ArbiLayer

HYPE arbitrage

live

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

Best net spread-0.04%Variational → HTX · Perp–Perp
Best perp–perp spread+0.12%Variational → HTX
Markets tracked1811 venues · 11 perp · 7 spot · 0 DEX
Price range0.19%$88.23 – $88.40

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybitspot$88.37Binance logoBinancespot$88.38 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
Bybit logoBybitspot$88.37MEXC logoMEXCspot$88.38 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
Gate logoGatespot$88.37Binance logoBinancespot$88.38 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
Gate logoGatespot$88.37MEXC logoMEXCspot$88.38 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
Bitget logoBitgetspot$88.37Binance logoBinancespot$88.38 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
Bitget logoBitgetspot$88.37MEXC logoMEXCspot$88.38 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
Bybit logoBybitspot$88.37OKX logoOKXspot$88.38 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
Gate logoGatespot$88.37OKX logoOKXspot$88.38 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
Bitget logoBitgetspot$88.37OKX logoOKXspot$88.38 +0.00%-0.20% +0.00%— 0.000%— LS Chart →
OKX logoOKXspot$88.38Binance logoBinancespot$88.38 0.00%-0.20% 0.00%— 0.000%— LS Chart →
OKX logoOKXspot$88.38MEXC logoMEXCspot$88.38 0.00%-0.20% 0.00%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$88.38Binance logoBinancespot$88.38 -0.00%-0.20% -0.00%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$88.38MEXC logoMEXCspot$88.38 -0.00%-0.20% -0.00%— 0.000%— LS Chart →
Bybit logoBybitspot$88.37KuCoin logoKuCoinspot$88.37 -0.00%-0.20% -0.00%— 0.000%— LS Chart →
Gate logoGatespot$88.37KuCoin logoKuCoinspot$88.37 -0.00%-0.20% -0.00%— 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 $88.30$88.31$88.30-0.03% -0.036%$565.41M
OKX logoOKXPerpetual · HYPE-USDT-SWAPPerpetual $88.33$88.33$88.33-0.01% -0.017%$257.30M
Bybit logoBybitPerpetual · HYPEUSDTPerpetual $88.31$88.32$88.32-0.02% -0.016%$232.42M
MEXC logoMEXCPerpetual · HYPE_USDTPerpetual $88.33$88.33$88.330.00% +0.011%$80.30M
Bitget logoBitgetPerpetual · HYPEUSDTPerpetual $88.33$88.33$88.33-0.00% +0.030%$61.13M
Variational logoVariationalPerpetual · HYPEPerpetual $88.22$88.23$88.23-0.12% +0.030%$51.49M
Bybit logoBybitSpot · HYPEUSDTSpot $88.36$88.37$88.37+0.04% —$28.51M
KuCoin logoKuCoinPerpetual · HYPEUSDTMPerpetual $88.32$88.34$88.33-0.00% +0.030%$28.02M
OKX logoOKXSpot · HYPE-USDTSpot $88.38$88.38$88.38+0.05% —$26.67M
Gate logoGateSpot · HYPE_USDTSpot $88.35$88.37$88.36+0.03% —$22.53M
Bitget logoBitgetSpot · HYPEUSDTSpot $88.36$88.37$88.37+0.04% —$13.32M
HTX logoHTXPerpetual · HYPE-USDTPerpetual $88.34$88.36$88.35+0.02% +0.015%$5.29M
Gate logoGatePerpetual · HYPE_USDTPerpetual $88.33$88.33$88.33-0.01% +0.003%$4.81M
KuCoin logoKuCoinSpot · HYPE-USDTSpot $88.37$88.38$88.37+0.05% —$4.37M
Binance logoBinancePerpetual · HYPEUSDTPerpetual $88.33$88.33$88.330.00% +0.011%—
Aster logoAsterPerpetual · HYPEUSDTPerpetual $88.33$88.34$88.33-0.00% +0.013%—
Binance logoBinanceSpot · HYPEUSDTSpot $88.38$88.39$88.38+0.06% ——
MEXC logoMEXCSpot · HYPEUSDTSpot $88.38$88.41$88.40+0.07% ——
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 $88.23 and the highest bid on Binance spot at $88.38.

The widest HYPE perpetual spread is between Variational and HTX: long HYPE on Variational at $88.23 and short on HTX at $88.34 for +0.12% gross, or -0.04% 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 -0.015% 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 Bybit and short the perpetual on HTX: -0.04% gross, -0.24% net, with +0.015% a day of funding on the short leg.

Spot–spot HYPE arbitrage (buy on Bybit, withdraw, deposit and sell on Binance) 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 HTX (Perp–Perp): +0.12% gross and -0.04% 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 $88.23, and Binance (spot) the highest bid at $88.38. 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 (HTX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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