data as of
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Price arb /

HYPE

all HYPE markets
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Spread before costs (cost unknown: a leg has no order-book sample)+0.022%
7d average+0.009%if it closes, per $10,000$2funding while held, a day−$1.60
Long on Variational OmniShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE94.8790.0100pay 0.0100% / 8h1h 57m$29.9M$48.7M—
ShortBybit HYPEUSDT94.9000.0047get 0.0047% / 8h1h 57m$329.8M$265.8M75x

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
$2.22
Funding while held
−$1.6
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$10.37
Spread needed to break even
0.110%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bybit: live order book, 3 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0053%
Per $10,000 a day
−$1.60
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, 3 min ago0.43 bpdoesn't fit6.3 bp −$6321.7 bp −$2,173doesn't fit
Sell Bybit live order book, 3 min ago0.53 bp6.2 bp −$68.8 bp −$8816.8 bp −$1,67735.6 bp −$17.8K

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Arcus94.801cheapestKatana Perps94.810+0.009%Hibachi94.815+0.015%Ondo Perps94.820+0.020%edgeX94.827+0.028%Derive94.836+0.037%Vest94.837+0.038%Aftermath Perps94.849+0.050%Reya94.853+0.055%GMX94.857+0.059%dYdX94.860+0.062%Coinbase International94.860+0.062%Aevo94.864+0.066%Gate94.864+0.066%Nado94.866+0.069%Polymarket Perps94.868+0.071%ApeX Omni94.869+0.072%StandX94.869+0.072%Perpl94.870+0.073%Hotstuff94.872+0.075%Bluefin94.874+0.077%Extended94.874+0.078%Aster94.875+0.078%Popdex94.878+0.081%
Variational Omni94.879+0.082%
Hyperliquid94.879+0.082%Bullet94.880+0.083%gTrade (Gains Network)94.883+0.086%Bitget94.884+0.088%Bulk94.884+0.088%Paradex94.888+0.092%Pacifica94.889+0.093%01 Exchange94.893+0.097%KuCoin94.896+0.100%BingX94.896+0.100%
Bybit94.900+0.104%
OKX94.901+0.105%Kalshi94.902+0.107%Orderly94.902+0.107%RISEx94.903+0.108%Backpack94.908+0.113%Phemex94.914+0.119%SoDEX94.918+0.123%Lighter RH94.924+0.130%MEXC94.930+0.136%Phoenix94.930+0.136%Kraken Futures94.935+0.141%Injective94.940+0.147%Binance94.941+0.147%Deribit94.941+0.148%BloFin94.953+0.160%Lighter94.970+0.178%SunX94.999+0.209%HTX95.076+0.290%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Arcus HYPE-USD−0.082%−0.0018%1h$1.2M$4.1M10xas long as short
Katana Perps HYPE-USD−0.073%+0.0099%8h$13K$1.4M10xas long as short
Hibachi HYPE/USDT-P−0.067%−0.0200%1h$204K$170K7xas long as short
Ondo Perps HYPE-USD.P−0.062%+0.0100%1h$713K$895K10xas long as short
edgeX HYPEUSDC−0.054%+0.0021%4h$5.1M$24.3M30xas long as short
Derive HYPE-PERP−0.046%+0.0083%1h$16.9M$6.7M10xas long as short
Vest HYPE-PERP−0.044%+0.0016%1h—$407K5xas long as short
Aftermath Perps HYPEUSD−0.032%−0.0042%1h$20K$31K10xas long as short
Reya HYPERUSDPERP−0.027%+0.0212%1h$74K$282K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.023%L +0.0352% / S −0.0163%1h$1.6M—100xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX HYPE-USD−0.020%0.0000%1h$129K$22K5xas long as short
Coinbase International HYPE-PERP-INTX−0.020%+0.0032%1h$5.0M$5.2M50xas long as short
Aevo HYPE-PERP−0.016%+0.0088%1h$404K$347K20xas long as short
Gate HYPE_USDT−0.016%−0.0060%4h$45.1M$52.6M75xas long as short
Nado HYPE-PERP−0.014%+0.0100%1h$5.6M$41.5M10xas long as short
Polymarket Perps HYPE-USD−0.011%+0.0100%1h$486K$2.4M20xas long as short
ApeX Omni HYPEUSDT−0.010%+0.0100%1h$418K$926K50xas long as short
StandX HYPE-USD−0.010%+0.0100%1h$730K$2.1M20xas long as short
Perpl HYPE−0.009%0.0000%43m$30K$322K10xas long as short
Hotstuff HYPE-PERP−0.007%−0.0080%1h$3K$30725xas long as short
Bluefin HYPE-PERP−0.005%+0.0100%1h$70K$196K20xas long as short
Extended HYPE-USD−0.005%+0.0104%1h$18.5M$35.5M50xas long as short
Aster HYPEUSDT−0.004%−0.0045%4h$8.5M$31.0M300xas long as short
Popdex HYPEUSDT−0.001%+0.0096%1h$85K$990K50xas long as short
Variational Omni HYPElong0.000%+0.0100%8h$29.9M$48.7M—
Hyperliquid HYPE0.000%+0.0100%1h$2.07B$510.4M10xas long as short
Bullet HYPE-USD+0.001%+0.0100%1h$113K$579K20xas long as short
gTrade (Gains Network) HYPE/USD+0.004%L +0.0002% / S −0.0001%1h$19K—150xas long as short
Bitget HYPEUSDT+0.005%+0.0082%4h$234.1M$85.5M75xas long as short
Bulk HYPE-USD+0.006%+0.0100%1h$215K$10K10xas long as short
Paradex HYPE-USD-PERP+0.010%+0.0091%8h$340K$286K20xas long as short
Pacifica HYPE+0.011%+0.0100%1h$11.5M$11.7M20xas long as short
01 Exchange HYPEUSD+0.015%+0.0072%1h$83K$284K20xas long as short
KuCoin HYPEUSDTM+0.018%+0.0030%4h$45.2M$19.1M75xas long as short
BingX HYPE-USDT+0.018%−0.0118%4h—$46.5M—as long as short
Bybit HYPEUSDTshort+0.022%+0.0047%8h$329.8M$265.8M75x
OKX HYPE-USDT-SWAP+0.023%−0.0117%8h$121.5M$285.8M50xas long as short
Kalshi KXHYPEPERP+0.024%0.0000%8h$1.6M$3.5M2.3xas long as short
Orderly PERP_HYPE_USDC+0.024%−0.0339%4h$167K$467K20xas long as short
RISEx HYPE/USDC+0.026%+0.0120%1h$2.5M$7.1M20xas long as short
Backpack HYPE_USDC_PERP+0.031%+0.0100%1h$8.1M$8.3M20xas long as short
Phemex HYPEUSDT+0.037%−0.0040%8h$12.9M$2.1M50xas long as short
SoDEX HYPE-USD+0.041%+0.0100%1h$2.0M$1.9M10xas long as short
Lighter RH HYPE+0.048%+0.0096%1h$2.9M$10.4M20xas long as short
MEXC HYPE_USDT+0.054%+0.0022%4h$92.5M$78.2M100xas long as short
Phoenix HYPE+0.054%+0.0050%1h$298K$989K10xas long as short
Kraken Futures PF_HYPEUSD+0.059%−0.0291%1h$16.6M$18.7M50xas long as short
Injective HYPE/USDC PERP+0.064%+0.0375%1h$24K$259K12xas long as short
Binance HYPEUSDT+0.065%+0.0025%4h$401.4M$730.2M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.065%0.0000%1h$7.3M$3.8M50xas long as short
BloFin HYPE-USDT+0.078%+0.0101%4h$18.0M$11.3M75xas long as short
Lighter HYPE+0.096%+0.0096%1h$18.7M$48.9M20xas long as short
SunX HYPE-USDT+0.127%+0.0100%4h$29K$1.4M20xas long as short
HTX HYPE-USDT+0.208%+0.0137%4h$1.6M$6.0M75xas long as short