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−$13
spread now+0.014%7d average−0.004%fees + slippage, in and out−$14spread needed0.144%
Long on Lighter RHShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH HYPE94.0010.0096pay 0.0012% / 1h53m 09s$3.1M$11.2M20x
ShortAster HYPEUSDT94.0140.0100get 0.0050% / 4h53m 09s$8.9M$32.8M300x

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
$1.37
Funding while held
$0.12
Slippage, 4 orders
−$6.44
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$12.96
Spread needed to break even
0.144%
Slippage from Lighter RH: live order book, 2 min ago; Aster: live order book, 2 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 RH live order book, 2 min ago0.85 bp0.9 bp −$13.9 bp −$3935.5 bp −$3,549doesn't fit
Sell Aster live order book, 2 min ago1.12 bp5.4 bp −$56.0 bp −$6011.4 bp −$1,143doesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Arcus93.905cheapestExtended93.907+0.002%Bluefin93.926+0.022%KuCoin93.936+0.033%BingX93.944+0.042%GMX93.947+0.045%gTrade (Gains Network)93.950+0.048%Reya93.958+0.057%Bybit93.960+0.059%SoDEX93.967+0.066%Bullet93.971+0.070%Orderly93.972+0.071%Aevo93.974+0.074%BloFin93.977+0.077%Ondo Perps93.980+0.080%Gate93.981+0.081%Bitget93.987+0.087%OKX93.990+0.091%Katana Perps93.990+0.091%Phemex93.994+0.095%Perpl93.998+0.099%Kraken Futures93.998+0.100%Kalshi94.000+0.101%Coinbase International94.000+0.101%Variational Omni94.000+0.102%
Lighter RH94.001+0.102%
Polymarket Perps94.002+0.103%Deribit94.005+0.106%Vest94.005+0.107%Derive94.011+0.113%
Aster94.014+0.116%
Hibachi94.015+0.117%Nado94.016+0.119%Hyperliquid94.018+0.120%Backpack94.019+0.121%dYdX94.027+0.130%MEXC94.028+0.131%Binance94.033+0.136%Popdex94.034+0.137%01 Exchange94.036+0.140%SunX94.046+0.150%Pacifica94.058+0.163%Lighter94.060+0.165%StandX94.062+0.167%ApeX Omni94.077+0.183%edgeX94.078+0.184%RISEx94.081+0.188%Aftermath Perps94.092+0.199%Paradex94.094+0.201%Bulk94.149+0.260%Hotstuff94.154+0.265%HTX94.184+0.297%Phoenix94.250+0.367%Injective94.390+0.516%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Arcus HYPE-USD−0.102%+0.0100%1h$1.2M$4.1M10xas long as short
Extended HYPE-USD−0.100%+0.0104%1h$18.5M$38.8M50xas long as short
Bluefin HYPE-PERP−0.080%+0.0100%1h$69K$191K20xas long as short
KuCoin HYPEUSDTM−0.069%+0.0100%4h$44.6M$19.6M75xas long as short
BingX HYPE-USDT−0.061%−0.0044%4h—$49.6M—as long as short
GMX HYPE/USD [WBTC.b-USDC]−0.058%L +0.0344% / S −0.0160%1h$1.5M—100xas long as short
gTrade (Gains Network) HYPE/USD−0.054%L +0.0002% / S −0.0001%1h$33K—150xas long as short
Reya HYPERUSDPERP−0.045%+0.0220%1h$75K$167K15xas long as short
Bybit HYPEUSDT−0.044%0.0000%8h$326.9M$278.8M75xas long as short
SoDEX HYPE-USD−0.036%+0.0100%1h$2.0M$1.9M10xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bullet HYPE-USD−0.032%+0.0100%1h$112K$581K20xas long as short
Orderly PERP_HYPE_USDC−0.031%−0.0195%4h$171K$415K20xas long as short
Aevo HYPE-PERP−0.028%+0.0104%1h$400K$344K20xas long as short
BloFin HYPE-USDT−0.026%+0.0340%4h$17.9M$11.9M75xas long as short
Ondo Perps HYPE-USD.P−0.022%+0.0100%1h$705K$898K10xas long as short
Gate HYPE_USDT−0.021%+0.0066%4h$44.3M$53.4M75xas long as short
Bitget HYPEUSDT−0.015%+0.0100%4h$233.4M$92.7M75xas long as short
OKX HYPE-USDT-SWAP−0.012%−0.0040%8h$117.8M$301.9M50xas long as short
Katana Perps HYPE-USD−0.012%+0.0099%8h$11K$1.6M10xas long as short
Phemex HYPEUSDT−0.007%+0.0093%8h$12.7M$2.2M50xas long as short
Perpl HYPE−0.003%0.0000%43m$33K$351K10xas long as short
Kraken Futures PF_HYPEUSD−0.003%+0.0606%1h$16.8M$20.6M50xas long as short
Kalshi KXHYPEPERP−0.001%+0.0162%8h$1.7M$4.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX−0.001%+0.0096%1h$5.0M$5.2M50xas long as short
Variational Omni HYPE−0.001%+0.0100%8h$30.4M$51.2M—as long as short
Lighter RH HYPElong0.000%+0.0096%1h$3.1M$11.2M20x
Polymarket Perps HYPE-USD+0.001%+0.0100%1h$465K$2.4M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.004%+0.0240%1h$7.3M$4.5M50xas long as short
Vest HYPE-PERP+0.004%+0.0100%1h—$407K5xas long as short
Derive HYPE-PERP+0.011%+0.0100%1h$16.7M$7.2M10xas long as short
Aster HYPEUSDTshort+0.014%+0.0100%4h$8.9M$32.8M300x
Hibachi HYPE/USDT-P+0.015%−0.0712%1h$202K$178K7xas long as short
Nado HYPE-PERP+0.016%+0.0100%1h$5.7M$42.8M10xas long as short
Hyperliquid HYPE+0.018%+0.0100%1h$2.05B$561.9M10xas long as short
Backpack HYPE_USDC_PERP+0.019%+0.0100%1h$8.2M$8.6M20xas long as short
dYdX HYPE-USD+0.027%+0.0072%1h$128K$23K5xas long as short
MEXC HYPE_USDT+0.029%+0.0100%4h$94.5M$81.5M100xas long as short
Binance HYPEUSDT+0.034%+0.0100%4h$397.5M$783.2M75xas long as short
Popdex HYPEUSDT+0.035%+0.0096%1h$161K$1.1M50xas long as short
01 Exchange HYPEUSD+0.037%+0.0040%1h$84K$299K20xas long as short
SunX HYPE-USDT+0.048%+0.0100%4h$33K$1.5M20xas long as short
Pacifica HYPE+0.061%+0.0100%1h$11.4M$12.0M20xas long as short
Lighter HYPE+0.063%+0.0096%1h$18.8M$53.1M20xas long as short
StandX HYPE-USD+0.065%+0.0100%1h$721K$2.0M20xas long as short
ApeX Omni HYPEUSDT+0.081%+0.0100%1h$429K$951K50xas long as short
edgeX HYPEUSDC+0.081%+0.0101%4h$5.1M$26.2M30xas long as short
RISEx HYPE/USDC+0.085%+0.0500%1h$2.5M$7.2M20xas long as short
Aftermath Perps HYPEUSD+0.096%+0.0098%1h$22K$34K10xas long as short
Paradex HYPE-USD-PERP+0.099%+0.0098%8h$338K$288K20xas long as short
Bulk HYPE-USD+0.157%+0.0100%1h$213K$10K10xas long as short
Hotstuff HYPE-PERP+0.163%−0.0080%1h$3K$30725xas long as short
HTX HYPE-USDT+0.195%+0.0325%4h$1.5M$6.5M75xas long as short
Phoenix HYPE+0.265%+0.0357%1h$295K$1.1M10xas long as short
Injective HYPE/USDC PERP+0.414%+0.1001%1h$24K$319K12xas long as short