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−$52
spread now+0.049%7d average−0.019%fees + slippage, in and out−$59spread needed0.588%
Long on 01 ExchangeShort on Paradex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange HYPEUSD93.2590.0088pay 0.0011% / 1h58m 27s$91K$317K20x
ShortParadex HYPE-USD-PERP93.3050.0116get 0.0116% / 8h6h 58m$337K$287K20x

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
$4.9
Funding while held
$0.84
Slippage, 4 orders
−$47.83
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$53.09
Spread needed to break even
0.588%
Slippage from 01 Exchange: live order book, 47 min ago; Paradex: live order book, 47 min ago.

Cost of waiting

funding view
Funding /8h
+0.0028%
Per $10,000 a day
+$0.84
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, 47 min ago0.05 bp6.7 bp −$715.8 bp −$158doesn't fitdoesn't fit
Sell Paradex live order book, 47 min ago19.37 bp22.4 bp −$2237.1 bp −$371doesn't fitdoesn't fit

HYPE price on every exchange

against the cheapest. Click to use as the short leg.
Injective93.110cheapestHibachi93.151+0.044%BloFin93.185+0.081%OKX93.193+0.089%Kalshi93.198+0.095%Bluefin93.199+0.096%Bybit93.200+0.097%Arcus93.200+0.097%Variational Omni93.203+0.100%Bitget93.203+0.100%Vest93.204+0.101%SoDEX93.210+0.107%Orderly93.216+0.114%Derive93.219+0.117%Aster93.220+0.118%Nado93.221+0.119%Aevo93.225+0.124%KuCoin93.226+0.125%StandX93.230+0.129%GMX93.231+0.130%ApeX Omni93.231+0.130%Reya93.234+0.133%Gate93.235+0.134%Phemex93.242+0.142%Binance93.243+0.142%Perpl93.247+0.147%MEXC93.248+0.148%Katana Perps93.250+0.150%gTrade (Gains Network)93.250+0.150%Hotstuff93.252+0.153%BingX93.252+0.153%Popdex93.254+0.155%Backpack93.254+0.155%Polymarket Perps93.254+0.155%Bullet93.257+0.158%
01 Exchange93.259+0.160%
Ondo Perps93.260+0.161%Extended93.263+0.164%Kraken Futures93.269+0.171%Deribit93.278+0.180%Pacifica93.278+0.180%edgeX93.279+0.182%SunX93.287+0.190%Aftermath Perps93.290+0.193%Coinbase International93.290+0.193%dYdX93.295+0.199%Lighter RH93.296+0.200%
Paradex93.305+0.209%
Bulk93.310+0.215%Lighter93.326+0.233%Hyperliquid93.328+0.234%RISEx93.331+0.237%HTX93.350+0.258%Phoenix93.378+0.288%

HYPE on 54 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective HYPE/USDC PERP−0.160%+0.0082%1h$23K$167K12xas long as short
Hibachi HYPE/USDT-P−0.116%−0.0728%1h$196K$232K7xas long as short
BloFin HYPE-USDT−0.079%+0.0340%4h$17.5M$11.6M75xas long as short
OKX HYPE-USDT-SWAP−0.071%+0.0100%8h$114.8M$311.4M50xas long as short
Kalshi KXHYPEPERP−0.065%+0.0116%8h$1.7M$4.8M2.3xas long as short
Bluefin HYPE-PERP−0.064%+0.0100%1h$73K$186K20xas long as short
Bybit HYPEUSDT−0.063%+0.0100%8h$326.7M$280.9M75xas long as short
Arcus HYPE-USD−0.063%+0.0100%1h$1.2M$3.9M10xas long as short
Variational Omni HYPE−0.060%+0.0100%8h$29.2M$50.2M—as long as short
Bitget HYPEUSDT−0.060%+0.0100%4h$228.2M$100.7M75xas long as short
Show all 54 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Vest HYPE-PERP−0.058%+0.0100%1h—$407K5xas long as short
SoDEX HYPE-USD−0.053%+0.0100%1h$2.0M$2.0M10xas long as short
Orderly PERP_HYPE_USDC−0.046%+0.0041%4h$170K$354K20xas long as short
Derive HYPE-PERP−0.043%+0.0100%1h$16.4M$7.2M10xas long as short
Aster HYPEUSDT−0.042%+0.0100%4h$8.9M$35.2M300xas long as short
Nado HYPE-PERP−0.041%+0.0100%1h$6.4M$43.4M10xas long as short
Aevo HYPE-PERP−0.036%+0.0104%1h$397K$337K20xas long as short
KuCoin HYPEUSDTM−0.035%+0.0100%4h$45.7M$19.9M75xas long as short
StandX HYPE-USD−0.031%+0.0100%1h$672K$2.3M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]−0.030%L +0.0361% / S −0.0182%1h$1.5M—100xas long as short
ApeX Omni HYPEUSDT−0.030%+0.0100%1h$428K$926K50xas long as short
Reya HYPERUSDPERP−0.027%+0.0233%1h$73K$149K15xas long as short
Gate HYPE_USDT−0.026%+0.0100%4h$44.1M$53.2M75xas long as short
Phemex HYPEUSDT−0.018%+0.0100%8h$12.6M$2.4M50xas long as short
Binance HYPEUSDT−0.018%+0.0100%4h$391.8M$843.7M75xas long as short
Perpl HYPE−0.013%+0.0112%43m$32K$348K10xas long as short
MEXC HYPE_USDT−0.012%+0.0100%4h$89.8M$80.5M100xas long as short
Katana Perps HYPE-USD−0.010%+0.0100%8h$40K$1.8M10xas long as short
gTrade (Gains Network) HYPE/USD−0.010%L +0.0002% / S −0.0001%1h$55K—150xas long as short
Hotstuff HYPE-PERP−0.008%−0.0080%1h$3K$30725xas long as short
BingX HYPE-USDT−0.008%+0.0100%4h—$51.2M—as long as short
Popdex HYPEUSDT−0.005%+0.0096%1h$140K$1.2M50xas long as short
Backpack HYPE_USDC_PERP−0.005%+0.0100%1h$8.3M$10.4M20xas long as short
Polymarket Perps HYPE-USD−0.005%+0.0100%1h$458K$2.4M20xas long as short
Bullet HYPE-USD−0.002%+0.0100%1h$113K$563K20xas long as short
01 Exchange HYPEUSDlong0.000%+0.0088%1h$91K$317K20x
Ondo Perps HYPE-USD.P+0.001%+0.0100%1h$700K$984K10xas long as short
Extended HYPE-USD+0.004%+0.0104%1h$18.2M$41.9M50xas long as short
Kraken Futures PF_HYPEUSD+0.011%+0.0257%1h$16.2M$20.8M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.020%+0.0136%1h$7.4M$4.3M50xas long as short
Pacifica HYPE+0.020%+0.0100%1h$11.3M$12.3M20xas long as short
edgeX HYPEUSDC+0.022%+0.0108%4h$5.1M$29.0M30xas long as short
SunX HYPE-USDT+0.030%+0.0100%4h$32K$1.6M20xas long as short
Aftermath Perps HYPEUSD+0.033%+0.0295%1h$22K$34K10xas long as short
Coinbase International HYPE-PERP-INTX+0.033%+0.0200%1h$5.0M$5.3M50xas long as short
dYdX HYPE-USD+0.039%0.0000%1h$127K$26K5xas long as short
Lighter RH HYPE+0.040%+0.0096%1h$3.1M$12.0M20xas long as short
Paradex HYPE-USD-PERPshort+0.049%+0.0116%8h$337K$287K20x
Bulk HYPE-USD+0.055%+0.0100%1h$204K$8K10xas long as short
Lighter HYPE+0.072%+0.0104%1h$18.4M$55.9M20xas long as short
Hyperliquid HYPE+0.074%+0.0620%1h$2.03B$616.0M10xas long as short
RISEx HYPE/USDC+0.077%+0.0611%1h$2.5M$6.8M20xas long as short
HTX HYPE-USDT+0.098%+0.0897%4h$1.5M$7.1M75xas long as short
Phoenix HYPE+0.128%+0.0386%1h$296K$950K10xas long as short