# HYPE Arbitrage: Live Price Spreads Across Exchanges

As of 2026-10-03 21:37 UTC, ArbTide tracks HYPE spot and perpetual prices across exchanges. On spot markets, the best route has a 0.08% gross spread, which fees turn into a -0.07% net loss. On perpetual markets, the best route has a 0.21% gross spread, which fees turn into a -0.01% net loss.

## Spot prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| Backpack | [HYPE/USDC](https://backpack.exchange/trade/HYPE_USDC) | 89.463 | 89.464 | 0.001% | $172.1K | 0.100% |
| Bybit | [HYPE/USDT](https://www.bybit.com/en/trade/spot/HYPE/USDT) | 89.46 | 89.47 | 0.011% | $18.5M | 0.100% |
| Bitstamp | [HYPE/USD](https://www.bitstamp.net/markets/hype/usd/) | 89.455 | 89.472 | 0.019% | $1.8M | 0.400% |
| WEEX | [HYPE/USDT](https://www.weex.com/spot/HYPE-USDT) | 89.474 | 89.476 | 0.002% | $15.7M | 0.100% |
| Gate | [HYPE/USDT](https://www.gate.com/trade/HYPE_USDT) | 89.47 | 89.48 | 0.011% | $15.8M | 0.200% |
| Kraken | [HYPE/USD](https://pro.kraken.com/app/trade/hype-usd) | 89.46 | 89.48 | 0.022% | $5.2M | 0.260% |
| HTX | [HYPE/USDT](https://www.htx.com/trade/hype_usdt) | 89.4216 | 89.4844 | 0.070% | $201.7K | 0.200% |
| KuCoin | [HYPE/USDT](https://www.kucoin.com/trade/HYPE-USDT) | 89.465 | 89.488 | 0.026% | $1.6M | 0.200% |
| XT.COM | [HYPE/USDT](https://www.xt.com/en/trade/hype_usdt) | 89.442 | 89.488 | 0.051% | $5.4M | 0.200% |
| BTSE | [HYPE/USDT](https://www.btse.com/en/trading/HYPE-USDT) | 89.483 | 89.489 | 0.007% | $709.6K | 0.020% |
| Binance | [HYPE/USDT](https://www.binance.com/en/trade/HYPE_USDT?type=spot) | 89.48 | 89.49 | 0.011% | $18.3M | 0.100% |
| Bitget | [HYPE/USDT](https://www.bitget.com/spot/HYPEUSDT) | 89.487 | 89.49 | 0.003% | $7.1M | 0.100% |
| DigiFinex | [HYPE/USDT](https://www.digifinex.com/en-ww/trade/USDT/HYPE) | 89.468 | 89.491 | 0.026% | $7.7M | 0.200% |
| CEX.IO | [HYPE/USD](https://trade.cex.io/spot/HYPE-USD) | 89.423 | 89.495 | 0.080% | $43.7 | 0.100% |
| Toobit | [HYPE/USDT](https://www.toobit.com/en-US/spot/HYPE_USDT) | 89.499 | 89.5 | 0.001% | $7.7M | 0.100% |
| OKX | [HYPE/USDT](https://www.okx.com/trade-spot/hype-usdt) | 89.496 | 89.505 | 0.010% | $17.5M | 0.150% |
| BingX | [HYPE/USDT](https://bingx.com/en/spot/HYPEUSDT) | 89.477 | 89.523 | 0.051% | $1.4M | 0.100% |
| Crypto.com | [HYPE/USD](https://crypto.com/exchange/trade/HYPE_USD) | 89.3 | 89.528 | 0.255% | $57K | 0.500% |
| HitBTC | HYPE/USDT | 89.423 | 89.546 | 0.137% | — | 0.250% |
| MEXC | [HYPE/USDT](https://www.mexc.com/exchange/HYPE_USDT) | 89.54 | 89.57 | 0.033% | $1M | 0.050% |
| Bitfinex | [HYPE/USDT](https://trading.bitfinex.com/t/HYPE:UST) | 89.059 | 89.594 | 0.597% | $18.8K | 0.200% |
| Revolut X | [HYPE/USD](https://exchange.revolut.com/trade/HYPE-USD) | 89.521 | 89.5946 | 0.082% | $173.7K | 0.090% |
| BtcTurk | [HYPE/USDT](https://kripto.btcturk.com/pro/al-sat/HYPE_USDT) | 89.53 | 89.728 | 0.221% | $21.2K | 0.090% |
| BigONE | [HYPE/USDT](https://big.one/en/trade/HYPE-USDT) | 89.01 | 89.92 | 1.012% | $151.1K | 0.100% |

### Spot net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | MEXC | BtcTurk | Revolut X | Toobit | OKX | Bitget | BTSE | Binance | BingX | WEEX | Gate | DigiFinex | KuCoin | Backpack | Bybit | Kraken | Bitstamp | XT.COM | CEX.IO | HitBTC | HTX | Crypto.com | Bitfinex | BigONE |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Backpack | -0.07% | -0.12% | -0.13% | -0.16% | -0.21% | -0.17% | -0.10% | -0.18% | -0.19% | -0.19% | -0.29% | -0.30% | -0.30% | — | -0.20% | -0.36% | -0.51% | -0.32% | -0.25% | -0.40% | -0.35% | -0.78% | -0.75% | -0.71% |
| Bybit | -0.07% | -0.12% | -0.13% | -0.17% | -0.22% | -0.18% | -0.11% | -0.19% | -0.19% | -0.20% | -0.30% | -0.30% | -0.31% | -0.21% | — | -0.37% | -0.52% | -0.33% | -0.25% | -0.40% | -0.35% | -0.79% | -0.76% | -0.71% |
| Bitstamp | -0.37% | -0.43% | -0.44% | -0.47% | -0.52% | -0.48% | -0.41% | -0.49% | -0.49% | -0.50% | -0.60% | -0.60% | -0.61% | -0.51% | -0.51% | -0.67% | — | -0.63% | -0.55% | -0.70% | -0.66% | -1.09% | -1.06% | -1.02% |
| WEEX | -0.08% | -0.13% | -0.14% | -0.17% | -0.23% | -0.19% | -0.11% | -0.20% | -0.20% | — | -0.31% | -0.31% | -0.31% | -0.21% | -0.22% | -0.38% | -0.52% | -0.34% | -0.26% | -0.41% | -0.36% | -0.80% | -0.77% | -0.72% |
| Gate | -0.18% | -0.23% | -0.24% | -0.28% | -0.33% | -0.29% | -0.22% | -0.30% | -0.30% | -0.31% | — | -0.41% | -0.42% | -0.32% | -0.32% | -0.48% | -0.63% | -0.44% | -0.36% | -0.51% | -0.47% | -0.90% | -0.87% | -0.83% |
| Kraken | -0.24% | -0.29% | -0.30% | -0.34% | -0.39% | -0.35% | -0.28% | -0.36% | -0.36% | -0.37% | -0.47% | -0.47% | -0.48% | -0.38% | -0.38% | — | -0.69% | -0.50% | -0.42% | -0.57% | -0.53% | -0.96% | -0.93% | -0.89% |
| HTX | -0.19% | -0.24% | -0.25% | -0.28% | -0.34% | -0.30% | -0.22% | -0.30% | -0.31% | -0.31% | -0.42% | -0.42% | -0.42% | -0.32% | -0.33% | -0.49% | -0.63% | -0.45% | -0.37% | -0.52% | — | -0.91% | -0.88% | -0.83% |
| KuCoin | -0.19% | -0.24% | -0.25% | -0.29% | -0.34% | -0.30% | -0.23% | -0.31% | -0.31% | -0.32% | -0.42% | -0.42% | — | -0.33% | -0.33% | -0.49% | -0.64% | -0.45% | -0.37% | -0.52% | -0.47% | -0.91% | -0.88% | -0.83% |
| XT.COM | -0.19% | -0.24% | -0.25% | -0.29% | -0.34% | -0.30% | -0.23% | -0.31% | -0.31% | -0.32% | -0.42% | -0.42% | -0.43% | -0.33% | -0.33% | -0.49% | -0.64% | — | -0.37% | -0.52% | -0.47% | -0.91% | -0.88% | -0.83% |
| BTSE | -0.01% | -0.06% | -0.07% | -0.11% | -0.16% | -0.12% | — | -0.13% | -0.13% | -0.14% | -0.24% | -0.24% | -0.25% | -0.15% | -0.15% | -0.31% | -0.46% | -0.27% | -0.19% | -0.34% | -0.30% | -0.73% | -0.70% | -0.66% |
| Binance | -0.09% | -0.15% | -0.16% | -0.19% | -0.24% | -0.20% | -0.13% | — | -0.21% | -0.22% | -0.32% | -0.32% | -0.33% | -0.23% | -0.23% | -0.39% | -0.54% | -0.35% | -0.27% | -0.42% | -0.38% | -0.81% | -0.78% | -0.74% |
| Bitget | -0.09% | -0.15% | -0.16% | -0.19% | -0.24% | — | -0.13% | -0.21% | -0.21% | -0.22% | -0.32% | -0.32% | -0.33% | -0.23% | -0.23% | -0.39% | -0.54% | -0.35% | -0.27% | -0.42% | -0.38% | -0.81% | -0.78% | -0.74% |
| DigiFinex | -0.20% | -0.25% | -0.26% | -0.29% | -0.34% | -0.30% | -0.23% | -0.31% | -0.32% | -0.32% | -0.42% | — | -0.43% | -0.33% | -0.33% | -0.49% | -0.64% | -0.45% | -0.38% | -0.53% | -0.48% | -0.91% | -0.88% | -0.84% |
| CEX.IO | -0.10% | -0.15% | -0.16% | -0.20% | -0.25% | -0.21% | -0.13% | -0.22% | -0.22% | -0.22% | -0.33% | -0.33% | -0.33% | -0.24% | -0.24% | -0.40% | -0.54% | -0.36% | — | -0.43% | -0.38% | -0.82% | -0.79% | -0.74% |
| Toobit | -0.11% | -0.16% | -0.17% | — | -0.25% | -0.21% | -0.14% | -0.22% | -0.23% | -0.23% | -0.33% | -0.34% | -0.34% | -0.24% | -0.24% | -0.40% | -0.55% | -0.36% | -0.29% | -0.44% | -0.39% | -0.82% | -0.79% | -0.75% |
| OKX | -0.16% | -0.21% | -0.22% | -0.26% | — | -0.27% | -0.19% | -0.28% | -0.28% | -0.28% | -0.39% | -0.39% | -0.39% | -0.30% | -0.30% | -0.46% | -0.61% | -0.42% | -0.34% | -0.49% | -0.44% | -0.88% | -0.85% | -0.80% |
| BingX | -0.13% | -0.18% | -0.19% | -0.23% | -0.28% | -0.24% | -0.16% | -0.25% | — | -0.25% | -0.36% | -0.36% | -0.36% | -0.27% | -0.27% | -0.43% | -0.58% | -0.39% | -0.31% | -0.46% | -0.41% | -0.85% | -0.82% | -0.77% |
| Crypto.com | -0.54% | -0.59% | -0.60% | -0.63% | -0.69% | -0.65% | -0.57% | -0.65% | -0.66% | -0.66% | -0.76% | -0.77% | -0.77% | -0.67% | -0.68% | -0.84% | -0.98% | -0.80% | -0.72% | -0.87% | -0.82% | — | -1.22% | -1.18% |
| HitBTC | -0.31% | -0.36% | -0.37% | -0.40% | -0.46% | -0.42% | -0.34% | -0.42% | -0.43% | -0.43% | -0.53% | -0.54% | -0.54% | -0.44% | -0.45% | -0.61% | -0.75% | -0.57% | -0.49% | — | -0.59% | -1.02% | -0.99% | -0.95% |
| MEXC | — | -0.18% | -0.19% | -0.23% | -0.28% | -0.24% | -0.17% | -0.25% | -0.25% | -0.26% | -0.36% | -0.36% | -0.37% | -0.27% | -0.27% | -0.43% | -0.58% | -0.39% | -0.31% | -0.46% | -0.42% | -0.85% | -0.82% | -0.78% |
| Bitfinex | -0.31% | -0.36% | -0.37% | -0.41% | -0.46% | -0.42% | -0.34% | -0.43% | -0.43% | -0.43% | -0.54% | -0.54% | -0.54% | -0.45% | -0.45% | -0.61% | -0.76% | -0.57% | -0.49% | -0.64% | -0.59% | -1.03% | — | -0.95% |
| Revolut X | -0.20% | -0.25% | — | -0.30% | -0.35% | -0.31% | -0.23% | -0.32% | -0.32% | -0.32% | -0.43% | -0.43% | -0.43% | -0.34% | -0.34% | -0.50% | -0.65% | -0.46% | -0.38% | -0.53% | -0.48% | -0.92% | -0.89% | -0.84% |
| BtcTurk | -0.35% | — | -0.41% | -0.45% | -0.50% | -0.46% | -0.38% | -0.47% | -0.47% | -0.47% | -0.58% | -0.58% | -0.58% | -0.49% | -0.49% | -0.65% | -0.79% | -0.61% | -0.53% | -0.68% | -0.63% | -1.07% | -1.04% | -0.99% |
| BigONE | -0.57% | -0.62% | -0.63% | -0.67% | -0.72% | -0.68% | -0.61% | -0.69% | -0.69% | -0.70% | -0.80% | -0.80% | -0.81% | -0.71% | -0.71% | -0.87% | -1.02% | -0.83% | -0.75% | -0.90% | -0.85% | -1.29% | -1.26% | — |

## Perpetual prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| BTSE | [HYPE/USDT:USDT](https://www.btse.com/en/futures/HYPE-PERP) | 89.426 | 89.427 | 0.001% | $4.2M | 0.055% |
| OKX | [HYPE/USDT:USDT](https://www.okx.com/trade-swap/hype-usdt-swap) | 89.445 | 89.446 | 0.001% | $157.9M | 0.050% |
| KuCoin | [HYPE/USDT:USDT](https://www.kucoin.com/trade/futures/HYPEUSDTM) | 89.433 | 89.448 | 0.017% | $23.3M | 0.060% |
| Bybit | [HYPE/USDT:USDT](https://www.bybit.com/trade/usdt/HYPEUSDT) | 89.44 | 89.45 | 0.011% | $123.6M | 0.060% |
| BingX | [HYPE/USDT:USDT](https://bingx.com/en/perpetual/HYPE-USDT) | 89.449 | 89.45 | 0.001% | $29.4M | 0.050% |
| Lighter | [HYPE/USDC:USDC](https://app.lighter.xyz/trade/HYPE) | 89.4444 | 89.4515 | 0.008% | $28.7M | 0.000% |
| Extended | [HYPE/USDC:USDC](https://app.extended.exchange/perp/HYPE-USD) | 89.453 | 89.454 | 0.001% | $20.1M | 0.200% |
| Backpack | [HYPE/USDC:USDC](https://backpack.exchange/trade/HYPE_USDC_PERP) | 89.456 | 89.457 | 0.001% | $4.6M | 0.100% |
| Gate | [HYPE/USDT:USDT](https://www.gate.com/futures/USDT/HYPE_USDT) | 89.465 | 89.466 | 0.001% | $42.9M | 0.050% |
| Crypto.com | [HYPE/USD:USD](https://crypto.com/exchange/trade/HYPEUSD-PERP) | 89.467 | 89.468 | 0.001% | $8.8K | 0.500% |
| XT.COM | [HYPE/USDT:USDT](https://www.xt.com/en/futures/trade/hype_usdt) | 89.47 | 89.471 | 0.001% | $78.1M | 0.060% |
| MEXC | [HYPE/USDT:USDT](https://www.mexc.com/futures/HYPE_USDT) | 89.474 | 89.475 | 0.001% | $34.5M | 0.020% |
| LBank | [HYPE/USDT:USDT](https://www.lbank.com/futures/hypeusdt) | 89.436 | 89.475 | 0.044% | $387.3M | 0.100% |
| Hyperliquid | [HYPE/USDC:USDC](https://app.hyperliquid.xyz/trade/HYPE) | 89.464 | 89.4754 | 0.013% | $250.9M | 0.045% |
| WEEX | [HYPE/USDT:USDT](https://www.weex.com/futures/HYPE-USDT) | 89.483 | 89.484 | 0.001% | $28.6M | 0.080% |
| Aster | [HYPE/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/HYPEUSDT) | 89.485 | 89.487 | 0.002% | $21.7M | 0.035% |
| Binance | [HYPE/USDT:USDT](https://www.binance.com/en/futures/HYPEUSDT) | 89.49 | 89.491 | 0.001% | $513.9M | 0.050% |
| Toobit | [HYPE/USDT:USDT](https://www.toobit.com/en-US/futures/HYPE-SWAP-USDT) | 89.49 | 89.491 | 0.001% | $61.6M | 0.100% |
| Deepcoin | [HYPE/USDT:USDT](https://www.deepcoin.com/en/swap/HYPE-USDT) | 89.481 | 89.491 | 0.011% | $27.8M | 0.150% |
| Bitget | [HYPE/USDT:USDT](https://www.bitget.com/futures/usdt/HYPEUSDT) | 89.497 | 89.498 | 0.001% | $38.4M | 0.060% |
| DigiFinex | [HYPE/USDT:USDT](https://www.digifinex.com/en-ww/swap/HYPEUSDTPERP) | 89.45 | 89.5 | 0.056% | $69.9M | 0.200% |
| WOOFi Pro | [HYPE/USDC:USDC](https://pro.woofi.com/en/trade/HYPE_PERP) | 89.444 | 89.505 | 0.068% | $216.9K | 0.050% |
| Paradex | [HYPE/USD:USDC](https://app.paradex.trade/trade/HYPE-USD-PERP) | 89.485 | 89.508 | 0.026% | $78.9K | 0.030% |
| Pacifica | [HYPE/USDC:USDC](https://app.pacifica.fi/trade/HYPE) | 89.509 | 89.511 | 0.002% | $1.4M | 0.040% |
| Kraken | [HYPE/USD:USD](https://pro.kraken.com/app/trade/futures-hype-usd-perp) | 89.494 | 89.521 | 0.030% | $20M | 0.050% |
| Bitfinex | [HYPE/USDT:USDT](https://trading.bitfinex.com/t/HYPEF0:USTF0) | 89.445 | 89.531 | 0.096% | $26.5K | 0.200% |
| HTX | [HYPE/USDT:USDT](https://www.htx.com/futures/linear_swap/exchange#contract_code=HYPE-USDT&contract_type=swap&type=cross) | 89.579 | 89.596 | 0.019% | $445.6K | 0.050% |
| WhiteBIT | [HYPE/USDT:USDT](https://whitebit.com/trade/HYPE-PERP?type=futures) | 89.615 | 89.644 | 0.032% | $84.7M | 0.055% |

### Perpetual net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | WhiteBIT | HTX | Pacifica | Bitget | Kraken | Binance | Toobit | Aster | Paradex | WEEX | Deepcoin | MEXC | XT.COM | Crypto.com | Gate | Hyperliquid | Backpack | Extended | DigiFinex | BingX | OKX | Bitfinex | Lighter | WOOFi Pro | Bybit | LBank | KuCoin | BTSE |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| BTSE | -0.01% | -0.04% | -0.10% | -0.15% | -0.14% | -0.14% | -0.24% | -0.12% | -0.11% | -0.21% | -0.35% | -0.10% | -0.18% | -1.07% | -0.17% | -0.16% | -0.28% | -0.48% | -0.48% | -0.19% | -0.19% | -0.49% | -0.09% | -0.19% | -0.22% | -0.30% | -0.22% | — |
| OKX | -0.02% | -0.05% | -0.11% | -0.16% | -0.15% | -0.15% | -0.25% | -0.13% | -0.12% | -0.22% | -0.36% | -0.11% | -0.19% | -1.08% | -0.18% | -0.17% | -0.29% | -0.49% | -0.50% | -0.20% | — | -0.50% | -0.10% | -0.20% | -0.23% | -0.31% | -0.23% | -0.23% |
| KuCoin | -0.04% | -0.07% | -0.13% | -0.19% | -0.17% | -0.17% | -0.27% | -0.15% | -0.14% | -0.24% | -0.38% | -0.13% | -0.22% | -1.10% | -0.20% | -0.19% | -0.31% | -0.51% | -0.52% | -0.22% | -0.22% | -0.52% | -0.12% | -0.22% | -0.25% | -0.33% | — | -0.25% |
| Bybit | -0.05% | -0.08% | -0.13% | -0.19% | -0.17% | -0.18% | -0.28% | -0.15% | -0.14% | -0.24% | -0.39% | -0.13% | -0.22% | -1.10% | -0.20% | -0.19% | -0.31% | -0.52% | -0.52% | -0.22% | -0.23% | -0.53% | -0.13% | -0.23% | — | -0.34% | -0.26% | -0.26% |
| BingX | -0.03% | -0.06% | -0.11% | -0.17% | -0.15% | -0.16% | -0.26% | -0.13% | -0.12% | -0.22% | -0.37% | -0.11% | -0.20% | -1.08% | -0.18% | -0.17% | -0.29% | -0.50% | -0.50% | — | -0.21% | -0.51% | -0.11% | -0.21% | -0.23% | -0.32% | -0.24% | -0.24% |
| Lighter | +0.07% | +0.04% | -0.02% | -0.07% | -0.05% | -0.06% | -0.16% | -0.03% | -0.02% | -0.12% | -0.27% | -0.01% | -0.10% | -0.98% | -0.08% | -0.08% | -0.19% | -0.40% | -0.40% | -0.10% | -0.11% | -0.41% | — | -0.11% | -0.13% | -0.22% | -0.14% | -0.14% |
| Extended | -0.33% | -0.36% | -0.42% | -0.47% | -0.46% | -0.46% | -0.56% | -0.44% | -0.43% | -0.53% | -0.67% | -0.42% | -0.50% | -1.39% | -0.49% | -0.48% | -0.60% | — | -0.80% | -0.51% | -0.51% | -0.81% | -0.41% | -0.51% | -0.54% | -0.62% | -0.54% | -0.54% |
| Backpack | -0.13% | -0.16% | -0.22% | -0.28% | -0.26% | -0.26% | -0.36% | -0.24% | -0.23% | -0.33% | -0.47% | -0.22% | -0.31% | -1.19% | -0.29% | -0.28% | — | -0.60% | -0.61% | -0.31% | -0.31% | -0.61% | -0.21% | -0.31% | -0.34% | -0.42% | -0.35% | -0.34% |
| Gate | -0.04% | -0.07% | -0.13% | -0.19% | -0.17% | -0.17% | -0.27% | -0.15% | -0.14% | -0.24% | -0.38% | -0.13% | -0.22% | -1.10% | — | -0.19% | -0.31% | -0.51% | -0.52% | -0.22% | -0.22% | -0.52% | -0.12% | -0.22% | -0.25% | -0.33% | -0.26% | -0.25% |
| Crypto.com | -0.95% | -0.98% | -1.03% | -1.09% | -1.07% | -1.08% | -1.18% | -1.05% | -1.04% | -1.14% | -1.29% | -1.03% | -1.12% | — | -1.10% | -1.09% | -1.21% | -1.42% | -1.42% | -1.12% | -1.13% | -1.43% | -1.03% | -1.13% | -1.15% | -1.24% | -1.16% | -1.16% |
| XT.COM | -0.07% | -0.10% | -0.16% | -0.21% | -0.19% | -0.20% | -0.30% | -0.17% | -0.16% | -0.27% | -0.41% | -0.16% | — | -1.12% | -0.23% | -0.22% | -0.34% | -0.54% | -0.54% | -0.24% | -0.25% | -0.55% | -0.15% | -0.25% | -0.27% | -0.36% | -0.28% | -0.28% |
| MEXC | +0.01% | -0.02% | -0.08% | -0.14% | -0.12% | -0.12% | -0.22% | -0.10% | -0.09% | -0.19% | -0.33% | — | -0.17% | -1.05% | -0.15% | -0.14% | -0.26% | -0.46% | -0.47% | -0.17% | -0.17% | -0.47% | -0.07% | -0.17% | -0.20% | -0.28% | -0.21% | -0.20% |
| LBank | -0.15% | -0.18% | -0.24% | -0.30% | -0.28% | -0.28% | -0.38% | -0.26% | -0.25% | -0.35% | -0.49% | -0.24% | -0.33% | -1.21% | -0.31% | -0.30% | -0.42% | -0.62% | -0.63% | -0.33% | -0.33% | -0.63% | -0.23% | -0.33% | -0.36% | — | -0.37% | -0.36% |
| Hyperliquid | -0.04% | -0.07% | -0.13% | -0.19% | -0.17% | -0.17% | -0.27% | -0.15% | -0.14% | -0.24% | -0.38% | -0.13% | -0.22% | -1.10% | -0.20% | — | -0.31% | -0.52% | -0.52% | -0.22% | -0.22% | -0.52% | -0.12% | -0.23% | -0.25% | -0.33% | -0.26% | -0.26% |
| WEEX | -0.12% | -0.15% | -0.21% | -0.27% | -0.25% | -0.25% | -0.35% | -0.23% | -0.22% | — | -0.46% | -0.21% | -0.30% | -1.18% | -0.28% | -0.27% | -0.39% | -0.59% | -0.60% | -0.30% | -0.30% | -0.60% | -0.20% | -0.30% | -0.33% | -0.41% | -0.34% | -0.33% |
| Aster | -0.04% | -0.07% | -0.13% | -0.18% | -0.16% | -0.17% | -0.27% | — | -0.13% | -0.23% | -0.38% | -0.12% | -0.21% | -1.09% | -0.19% | -0.19% | -0.30% | -0.51% | -0.51% | -0.21% | -0.22% | -0.52% | -0.12% | -0.22% | -0.24% | -0.33% | -0.25% | -0.25% |
| Binance | -0.07% | -0.10% | -0.16% | -0.21% | -0.20% | — | -0.30% | -0.18% | -0.17% | -0.27% | -0.41% | -0.16% | -0.24% | -1.13% | -0.23% | -0.22% | -0.34% | -0.54% | -0.55% | -0.25% | -0.25% | -0.55% | -0.15% | -0.25% | -0.28% | -0.36% | -0.28% | -0.28% |
| Toobit | -0.17% | -0.20% | -0.26% | -0.31% | -0.30% | -0.30% | — | -0.28% | -0.27% | -0.37% | -0.51% | -0.26% | -0.34% | -1.23% | -0.33% | -0.32% | -0.44% | -0.64% | -0.65% | -0.35% | -0.35% | -0.65% | -0.25% | -0.35% | -0.38% | -0.46% | -0.38% | -0.38% |
| Deepcoin | -0.27% | -0.30% | -0.36% | -0.41% | -0.40% | -0.40% | -0.50% | -0.38% | -0.37% | -0.47% | — | -0.36% | -0.44% | -1.33% | -0.43% | -0.42% | -0.54% | -0.74% | -0.75% | -0.45% | -0.45% | -0.75% | -0.35% | -0.45% | -0.48% | -0.56% | -0.48% | -0.48% |
| Bitget | -0.10% | -0.13% | -0.19% | — | -0.22% | -0.23% | -0.33% | -0.20% | -0.19% | -0.30% | -0.44% | -0.19% | -0.27% | -1.15% | -0.26% | -0.25% | -0.37% | -0.57% | -0.57% | -0.27% | -0.28% | -0.58% | -0.18% | -0.28% | -0.30% | -0.39% | -0.31% | -0.31% |
| DigiFinex | -0.38% | -0.41% | -0.47% | -0.52% | -0.51% | -0.51% | -0.61% | -0.49% | -0.48% | -0.58% | -0.72% | -0.47% | -0.55% | -1.44% | -0.54% | -0.53% | -0.65% | -0.85% | — | -0.56% | -0.56% | -0.86% | -0.46% | -0.56% | -0.59% | -0.67% | -0.59% | -0.59% |
| WOOFi Pro | -0.09% | -0.12% | -0.18% | -0.23% | -0.21% | -0.22% | -0.32% | -0.19% | -0.18% | -0.28% | -0.43% | -0.17% | -0.26% | -1.14% | -0.24% | -0.24% | -0.35% | -0.56% | -0.56% | -0.26% | -0.27% | -0.57% | -0.17% | — | -0.29% | -0.38% | -0.30% | -0.30% |
| Paradex | -0.05% | -0.08% | -0.14% | -0.19% | -0.18% | -0.18% | -0.28% | -0.16% | — | -0.25% | -0.39% | -0.14% | -0.22% | -1.11% | -0.21% | -0.20% | -0.32% | -0.52% | -0.52% | -0.23% | -0.23% | -0.53% | -0.13% | -0.23% | -0.26% | -0.34% | -0.26% | -0.26% |
| Pacifica | -0.07% | -0.10% | — | -0.22% | -0.20% | -0.20% | -0.30% | -0.18% | -0.17% | -0.27% | -0.41% | -0.16% | -0.25% | -1.13% | -0.23% | -0.22% | -0.34% | -0.54% | -0.55% | -0.25% | -0.25% | -0.55% | -0.15% | -0.25% | -0.28% | -0.36% | -0.29% | -0.28% |
| Kraken | -0.10% | -0.14% | -0.19% | -0.25% | — | -0.23% | -0.33% | -0.21% | -0.20% | -0.30% | -0.44% | -0.19% | -0.28% | -1.16% | -0.26% | -0.25% | -0.37% | -0.58% | -0.58% | -0.28% | -0.28% | -0.58% | -0.19% | -0.29% | -0.31% | -0.39% | -0.32% | -0.32% |
| Bitfinex | -0.42% | -0.45% | -0.50% | -0.56% | -0.54% | -0.55% | -0.65% | -0.52% | -0.51% | -0.61% | -0.76% | -0.50% | -0.59% | -1.47% | -0.57% | -0.56% | -0.68% | -0.89% | -0.89% | -0.59% | -0.60% | — | -0.50% | -0.60% | -0.62% | -0.71% | -0.63% | -0.63% |
| HTX | -0.19% | — | -0.28% | -0.33% | -0.31% | -0.32% | -0.42% | -0.29% | -0.28% | -0.39% | -0.53% | -0.28% | -0.36% | -1.24% | -0.35% | -0.34% | -0.46% | -0.66% | -0.66% | -0.36% | -0.37% | -0.67% | -0.27% | -0.37% | -0.39% | -0.48% | -0.40% | -0.40% |
| WhiteBIT | — | -0.28% | -0.34% | -0.39% | -0.38% | -0.38% | -0.48% | -0.36% | -0.35% | -0.45% | -0.59% | -0.34% | -0.42% | -1.31% | -0.41% | -0.40% | -0.52% | -0.72% | -0.73% | -0.43% | -0.43% | -0.73% | -0.33% | -0.43% | -0.46% | -0.54% | -0.47% | -0.46% |

## Frequently asked questions

### Is there a HYPE arbitrage opportunity right now?

No. The best HYPE routes do not cover taker fees at the moment.

### Which exchange has the cheapest HYPE?

Lowest ask price: Spot: Backpack at 89.464; Perpetual: BTSE at 89.427.

### How is the net spread calculated?

Net spread = (best bid on the sell exchange − best ask on the buy exchange) ÷ best ask − taker fees. Spot routes pay one taker fee per exchange. Perpetual routes pay two per exchange, to open and to close. Max profit is read from both order books, so it includes slippage, and spot routes also subtract the withdrawal fee.