ArbiLayer

HYPE arbitrage

live

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

Best net spread-0.10%Variational → Gate · Perp–Perp
Best perp–perp spread+0.06%Variational → Gate
Markets tracked1811 venues · 11 perp · 7 spot · 0 DEX
Price range0.10%$88.01 – $88.10

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
OKX logoOKXspot$88.09Gate logoGate$88.07 -0.02%-0.22% -0.02%— -0.008%— LS Chart →
MEXC logoMEXCspot$88.09Gate logoGate$88.07 -0.02%-0.22% -0.03%— -0.008%— LS Chart →
KuCoin logoKuCoinspot$88.10Gate logoGate$88.07 -0.03%-0.23% -0.04%— -0.008%— LS Chart →
OKX logoOKXspot$88.09HTX logoHTX$88.06 -0.03%-0.23% -0.03%— +0.015%— LS Chart →
Binance logoBinancespot$88.10Gate logoGate$88.07 -0.04%-0.24% -0.04%— -0.008%— LS Chart →
Gate logoGatespot$88.10Gate logoGate$88.07 -0.04%-0.24% -0.04%— -0.008%— LS Chart →
MEXC logoMEXCspot$88.09HTX logoHTX$88.06 -0.04%-0.24% -0.03%— +0.015%— LS Chart →
Bitget logoBitgetspot$88.10Gate logoGate$88.07 -0.04%-0.24% -0.04%— -0.008%— LS Chart →
OKX logoOKXspot$88.09MEXC logoMEXC$88.05 -0.04%-0.24% -0.04%— +0.013%— LS Chart →
MEXC logoMEXCspot$88.09MEXC logoMEXC$88.05 -0.04%-0.24% -0.04%— +0.013%— LS Chart →
KuCoin logoKuCoinspot$88.10HTX logoHTX$88.06 -0.05%-0.25% -0.04%— +0.015%— LS Chart →
OKX logoOKXspot$88.09Bitget logoBitget$88.05 -0.05%-0.25% -0.04%— +0.030%— LS Chart →
Bybit logoBybitspot$88.11Gate logoGate$88.07 -0.05%-0.25% -0.05%— -0.008%— LS Chart →
Binance logoBinancespot$88.10HTX logoHTX$88.06 -0.05%-0.25% -0.04%— +0.015%— LS Chart →
Gate logoGatespot$88.10HTX logoHTX$88.06 -0.05%-0.25% -0.04%— +0.015%— 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 $88.01$88.02$88.02-0.05% -0.027%$500.27M
OKX logoOKXPerpetual · HYPE-USDT-SWAPPerpetual $88.03$88.03$88.03-0.04% -0.011%$232.24M
Bybit logoBybitPerpetual · HYPEUSDTPerpetual $88.03$88.04$88.04-0.03% -0.089%$229.12M
MEXC logoMEXCPerpetual · HYPE_USDTPerpetual $88.05$88.05$88.05-0.01% +0.013%$75.54M
Bitget logoBitgetPerpetual · HYPEUSDTPerpetual $88.05$88.05$88.05-0.01% +0.030%$57.69M
Variational logoVariationalPerpetual · HYPEPerpetual $88.01$88.02$88.01-0.05% +0.030%$52.09M
Bybit logoBybitSpot · HYPEUSDTSpot $88.10$88.11$88.10+0.05% —$28.64M
OKX logoOKXSpot · HYPE-USDTSpot $88.09$88.09$88.09+0.03% —$25.62M
KuCoin logoKuCoinPerpetual · HYPEUSDTMPerpetual $88.01$88.03$88.02-0.05% +0.012%$24.91M
Gate logoGateSpot · HYPE_USDTSpot $88.08$88.10$88.09+0.03% —$23.39M
Bitget logoBitgetSpot · HYPEUSDTSpot $88.10$88.10$88.10+0.05% —$11.39M
HTX logoHTXPerpetual · HYPE-USDTPerpetual $88.06$88.09$88.07+0.01% +0.015%$5.07M
Gate logoGatePerpetual · HYPE_USDTPerpetual $88.07$88.07$88.07+0.01% -0.008%$4.50M
KuCoin logoKuCoinSpot · HYPE-USDTSpot $88.09$88.10$88.10+0.04% —$4.03M
Binance logoBinancePerpetual · HYPEUSDTPerpetual $88.05$88.05$88.05-0.02% +0.013%—
Aster logoAsterPerpetual · HYPEUSDTPerpetual $88.04$88.05$88.05-0.02% +0.013%—
Binance logoBinanceSpot · HYPEUSDTSpot $88.09$88.10$88.10+0.04% ——
MEXC logoMEXCSpot · HYPEUSDTSpot $88.05$88.09$88.07+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 Variational perp at $88.02 and the highest bid on Bybit spot at $88.10.

The widest HYPE perpetual spread is between Variational and Gate: long HYPE on Variational at $88.02 and short on Gate at $88.07 for +0.06% gross, or -0.10% 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 -0.038% 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 OKX and short the perpetual on Gate: -0.02% gross, -0.22% net, with -0.008% a day of funding on the short leg.

Spot–spot HYPE arbitrage (buy on OKX, withdraw, deposit and sell on Bybit) shows +0.01% 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 Variational → sell on Gate (Perp–Perp): +0.06% gross and -0.10% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest HYPE?

Variational (perp) has the lowest HYPE ask at $88.02, and Bybit (spot) the highest bid at $88.10. 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 (Variational now) and short it on the more expensive one (Gate), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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