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)+0.233%
7d average+0.032%if it closes, per $10,000$23funding while held, a day−$0.00
Long on Variational OmniShort on Nado
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.8900.0100pay 0.0100% / 8h56m 01s$30.8M$50.8M—
ShortNado HYPE-PERP94.1090.0100get 0.0012% / 1h56m 01s$5.7M$42.9M10x

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
$23.33
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$16.33
Spread needed to break even
0.070%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Nado: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
−$0.00
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, 5 min ago0.43 bpdoesn't fit4.1 bp −$4118.6 bp −$1,856doesn't fit
Sell Nado live order book, 5 min ago0.05 bp4.3 bp −$47.7 bp −$7731.0 bp −$3,095doesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni93.890cheapest
Ondo Perps93.980+0.095%dYdX94.036+0.155%ApeX Omni94.041+0.160%edgeX94.042+0.161%Arcus94.045+0.165%BloFin94.054+0.174%Hibachi94.064+0.184%Pacifica94.092+0.214%Perpl94.093+0.215%
Nado94.109+0.233%
Katana Perps94.110+0.234%Aftermath Perps94.111+0.235%Reya94.127+0.252%Derive94.131+0.256%Paradex94.137+0.263%Bybit94.140+0.266%Vest94.141+0.267%Popdex94.143+0.269%Extended94.145+0.272%GMX94.146+0.272%Bulk94.149+0.275%Coinbase International94.150+0.276%OKX94.151+0.278%Gate94.151+0.278%Polymarket Perps94.151+0.278%KuCoin94.152+0.279%gTrade (Gains Network)94.154+0.281%Bitget94.160+0.287%Aster94.160+0.287%BingX94.162+0.289%StandX94.164+0.291%Bluefin94.166+0.293%Bullet94.169+0.296%RISEx94.171+0.299%01 Exchange94.174+0.302%Orderly94.174+0.302%Aevo94.182+0.311%Binance94.183+0.312%SoDEX94.184+0.313%MEXC94.186+0.315%Hyperliquid94.189+0.318%Hotstuff94.189+0.318%Backpack94.190+0.319%Phemex94.194+0.323%Lighter RH94.195+0.324%Kalshi94.201+0.331%Kraken Futures94.231+0.362%Deribit94.238+0.370%Lighter94.243+0.375%Phoenix94.260+0.394%SunX94.290+0.426%HTX94.341+0.480%Injective94.390+0.532%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni HYPElong0.000%+0.0100%8h$30.8M$50.8M—
Ondo Perps HYPE-USD.P+0.095%+0.0100%1h$705K$899K10xas long as short
dYdX HYPE-USD+0.155%+0.0107%1h$128K$23K5xas long as short
ApeX Omni HYPEUSDT+0.160%+0.0100%1h$429K$951K50xas long as short
edgeX HYPEUSDC+0.161%+0.0107%4h$5.1M$26.2M30xas long as short
Arcus HYPE-USD+0.165%+0.0100%1h$1.2M$4.1M10xas long as short
BloFin HYPE-USDT+0.174%+0.0340%4h$17.8M$11.9M75xas long as short
Hibachi HYPE/USDT-P+0.184%−0.0696%1h$203K$178K7xas long as short
Pacifica HYPE+0.214%+0.0100%1h$11.4M$12.0M20xas long as short
Perpl HYPE+0.215%0.0000%43m$33K$349K10xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado HYPE-PERPshort+0.233%+0.0100%1h$5.7M$42.9M10x
Katana Perps HYPE-USD+0.234%+0.0099%8h$9K$1.6M10xas long as short
Aftermath Perps HYPEUSD+0.235%+0.0110%1h$22K$35K10xas long as short
Reya HYPERUSDPERP+0.252%+0.0219%1h$74K$169K15xas long as short
Derive HYPE-PERP+0.256%+0.0100%1h$16.7M$7.2M10xas long as short
Paradex HYPE-USD-PERP+0.263%+0.0099%8h$338K$288K20xas long as short
Bybit HYPEUSDT+0.266%+0.0001%8h$327.6M$279.6M75xas long as short
Vest HYPE-PERP+0.267%+0.0100%1h—$407K5xas long as short
Popdex HYPEUSDT+0.269%+0.0096%1h$161K$1.1M50xas long as short
Extended HYPE-USD+0.272%+0.0104%1h$18.5M$38.8M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]+0.272%L +0.0345% / S −0.0160%1h$1.5M—100xas long as short
Bulk HYPE-USD+0.275%+0.0100%1h$213K$10K10xas long as short
Coinbase International HYPE-PERP-INTX+0.276%+0.0096%1h$5.0M$5.2M50xas long as short
OKX HYPE-USDT-SWAP+0.278%−0.0042%8h$118.0M$302.5M50xas long as short
Gate HYPE_USDT+0.278%+0.0064%4h$44.3M$53.3M75xas long as short
Polymarket Perps HYPE-USD+0.278%+0.0100%1h$466K$2.4M20xas long as short
KuCoin HYPEUSDTM+0.279%+0.0100%4h$44.7M$19.8M75xas long as short
gTrade (Gains Network) HYPE/USD+0.281%L +0.0002% / S −0.0001%1h$33K—150xas long as short
Bitget HYPEUSDT+0.287%+0.0100%4h$233.7M$92.7M75xas long as short
Aster HYPEUSDT+0.287%+0.0100%4h$8.9M$32.8M300xas long as short
BingX HYPE-USDT+0.289%−0.0044%4h—$49.7M—as long as short
StandX HYPE-USD+0.291%+0.0100%1h$722K$2.0M20xas long as short
Bluefin HYPE-PERP+0.293%+0.0100%1h$70K$192K20xas long as short
Bullet HYPE-USD+0.296%+0.0100%1h$112K$581K20xas long as short
RISEx HYPE/USDC+0.299%+0.0500%1h$2.5M$7.2M20xas long as short
01 Exchange HYPEUSD+0.302%+0.0016%1h$84K$300K20xas long as short
Orderly PERP_HYPE_USDC+0.302%−0.0203%4h$171K$412K20xas long as short
Aevo HYPE-PERP+0.311%+0.0104%1h$401K$342K20xas long as short
Binance HYPEUSDT+0.312%+0.0100%4h$398.2M$783.0M75xas long as short
SoDEX HYPE-USD+0.313%+0.0100%1h$2.0M$1.9M10xas long as short
MEXC HYPE_USDT+0.315%+0.0100%4h$94.8M$81.4M100xas long as short
Hyperliquid HYPE+0.318%+0.0100%1h$2.05B$562.6M10xas long as short
Hotstuff HYPE-PERP+0.318%−0.0080%1h$3K$30725xas long as short
Backpack HYPE_USDC_PERP+0.319%+0.0100%1h$8.1M$8.6M20xas long as short
Phemex HYPEUSDT+0.323%+0.0088%8h$12.7M$2.2M50xas long as short
Lighter RH HYPE+0.324%+0.0096%1h$3.1M$11.2M20xas long as short
Kalshi KXHYPEPERP+0.331%+0.0161%8h$1.7M$4.1M2.3xas long as short
Kraken Futures PF_HYPEUSD+0.362%+0.0605%1h$16.9M$20.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.370%+0.0334%1h$7.4M$4.5M50xas long as short
Lighter HYPE+0.375%+0.0096%1h$18.9M$53.1M20xas long as short
Phoenix HYPE+0.394%+0.0152%1h$297K$1.1M10xas long as short
SunX HYPE-USDT+0.426%+0.0100%4h$30K$1.5M20xas long as short
HTX HYPE-USDT+0.480%+0.0316%4h$1.5M$6.5M75xas long as short
Injective HYPE/USDC PERP+0.532%+0.1001%1h$24K$319K12xas long as short