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)+0.154%
7d average+0.054%if it closes, per $10,000$15funding while held, a day+$4.75
Long on Variational OmniShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE92.6630.0100pay 0.0100% / 8h6h 19m$28.8M$49.1M—
ShortKraken Futures PF_HYPEUSD92.8060.0258get 0.0032% / 1h19m 06s$16.2M$20.5M50x

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
$15.44
Funding while held
$4.75
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$10.18
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Kraken Futures: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0158%
Per $10,000 a day
+$4.75
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 ago0.42 bpdoesn't fit7.3 bp −$7321.9 bp −$2,189doesn't fit
Sell Kraken Futures live order book, 1 min ago0.05 bp7.8 bp −$88.5 bp −$8520.6 bp −$2,06162.2 bp −$31.1K

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Hibachi92.586cheapestBulk92.620+0.036%Ondo Perps92.630+0.047%Arcus92.631+0.048%
Variational Omni92.663+0.083%
Katana Perps92.680+0.101%Aevo92.681+0.103%ApeX Omni92.684+0.105%Hotstuff92.688+0.110%Bybit92.692+0.114%Nado92.692+0.115%Pacifica92.694+0.117%dYdX92.696+0.119%Vest92.700+0.123%Aster92.702+0.125%Gate92.704+0.127%Kalshi92.708+0.131%Bitget92.714+0.138%BingX92.714+0.138%edgeX92.721+0.146%GMX92.724+0.148%OKX92.725+0.150%StandX92.725+0.150%Popdex92.726+0.151%KuCoin92.726+0.151%Derive92.728+0.153%Aftermath Perps92.735+0.161%Paradex92.738+0.164%Bluefin92.738+0.164%BloFin92.738+0.164%Bullet92.738+0.164%Perpl92.739+0.165%Reya92.743+0.169%Binance92.743+0.169%MEXC92.743+0.169%Polymarket Perps92.743+0.169%01 Exchange92.750+0.177%Extended92.752+0.179%Phemex92.755+0.182%SoDEX92.760+0.187%gTrade (Gains Network)92.764+0.191%Phoenix92.765+0.193%Lighter RH92.770+0.198%Coinbase International92.770+0.198%Backpack92.773+0.202%Orderly92.773+0.202%RISEx92.778+0.207%Hyperliquid92.782+0.211%SunX92.803+0.234%Lighter92.805+0.236%
Kraken Futures92.806+0.237%
Deribit92.828+0.261%HTX92.904+0.343%Injective93.790+1.300%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.083%−0.1064%1h$193K$224K7xas long as short
Bulk HYPE-USD−0.046%+0.0100%1h$202K$8K10xas long as short
Ondo Perps HYPE-USD.P−0.035%+0.0100%1h$697K$969K10xas long as short
Arcus HYPE-USD−0.034%+0.0100%1h$1.2M$4.0M10xas long as short
Variational Omni HYPElong0.000%+0.0100%8h$28.8M$49.1M—
Katana Perps HYPE-USD+0.018%+0.0100%8h$33K$1.8M10xas long as short
Aevo HYPE-PERP+0.020%+0.0104%1h$394K$335K20xas long as short
ApeX Omni HYPEUSDT+0.023%+0.0100%1h$428K$927K50xas long as short
Hotstuff HYPE-PERP+0.027%−0.0080%1h$3K$30725xas long as short
Bybit HYPEUSDT+0.031%+0.0100%8h$326.3M$282.2M75xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado HYPE-PERP+0.032%+0.0100%1h$6.4M$43.4M10xas long as short
Pacifica HYPE+0.034%+0.0100%1h$11.3M$12.3M20xas long as short
dYdX HYPE-USD+0.036%+0.0009%1h$126K$26K5xas long as short
Vest HYPE-PERP+0.040%+0.0100%1h—$407K5xas long as short
Aster HYPEUSDT+0.042%+0.0100%4h$8.8M$35.2M300xas long as short
Gate HYPE_USDT+0.044%+0.0100%4h$43.8M$54.4M75xas long as short
Kalshi KXHYPEPERP+0.049%0.0000%8h$1.7M$4.9M2.3xas long as short
Bitget HYPEUSDT+0.055%+0.0100%4h$226.6M$99.9M75xas long as short
BingX HYPE-USDT+0.055%+0.0040%4h—$52.4M—as long as short
edgeX HYPEUSDC+0.063%+0.0107%4h$5.1M$28.4M30xas long as short
GMX HYPE/USD [WBTC.b-USDC]+0.066%L +0.0341% / S −0.0166%1h$1.4M—100xas long as short
OKX HYPE-USDT-SWAP+0.067%+0.0100%8h$114.6M$309.1M50xas long as short
StandX HYPE-USD+0.067%+0.0100%1h$668K$2.3M20xas long as short
Popdex HYPEUSDT+0.068%+0.0096%1h$68K$1.2M50xas long as short
KuCoin HYPEUSDTM+0.068%+0.0100%4h$46.0M$19.7M75xas long as short
Derive HYPE-PERP+0.070%+0.0100%1h$16.3M$7.2M10xas long as short
Aftermath Perps HYPEUSD+0.078%+0.0261%1h$22K$31K10xas long as short
Paradex HYPE-USD-PERP+0.081%+0.0111%8h$335K$285K20xas long as short
Bluefin HYPE-PERP+0.081%+0.0100%1h$73K$179K20xas long as short
BloFin HYPE-USDT+0.081%+0.0340%4h$17.4M$11.7M75xas long as short
Bullet HYPE-USD+0.081%+0.0100%1h$113K$567K20xas long as short
Perpl HYPE+0.082%+0.0112%43m$28K$350K10xas long as short
Reya HYPERUSDPERP+0.086%+0.0237%1h$79K$155K15xas long as short
Binance HYPEUSDT+0.086%+0.0100%4h$388.8M$843.8M75xas long as short
MEXC HYPE_USDT+0.086%+0.0100%4h$90.9M$82.8M100xas long as short
Polymarket Perps HYPE-USD+0.086%+0.0100%1h$481K$2.4M20xas long as short
01 Exchange HYPEUSD+0.094%+0.0088%1h$90K$315K20xas long as short
Extended HYPE-USD+0.096%+0.0104%1h$18.2M$40.6M50xas long as short
Phemex HYPEUSDT+0.099%+0.0100%8h$12.5M$2.3M50xas long as short
SoDEX HYPE-USD+0.105%+0.0100%1h$2.0M$2.0M10xas long as short
gTrade (Gains Network) HYPE/USD+0.109%L +0.0002% / S −0.0001%1h$54K—150xas long as short
Phoenix HYPE+0.110%+0.0351%1h$292K$984K10xas long as short
Lighter RH HYPE+0.116%+0.0096%1h$3.1M$12.2M20xas long as short
Coinbase International HYPE-PERP-INTX+0.116%+0.0200%1h$4.9M$5.3M50xas long as short
Backpack HYPE_USDC_PERP+0.119%+0.0100%1h$8.5M$10.7M20xas long as short
Orderly PERP_HYPE_USDC+0.119%+0.0096%4h$194K$457K20xas long as short
RISEx HYPE/USDC+0.125%+0.0611%1h$2.6M$6.5M20xas long as short
Hyperliquid HYPE+0.129%+0.0936%1h$2.01B$622.5M10xas long as short
SunX HYPE-USDT+0.151%+0.0100%4h$32K$1.6M20xas long as short
Lighter HYPE+0.153%+0.0096%1h$18.3M$57.3M20xas long as short
Kraken Futures PF_HYPEUSDshort+0.154%+0.0258%1h$16.2M$20.5M50x
Deribit HYPE_USDC-PERPETUAL+0.178%+0.0332%1h$7.4M$4.2M50xas long as short
HTX HYPE-USDT+0.260%+0.0814%4h$1.5M$7.2M75xas long as short
Injective HYPE/USDC PERP+1.216%+0.0082%1h$21K$168K12xas long as short