Why is the SHEEP spread so high on some exchanges?

No SHEEP route is in profit after fees now; a wide gap usually means a thin book, closed withdrawals or another token under the ticker. We have no network status from Hyperliquid, so a transfer there cannot be checked.

SHEEP arbitrage

As of 2026-10-28 02:35 UTC, SHEEP has fewer than two exchanges with a liquid spot market, so there is no route between exchanges.

SHEEP on 1 exchange spot and 0 in futures: live routes, past spreads and how long they last.

Prices at 02:35 UTC · open routes a minute older; real time in the scanners on paid plans · How we count

Price: —
24h volume: —
Exchanges: 1; 1 spot · 0 futures
Routes now: 0; 0 take · 0 risky
Gaps in 7 days: 0

SHEEP right now

No route in profit after fees is worth a look right now.

SHEEP arbitrage opportunities now

No route is profitable after fees right now.

SHEEP arbitrage strategy

No SHEEP route worth taking with an open transfer right now. Fresh routes are in the scanner.

SHEEP price on every exchange

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

Spot · 1

Exchange	Bid	Ask	Book spread	24h volume
HyperliquidSHEEP/USDC	0.00319000	0.022399	150.13%	no trades

How often SHEEP 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.

No gaps in the last 7 days.

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.

Network	Exchange	Deposit	Withdraw	Withdrawal fee
ETH	LATOKENERC20	n/a	n/a	—

Gaps of a minute or longer, last 7 days

None of the recent gaps held for a minute or longer.

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

More on SHEEP

SHEEP trades on: Hyperliquid

FAQ

Why is the SHEEP spread so high on some exchanges?: No SHEEP route is in profit after fees now; a wide gap usually means a thin book, closed withdrawals or another token under the ticker. We have no network status from Hyperliquid, so a transfer there cannot be checked.