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.

After costs, if the gap returns to its 7d average, $10k−$81
spread now+0.039%7d average−0.051%fees + slippage, in and out−$91spread needed0.905%
Long on 01 ExchangeShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange HYPEUSD93.9560.0096pay 0.0012% / 1h43m 13s$83K$285K20x
ShortOKX HYPE-USDT-SWAP93.993−0.0105pay 0.0105% / 8h1h 43m$119.2M$288.5M50x

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
$3.94
Funding while held
−$6.04
Slippage, 4 orders
−$73.52
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee OKX: 5 bp × 2 orders
−$10
Net
−$92.62
Spread needed to break even
0.905%
Slippage from 01 Exchange: live order book, 12 min ago; OKX: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0201%
Per $10,000 a day
−$6.04
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 01 Exchange live order book, 12 min ago0.90 bp30.3 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 2 min ago0.05 bp5.6 bp −$67.8 bp −$7817.8 bp −$1,785doesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Injective93.790cheapestApeX Omni93.792+0.002%StandX93.815+0.027%Hibachi93.820+0.032%edgeX93.845+0.059%Arcus93.870+0.085%Katana Perps93.900+0.117%Hotstuff93.905+0.123%Ondo Perps93.910+0.128%Derive93.912+0.130%Extended93.915+0.134%Perpl93.916+0.135%Reya93.919+0.138%Nado93.925+0.144%Vest93.927+0.146%GMX93.929+0.148%Polymarket Perps93.934+0.154%Aster93.936+0.156%Bullet93.940+0.160%Aevo93.941+0.161%Bluefin93.946+0.166%Orderly93.952+0.173%gTrade (Gains Network)93.952+0.173%Popdex93.954+0.175%
01 Exchange93.956+0.177%
Bybit93.960+0.181%Binance93.966+0.188%Pacifica93.968+0.190%SoDEX93.970+0.192%Phemex93.980+0.203%Variational Omni93.980+0.203%RISEx93.983+0.206%dYdX93.983+0.206%Kalshi93.984+0.207%Lighter RH93.986+0.209%BingX93.987+0.210%BloFin93.987+0.210%Hyperliquid93.990+0.213%
OKX93.993+0.216%
KuCoin93.993+0.216%Bitget94.000+0.224%Backpack94.001+0.225%Gate94.004+0.228%MEXC94.012+0.237%Deribit94.013+0.238%Kraken Futures94.019+0.244%Coinbase International94.020+0.245%Lighter94.021+0.247%SunX94.024+0.249%Paradex94.030+0.256%Bulk94.050+0.277%Aftermath Perps94.050+0.277%Phoenix94.096+0.326%HTX94.142+0.375%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective HYPE/USDC PERP−0.177%+0.0375%1h$24K$259K12xas long as short
ApeX Omni HYPEUSDT−0.175%−0.0004%1h$413K$932K50xas long as short
StandX HYPE-USD−0.150%+0.0100%1h$715K$2.1M20xas long as short
Hibachi HYPE/USDT-P−0.145%−0.0152%1h$201K$175K7xas long as short
edgeX HYPEUSDC−0.118%+0.0040%4h$5.1M$25.1M30xas long as short
Arcus HYPE-USD−0.092%−0.0018%1h$1.2M$4.2M10xas long as short
Katana Perps HYPE-USD−0.060%+0.0099%8h$25K$1.5M10xas long as short
Hotstuff HYPE-PERP−0.054%−0.0080%1h$3K$30725xas long as short
Ondo Perps HYPE-USD.P−0.049%+0.0100%1h$705K$896K10xas long as short
Derive HYPE-PERP−0.047%+0.0100%1h$16.7M$6.8M10xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended HYPE-USD−0.043%+0.0104%1h$18.4M$36.9M50xas long as short
Perpl HYPE−0.042%0.0000%43m$30K$334K10xas long as short
Reya HYPERUSDPERP−0.039%+0.0214%1h$74K$217K15xas long as short
Nado HYPE-PERP−0.032%+0.0100%1h$5.5M$42.0M10xas long as short
Vest HYPE-PERP−0.031%+0.0100%1h—$407K5xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.029%L +0.0345% / S −0.0159%1h$1.5M—100xas long as short
Polymarket Perps HYPE-USD−0.023%+0.0100%1h$481K$2.3M20xas long as short
Aster HYPEUSDT−0.021%−0.0069%4h$8.5M$32.0M300xas long as short
Bullet HYPE-USD−0.017%+0.0100%1h$112K$577K20xas long as short
Aevo HYPE-PERP−0.016%+0.0088%1h$400K$339K20xas long as short
Bluefin HYPE-PERP−0.011%+0.0100%1h$69K$194K20xas long as short
Orderly PERP_HYPE_USDC−0.004%−0.0315%4h$168K$472K20xas long as short
gTrade (Gains Network) HYPE/USD−0.004%L +0.0002% / S −0.0001%1h$33K—150xas long as short
Popdex HYPEUSDT−0.002%+0.0096%1h$77K$1.0M50xas long as short
01 Exchange HYPEUSDlong0.000%+0.0096%1h$83K$285K20x
Bybit HYPEUSDT+0.004%+0.0039%8h$324.9M$272.0M75xas long as short
Binance HYPEUSDT+0.011%+0.0034%4h$393.7M$753.6M75xas long as short
Pacifica HYPE+0.013%+0.0100%1h$11.4M$11.8M20xas long as short
SoDEX HYPE-USD+0.015%+0.0100%1h$2.0M$1.9M10xas long as short
Phemex HYPEUSDT+0.026%+0.0012%8h$12.7M$2.2M50xas long as short
Variational Omni HYPE+0.026%+0.0100%8h$30.0M$49.0M—as long as short
RISEx HYPE/USDC+0.029%+0.0120%1h$2.5M$7.2M20xas long as short
dYdX HYPE-USD+0.029%0.0000%1h$128K$23K5xas long as short
Kalshi KXHYPEPERP+0.030%0.0000%8h$1.6M$3.8M2.3xas long as short
Lighter RH HYPE+0.032%+0.0096%1h$3.1M$10.9M20xas long as short
BingX HYPE-USDT+0.033%−0.0108%4h—$48.4M—as long as short
BloFin HYPE-USDT+0.033%+0.0137%4h$17.8M$11.6M75xas long as short
Hyperliquid HYPE+0.036%+0.0100%1h$2.05B$530.7M10xas long as short
OKX HYPE-USDT-SWAPshort+0.039%−0.0105%8h$119.2M$288.5M50x
KuCoin HYPEUSDTM+0.039%+0.0042%4h$44.8M$19.3M75xas long as short
Bitget HYPEUSDT+0.047%+0.0100%4h$231.0M$89.4M75xas long as short
Backpack HYPE_USDC_PERP+0.048%+0.0100%1h$8.1M$8.4M20xas long as short
Gate HYPE_USDT+0.051%−0.0060%4h$44.4M$54.0M75xas long as short
MEXC HYPE_USDT+0.060%+0.0030%4h$92.2M$80.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.061%+0.0293%1h$7.3M$4.4M50xas long as short
Kraken Futures PF_HYPEUSD+0.067%−0.0294%1h$17.0M$20.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.068%+0.0032%1h$4.9M$5.2M50xas long as short
Lighter HYPE+0.070%+0.0096%1h$18.7M$50.8M20xas long as short
SunX HYPE-USDT+0.072%+0.0100%4h$28K$1.4M20xas long as short
Paradex HYPE-USD-PERP+0.079%+0.0093%8h$338K$287K20xas long as short
Bulk HYPE-USD+0.100%+0.0100%1h$213K$10K10xas long as short
Aftermath Perps HYPEUSD+0.100%−0.0030%1h$22K$34K10xas long as short
Phoenix HYPE+0.149%+0.0152%1h$295K$1.0M10xas long as short
HTX HYPE-USDT+0.198%+0.0161%4h$1.5M$6.3M75xas long as short