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−$9
spread now−0.038%7d average−0.020%fees + slippage, in and out−$8spread needed0.075%
Long on LighterShort on Paradex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter HYPE92.4380.0096pay 0.0012% / 1h6m 45s$18.1M$57.9M20x
ShortParadex HYPE-USD-PERP92.4020.0110get 0.0110% / 8h6h 06m$338K$287K20x

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
−$3.85
Funding while held
$0.43
Slippage, 4 orders
−$3.5
Fee Lighter: 0 bp × 2 orders
$0
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$10.92
Spread needed to break even
0.075%
Slippage from Lighter: live order book, 4 min ago; Paradex: live order book, 34 min ago.

Cost of waiting

funding view
Funding /8h
+0.0014%
Per $10,000 a day
+$0.43
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, 4 min ago0.21 bp0.3 bp $02.1 bp −$2113.6 bp −$1,35846.4 bp −$23.2K
Sell Paradex live order book, 34 min ago1.51 bp3.5 bp −$47.1 bp −$71doesn't fitdoesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps92.240cheapestCoinbase International92.240cheapestHibachi92.263+0.025%Hotstuff92.271+0.034%KuCoin92.290+0.054%Arcus92.292+0.056%Extended92.297+0.062%Bybit92.310+0.076%Gate92.310+0.076%Aster92.312+0.078%BingX92.314+0.080%MEXC92.329+0.096%Binance92.338+0.107%Katana Perps92.340+0.108%Vest92.347+0.116%OKX92.349+0.118%Derive92.350+0.119%Bitget92.353+0.123%Bluefin92.353+0.123%Nado92.355+0.124%Aevo92.356+0.126%SoDEX92.359+0.129%Perpl92.365+0.135%Hyperliquid92.366+0.137%Popdex92.372+0.143%dYdX92.373+0.144%Pacifica92.377+0.149%BloFin92.378+0.150%GMX92.378+0.150%01 Exchange92.382+0.154%StandX92.382+0.154%Phoenix92.382+0.154%Backpack92.384+0.156%Polymarket Perps92.384+0.156%Orderly92.388+0.160%Reya92.389+0.161%Kalshi92.390+0.163%Bullet92.397+0.170%edgeX92.397+0.170%Phemex92.398+0.171%
Paradex92.402+0.176%
ApeX Omni92.403+0.177%gTrade (Gains Network)92.405+0.179%Kraken Futures92.411+0.185%Lighter RH92.412+0.186%SunX92.428+0.204%
Lighter92.438+0.215%
RISEx92.439+0.216%Deribit92.462+0.241%HTX92.500+0.282%Variational Omni92.513+0.296%Aftermath Perps92.539+0.324%Bulk92.796+0.602%Injective93.660+1.539%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps HYPE-USD.P−0.214%+0.0100%1h$696K$976K10xas long as short
Coinbase International HYPE-PERP-INTX−0.214%+0.0200%1h$4.9M$5.2M50xas long as short
Hibachi HYPE/USDT-P−0.190%−0.0944%1h$191K$226K7xas long as short
Hotstuff HYPE-PERP−0.181%−0.0080%1h$3K$30725xas long as short
KuCoin HYPEUSDTM−0.160%+0.0100%4h$45.9M$19.7M75xas long as short
Arcus HYPE-USD−0.158%+0.0100%1h$1.2M$4.0M10xas long as short
Extended HYPE-USD−0.153%+0.0104%1h$18.0M$40.9M50xas long as short
Bybit HYPEUSDT−0.138%+0.0100%8h$324.0M$285.1M75xas long as short
Gate HYPE_USDT−0.138%+0.0100%4h$43.7M$55.1M75xas long as short
Aster HYPEUSDT−0.136%+0.0100%4h$8.8M$35.5M300xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX HYPE-USDT−0.134%+0.0100%4h—$53.8M—as long as short
MEXC HYPE_USDT−0.118%+0.0100%4h$90.8M$84.0M100xas long as short
Binance HYPEUSDT−0.108%+0.0100%4h$385.9M$851.1M75xas long as short
Katana Perps HYPE-USD−0.106%+0.0100%8h$12K$1.8M10xas long as short
Vest HYPE-PERP−0.098%+0.0100%1h—$407K5xas long as short
OKX HYPE-USDT-SWAP−0.096%+0.0100%8h$114.0M$310.0M50xas long as short
Derive HYPE-PERP−0.096%+0.0100%1h$16.2M$7.2M10xas long as short
Bitget HYPEUSDT−0.092%+0.0100%4h$225.3M$100.6M75xas long as short
Bluefin HYPE-PERP−0.092%+0.0100%1h$75K$180K20xas long as short
Nado HYPE-PERP−0.090%+0.0100%1h$6.4M$43.5M10xas long as short
Aevo HYPE-PERP−0.089%+0.0104%1h$393K$335K20xas long as short
SoDEX HYPE-USD−0.085%+0.0100%1h$2.0M$2.0M10xas long as short
Perpl HYPE−0.079%+0.0447%43m$27K$366K10xas long as short
Hyperliquid HYPE−0.078%+0.0793%1h$1.99B$632.8M10xas long as short
Popdex HYPEUSDT−0.071%+0.0096%1h$67K$1.2M50xas long as short
dYdX HYPE-USD−0.070%+0.0007%1h$126K$26K5xas long as short
Pacifica HYPE−0.066%+0.0100%1h$11.2M$12.2M20xas long as short
BloFin HYPE-USDT−0.065%+0.0340%4h$17.4M$11.7M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.065%L +0.0341% / S −0.0166%1h$1.4M—100xas long as short
01 Exchange HYPEUSD−0.061%+0.0088%1h$89K$317K20xas long as short
StandX HYPE-USD−0.061%+0.0100%1h$667K$2.3M20xas long as short
Phoenix HYPE−0.061%+0.0351%1h$219K$984K10xas long as short
Backpack HYPE_USDC_PERP−0.058%+0.0100%1h$8.4M$10.8M20xas long as short
Polymarket Perps HYPE-USD−0.058%+0.0100%1h$467K$2.5M20xas long as short
Orderly PERP_HYPE_USDC−0.054%+0.0097%4h$190K$478K20xas long as short
Reya HYPERUSDPERP−0.053%+0.0238%1h$76K$157K15xas long as short
Kalshi KXHYPEPERP−0.052%+0.0103%8h$1.7M$5.0M2.3xas long as short
Bullet HYPE-USD−0.044%+0.0100%1h$111K$568K20xas long as short
edgeX HYPEUSDC−0.044%+0.0110%4h$5.0M$28.4M30xas long as short
Phemex HYPEUSDT−0.043%+0.0100%8h$12.5M$2.3M50xas long as short
Paradex HYPE-USD-PERPshort−0.038%+0.0110%8h$338K$287K20x
ApeX Omni HYPEUSDT−0.038%+0.0100%1h$421K$931K50xas long as short
gTrade (Gains Network) HYPE/USD−0.036%L +0.0002% / S −0.0001%1h$54K—150xas long as short
Kraken Futures PF_HYPEUSD−0.030%+0.0259%1h$16.1M$20.7M50xas long as short
Lighter RH HYPE−0.028%+0.0096%1h$3.1M$12.3M20xas long as short
SunX HYPE-USDT−0.011%+0.0100%4h$32K$1.6M20xas long as short
Lighter HYPElong0.000%+0.0096%1h$18.1M$57.9M20x
RISEx HYPE/USDC+0.001%+0.0611%1h$2.6M$6.6M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.026%+0.0573%1h$7.3M$4.7M50xas long as short
HTX HYPE-USDT+0.067%+0.0744%4h$1.5M$7.2M75xas long as short
Variational Omni HYPE+0.081%+0.0100%8h$28.7M$48.9M—as long as short
Aftermath Perps HYPEUSD+0.109%+0.0225%1h$22K$30K10xas long as short
Bulk HYPE-USD+0.387%+0.0100%1h$203K$8K10xas long as short
Injective HYPE/USDC PERP+1.322%+0.0082%1h$21K$168K12xas long as short