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Hyperliquid (HYPE) arbitrage

HYPE on 32 exchanges spot and 32 in futures: live routes, past spreads and how long they last.

Prices at · open routes a minute older; real time in the scanners on paid plans · How we count

Price
$76.4615
24h volume
$1.6B
Exchanges
39
32 spot · 32 futures
Routes now
1
0 take · 1 risky
Gaps in 7 days
3,613
2,505 over a minute

Hyperliquid (HYPE) right now

HYPE is cheapest on Bitfinex ($76.3142) and dearest on BTSE ($76.4813): 0.22% apart across 26 exchanges with a liquid spot market, before fees.

1 route in profit after fees is worth a look ("take" or "risky"); the best: MEXC → Pacifica, 0.03%.

Over 7 days a spread in profit opened 3,613 times, and 2,505 of them lasted a minute or longer; one usually closed within 3 min 40 s.

Funding per 8 hours runs from −0.0112% on Bitget to 0.0866% on XT, across 27 exchanges (outliers, markets under $50k a day and exchanges publishing no volume left out).

Hyperliquid (HYPE) arbitrage opportunities now

Spot and futures, no transfer

LongShortSpreadSize at best priceVerdict
MEXC perpPacifica0.033%—Risky
Aster perpPacifica0.002%$6.11Avoid

Hyperliquid (HYPE) arbitrage strategy

No HYPE route worth taking with an open transfer right now. Gaps of a minute or longer open several times a week, though — here is how to catch the next one:

  1. Watch BTSE → Phemex: the spread opened there 69 times in 7 days, 69 of them for a minute or longer; it usually lasts 7 min 32 s.
  2. Check the transfer in advance: BTSE or Phemex does not publish its network status.
  3. Set an alert on the route: you hear when the spread pays after fees. Then buy on BTSE and sell on Phemex.

The route and its alert →

Hyperliquid (HYPE) price on every exchange

Refreshed every 10 seconds. The best buy and sell prices are highlighted.

Spot · 32

ExchangeBidAskBook spread24h volume
HyperliquidHYPE/USDC76.389076.39200.00%$49.3M
BybitHYPE/USDT76.461076.46200.00%$27.8M
GateHYPE/USDT76.450076.46000.01%$24.1M
BinanceHYPE/USDT76.460076.47000.01%$21.2M
TokocryptoHYPE/USDT76.460076.47000.01%$21.2M
OKXHYPE/USDC76.375076.37600.00%$17.4M
CoinbaseHYPE/USDC76.370076.39000.03%$16.3M
CoinbaseHYPE/USD76.370076.39000.03%$16.3M
Coinbase ExchangeHYPE/USD76.370076.39000.03%$16.2M
OKXHYPE/USDT76.455076.46200.01%$16.1M
BitgetHYPE/USDT76.457076.46200.01%$14.6M
WhiteBITHYPE/USDT76.320076.44000.16%$10.1M

Perpetual futures · 32

ExchangeBidAskBook spreadFunding24h volume
HyperliquidHYPE/USDC76.373076.37400.00%0.0013%/1h$424.8M
OKXHYPE/USDT76.425076.42600.00%0.0100%/8h$131.4M
BybitHYPE/USDT76.420076.42100.00%0.0100%/8h$121.6M
WhiteBITHYPE/USDT76.384076.50500.16%0.0050%/4h$68.1M
XTHYPE/USDT76.424076.42500.00%0.0433%/4h$62.9M
DigiFinexHYPE/USDT76.410076.46000.07%0.0290%/8h$57.4M
BitgetHYPE/USDT76.411076.41300.00%−0.0056%/4h$55.1M
ToobitHYPE/USDT76.432076.43300.00%0.0044%/4h$51.3M
MEXCHYPE/USDT76.424076.42500.00%0.0041%/4h$48.7M
BigONEHYPE/USDT76.407076.44700.05%0.0247%/4h$41.1M
LighterHYPE/USDC76.429676.44000.01%0.0012%/1h$37.8M
DeepcoinHYPE/USDT76.420076.42900.01%0.0080%/4h$30M

How often Hyperliquid (HYPE) spreads open

Exchange pairs between which the price drifted apart with a profit after fees over 7 days. “Over a minute” counts the gaps that held for a minute or longer: those can be caught. The rest are flashes of seconds that close before an order arrives.

MarketRouteOver a minuteGapsMedian lifetime
spot → spotBTSE spot → Phemex spot69697 min 32 s
spot → spotBinance spot USDC → Phemex spot61636 min 15 s
spot → spotOKX spot → Phemex spot61636 min 21 s
spot → spotHyperliquid spot USDC → Phemex spot61627 min 21 s
spot → spotBinance spot → Phemex spot60616 min 06 s
spot → spotBTSE spot USD → Phemex spot60616 min 53 s
spot → spotBitrue spot → Phemex spot58614 min 59 s
spot → spotBinance.US spot USD → Phemex spot58605 min 42 s
spot → spotMEXC spot → Phemex spot58596 min 51 s
spot → spotOKX spot USDC → Phemex spot57596 min 42 s
spot → spotWEEX spot → Phemex spot56595 min 36 s
spot → spotBitget spot → Phemex spot55596 min 00 s
spot → spotLBank spot → Phemex spot55566 min 51 s
spot → spotBackpack spot USDC → Phemex spot51573 min 39 s
spot → spotBybit spot → Phemex spot51564 min 11 s
spot → spotPhemex spot → BTSE spot USD50583 min 42 s
perp ↔ perpHyperliquid perp → Pacifica perp505612 min 44 s
spot → spotToobit spot → Phemex spot47503 min 51 s
perp ↔ perpGate perp → Pacifica perp444621 min 33 s
spot → spotKuCoin spot → Phemex spot42463 min 18 s

Networks, deposits and withdrawals

Whether the coin can be moved between exchanges: withdrawals open where you buy and deposits open where you sell. Refreshed every 5 minutes.

NetworkExchangeDepositWithdrawWithdrawal fee
BASECoinbasebasen/an/a—
Coinbase Exchangebasen/an/a—
HYPEBinanceopenopen0.0001 HYPE
Bitfinexopenopen—
Bitrueopenopen0.02 HYPE
Bitstamphypeopenopen—
Bitvavoopenopen0.0043 HYPE
DigiFinexclosedclosed2 HYPE
Gateopenopen—
KuCoinhypeclosedopen0.07 HYPE
Phemexn/an/a—
HYPECOREPhemexn/an/a—
HYPEEVMBitrueopenopen0.02 HYPE
Gateopenopen—
HitBTCopenopen0.1309 HYPE
XTopenopen0.006583 HYPE
HYPERBybitHYPEREVMopenopen0.025 HYPE
OKXHYPE-HyperEVMopenopen0.000011 HYPE
HYPEREVMBackpackHyperEVMopenopen0.001 HYPE
BigONEHyperEVMopenopen0.05 HYPE
BitgetHyperEvmopenn/a0.01315 HYPE
BTSEopenopen0.025 HYPE
CEX.IOhyperevmopenopen0.025 HYPE
Geminihyperevmn/an/a—
HTXhyperlqdopenopen0.0001 HYPE
KuCoinhyperevmopenopen0.025 HYPE
LBankhyperevmn/aopen0.0129 HYPE
MEXCopenopen0.0005 HYPE
Toobitopenopen0.00005 HYPE
WEEXopenopen0.03 HYPE
WhiteBITopenopen0.0065 HYPE
WOO XHyperEVMclosedopen0.07 HYPE
HYPERLIQUIDCoinbasehyperliquidn/an/a—
Coinbase Exchangehyperliquidn/an/a—
LBankhyperliquidn/aopen0.03 HYPE

Gaps of a minute or longer, last 7 days

When (UTC)MarketRouteSpreadLastedTransfer
Oct 24, 10:34 PMperp ↔ perpMEXC → Lighter0.104%3 min 21 s—
Oct 24, 10:29 PMperp ↔ perpGate → Pacifica0.220%8 min 36 s—
Oct 24, 09:34 PMspot → spotBitrue → BingX0.125%1 min 21 sTransfer status unknown
Oct 24, 09:34 PMspot → spotWhiteBIT → BingX0.182%13 min 21 sTransfer status unknown
Oct 24, 09:07 PMspot → spotWhiteBIT → BingX0.129%10 min 48 sTransfer status unknown
Oct 24, 08:00 PMperp ↔ perpGate → Backpack0.103%1 min 27 s—
Oct 24, 08:00 PMperp ↔ perpBingX → Pacifica0.115%7 min 27 s—
Oct 24, 08:00 PMperp ↔ perpGate → Lighter0.105%1 min 30 s—
Oct 24, 08:00 PMperp ↔ perpGate → Pacifica0.222%11 min 54 s—
Oct 24, 08:00 PMperp ↔ perpToobit → Pacifica0.109%2 min 45 s—
Oct 24, 07:59 PMperp ↔ perpBitget → Pacifica0.108%12 min 06 s—
Oct 24, 06:23 PMperp ↔ perpMEXC → Backpack0.292%15 min 21 s—
Oct 24, 06:23 PMperp ↔ perpBitget → Backpack0.259%3 min 18 s—
Oct 24, 06:23 PMperp ↔ perpAster → Backpack0.270%3 min 06 s—
Oct 24, 06:23 PMperp ↔ perpOKX → Backpack0.229%1 min 39 s—
Oct 24, 06:23 PMperp ↔ perpBinance → Backpack0.237%1 min 39 s—
Oct 24, 04:49 PMperp ↔ perpGate → Lighter0.114%2 min 21 s—
Oct 24, 04:33 PMperp ↔ perpGate → Pacifica0.129%21 min 33 s—
Oct 24, 04:05 PMspot → spotLBank → BTSE0.102%1 min 24 sTransfer status unknown
Oct 24, 04:05 PMperp ↔ perpXT → Pacifica0.106%1 min 24 s—
Oct 24, 04:05 PMperp ↔ perpBingX → Lighter0.101%1 min 24 s—
Oct 24, 04:04 PMperp ↔ perpBitget → Pacifica0.107%6 min 21 s—
Oct 24, 04:04 PMperp ↔ perpHyperliquid → Pacifica0.101%1 min 54 s—
Oct 24, 04:03 PMperp ↔ perpToobit → Lighter0.105%3 min 12 s—
Oct 24, 03:57 PMperp ↔ perpBingX → Pacifica0.122%14 min 45 s—
Oct 24, 03:57 PMperp ↔ perpBinance → Pacifica0.122%14 min 00 s—
Oct 24, 03:31 PMperp ↔ perpHyperliquid → Pacifica0.147%3 min 12 s—
Oct 24, 03:25 PMperp ↔ perpGate → Lighter0.170%9 min 24 s—
Oct 24, 03:25 PMperp ↔ perpBitget → Pacifica0.156%9 min 21 s—
Oct 24, 03:25 PMperp ↔ perpHyperliquid → Pacifica0.130%2 min 42 s—
Oct 24, 03:24 PMspot → spotBTSE → Phemex0.355%1 min 15 sTransfer was closed
Oct 24, 03:16 PMperp ↔ perpHTX → Pacifica0.101%6 min 36 s—
Oct 24, 03:16 PMspot → spotBitrue → Phemex0.260%4 min 18 sTransfer status unknown
Oct 24, 03:15 PMspot → spotGate → Phemex0.196%4 min 30 sTransfer status unknown
Oct 24, 03:15 PMspot → spotKuCoin → Phemex0.189%4 min 39 sTransfer status unknown
Oct 24, 03:15 PMspot → spotDigiFinex → Phemex0.176%4 min 24 sTransfer was closed
Oct 24, 03:15 PMspot → spotToobit → Phemex0.181%4 min 24 sTransfer was closed
Oct 24, 03:15 PMspot → spotWhiteBIT → Phemex0.202%4 min 18 sTransfer was closed
Oct 24, 03:15 PMspot → spotKuCoin → Phemex0.119%4 min 15 sTransfer status unknown
Oct 24, 03:15 PMspot → spotKraken → Phemex0.167%4 min 15 sTransfer status unknown
Oct 24, 03:15 PMspot → spotBybit → Phemex0.220%4 min 36 sTransfer was closed
Oct 24, 03:15 PMspot → spotBackpack → Phemex0.202%4 min 24 sTransfer was closed
Oct 24, 03:15 PMspot → spotXT → Phemex0.176%4 min 24 sTransfer was closed
Oct 24, 03:15 PMspot → spotHyperliquid → Phemex0.288%5 min 54 sTransfer status unknown
Oct 24, 03:15 PMspot → spotOKX → Phemex0.294%5 min 51 sTransfer was closed
Oct 24, 03:15 PMspot → spotOKX → Phemex0.298%5 min 33 sTransfer was closed
Oct 24, 03:15 PMspot → spotWEEX → Phemex0.300%5 min 21 sTransfer was closed
Oct 24, 03:15 PMspot → spotBingX → Phemex0.225%4 min 24 sTransfer status unknown
Oct 24, 03:15 PMspot → spotOKX → Bitrue0.248%1 min 00 sTransfer was closed
Oct 24, 03:15 PMspot → spotHyperliquid → Bitrue0.207%1 min 00 sTransfer status unknown

Spread at the peak after taker fees. Lifetime is measured to about 3 s.

More on Hyperliquid (HYPE)

HYPE funding rates by exchange →

HYPE trades on: Hyperliquid, OKX, Bybit, WhiteBIT, XT, Bitget, DigiFinex, Toobit, Gate, MEXC, Coinbase, Binance and 27 more

HYPE listings in 30 days

FAQ

Why is the Hyperliquid (HYPE) spread so high on some exchanges?

1 route in profit after fees is worth a look ("take" or "risky"); the engine's commonest warnings: even when the prices meet, closing crosses each leg's bid-ask spread, and that eats the profit; best-level size unknown. We have no network status from Hyperliquid, Tokocrypto and Kraken +4, so a transfer there cannot be checked.

Where is Hyperliquid (HYPE) cheapest to buy?

Cheapest now on Bitfinex: $76.3142; dearest on BTSE: $76.4813, 0.22% apart. 26 exchanges with a liquid HYPE market compared, at the mid between bid and ask.

Can I transfer Hyperliquid (HYPE) between Bitfinex and BTSE?

Not now: Bitfinex and BTSE share no network with both withdrawals and deposits open. The networks' status is checked every 5 minutes; the networks table below shows what is open.

Is there an arbitrage opportunity in Hyperliquid (HYPE) right now?

Yes, in futures (no transfer: a long and a short): 1 route is worth a look ("take" or "risky"), the first MEXC → Pacifica, 0.03%, marked "risky".

Not on spot after fees: no spot route earns right now. The widest price gap is 0.22% (Bitfinex → BTSE), and trading fees and the withdrawal eat it. In 7 days, gaps of a minute or longer opened most often between BTSE and Phemex: 69 times.

What is the Hyperliquid (HYPE) spread now?

0.22% between the cheapest (Bitfinex) and the dearest (BTSE) exchange, before fees. No route worth taking with an open transfer right now.