ArbiLayer

HYPE arbitrage

live

Live Hyperliquid price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.12%Bybit → HTX · Perp–Perp
Best perp–perp spread+0.04%Bybit → HTX
Markets tracked1811 venues · 11 perp · 7 spot · 0 DEX
Price range0.09%$89.03 – $89.10

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$89.03HTX logoHTX$89.07 +0.04%-0.12% +0.04%— -0.004%— LS Chart →
Gate logoGate$89.03HTX logoHTX$89.07 +0.04%-0.12% +0.04%— -0.007%— LS Chart →
Variational logoVariational$89.04HTX logoHTX$89.07 +0.04%-0.12% +0.03%— -0.015%— LS Chart →
KuCoin logoKuCoin$89.04HTX logoHTX$89.07 +0.03%-0.13% +0.03%— -0.015%— LS Chart →
Bybit logoBybit$89.03OKX logoOKX$89.06 +0.03%-0.13% +0.03%— +0.005%— LS Chart →
Hyperliquid logoHyperliquid$89.05HTX logoHTX$89.07 +0.03%-0.13% +0.03%— -0.013%— LS Chart →
Bybit logoBybit$89.03Binance logoBinance$89.05 +0.03%-0.13% +0.02%— +0.011%— LS Chart →
Bybit logoBybit$89.03MEXC logoMEXC$89.05 +0.02%-0.14% +0.02%— +0.011%— LS Chart →
Gate logoGate$89.03OKX logoOKX$89.06 +0.02%-0.14% +0.03%— +0.003%— LS Chart →
Bitget logoBitget$89.05HTX logoHTX$89.07 +0.02%-0.14% +0.02%— -0.015%— LS Chart →
Aster logoAster$89.05HTX logoHTX$89.07 +0.02%-0.14% +0.02%— -0.015%— LS Chart →
Variational logoVariational$89.04OKX logoOKX$89.06 +0.02%-0.14% +0.02%— -0.006%— LS Chart →
Gate logoGate$89.03Binance logoBinance$89.05 +0.02%-0.14% +0.02%— +0.008%— LS Chart →
Gate logoGate$89.03MEXC logoMEXC$89.05 +0.02%-0.14% +0.02%— +0.008%— LS Chart →
Variational logoVariational$89.04Binance logoBinance$89.05 +0.02%-0.14% +0.01%— +0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

HYPE price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Hyperliquid logoHyperliquidPerpetual · HYPEPerpetual $89.04$89.05$89.04-0.02% +0.028%$519.10M
OKX logoOKXPerpetual · HYPE-USDT-SWAPPerpetual $89.06$89.06$89.06+0.00% +0.024%$235.56M
Bybit logoBybitPerpetual · HYPEUSDTPerpetual $89.02$89.03$89.03-0.03% +0.019%$210.96M
MEXC logoMEXCPerpetual · HYPE_USDTPerpetual $89.05$89.05$89.05-0.00% +0.030%$76.09M
Bitget logoBitgetPerpetual · HYPEUSDTPerpetual $89.05$89.05$89.05-0.01% +0.030%$58.16M
Variational logoVariationalPerpetual · HYPEPerpetual $89.03$89.04$89.03-0.03% +0.030%$48.94M
OKX logoOKXSpot · HYPE-USDTSpot $89.09$89.10$89.10+0.05% —$33.22M
KuCoin logoKuCoinPerpetual · HYPEUSDTMPerpetual $89.03$89.04$89.03-0.02% +0.030%$27.03M
Bybit logoBybitSpot · HYPEUSDTSpot $89.07$89.08$89.07+0.02% —$26.72M
Gate logoGateSpot · HYPE_USDTSpot $89.05$89.07$89.06+0.01% —$25.71M
Bitget logoBitgetSpot · HYPEUSDTSpot $89.10$89.10$89.10+0.05% —$10.19M
Gate logoGatePerpetual · HYPE_USDTPerpetual $89.03$89.03$89.03-0.02% +0.022%$5.70M
HTX logoHTXPerpetual · HYPE-USDTPerpetual $89.07$89.09$89.08+0.03% +0.015%$5.49M
KuCoin logoKuCoinSpot · HYPE-USDTSpot $89.08$89.09$89.09+0.03% —$3.69M
Binance logoBinancePerpetual · HYPEUSDTPerpetual $89.05$89.05$89.05-0.00% +0.030%—
Aster logoAsterPerpetual · HYPEUSDTPerpetual $89.05$89.05$89.05-0.01% +0.030%—
Binance logoBinanceSpot · HYPEUSDTSpot $89.08$89.09$89.09+0.03% ——
MEXC logoMEXCSpot · HYPEUSDTSpot $89.05$89.08$89.07+0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

HYPE arbitrage explained

Right now Hyperliquid (HYPE) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $89.03 and the highest bid on Bitget spot at $89.10.

The widest HYPE perpetual spread is between Bybit and HTX: long HYPE on Bybit at $89.03 and short on HTX at $89.07 for +0.04% gross, or -0.12% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.004% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best HYPE route is to buy spot on Gate and short the perpetual on HTX: -0.00% gross, -0.20% net, with +0.015% a day of funding on the short leg.

Spot–spot HYPE arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.03% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small HYPE gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: HYPE funding rates · HYPE spread charts · Hyperliquid price · arbitrage scanner for all coins.

Is there a HYPE arbitrage opportunity right now?

The best HYPE route right now is to buy on Bybit → sell on HTX (Perp–Perp): +0.04% gross and -0.12% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest HYPE?

Bybit (perp) has the lowest HYPE ask at $89.03, and Bitget (spot) the highest bid at $89.10. Prices update every 15 seconds on this page.

How many exchanges list HYPE?

ArbiLayer tracks 18 HYPE markets on 11 venues: 11 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage HYPE without transferring coins?

Use two perpetual contracts: go long HYPE on the cheaper exchange (Bybit now) and short it on the more expensive one (HTX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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