HL vs CEX pairs ≥ $1M OI / leg
50
coins on Hyperliquid and a CEX
Widest HL vs CEX
0.8625% SAGA
≈ 944.5% APRlong Bybit · short HL
HIP-3 builder pairs ≥ $500K OI / leg
5
same asset, two builders
HIP-3 vs native / CEX
25
prices checked to match
Hyperliquid vs CEX funding spreads
One leg on Hyperliquid (native perp), the other on a centralised exchange| Coin | Long leg | Short leg | Spread / 8h | APR | 24h avg | 7d avg | Held | Streak | |
|---|---|---|---|---|---|---|---|---|---|
| SAGA | Bybit -2.1789% ↗ | HL -1.3164% ↗ | 0.8625% | 944.5% | — | — | not enough history | — | APR calc |
| MINA | HL -0.1477% ↗ | Bybit 0.0100% ↗ | 0.1577% | 172.7% | — | — | not enough history | — | APR calc |
| BSV | Bitget 0.0100% ↗ | HL 0.1390% ↗ | 0.1290% | 141.2% | — | — | not enough history | — | APR calc |
| REZ | Binance 0.0100% ↗ | HL 0.1161% ↗ | 0.1061% | 116.2% | — | — | not enough history | — | APR calc |
| GRIFFAIN | HL 0.0100% ↗ | Binance 0.1104% ↗ | 0.1004% | 110.0% | — | — | not enough history | — | APR calc |
| AZTEC | Binance 0.0100% ↗ | HL 0.1014% ↗ | 0.0914% | 100.0% | — | — | not enough history | — | APR calc |
| MORPHO | Binance 0.0100% ↗ | HL 0.1003% ↗ | 0.0903% | 98.8% | — | — | not enough history | — | APR calc |
| CFX | MEXC 0.0100% ↗ | HL 0.0904% ↗ | 0.0804% | 88.1% | — | — | not enough history | — | APR calc |
| BONK | Binance 0.0100% ↗ | HL 0.0889% ↗ | 0.0789% | 86.4% | — | — | not enough history | — | APR calc |
| SKY | Binance 0.0100% ↗ | HL 0.0772% ↗ | 0.0672% | 73.6% | — | — | not enough history | — | APR calc |
| 2Z | Binance 0.0016% ↗ | HL 0.0688% ↗ | 0.0672% | 73.6% | — | — | not enough history | — | APR calc |
| PONS | HL 0.0202% ↗ | Bitget 0.0834% ↗ | 0.0632% | 69.1% | — | — | not enough history | — | APR calc |
| APEX | Bybit 0.0100% ↗ | HL 0.0687% ↗ | 0.0587% | 64.3% | — | — | not enough history | — | APR calc |
| MON | Bybit -0.0181% ↗ | HL 0.0391% ↗ | 0.0572% | 62.6% | — | — | not enough history | — | APR calc |
| XPL | Binance 0.0100% ↗ | HL 0.0633% ↗ | 0.0533% | 58.4% | — | — | not enough history | — | APR calc |
| BIO | Binance 0.0100% ↗ | HL 0.0606% ↗ | 0.0506% | 55.4% | — | — | not enough history | — | APR calc |
| GRASS | Bybit 0.0100% ↗ | HL 0.0605% ↗ | 0.0505% | 55.3% | — | — | not enough history | — | APR calc |
| AERO | Binance 0.0100% ↗ | HL 0.0579% ↗ | 0.0479% | 52.5% | — | — | not enough history | — | APR calc |
| SYRUP | MEXC 0.0036% ↗ | HL 0.0510% ↗ | 0.0474% | 51.9% | — | — | not enough history | — | APR calc |
| RUNE | Bybit -0.0249% ↗ | HL 0.0215% ↗ | 0.0464% | 50.8% | — | — | not enough history | — | APR calc |
| NEAR | Binance 0.0100% ↗ | HL 0.0553% ↗ | 0.0453% | 49.6% | — | — | not enough history | — | APR calc |
| INJ | KuCoin -0.0338% ↗ | HL 0.0100% ↗ | 0.0438% | 48.0% | — | — | not enough history | — | APR calc |
| WLD | Binance 0.0100% ↗ | HL 0.0535% ↗ | 0.0435% | 47.7% | — | — | not enough history | — | APR calc |
| VIRTUAL | MEXC 0.0100% ↗ | HL 0.0507% ↗ | 0.0407% | 44.6% | — | — | not enough history | — | APR calc |
| GRAM | Bybit 0.0100% ↗ | HL 0.0496% ↗ | 0.0396% | 43.4% | — | — | not enough history | — | APR calc |
| DOGE | Bybit 0.0039% ↗ | HL 0.0431% ↗ | 0.0392% | 43.0% | — | — | not enough history | — | APR calc |
| PUMP | Binance 0.0100% ↗ | HL 0.0454% ↗ | 0.0354% | 38.8% | — | — | not enough history | — | APR calc |
| DYDX | Binance 0.0100% ↗ | HL 0.0452% ↗ | 0.0352% | 38.6% | — | — | not enough history | — | APR calc |
| MNT | Bybit 0.0100% ↗ | HL 0.0431% ↗ | 0.0331% | 36.3% | — | — | not enough history | — | APR calc |
| PENGU | Gate -0.0220% ↗ | HL 0.0100% ↗ | 0.0320% | 35.0% | — | — | not enough history | — | APR calc |
| FARTCOIN | HL 0.0100% ↗ | KuCoin 0.0420% ↗ | 0.0320% | 35.0% | — | — | not enough history | — | APR calc |
| SUI | Bitget -0.0030% ↗ | HL 0.0284% ↗ | 0.0314% | 34.4% | — | — | not enough history | — | APR calc |
| AAVE | Bitget -0.0202% ↗ | HL 0.0100% ↗ | 0.0302% | 33.1% | — | — | not enough history | — | APR calc |
| DASH | KuCoin -0.0136% ↗ | HL 0.0163% ↗ | 0.0299% | 32.8% | — | — | not enough history | — | APR calc |
| ETHFI | Bybit 0.0023% ↗ | HL 0.0320% ↗ | 0.0297% | 32.5% | — | — | not enough history | — | APR calc |
| RESOLV | Binance 0.0100% ↗ | HL 0.0388% ↗ | 0.0288% | 31.6% | — | — | not enough history | — | APR calc |
| LDO | Gate -0.0185% ↗ | HL 0.0100% ↗ | 0.0285% | 31.2% | — | — | not enough history | — | APR calc |
| GOAT | Binance 0.0100% ↗ | HL 0.0381% ↗ | 0.0281% | 30.7% | — | — | not enough history | — | APR calc |
| TRX | Binance -0.0496% ↗ | HL -0.0227% ↗ | 0.0269% | 29.4% | — | — | not enough history | — | APR calc |
| HYPE | Gate -0.0150% ↗ | HL 0.0100% ↗ | 0.0250% | 27.4% | — | — | not enough history | — | APR calc |
| BOME | Bybit -0.0145% ↗ | HL 0.0100% ↗ | 0.0245% | 26.8% | — | — | not enough history | — | APR calc |
| ETC | Binance 0.0100% ↗ | HL 0.0334% ↗ | 0.0234% | 25.6% | — | — | not enough history | — | APR calc |
| JUP | Binance 0.0100% ↗ | HL 0.0316% ↗ | 0.0216% | 23.7% | — | — | not enough history | — | APR calc |
| LINEA | MEXC 0.0100% ↗ | HL 0.0269% ↗ | 0.0169% | 18.5% | — | — | not enough history | — | APR calc |
| VVV | Gate 0.0060% ↗ | HL 0.0221% ↗ | 0.0161% | 17.6% | — | — | not enough history | — | APR calc |
| SOL | Gate -0.0054% ↗ | HL 0.0100% ↗ | 0.0154% | 16.9% | — | — | not enough history | — | APR calc |
| SKR | HL 0.0100% ↗ | Bitget 0.0230% ↗ | 0.0130% | 14.2% | — | — | not enough history | — | APR calc |
| BTC | Gate -0.0036% ↗ | HL 0.0094% ↗ | 0.0130% | 14.2% | — | — | not enough history | — | APR calc |
| DOT | Bitget -0.0025% ↗ | HL 0.0100% ↗ | 0.0125% | 13.7% | — | — | not enough history | — | APR calc |
| ICP | KuCoin -0.0025% ↗ | HL 0.0100% ↗ | 0.0125% | 13.7% | — | — | not enough history | — | APR calc |
HIP-3 legs: the same asset on two builders
Both legs HIP-3 markets on different deployers| Coin | Long leg | Short leg | Spread / 8h | APR | 24h avg | 7d avg | Held | Streak | |
|---|---|---|---|---|---|---|---|---|---|
| NBIS | HL xyz:NBIS -0.0621% ↗ | HL io:NBIS 0.0013% ↗ | 0.0633% | 69.3% | — | — | not enough history | — | APR calc |
| IREN | HL xyz:IREN -0.0442% ↗ | HL para:IREN 0.0017% ↗ | 0.0460% | 50.3% | — | — | not enough history | — | APR calc |
| AVGO | HL xyz:AVGO 0.0094% ↗ | HL para:AVGO 0.0481% ↗ | 0.0387% | 42.4% | — | — | not enough history | — | APR calc |
| UNITREE | HL xyz:UNITREE 0.0050% ↗ | HL para:UNITREE 0.0250% ↗ | 0.0200% | 21.9% | — | — | not enough history | — | APR calc |
| SNDK | HL io:SNDK 0.0015% ↗ | HL xyz:SNDK 0.0050% ↗ | 0.0035% | 3.9% | — | — | not enough history | — | APR calc |
HIP-3 legs against native Hyperliquid or a CEX
One HIP-3 leg, one native Hyperliquid or CEX perp at the same price| Coin | Long leg | Short leg | Spread / 8h | APR | 24h avg | 7d avg | Held | Streak | |
|---|---|---|---|---|---|---|---|---|---|
| ANSEM | MEXC 0.0400% ↗ | HL para:ANSEM 0.3795% ↗ | 0.3395% | 371.7% | — | — | not enough history | — | APR calc |
| NBIS | HL xyz:NBIS -0.0621% ↗ | Bybit 0.0000% ↗ | 0.0621% | 68.0% | — | — | not enough history | — | APR calc |
| TTWO | HL para:TTWO -0.0555% ↗ | Bybit 0.0000% ↗ | 0.0555% | 60.8% | — | — | not enough history | — | APR calc |
| AAOI | Bybit 0.0000% ↗ | HL xyz:AAOI 0.0540% ↗ | 0.0540% | 59.1% | — | — | not enough history | — | APR calc |
| AVGO | Bybit 0.0000% ↗ | HL para:AVGO 0.0481% ↗ | 0.0481% | 52.7% | — | — | not enough history | — | APR calc |
| COHR | Bybit 0.0000% ↗ | HL para:COHR 0.0466% ↗ | 0.0466% | 51.0% | — | — | not enough history | — | APR calc |
| IREN | HL xyz:IREN -0.0442% ↗ | Bybit 0.0000% ↗ | 0.0442% | 48.4% | — | — | not enough history | — | APR calc |
| SPCX | HTX 0.0000% ↗ | HL xyz:SPCX 0.0384% ↗ | 0.0384% | 42.1% | — | — | not enough history | — | APR calc |
| NATGAS | KuCoin 0.0230% ↗ | HL xyz:NATGAS 0.0543% ↗ | 0.0313% | 34.3% | — | — | not enough history | — | APR calc |
| INTC | HL xyz:INTC -0.0287% ↗ | Bybit 0.0000% ↗ | 0.0287% | 31.4% | — | — | not enough history | — | APR calc |
| UNITREE | Bybit 0.0000% ↗ | HL para:UNITREE 0.0250% ↗ | 0.0250% | 27.4% | — | — | not enough history | — | APR calc |
| GBP | HL xyz:GBP 0.0000% ↗ | MEXC 0.0188% ↗ | 0.0188% | 20.6% | — | — | not enough history | — | APR calc |
| MU | Bybit 0.0000% ↗ | HL xyz:MU 0.0180% ↗ | 0.0180% | 19.7% | — | — | not enough history | — | APR calc |
| BE | Bybit 0.0000% ↗ | HL xyz:BE 0.0164% ↗ | 0.0164% | 18.0% | — | — | not enough history | — | APR calc |
| WDC | Bybit 0.0000% ↗ | HL xyz:WDC 0.0164% ↗ | 0.0164% | 17.9% | — | — | not enough history | — | APR calc |
| SOXL | HL xyz:SOXL 0.0204% ↗ | Bybit 0.0359% ↗ | 0.0155% | 17.0% | — | — | not enough history | — | APR calc |
| QCOM | Bybit 0.0000% ↗ | HL xyz:QCOM 0.0139% ↗ | 0.0139% | 15.2% | — | — | not enough history | — | APR calc |
| BMNR | Bybit 0.0000% ↗ | HL xyz:BMNR 0.0123% ↗ | 0.0123% | 13.5% | — | — | not enough history | — | APR calc |
| SKHY | Bybit 0.0000% ↗ | HL xyz:SKHY 0.0088% ↗ | 0.0088% | 9.6% | — | — | not enough history | — | APR calc |
| CRCL | HL xyz:CRCL 0.0057% ↗ | Bybit 0.0135% ↗ | 0.0078% | 8.5% | — | — | not enough history | — | APR calc |
| TSM | Bybit 0.0000% ↗ | HL xyz:TSM 0.0058% ↗ | 0.0058% | 6.4% | — | — | not enough history | — | APR calc |
| ZHIPU | HL xyz:ZHIPU -0.0055% ↗ | Bybit 0.0000% ↗ | 0.0055% | 6.0% | — | — | not enough history | — | APR calc |
| CL | Bybit 0.0000% ↗ | HL xyz:CL 0.0050% ↗ | 0.0050% | 5.5% | — | — | not enough history | — | APR calc |
| DRAM | Bybit 0.0000% ↗ | HL xyz:DRAM 0.0050% ↗ | 0.0050% | 5.5% | — | — | not enough history | — | APR calc |
| SNDK | HTX 0.0000% ↗ | HL xyz:SNDK 0.0050% ↗ | 0.0050% | 5.5% | — | — | not enough history | — | APR calc |
How to read it. Go long the leg with lower funding and short the leg with higher funding; price moves roughly cancel and you collect the spread. Rates are per 8 hours: Hyperliquid and HIP-3 markets pay every hour, so their hourly rate is shown × 8. Held is the share of hours over the last 7 days in which the same two markets had the spread in today's direction, from the hourly rates this site records; streak is how many of the most recent hours it held without a break.
A HIP-3 ticker can mean a different asset than a CEX ticker of the same name (para:STX is Seagate, STX on Binance is Stacks), so pairs are only listed when the two prices agree within 25%. Check each leg's order book, fees and open interest cap before trading. Work out the return after fees with the arbitrage APR calculator.