.338%01 Exchange94.284+0.343%Deribit94.305+0.365%SunX94.315+0.376%Kraken Futures94.317+0.378%HTX94.350+0.413%Injective94.940+1.041%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni HYPE−0.264%+0.0100%8h$30.2M$49.2M—as long as short
Hibachi HYPE/USDT-P−0.220%−0.0136%1h$201K$175K7xas long as short
StandX HYPE-USD−0.178%+0.0100%1h$717K$2.1M20xas long as short
Aftermath Perps HYPEUSD−0.113%0.0000%1h$22K$35K10xas long as short
Hotstuff HYPE-PERP−0.103%−0.0080%1h$3K$30725xas long as short
Kalshi KXHYPEPERP−0.072%+0.0118%8h$1.6M$3.9M2.3xas long as short
edgeX HYPEUSDC−0.061%+0.0050%4h$5.1M$25.3M30xas long as short
Arcus HYPE-USD−0.056%−0.0018%1h$1.2M$4.2M10xas long as short
Ondo Perps HYPE-USD.P−0.054%+0.0100%1h$706K$899K10xas long as short
Katana Perps HYPE-USD−0.044%+0.0099%8h$30K$1.6M10xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix HYPE−0.035%+0.0152%1h$295K$1.0M10xas long as short
Phemex HYPEUSDT−0.016%+0.0006%8h$12.8M$2.2M50xas long as short
Vest HYPE-PERP−0.012%+0.0100%1h—$407K5xas long as short
Aevo HYPE-PERP−0.011%+0.0096%1h$401K$342K20xas long as short
BloFin HYPE-USDT−0.004%+0.0219%4h$17.8M$11.5M75xas long as short
ApeX Omni HYPEUSDT−0.001%+0.0100%1h$415K$935K50xas long as short
KuCoin HYPEUSDTMlong0.000%+0.0058%4h$44.8M$19.5M75x
Derive HYPE-PERP0.000%+0.0100%1h$16.7M$6.9M10xas long as short
Pacifica HYPE0.000%+0.0100%1h$11.4M$11.8M20xas long as short
Bybit HYPEUSDT+0.002%+0.0034%8h$327.7M$274.2M75xas long as short
dYdX HYPE-USD+0.011%0.0000%1h$128K$23K5xas long as short
Extended HYPE-USD+0.011%+0.0104%1h$18.6M$37.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]+0.011%L +0.0346% / S −0.0159%1h$1.5M—100xas long as short
Aster HYPEUSDT+0.012%−0.0034%4h$8.7M$32.1M300xas long as short
Reya HYPERUSDPERP+0.015%+0.0215%1h$74K$217K15xas long as short
Lighter RH HYPEshort+0.019%+0.0096%1h$3.1M$11.0M20x
Polymarket Perps HYPE-USD+0.021%+0.0100%1h$483K$2.3M20xas long as short
gTrade (Gains Network) HYPE/USD+0.032%L +0.0002% / S −0.0001%1h$33K—150xas long as short
Backpack HYPE_USDC_PERP+0.032%+0.0100%1h$8.1M$8.4M20xas long as short
Perpl HYPE+0.032%0.0000%43m$34K$334K10xas long as short
Gate HYPE_USDT+0.035%−0.0050%4h$44.4M$54.4M75xas long as short
BingX HYPE-USDT+0.035%−0.0101%4h—$48.4M—as long as short
Bluefin HYPE-PERP+0.035%+0.0100%1h$70K$195K20xas long as short
Nado HYPE-PERP+0.036%+0.0100%1h$5.6M$42.2M10xas long as short
Popdex HYPEUSDT+0.047%+0.0096%1h$83K$1.0M50xas long as short
Bitget HYPEUSDT+0.047%+0.0100%4h$231.8M$89.8M75xas long as short
Bulk HYPE-USD+0.048%+0.0100%1h$214K$10K10xas long as short
OKX HYPE-USDT-SWAP+0.048%−0.0097%8h$119.6M$290.2M50xas long as short
MEXC HYPE_USDT+0.048%+0.0054%4h$92.3M$80.8M100xas long as short
Paradex HYPE-USD-PERP+0.050%+0.0094%8h$339K$287K20xas long as short
Binance HYPEUSDT+0.052%+0.0055%4h$395.4M$757.2M75xas long as short
Orderly PERP_HYPE_USDC+0.052%−0.0296%4h$169K$401K20xas long as short
Bullet HYPE-USD+0.055%+0.0100%1h$113K$578K20xas long as short
SoDEX HYPE-USD+0.055%+0.0100%1h$2.0M$1.9M10xas long as short
Hyperliquid HYPE+0.061%+0.0100%1h$2.05B$540.1M10xas long as short
Lighter HYPE+0.065%+0.0096%1h$18.8M$51.6M20xas long as short
RISEx HYPE/USDC+0.071%+0.0120%1h$2.5M$7.2M20xas long as short
Coinbase International HYPE-PERP-INTX+0.073%+0.0032%1h$5.0M$5.1M50xas long as short
01 Exchange HYPEUSD+0.077%+0.0120%1h$84K$285K20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.100%+0.0121%1h$7.3M$4.4M50xas long as short
SunX HYPE-USDT+0.110%+0.0100%4h$29K$1.4M20xas long as short
Kraken Futures PF_HYPEUSD+0.113%−0.0293%1h$16.9M$20.3M50xas long as short
HTX HYPE-USDT+0.148%+0.0185%4h$1.5M$6.4M75xas long as short
Injective HYPE/USDC PERP+0.774%+0.0375%1h$24K$259K12xas long as short