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−$14
spread now+0.011%7d average−0.002%fees + slippage, in and out−$15spread needed0.152%
Long on LighterShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter HYPE93.4240.0208pay 0.0026% / 1h3m 27s$18.7M$58.7M20x
ShortDeribit HYPE_USDC-PERPETUAL93.4340.0296get 0.0037% / 1h3m 27s$7.3M$4.6M50x

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
$1.12
Funding while held
$2.64
Slippage, 4 orders
−$8.18
Fee Lighter: 0 bp × 2 orders
$0
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$11.42
Spread needed to break even
0.152%
Slippage from Lighter: live order book, 7 min ago; Deribit: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
+0.0088%
Per $10,000 a day
+$2.64
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 ago0.57 bp0.9 bp −$13.1 bp −$3111.9 bp −$1,19035.3 bp −$17.6K
Sell Deribit live order book, 2 min ago3.31 bp6.8 bp −$713.8 bp −$138doesn't fitdoesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Arcus93.289cheapestdYdX93.290+0.001%Ondo Perps93.300+0.012%Bybit93.301+0.013%Gate93.314+0.027%KuCoin93.321+0.034%Nado93.322+0.035%Extended93.322+0.036%BingX93.323+0.036%Perpl93.330+0.044%Injective93.330+0.044%OKX93.339+0.054%Bitget93.339+0.054%GMX93.339+0.054%Aster93.341+0.056%Pacifica93.342+0.056%MEXC93.347+0.062%Derive93.349+0.064%Binance93.349+0.065%Katana Perps93.350+0.065%Bullet93.354+0.070%Vest93.354+0.070%Popdex93.355+0.071%gTrade (Gains Network)93.357+0.073%Reya93.359+0.075%Bluefin93.362+0.078%Hotstuff93.363+0.079%StandX93.366+0.083%Polymarket Perps93.366+0.083%SoDEX93.377+0.094%Paradex93.377+0.095%Orderly93.378+0.095%Aevo93.380+0.097%Lighter RH93.380+0.098%Hyperliquid93.384+0.102%01 Exchange93.386+0.104%Phemex93.400+0.119%Backpack93.419+0.139%RISEx93.421+0.141%Kraken Futures93.422+0.143%
Lighter93.424+0.144%
Deribit93.434+0.155%
ApeX Omni93.441+0.163%SunX93.450+0.173%Aftermath Perps93.464+0.188%Hibachi93.499+0.225%Kalshi93.506+0.233%BloFin93.507+0.234%Coinbase International93.510+0.237%Variational Omni93.521+0.248%edgeX93.529+0.257%HTX93.558+0.288%Bulk93.560+0.290%Phoenix93.667+0.405%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Arcus HYPE-USD−0.144%+0.0100%1h$1.2M$4.2M10xas long as short
dYdX HYPE-USD−0.143%+0.0083%1h$127K$26K5xas long as short
Ondo Perps HYPE-USD.P−0.132%+0.0100%1h$700K$972K10xas long as short
Bybit HYPEUSDT−0.131%−0.0012%8h$326.8M$284.2M75xas long as short
Gate HYPE_USDT−0.117%+0.0100%4h$44.4M$55.8M75xas long as short
KuCoin HYPEUSDTM−0.110%+0.0100%4h$43.8M$20.1M75xas long as short
Nado HYPE-PERP−0.109%+0.0100%1h$5.7M$42.6M10xas long as short
Extended HYPE-USD−0.108%+0.0104%1h$18.3M$41.9M50xas long as short
BingX HYPE-USDT−0.108%−0.0012%4h—$52.2M—as long as short
Perpl HYPE−0.100%+0.0223%43m$31K$341K10xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective HYPE/USDC PERP−0.100%+0.1001%1h$23K$320K12xas long as short
OKX HYPE-USDT-SWAP−0.090%+0.0025%8h$115.7M$313.4M50xas long as short
Bitget HYPEUSDT−0.090%+0.0100%4h$228.3M$101.0M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.090%L +0.0348% / S −0.0166%1h$1.5M—100xas long as short
Aster HYPEUSDT−0.088%+0.0100%4h$8.9M$35.6M300xas long as short
Pacifica HYPE−0.088%+0.0100%1h$11.3M$12.3M20xas long as short
MEXC HYPE_USDT−0.082%+0.0100%4h$97.3M$87.3M100xas long as short
Derive HYPE-PERP−0.080%+0.0100%1h$16.5M$7.2M10xas long as short
Binance HYPEUSDT−0.079%+0.0100%4h$396.5M$830.2M75xas long as short
Katana Perps HYPE-USD−0.079%+0.0099%8h$39K$1.8M10xas long as short
Bullet HYPE-USD−0.074%+0.0100%1h$112K$577K20xas long as short
Vest HYPE-PERP−0.074%+0.0100%1h—$407K5xas long as short
Popdex HYPEUSDT−0.073%+0.0096%1h$156K$1.1M50xas long as short
gTrade (Gains Network) HYPE/USD−0.071%L +0.0002% / S −0.0001%1h$18K—150xas long as short
Reya HYPERUSDPERP−0.069%+0.0225%1h$73K$166K15xas long as short
Bluefin HYPE-PERP−0.066%+0.0100%1h$73K$194K20xas long as short
Hotstuff HYPE-PERP−0.065%−0.0080%1h$3K$30725xas long as short
StandX HYPE-USD−0.062%+0.0100%1h$706K$2.1M20xas long as short
Polymarket Perps HYPE-USD−0.062%+0.0100%1h$461K$2.4M20xas long as short
SoDEX HYPE-USD−0.050%+0.0100%1h$2.0M$1.9M10xas long as short
Paradex HYPE-USD-PERP−0.050%+0.0134%8h$336K$288K20xas long as short
Orderly PERP_HYPE_USDC−0.049%−0.0086%4h$170K$374K20xas long as short
Aevo HYPE-PERP−0.047%+0.0104%1h$397K$340K20xas long as short
Lighter RH HYPE−0.047%+0.0096%1h$3.2M$12.0M20xas long as short
Hyperliquid HYPE−0.042%+0.0197%1h$2.02B$608.5M10xas long as short
01 Exchange HYPEUSD−0.040%+0.0144%1h$89K$309K20xas long as short
Phemex HYPEUSDT−0.025%+0.0100%8h$12.6M$2.3M50xas long as short
Backpack HYPE_USDC_PERP−0.005%+0.0100%1h$8.3M$9.0M20xas long as short
RISEx HYPE/USDC−0.003%+0.0500%1h$2.5M$7.3M20xas long as short
Kraken Futures PF_HYPEUSD−0.001%+0.0610%1h$16.5M$21.3M50xas long as short
Lighter HYPElong0.000%+0.0208%1h$18.7M$58.7M20x
Deribit HYPE_USDC-PERPETUALshort+0.011%+0.0296%1h$7.3M$4.6M50x
ApeX Omni HYPEUSDT+0.019%+0.0100%1h$426K$959K50xas long as short
SunX HYPE-USDT+0.028%+0.0100%4h$32K$1.6M20xas long as short
Aftermath Perps HYPEUSD+0.043%+0.0237%1h$22K$35K10xas long as short
Hibachi HYPE/USDT-P+0.081%+0.0288%1h$206K$194K7xas long as short
Kalshi KXHYPEPERP+0.088%+0.0124%8h$1.6M$4.5M2.3xas long as short
BloFin HYPE-USDT+0.089%+0.0340%4h$17.8M$12.3M75xas long as short
Coinbase International HYPE-PERP-INTX+0.093%+0.0096%1h$4.9M$5.3M50xas long as short
Variational Omni HYPE+0.104%+0.0100%8h$29.5M$51.3M—as long as short
edgeX HYPEUSDC+0.113%+0.0101%4h$5.1M$28.1M30xas long as short
HTX HYPE-USDT+0.144%+0.0463%4h$1.5M$6.8M75xas long as short
Bulk HYPE-USD+0.146%+0.0100%1h$212K$10K10xas long as short
Phoenix HYPE+0.261%+0.0357%1h$296K$1.1M10xas long as short