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+$7
spread now+0.286%7d average+0.029%fees + slippage, in and out−$19spread needed0.189%
Long on MEXCShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HYPE_USDT94.0340.0100pay 0.0050% / 4h43m 32s$97.3M$83.1M100x
ShortDeribit HYPE_USDC-PERPETUAL94.3030.0153get 0.0019% / 1h43m 32s$7.4M$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
$28.61
Funding while held
$1.59
Slippage, 4 orders
−$7.9
Fee MEXC: 2 bp × 2 orders
−$4
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$11.3
Spread needed to break even
0.189%
Slippage from MEXC: live order book, 2 min ago; Deribit: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
+0.0053%
Per $10,000 a day
+$1.59
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 MEXC live order book, 2 min ago0.05 bp2.2 bp −$25.7 bp −$5711.5 bp −$1,15432.4 bp −$16.2K
Sell Deribit live order book, 2 min ago1.48 bp7.5 bp −$713.4 bp −$134doesn't fitdoesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Bybit93.930cheapestKatana Perps93.960+0.032%Arcus93.972+0.045%OKX93.975+0.048%Extended93.976+0.049%BingX93.993+0.067%Reya93.994+0.068%Bitget93.994+0.068%Polymarket Perps94.010+0.085%Perpl94.010+0.085%KuCoin94.021+0.097%gTrade (Gains Network)94.026+0.102%Bullet94.033+0.110%
MEXC94.034+0.111%
Popdex94.038+0.115%Binance94.044+0.121%dYdX94.046+0.124%Vest94.056+0.135%Gate94.063+0.142%Paradex94.065+0.144%Hyperliquid94.070+0.149%01 Exchange94.077+0.156%RISEx94.084+0.163%Aster94.112+0.193%Pacifica94.122+0.204%Lighter RH94.139+0.223%Lighter94.178+0.264%Derive94.199+0.287%Nado94.216+0.305%Bluefin94.226+0.315%Ondo Perps94.230+0.319%Phemex94.255+0.346%GMX94.255+0.346%SoDEX94.258+0.349%Aevo94.258+0.349%Backpack94.259+0.350%Orderly94.264+0.356%Coinbase International94.290+0.383%Aftermath Perps94.290+0.384%StandX94.296+0.390%Kraken Futures94.298+0.392%
Deribit94.303+0.397%
Kalshi94.332+0.428%Hibachi94.332+0.428%SunX94.353+0.450%Variational Omni94.354+0.452%ApeX Omni94.379+0.478%HTX94.404+0.505%BloFin94.408+0.509%edgeX94.422+0.524%Hotstuff94.448+0.551%Bulk94.492+0.599%Phoenix94.517+0.625%Injective94.650+0.767%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit HYPEUSDT−0.111%−0.0005%8h$327.4M$278.2M75xas long as short
Katana Perps HYPE-USD−0.079%+0.0099%8h$9K$1.6M10xas long as short
Arcus HYPE-USD−0.066%+0.0100%1h$1.2M$4.1M10xas long as short
OKX HYPE-USDT-SWAP−0.063%−0.0030%8h$118.3M$304.0M50xas long as short
Extended HYPE-USD−0.062%+0.0104%1h$18.5M$39.2M50xas long as short
BingX HYPE-USDT−0.044%−0.0032%4h—$49.8M—as long as short
Reya HYPERUSDPERP−0.043%+0.0221%1h$74K$168K15xas long as short
Bitget HYPEUSDT−0.043%+0.0100%4h$232.1M$94.4M75xas long as short
Polymarket Perps HYPE-USD−0.026%+0.0100%1h$465K$2.4M20xas long as short
Perpl HYPE−0.025%0.0000%43m$33K$350K10xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin HYPEUSDTM−0.014%+0.0100%4h$44.6M$19.8M75xas long as short
gTrade (Gains Network) HYPE/USD−0.009%L +0.0002% / S −0.0001%1h$33K—150xas long as short
Bullet HYPE-USD−0.001%+0.0100%1h$112K$579K20xas long as short
MEXC HYPE_USDTlong0.000%+0.0100%4h$97.3M$83.1M100x
Popdex HYPEUSDT+0.004%+0.0096%1h$158K$1.1M50xas long as short
Binance HYPEUSDT+0.010%+0.0100%4h$398.0M$792.3M75xas long as short
dYdX HYPE-USD+0.013%+0.0078%1h$128K$24K5xas long as short
Vest HYPE-PERP+0.024%+0.0100%1h—$407K5xas long as short
Gate HYPE_USDT+0.031%+0.0084%4h$44.4M$53.8M75xas long as short
Paradex HYPE-USD-PERP+0.033%+0.0099%8h$338K$288K20xas long as short
Hyperliquid HYPE+0.038%+0.0100%1h$2.05B$576.1M10xas long as short
01 Exchange HYPEUSD+0.046%+0.0112%1h$84K$305K20xas long as short
RISEx HYPE/USDC+0.053%+0.0500%1h$2.5M$7.2M20xas long as short
Aster HYPEUSDT+0.083%+0.0100%4h$8.9M$33.1M300xas long as short
Pacifica HYPE+0.093%+0.0100%1h$11.4M$12.0M20xas long as short
Lighter RH HYPE+0.112%+0.0096%1h$3.1M$11.3M20xas long as short
Lighter HYPE+0.153%+0.0096%1h$18.6M$54.4M20xas long as short
Derive HYPE-PERP+0.176%+0.0100%1h$16.7M$7.1M10xas long as short
Nado HYPE-PERP+0.194%+0.0100%1h$5.7M$42.6M10xas long as short
Bluefin HYPE-PERP+0.204%+0.0100%1h$70K$190K20xas long as short
Ondo Perps HYPE-USD.P+0.208%+0.0100%1h$707K$915K10xas long as short
Phemex HYPEUSDT+0.235%+0.0100%8h$12.8M$2.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]+0.235%L +0.0344% / S −0.0160%1h$1.5M—100xas long as short
SoDEX HYPE-USD+0.238%+0.0100%1h$2.0M$1.9M10xas long as short
Aevo HYPE-PERP+0.238%+0.0104%1h$401K$347K20xas long as short
Backpack HYPE_USDC_PERP+0.239%+0.0100%1h$8.2M$8.7M20xas long as short
Orderly PERP_HYPE_USDC+0.245%−0.0172%4h$172K$393K20xas long as short
Coinbase International HYPE-PERP-INTX+0.272%+0.0096%1h$5.0M$5.2M50xas long as short
Aftermath Perps HYPEUSD+0.273%+0.0114%1h$22K$35K10xas long as short
StandX HYPE-USD+0.279%+0.0100%1h$716K$2.1M20xas long as short
Kraken Futures PF_HYPEUSD+0.280%+0.0605%1h$16.9M$20.8M50xas long as short
Deribit HYPE_USDC-PERPETUALshort+0.286%+0.0153%1h$7.4M$4.6M50x
Kalshi KXHYPEPERP+0.317%+0.0163%8h$1.7M$4.2M2.3xas long as short
Hibachi HYPE/USDT-P+0.317%−0.0712%1h$208K$183K7xas long as short
SunX HYPE-USDT+0.339%+0.0100%4h$32K$1.5M20xas long as short
Variational Omni HYPE+0.340%+0.0100%8h$30.5M$51.0M—as long as short
ApeX Omni HYPEUSDT+0.367%+0.0100%1h$430K$952K50xas long as short
HTX HYPE-USDT+0.393%+0.0359%4h$1.5M$6.5M75xas long as short
BloFin HYPE-USDT+0.398%+0.0340%4h$17.9M$12.1M75xas long as short
edgeX HYPEUSDC+0.413%+0.0102%4h$5.2M$26.7M30xas long as short
Hotstuff HYPE-PERP+0.440%−0.0080%1h$3K$30725xas long as short
Bulk HYPE-USD+0.488%+0.0100%1h$214K$10K10xas long as short
Phoenix HYPE+0.514%+0.0357%1h$295K$1.1M10xas long as short
Injective HYPE/USDC PERP+0.655%+0.1001%1h$24K$319K12xas long as short