data as of
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Price arb /

HYPE

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Spread before costs (cost unknown: a leg has no order-book sample)+0.018%
7d average+0.019%if it closes, per $10,000$2funding while held, a day−$4.41
Long on Variational OmniShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE94.8790.0100pay 0.0100% / 8h1h 59m$29.9M$48.7M—
ShortAster HYPEUSDT94.896−0.0047pay 0.0024% / 4h1h 59m$8.5M$31.0M300x

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
$1.83
Funding while held
−$4.41
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$10.59
Spread needed to break even
0.080%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Aster: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0147%
Per $10,000 a day
−$4.41
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 Variational Omni RFQ quote, 2 min ago0.43 bpdoesn't fit6.3 bp −$6321.7 bp −$2,173doesn't fit
Sell Aster live order book, 1 min ago0.21 bp4.3 bp −$44.6 bp −$4611.3 bp −$1,135doesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps94.710cheapestApeX Omni94.754+0.046%Arcus94.776+0.070%Bybit94.783+0.077%OKX94.785+0.079%Hibachi94.802+0.098%Paradex94.803+0.098%SoDEX94.806+0.101%Hotstuff94.821+0.117%Bitget94.825+0.121%BingX94.825+0.121%Katana Perps94.830+0.127%Pacifica94.835+0.132%Gate94.842+0.139%Binance94.844+0.142%KuCoin94.845+0.143%Vest94.847+0.145%Derive94.855+0.153%Polymarket Perps94.859+0.157%BloFin94.859+0.157%RISEx94.863+0.161%dYdX94.864+0.163%edgeX94.866+0.164%Perpl94.867+0.166%GMX94.867+0.166%MEXC94.868+0.167%Aftermath Perps94.870+0.169%Backpack94.871+0.170%Reya94.872+0.171%Hyperliquid94.876+0.176%
Variational Omni94.879+0.178%
Bluefin94.880+0.179%Popdex94.881+0.181%gTrade (Gains Network)94.883+0.183%Extended94.885+0.185%Aevo94.891+0.191%Bullet94.892+0.192%
Aster94.896+0.197%
01 Exchange94.903+0.204%Lighter RH94.907+0.208%Nado94.907+0.209%Phemex94.908+0.209%Coinbase International94.910+0.211%Orderly94.913+0.214%Kraken Futures94.918+0.220%Phoenix94.930+0.232%Lighter94.936+0.238%StandX94.937+0.240%Injective94.940+0.243%Kalshi94.950+0.253%Deribit94.952+0.256%SunX94.974+0.279%HTX95.039+0.347%Bulk95.228+0.547%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps HYPE-USD.P−0.178%+0.0100%1h$713K$893K10xas long as short
ApeX Omni HYPEUSDT−0.132%+0.0100%1h$417K$925K50xas long as short
Arcus HYPE-USD−0.108%−0.0018%1h$1.2M$4.2M10xas long as short
Bybit HYPEUSDT−0.101%+0.0046%8h$329.4M$265.7M75xas long as short
OKX HYPE-USDT-SWAP−0.099%−0.0117%8h$121.3M$285.6M50xas long as short
Hibachi HYPE/USDT-P−0.081%−0.0224%1h$204K$170K7xas long as short
Paradex HYPE-USD-PERP−0.080%+0.0091%8h$339K$286K20xas long as short
SoDEX HYPE-USD−0.077%+0.0100%1h$2.0M$1.9M10xas long as short
Hotstuff HYPE-PERP−0.061%−0.0080%1h$3K$30725xas long as short
Bitget HYPEUSDT−0.057%+0.0078%4h$234.0M$85.5M75xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX HYPE-USDT−0.057%−0.0118%4h—$46.4M—as long as short
Katana Perps HYPE-USD−0.052%+0.0099%8h$16K$1.4M10xas long as short
Pacifica HYPE−0.046%+0.0100%1h$11.5M$11.7M20xas long as short
Gate HYPE_USDT−0.039%−0.0068%4h$45.1M$52.6M75xas long as short
Binance HYPEUSDT−0.036%+0.0021%4h$401.0M$730.0M75xas long as short
KuCoin HYPEUSDTM−0.036%+0.0026%4h$45.1M$19.0M75xas long as short
Vest HYPE-PERP−0.033%+0.0007%1h—$407K5xas long as short
Derive HYPE-PERP−0.025%+0.0100%1h$16.9M$6.7M10xas long as short
Polymarket Perps HYPE-USD−0.021%+0.0100%1h$486K$2.4M20xas long as short
BloFin HYPE-USDT−0.021%+0.0082%4h$17.9M$11.3M75xas long as short
RISEx HYPE/USDC−0.017%+0.0120%1h$2.5M$7.1M20xas long as short
dYdX HYPE-USD−0.016%0.0000%1h$129K$22K5xas long as short
edgeX HYPEUSDC−0.014%+0.0022%4h$5.1M$24.4M30xas long as short
Perpl HYPE−0.013%0.0000%43m$30K$320K10xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.012%L +0.0352% / S −0.0163%1h$1.6M—100xas long as short
MEXC HYPE_USDT−0.011%+0.0020%4h$92.5M$78.1M100xas long as short
Aftermath Perps HYPEUSD−0.009%−0.0048%1h$20K$31K10xas long as short
Backpack HYPE_USDC_PERP−0.008%+0.0100%1h$8.1M$8.3M20xas long as short
Reya HYPERUSDPERP−0.008%+0.0212%1h$74K$293K15xas long as short
Hyperliquid HYPE−0.003%+0.0100%1h$2.07B$510.0M10xas long as short
Variational Omni HYPElong0.000%+0.0100%8h$29.9M$48.7M—
Bluefin HYPE-PERP+0.001%+0.0100%1h$70K$196K20xas long as short
Popdex HYPEUSDT+0.002%+0.0096%1h$85K$990K50xas long as short
gTrade (Gains Network) HYPE/USD+0.005%L +0.0002% / S −0.0001%1h$19K—150xas long as short
Extended HYPE-USD+0.006%+0.0104%1h$18.5M$35.5M50xas long as short
Aevo HYPE-PERP+0.013%+0.0080%1h$404K$347K20xas long as short
Bullet HYPE-USD+0.014%+0.0100%1h$113K$579K20xas long as short
Aster HYPEUSDTshort+0.018%−0.0047%4h$8.5M$31.0M300x
01 Exchange HYPEUSD+0.025%+0.0112%1h$83K$285K20xas long as short
Lighter RH HYPE+0.030%+0.0096%1h$2.9M$10.4M20xas long as short
Nado HYPE-PERP+0.030%+0.0100%1h$5.6M$41.5M10xas long as short
Phemex HYPEUSDT+0.031%−0.0044%8h$12.9M$2.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.033%+0.0032%1h$5.0M$5.2M50xas long as short
Orderly PERP_HYPE_USDC+0.036%−0.0341%4h$167K$465K20xas long as short
Kraken Futures PF_HYPEUSD+0.042%−0.0291%1h$16.6M$18.6M50xas long as short
Phoenix HYPE+0.054%+0.0050%1h$297K$989K10xas long as short
Lighter HYPE+0.060%+0.0096%1h$18.6M$48.8M20xas long as short
StandX HYPE-USD+0.061%+0.0100%1h$730K$2.1M20xas long as short
Injective HYPE/USDC PERP+0.064%+0.0375%1h$24K$259K12xas long as short
Kalshi KXHYPEPERP+0.075%0.0000%8h$1.6M$3.5M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.077%0.0000%1h$7.3M$3.8M50xas long as short
SunX HYPE-USDT+0.100%+0.0100%4h$29K$1.4M20xas long as short
HTX HYPE-USDT+0.169%+0.0142%4h$1.6M$6.0M75xas long as short
Bulk HYPE-USD+0.368%+0.0100%1h$216K$10K10xas long as short