Spread before costs (cost unknown: a leg has no order-book sample)−0.055%
7d average—if it closes, per $10,000$6funding while held, a day−$2.85
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 94.026 | 0.0096 | pay 0.0012% / 1h | 41m 05s | $18.6M | $54.5M | 20x |
| Short | gTrade (Gains Network) HYPE/USD | 93.974 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 41m 05s | $33K | — | 150x |
Lighter HYPE
gTrade (Gains Network) HYPE/USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$5.54
- Funding while held
- −$2.85
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$18.39
- Spread needed to break even
- 0.100%
Slippage unknown: Lighter: live order book, 9 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0095%
- Per $10,000 a day
- −$2.85
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 9 min ago | 0.58 bp | 0.6 bp −$1 | 1.6 bp −$16 | 7.7 bp −$769 | 34.2 bp −$17.1K |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HYPE price on every exchange
against the cheapest. Click to use as the short leg.Bybit93.890cheapestBingX93.918+0.030%KuCoin93.921+0.033%Gate93.930+0.043%Derive93.933+0.046%BloFin93.940+0.053%Bluefin93.946+0.060%Kraken Futures93.956+0.070%Aster93.959+0.073%Extended93.964+0.078%Arcus93.964+0.079%SoDEX93.964+0.079%MEXC93.965+0.080%GMX93.967+0.082%Hibachi93.969+0.084%Bitget93.969+0.084%Backpack93.969+0.084%OKX93.973+0.088%Aevo93.973+0.089%
Bybit
BingX
KuCoin
Gate
Derive
BloFin
Bluefin
Kraken Futures
Aster
Extended
Arcus
SoDEX
MEXC
GMX
Hibachi
Bitget
Backpack
OKX
AevogTrade (Gains Network)93.974+0.090%
Bullet93.976+0.092%Phemex93.978+0.094%ApeX Omni93.981+0.097%Lighter RH93.982+0.098%Orderly93.985+0.101%Binance93.986+0.103%Reya93.992+0.108%Nado94.001+0.118%Deribit94.008+0.126%Hyperliquid94.010+0.128%Ondo Perps94.010+0.128%Coinbase International94.010+0.128%Perpl94.010+0.128%Vest94.016+0.134%Polymarket Perps94.019+0.137%Pacifica94.023+0.141%
Bullet
Phemex
ApeX Omni
Lighter RH
Orderly
Binance
Reya
Nado
Deribit
Hyperliquid
Ondo Perps
Coinbase International
Perpl
Vest
Polymarket Perps
PacificaLighter94.026+0.145%
Popdex94.031+0.150%Katana Perps94.040+0.160%Paradex94.044+0.164%SunX94.051+0.171%StandX94.062+0.183%Hotstuff94.067+0.189%edgeX94.073+0.195%01 Exchange94.074+0.196%Kalshi94.077+0.199%Phoenix94.084+0.207%dYdX94.085+0.207%RISEx94.090+0.213%HTX94.172+0.300%Aftermath Perps94.201+0.331%Variational Omni94.354+0.494%Bulk94.492+0.642%Injective94.650+0.809%
Popdex
Katana Perps
Paradex
SunX
StandX
Hotstuff
Phoenix
dYdX
RISEx
HTX
Variational Omni
Bulk
InjectiveHYPE on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.145% | −0.0006% | 8h | $327.3M | $279.3M | 75x | as long as short |
| BingX HYPE-USDT | −0.115% | −0.0030% | 4h | — | $50.0M | — | as long as short |
| KuCoin HYPEUSDTM | −0.112% | +0.0100% | 4h | $44.5M | $19.9M | 75x | as long as short |
| Gate HYPE_USDT | −0.102% | +0.0086% | 4h | $44.4M | $54.0M | 75x | as long as short |
| Derive HYPE-PERP | −0.099% | +0.0100% | 1h | $16.7M | $7.1M | 10x | as long as short |
| BloFin HYPE-USDT | −0.092% | +0.0340% | 4h | $17.8M | $12.0M | 75x | as long as short |
| Bluefin HYPE-PERP | −0.085% | +0.0100% | 1h | $69K | $190K | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | −0.075% | +0.0607% | 1h | $16.8M | $20.8M | 50x | as long as short |
| Aster HYPEUSDT | −0.072% | +0.0100% | 4h | $8.9M | $33.2M | 300x | as long as short |
| Extended HYPE-USD | −0.067% | +0.0104% | 1h | $18.4M | $39.2M | 50x | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.066% | +0.0100% | 1h | $1.2M | $4.1M | 10x | as long as short |
| SoDEX HYPE-USD | −0.066% | +0.0100% | 1h | $2.0M | $1.9M | 10x | as long as short |
| MEXC HYPE_USDT | −0.065% | +0.0100% | 4h | $96.9M | $83.4M | 100x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | −0.063% | L +0.0344% / S −0.0160% | 1h | $1.5M | — | 100x | as long as short |
| Hibachi HYPE/USDT-P | −0.061% | −0.0680% | 1h | $209K | $187K | 7x | as long as short |
| Bitget HYPEUSDT | −0.061% | +0.0100% | 4h | $231.9M | $94.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | −0.061% | +0.0100% | 1h | $8.3M | $8.7M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | −0.057% | −0.0026% | 8h | $118.1M | $304.7M | 50x | as long as short |
| Aevo HYPE-PERP | −0.056% | +0.0104% | 1h | $400K | $347K | 20x | as long as short |
| gTrade (Gains Network) HYPE/USDshort | −0.055% | L +0.0002% / S −0.0001% | 1h | $33K | — | 150x | |
| Bullet HYPE-USD | −0.053% | +0.0100% | 1h | $112K | $579K | 20x | as long as short |
| Phemex HYPEUSDT | −0.051% | +0.0100% | 8h | $12.7M | $2.3M | 50x | as long as short |
| ApeX Omni HYPEUSDT | −0.048% | +0.0100% | 1h | $428K | $952K | 50x | as long as short |
| Lighter RH HYPE | −0.047% | +0.0096% | 1h | $3.1M | $11.3M | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.044% | −0.0166% | 4h | $171K | $391K | 20x | as long as short |
| Binance HYPEUSDT | −0.042% | +0.0100% | 4h | $397.8M | $797.5M | 75x | as long as short |
| Reya HYPERUSDPERP | −0.037% | +0.0221% | 1h | $74K | $168K | 15x | as long as short |
| Nado HYPE-PERP | −0.027% | +0.0100% | 1h | $5.7M | $42.5M | 10x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | −0.019% | +0.0165% | 1h | $7.4M | $4.6M | 50x | as long as short |
| Hyperliquid HYPE | −0.017% | +0.0100% | 1h | $2.05B | $577.5M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.017% | +0.0100% | 1h | $714K | $931K | 10x | as long as short |
| Coinbase International HYPE-PERP-INTX | −0.017% | +0.0096% | 1h | $5.0M | $5.2M | 50x | as long as short |
| Perpl HYPE | −0.017% | 0.0000% | 43m | $33K | $350K | 10x | as long as short |
| Vest HYPE-PERP | −0.011% | +0.0100% | 1h | — | $407K | 5x | as long as short |
| Polymarket Perps HYPE-USD | −0.008% | +0.0100% | 1h | $464K | $2.4M | 20x | as long as short |
| Pacifica HYPE | −0.004% | +0.0100% | 1h | $11.4M | $12.0M | 20x | as long as short |
| Lighter HYPElong | 0.000% | +0.0096% | 1h | $18.6M | $54.5M | 20x | |
| Popdex HYPEUSDT | +0.005% | +0.0096% | 1h | $159K | $1.1M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.015% | +0.0099% | 8h | $41K | $1.7M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.019% | +0.0099% | 8h | $337K | $288K | 20x | as long as short |
| SunX HYPE-USDT | +0.026% | +0.0100% | 4h | $33K | $1.5M | 20x | as long as short |
| StandX HYPE-USD | +0.038% | +0.0100% | 1h | $714K | $2.1M | 20x | as long as short |
| Hotstuff HYPE-PERP | +0.043% | −0.0080% | 1h | $3K | $307 | 25x | as long as short |
| edgeX HYPEUSDC | +0.050% | +0.0101% | 4h | $5.2M | $26.7M | 30x | as long as short |
| 01 Exchange HYPEUSD | +0.051% | +0.0120% | 1h | $85K | $305K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.054% | +0.0159% | 8h | $1.8M | $4.3M | 2.3x | as long as short |
| Phoenix HYPE | +0.061% | +0.0357% | 1h | $294K | $1.1M | 10x | as long as short |
| dYdX HYPE-USD | +0.062% | +0.0069% | 1h | $128K | $24K | 5x | as long as short |
| RISEx HYPE/USDC | +0.067% | +0.0500% | 1h | $2.5M | $7.2M | 20x | as long as short |
| HTX HYPE-USDT | +0.155% | +0.0365% | 4h | $1.5M | $6.6M | 75x | as long as short |
| Aftermath Perps HYPEUSD | +0.186% | +0.0113% | 1h | $22K | $34K | 10x | as long as short |
| Variational Omni HYPE | +0.349% | +0.0100% | 8h | $30.5M | $51.0M | — | as long as short |
| Bulk HYPE-USD | +0.496% | +0.0100% | 1h | $214K | $10K | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.663% | +0.1001% | 1h | $24K | $319K | 12x | as long as short |