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.

Spread before costs (cost unknown: a leg has no order-book sample)−0.182%
7d average−0.005%if it closes, per $10,000$18funding while held, a day+$2.88
Long on PerplShort on Lighter RH
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl HYPE93.9830get 0.0000% / 43m22m 42s$31K$334K10x
ShortLighter RH HYPE93.8120.0096get 0.0012% / 1h45m 42s$3.1M$10.8M20x

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
−$18.24
Funding while held
$2.88
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$29.16
Spread needed to break even
0.138%
Slippage unknown: Perpl: no order-book sample; Lighter RH: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0096%
Per $10,000 a day
+$2.88
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 Perpl no order-book sample—————
Sell Lighter RH live order book, 5 min ago0.48 bp2.3 bp −$23.8 bp −$3820.9 bp −$2,089doesn't fit
Perpl: 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.
dYdX93.781cheapestExtended93.784+0.003%Bybit93.800+0.020%KuCoin93.809+0.030%
Lighter RH93.812+0.033%
Binance93.816+0.037%OKX93.820+0.042%Bitget93.825+0.047%Lighter93.841+0.064%BingX93.845+0.068%Gate93.854+0.078%Hyperliquid93.857+0.081%Aster93.866+0.091%MEXC93.871+0.096%Backpack93.894+0.120%Derive93.914+0.142%Arcus93.933+0.162%Aevo93.946+0.176%Bluefin93.947+0.177%gTrade (Gains Network)93.950+0.180%Katana Perps93.960+0.191%SoDEX93.969+0.200%Ondo Perps93.970+0.201%Phemex93.976+0.208%GMX93.977+0.209%Orderly93.978+0.210%Variational Omni93.980+0.212%
Perpl93.983+0.216%
Bullet93.984+0.216%Kalshi93.993+0.226%Paradex93.994+0.228%Hibachi93.995+0.228%Nado93.996+0.230%Popdex93.998+0.231%Reya94.001+0.235%Polymarket Perps94.008+0.242%Coinbase International94.010+0.244%01 Exchange94.014+0.248%Pacifica94.016+0.251%Kraken Futures94.024+0.259%Deribit94.026+0.261%Vest94.027+0.262%ApeX Omni94.028+0.263%RISEx94.034+0.270%SunX94.042+0.278%Hotstuff94.043+0.279%Bulk94.050+0.287%BloFin94.053+0.290%edgeX94.058+0.295%StandX94.064+0.302%HTX94.150+0.393%Phoenix94.157+0.401%Aftermath Perps94.227+0.476%Injective94.560+0.831%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX HYPE-USD−0.215%0.0000%1h$128K$23K5xas long as short
Extended HYPE-USD−0.213%+0.0104%1h$18.5M$36.2M50xas long as short
Bybit HYPEUSDT−0.195%+0.0043%8h$324.7M$271.3M75xas long as short
KuCoin HYPEUSDTM−0.186%+0.0042%4h$44.7M$19.3M75xas long as short
Lighter RH HYPEshort−0.182%+0.0096%1h$3.1M$10.8M20x
Binance HYPEUSDT−0.178%+0.0031%4h$393.1M$748.7M75xas long as short
OKX HYPE-USDT-SWAP−0.174%−0.0108%8h$119.2M$286.8M50xas long as short
Bitget HYPEUSDT−0.169%+0.0100%4h$231.1M$88.9M75xas long as short
Lighter HYPE−0.151%+0.0096%1h$18.7M$50.3M20xas long as short
BingX HYPE-USDT−0.147%−0.0108%4h—$47.8M—as long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate HYPE_USDT−0.138%−0.0066%4h$44.4M$53.7M75xas long as short
Hyperliquid HYPE−0.134%+0.0100%1h$2.05B$524.4M10xas long as short
Aster HYPEUSDT−0.125%−0.0064%4h$8.5M$31.9M300xas long as short
MEXC HYPE_USDT−0.120%+0.0028%4h$91.8M$79.6M100xas long as short
Backpack HYPE_USDC_PERP−0.095%+0.0100%1h$8.1M$8.4M20xas long as short
Derive HYPE-PERP−0.073%+0.0100%1h$16.7M$6.9M10xas long as short
Arcus HYPE-USD−0.054%−0.0018%1h$1.2M$4.2M10xas long as short
Aevo HYPE-PERP−0.040%+0.0088%1h$400K$339K20xas long as short
Bluefin HYPE-PERP−0.039%+0.0100%1h$69K$195K20xas long as short
gTrade (Gains Network) HYPE/USD−0.035%L +0.0002% / S −0.0001%1h$33K—150xas long as short
Katana Perps HYPE-USD−0.025%+0.0099%8h$16K$1.5M10xas long as short
SoDEX HYPE-USD−0.015%+0.0100%1h$2.0M$1.9M10xas long as short
Ondo Perps HYPE-USD.P−0.014%+0.0100%1h$705K$893K10xas long as short
Phemex HYPEUSDT−0.008%+0.0007%8h$12.7M$2.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.007%L +0.0346% / S −0.0159%1h$1.5M—100xas long as short
Orderly PERP_HYPE_USDC−0.006%−0.0319%4h$167K$467K20xas long as short
Variational Omni HYPE−0.004%+0.0100%8h$30.0M$49.0M—as long as short
Perpl HYPElong0.000%0.0000%43m$31K$334K10x
Bullet HYPE-USD+0.001%+0.0100%1h$112K$578K20xas long as short
Kalshi KXHYPEPERP+0.010%0.0000%8h$1.6M$3.8M2.3xas long as short
Paradex HYPE-USD-PERP+0.012%+0.0093%8h$337K$287K20xas long as short
Hibachi HYPE/USDT-P+0.012%−0.0144%1h$201K$174K7xas long as short
Nado HYPE-PERP+0.014%+0.0100%1h$5.5M$41.8M10xas long as short
Popdex HYPEUSDT+0.016%+0.0096%1h$77K$1.0M50xas long as short
Reya HYPERUSDPERP+0.019%+0.0213%1h$74K$217K15xas long as short
Polymarket Perps HYPE-USD+0.026%+0.0100%1h$482K$2.3M20xas long as short
Coinbase International HYPE-PERP-INTX+0.028%+0.0032%1h$5.0M$5.2M50xas long as short
01 Exchange HYPEUSD+0.033%+0.0088%1h$82K$283K20xas long as short
Pacifica HYPE+0.035%+0.0100%1h$11.4M$11.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.043%−0.0294%1h$17.0M$20.0M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.045%+0.0144%1h$7.3M$3.9M50xas long as short
Vest HYPE-PERP+0.046%+0.0096%1h—$407K5xas long as short
ApeX Omni HYPEUSDT+0.047%−0.0099%1h$414K$931K50xas long as short
RISEx HYPE/USDC+0.054%+0.0120%1h$2.6M$7.1M20xas long as short
SunX HYPE-USDT+0.062%+0.0100%4h$28K$1.4M20xas long as short
Hotstuff HYPE-PERP+0.063%−0.0080%1h$3K$30725xas long as short
Bulk HYPE-USD+0.071%+0.0100%1h$213K$10K10xas long as short
BloFin HYPE-USDT+0.074%+0.0114%4h$18.0M$11.5M75xas long as short
edgeX HYPEUSDC+0.079%+0.0036%4h$5.1M$24.7M30xas long as short
StandX HYPE-USD+0.086%+0.0100%1h$719K$2.1M20xas long as short
HTX HYPE-USDT+0.177%+0.0153%4h$1.5M$6.3M75xas long as short
Phoenix HYPE+0.185%+0.0152%1h$296K$1.0M10xas long as short
Aftermath Perps HYPEUSD+0.259%−0.0013%1h$22K$34K10xas long as short
Injective HYPE/USDC PERP+0.614%+0.0375%1h$24K$259K12xas long as short