HYPE arbitrage between BingX and OKX: we compare the price of HYPE on BingX (spot) and OKX (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Hyperliquid

Hyperliquid is a layer one (L1) blockchain best known for perpetual futures and spot trading. Beyond its flagship DEX trading platform, the ecosystem supports borrowing, lending, real world assets (RWAs), and a full-fledged Ethereum Virtual Machine (EVM), making it a leading force in decentralized finance (defi). Just as electronic trading dramatically improved markets in the 2000s, Hyperliquid offers an opportunity for a massive technical upgrade of the existing financial system through a transparent, efficient, and resilient blockchain. HYPE is the native token of the Hyperliquid blockchain, with a maximum supply of 1 billion.

Decentralized Exchange (DEX), Smart Contract Platform, Exchange-based Tokens, Decentralized Finance (DeFi)

HYPE: BingX — deposit open, withdrawal open; OKX — deposit open, withdrawal open.

Open interest in HYPE right now — $2.1B: HyperLiquid $1.3B, Binance $267.9M, Bybit $224.8M, Bitget $155.6M, OKX $71.5M. See OI HYPE.

News about HYPE

About HYPE arbitrage

How do I read the HYPE spread?

The spread is how many percent higher HYPE trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on BingX and OKX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get HYPE alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.