data as of
Settings8H · net · $10k
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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−$45
spread now−0.088%7d average−0.044%fees + slippage, in and out−$41spread needed0.408%
Long on LighterShort on Bluefin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter HYPE94.0020.0096pay 0.0012% / 1h38m 52s$18.7M$54.8M20x
ShortBluefin HYPE-PERP93.9190.0100get 0.0013% / 1h38m 52s$69K$190K20x

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
−$8.79
Funding while held
$0.12
Slippage, 4 orders
−$33.8
Fee Lighter: 0 bp × 2 orders
$0
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$49.46
Spread needed to break even
0.408%
Slippage from Lighter: live order book, 7 min ago; Bluefin: live order book, 12 min ago.

Cost of waiting

funding view
Funding /8h
+0.0004%
Per $10,000 a day
+$0.12
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 Lighter live order book, 7 min ago0.00 bp1.8 bp −$24.0 bp −$4012.3 bp −$1,23239.0 bp −$19.5K
Sell Bluefin live order book, 12 min ago6.84 bp20.2 bp −$20doesn't fitdoesn't fitdoesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Bybit93.860cheapestArcus93.871+0.012%KuCoin93.874+0.015%BingX93.879+0.020%Katana Perps93.880+0.021%Extended93.883+0.025%Bitget93.894+0.036%Gate93.896+0.038%OKX93.897+0.039%BloFin93.898+0.040%Nado93.906+0.048%Derive93.910+0.053%
Bluefin93.919+0.063%
Ondo Perps93.920+0.064%Aster93.920+0.064%Reya93.922+0.066%Perpl93.924+0.068%MEXC93.928+0.072%SoDEX93.930+0.075%Binance93.931+0.076%Vest93.932+0.077%Phemex93.933+0.078%Backpack93.934+0.079%GMX93.939+0.084%Polymarket Perps93.942+0.087%Popdex93.945+0.091%Lighter RH93.947+0.093%Pacifica93.951+0.097%gTrade (Gains Network)93.955+0.102%Aevo93.957+0.103%Kraken Futures93.957+0.103%01 Exchange93.963+0.110%Kalshi93.963+0.110%Orderly93.963+0.110%Bullet93.967+0.114%Coinbase International93.970+0.117%Hyperliquid93.974+0.121%Paradex93.977+0.125%ApeX Omni93.981+0.129%dYdX93.984+0.132%RISEx93.986+0.134%Hotstuff93.989+0.137%Deribit93.999+0.148%
Lighter94.002+0.151%
edgeX94.016+0.167%Variational Omni94.026+0.177%Hibachi94.029+0.180%StandX94.036+0.188%SunX94.043+0.195%Phoenix94.094+0.249%Aftermath Perps94.120+0.277%HTX94.150+0.309%Bulk94.492+0.674%Injective94.650+0.842%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit HYPEUSDT−0.151%−0.0007%8h$327.1M$279.6M75xas long as short
Arcus HYPE-USD−0.139%+0.0100%1h$1.2M$4.1M10xas long as short
KuCoin HYPEUSDTM−0.136%+0.0100%4h$44.4M$19.9M75xas long as short
BingX HYPE-USDT−0.130%−0.0030%4h—$50.1M—as long as short
Katana Perps HYPE-USD−0.129%+0.0099%8h$41K$1.7M10xas long as short
Extended HYPE-USD−0.126%+0.0104%1h$18.5M$39.3M50xas long as short
Bitget HYPEUSDT−0.114%+0.0100%4h$231.9M$94.7M75xas long as short
Gate HYPE_USDT−0.112%+0.0084%4h$44.4M$54.1M75xas long as short
OKX HYPE-USDT-SWAP−0.111%−0.0024%8h$118.2M$305.0M50xas long as short
BloFin HYPE-USDT−0.110%+0.0340%4h$18.0M$12.0M75xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado HYPE-PERP−0.102%+0.0100%1h$5.7M$42.5M10xas long as short
Derive HYPE-PERP−0.098%+0.0100%1h$16.7M$7.1M10xas long as short
Bluefin HYPE-PERPshort−0.088%+0.0100%1h$69K$190K20x
Ondo Perps HYPE-USD.P−0.087%+0.0100%1h$714K$931K10xas long as short
Aster HYPEUSDT−0.086%+0.0100%4h$8.9M$33.3M300xas long as short
Reya HYPERUSDPERP−0.085%+0.0221%1h$74K$168K15xas long as short
Perpl HYPE−0.083%0.0000%43m$33K$349K10xas long as short
MEXC HYPE_USDT−0.078%+0.0100%4h$97.1M$83.7M100xas long as short
SoDEX HYPE-USD−0.076%+0.0100%1h$2.0M$1.9M10xas long as short
Binance HYPEUSDT−0.075%+0.0100%4h$397.8M$798.8M75xas long as short
Vest HYPE-PERP−0.074%+0.0100%1h—$407K5xas long as short
Phemex HYPEUSDT−0.073%+0.0100%8h$12.7M$2.3M50xas long as short
Backpack HYPE_USDC_PERP−0.072%+0.0100%1h$8.3M$8.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.067%L +0.0344% / S −0.0160%1h$1.5M—100xas long as short
Polymarket Perps HYPE-USD−0.063%+0.0100%1h$464K$2.4M20xas long as short
Popdex HYPEUSDT−0.060%+0.0096%1h$158K$1.1M50xas long as short
Lighter RH HYPE−0.058%+0.0096%1h$3.0M$11.4M20xas long as short
Pacifica HYPE−0.053%+0.0100%1h$11.5M$12.1M20xas long as short
gTrade (Gains Network) HYPE/USD−0.049%L +0.0002% / S −0.0001%1h$33K—150xas long as short
Aevo HYPE-PERP−0.048%+0.0104%1h$400K$343K20xas long as short
Kraken Futures PF_HYPEUSD−0.047%+0.0607%1h$16.8M$20.8M50xas long as short
01 Exchange HYPEUSD−0.041%+0.0128%1h$84K$311K20xas long as short
Kalshi KXHYPEPERP−0.041%+0.0155%8h$1.8M$4.3M2.3xas long as short
Orderly PERP_HYPE_USDC−0.041%−0.0161%4h$171K$389K20xas long as short
Bullet HYPE-USD−0.037%+0.0100%1h$112K$579K20xas long as short
Coinbase International HYPE-PERP-INTX−0.034%+0.0096%1h$5.0M$5.2M50xas long as short
Hyperliquid HYPE−0.029%+0.0100%1h$2.05B$577.0M10xas long as short
Paradex HYPE-USD-PERP−0.026%+0.0099%8h$337K$288K20xas long as short
ApeX Omni HYPEUSDT−0.022%+0.0100%1h$428K$952K50xas long as short
dYdX HYPE-USD−0.019%+0.0063%1h$128K$24K5xas long as short
RISEx HYPE/USDC−0.017%+0.0500%1h$2.5M$7.2M20xas long as short
Hotstuff HYPE-PERP−0.013%−0.0080%1h$3K$30725xas long as short
Deribit HYPE_USDC-PERPETUAL−0.003%+0.0176%1h$7.4M$4.6M50xas long as short
Lighter HYPElong0.000%+0.0096%1h$18.7M$54.8M20x
edgeX HYPEUSDC+0.016%+0.0102%4h$5.2M$26.8M30xas long as short
Variational Omni HYPE+0.026%+0.0100%8h$30.3M$51.2M—as long as short
Hibachi HYPE/USDT-P+0.029%−0.0656%1h$207K$188K7xas long as short
StandX HYPE-USD+0.037%+0.0100%1h$714K$2.1M20xas long as short
SunX HYPE-USDT+0.044%+0.0100%4h$32K$1.5M20xas long as short
Phoenix HYPE+0.098%+0.0357%1h$294K$1.1M10xas long as short
Aftermath Perps HYPEUSD+0.126%+0.0127%1h$22K$34K10xas long as short
HTX HYPE-USDT+0.158%+0.0370%4h$1.5M$6.6M75xas long as short
Bulk HYPE-USD+0.522%+0.0100%1h$214K$10K10xas long as short
Injective HYPE/USDC PERP+0.690%+0.1001%1h$24K$319K12xas long as short