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Price arb /

HYPE

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Spread before costs (cost unknown: a leg has no order-book sample)+0.321%
7d average+0.061%if it closes, per $10,000$32funding while held, a day+$1.32
Long on Variational OmniShort on 01 Exchange
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.3310.0100pay 0.0100% / 8h5m 58s$29.8M$51.6M—
Short01 Exchange HYPEUSD93.6300.0144get 0.0018% / 1h5m 58s$89K$310K20x

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
$32.06
Funding while held
$1.32
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$26.38
Spread needed to break even
0.070%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; 01 Exchange: live order book, 45 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0044%
Per $10,000 a day
+$1.32
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 ago0.45 bpdoesn't fit6.1 bp −$6115.6 bp −$1,558doesn't fit
Sell 01 Exchange live order book, 45 min ago0.42 bp8.3 bp −$816.8 bp −$168doesn't fitdoesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Injective93.230cheapestBulk93.288+0.062%
Variational Omni93.331+0.108%
ApeX Omni93.429+0.213%Ondo Perps93.430+0.215%edgeX93.453+0.240%Phoenix93.474+0.262%Aftermath Perps93.479+0.267%Bybit93.481+0.269%BloFin93.507+0.297%Hibachi93.517+0.307%Aster93.519+0.310%Extended93.524+0.315%OKX93.530+0.322%Gate93.530+0.322%Bitget93.531+0.323%BingX93.536+0.328%Binance93.539+0.332%Arcus93.541+0.334%KuCoin93.542+0.335%Hotstuff93.545+0.338%Bluefin93.547+0.340%SoDEX93.549+0.342%Phemex93.549+0.342%GMX93.553+0.346%Nado93.553+0.347%Pacifica93.555+0.349%Orderly93.557+0.351%MEXC93.562+0.356%gTrade (Gains Network)93.567+0.362%Aevo93.567+0.362%Vest93.570+0.365%dYdX93.571+0.366%Derive93.575+0.370%Kraken Futures93.584+0.380%Perpl93.585+0.380%Hyperliquid93.586+0.382%Backpack93.591+0.387%Lighter RH93.593+0.389%StandX93.593+0.389%Bullet93.596+0.393%Reya93.599+0.395%Deribit93.601+0.398%Popdex93.610+0.408%Paradex93.615+0.413%Polymarket Perps93.615+0.413%Kalshi93.617+0.415%Coinbase International93.620+0.418%SunX93.623+0.422%
01 Exchange93.630+0.429%
Lighter93.640+0.439%Katana Perps93.640+0.440%RISEx93.659+0.461%HTX93.731+0.537%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective HYPE/USDC PERP−0.108%+0.1001%1h$23K$320K12xas long as short
Bulk HYPE-USD−0.046%+0.0100%1h$211K$10K10xas long as short
Variational Omni HYPElong0.000%+0.0100%8h$29.8M$51.6M—
ApeX Omni HYPEUSDT+0.105%+0.0100%1h$426K$964K50xas long as short
Ondo Perps HYPE-USD.P+0.106%+0.0100%1h$700K$974K10xas long as short
edgeX HYPEUSDC+0.131%+0.0112%4h$5.1M$27.8M30xas long as short
Phoenix HYPE+0.153%+0.0357%1h$296K$1.1M10xas long as short
Aftermath Perps HYPEUSD+0.159%+0.0228%1h$22K$35K10xas long as short
Bybit HYPEUSDT+0.161%−0.0012%8h$327.5M$284.5M75xas long as short
BloFin HYPE-USDT+0.189%+0.0340%4h$17.9M$12.4M75xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hibachi HYPE/USDT-P+0.199%+0.0200%1h$206K$196K7xas long as short
Aster HYPEUSDT+0.201%+0.0100%4h$8.9M$35.7M300xas long as short
Extended HYPE-USD+0.207%+0.0104%1h$18.4M$41.9M50xas long as short
OKX HYPE-USDT-SWAP+0.213%+0.0024%8h$115.9M$314.7M50xas long as short
Gate HYPE_USDT+0.213%+0.0100%4h$44.5M$55.8M75xas long as short
Bitget HYPEUSDT+0.215%+0.0100%4h$228.8M$101.1M75xas long as short
BingX HYPE-USDT+0.220%−0.0012%4h—$52.2M—as long as short
Binance HYPEUSDT+0.223%+0.0100%4h$397.4M$831.4M75xas long as short
Arcus HYPE-USD+0.225%+0.0100%1h$1.2M$4.2M10xas long as short
KuCoin HYPEUSDTM+0.226%+0.0100%4h$43.9M$20.1M75xas long as short
Hotstuff HYPE-PERP+0.230%−0.0080%1h$3K$30725xas long as short
Bluefin HYPE-PERP+0.232%+0.0100%1h$73K$195K20xas long as short
SoDEX HYPE-USD+0.234%+0.0100%1h$2.0M$1.9M10xas long as short
Phemex HYPEUSDT+0.234%+0.0100%8h$12.7M$2.3M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]+0.238%L +0.0348% / S −0.0166%1h$1.5M—100xas long as short
Nado HYPE-PERP+0.239%+0.0100%1h$5.7M$42.6M10xas long as short
Pacifica HYPE+0.241%+0.0100%1h$11.3M$12.3M20xas long as short
Orderly PERP_HYPE_USDC+0.242%−0.0090%4h$170K$373K20xas long as short
MEXC HYPE_USDT+0.248%+0.0100%4h$97.7M$87.2M100xas long as short
gTrade (Gains Network) HYPE/USD+0.253%L +0.0002% / S −0.0001%1h$19K—150xas long as short
Aevo HYPE-PERP+0.253%+0.0104%1h$398K$340K20xas long as short
Vest HYPE-PERP+0.257%+0.0100%1h—$407K5xas long as short
dYdX HYPE-USD+0.257%+0.0086%1h$127K$26K5xas long as short
Derive HYPE-PERP+0.261%+0.0100%1h$16.5M$7.2M10xas long as short
Kraken Futures PF_HYPEUSD+0.272%+0.0609%1h$16.5M$21.3M50xas long as short
Perpl HYPE+0.272%+0.0223%43m$31K$341K10xas long as short
Hyperliquid HYPE+0.273%+0.0200%1h$2.02B$605.7M10xas long as short
Backpack HYPE_USDC_PERP+0.279%+0.0100%1h$8.4M$9.0M20xas long as short
Lighter RH HYPE+0.281%+0.0096%1h$3.2M$12.0M20xas long as short
StandX HYPE-USD+0.281%+0.0100%1h$708K$2.1M20xas long as short
Bullet HYPE-USD+0.285%+0.0100%1h$113K$578K20xas long as short
Reya HYPERUSDPERP+0.287%+0.0225%1h$73K$166K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.290%+0.0284%1h$7.4M$4.6M50xas long as short
Popdex HYPEUSDT+0.299%+0.0096%1h$156K$1.1M50xas long as short
Paradex HYPE-USD-PERP+0.304%+0.0135%8h$337K$288K20xas long as short
Polymarket Perps HYPE-USD+0.305%+0.0100%1h$462K$2.4M20xas long as short
Kalshi KXHYPEPERP+0.307%+0.0123%8h$1.6M$4.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.310%+0.0096%1h$5.0M$5.3M50xas long as short
SunX HYPE-USDT+0.313%+0.0100%4h$32K$1.6M20xas long as short
01 Exchange HYPEUSDshort+0.321%+0.0144%1h$89K$310K20x
Lighter HYPE+0.331%+0.0216%1h$18.7M$58.6M20xas long as short
Katana Perps HYPE-USD+0.331%+0.0099%8h$39K$1.8M10xas long as short
RISEx HYPE/USDC+0.352%+0.0500%1h$2.6M$7.3M20xas long as short
HTX HYPE-USDT+0.429%+0.0460%4h$1.5M$6.8M75xas long as short