HL vs CEX pairs ≥ $1M OI / leg
50
coins on Hyperliquid and a CEX
Widest HL vs CEX
0.4748% SAGA
≈ 519.9% 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 -1.8075% ↗ | HL -1.3328% ↗ | 0.4748% | 519.9% | — | — | not enough history | — | APR calc |
| REZ | Binance 0.0100% ↗ | HL 0.1229% ↗ | 0.1129% | 123.6% | — | — | not enough history | — | APR calc |
| BIO | Binance 0.0100% ↗ | HL 0.1154% ↗ | 0.1054% | 115.4% | — | — | not enough history | — | APR calc |
| BSV | Bitget 0.0100% ↗ | HL 0.1148% ↗ | 0.1048% | 114.8% | — | — | not enough history | — | APR calc |
| APEX | Bybit 0.0100% ↗ | HL 0.1104% ↗ | 0.1004% | 110.0% | — | — | not enough history | — | APR calc |
| 2Z | Binance -0.0900% ↗ | HL 0.0100% ↗ | 0.1000% | 109.5% | — | — | not enough history | — | APR calc |
| GOAT | Bybit 0.0100% ↗ | HL 0.1057% ↗ | 0.0957% | 104.8% | — | — | not enough history | — | APR calc |
| AZTEC | Bybit 0.0100% ↗ | HL 0.0990% ↗ | 0.0890% | 97.4% | — | — | not enough history | — | APR calc |
| INJ | KuCoin -0.0701% ↗ | HL 0.0100% ↗ | 0.0801% | 87.7% | — | — | not enough history | — | APR calc |
| AERO | Bybit 0.0100% ↗ | HL 0.0891% ↗ | 0.0791% | 86.6% | — | — | not enough history | — | APR calc |
| AR | Binance 0.0100% ↗ | HL 0.0820% ↗ | 0.0720% | 78.8% | — | — | not enough history | — | APR calc |
| MINA | HL -0.0517% ↗ | Binance 0.0100% ↗ | 0.0617% | 67.6% | — | — | not enough history | — | APR calc |
| GRIFFAIN | HL 0.0100% ↗ | Binance 0.0695% ↗ | 0.0595% | 65.1% | — | — | not enough history | — | APR calc |
| BONK | Binance 0.0100% ↗ | HL 0.0659% ↗ | 0.0559% | 61.3% | — | — | not enough history | — | APR calc |
| SKR | HL 0.0100% ↗ | Bitget 0.0644% ↗ | 0.0544% | 59.6% | — | — | not enough history | — | APR calc |
| MORPHO | Binance 0.0100% ↗ | HL 0.0623% ↗ | 0.0523% | 57.3% | — | — | not enough history | — | APR calc |
| EIGEN | Binance 0.0100% ↗ | HL 0.0619% ↗ | 0.0519% | 56.8% | — | — | not enough history | — | APR calc |
| RESOLV | Binance 0.0100% ↗ | HL 0.0602% ↗ | 0.0502% | 55.0% | — | — | not enough history | — | APR calc |
| KAITO | Binance 0.0100% ↗ | HL 0.0584% ↗ | 0.0484% | 53.0% | — | — | not enough history | — | APR calc |
| PNUT | Binance 0.0100% ↗ | HL 0.0580% ↗ | 0.0480% | 52.5% | — | — | not enough history | — | APR calc |
| MNT | Bybit 0.0100% ↗ | HL 0.0570% ↗ | 0.0470% | 51.4% | — | — | not enough history | — | APR calc |
| ZRO | Binance 0.0100% ↗ | HL 0.0549% ↗ | 0.0449% | 49.1% | — | — | not enough history | — | APR calc |
| NEAR | Binance 0.0064% ↗ | HL 0.0505% ↗ | 0.0441% | 48.3% | — | — | not enough history | — | APR calc |
| CFX | MEXC 0.0100% ↗ | HL 0.0526% ↗ | 0.0426% | 46.7% | — | — | not enough history | — | APR calc |
| OP | Gate -0.0321% ↗ | HL 0.0100% ↗ | 0.0421% | 46.1% | — | — | not enough history | — | APR calc |
| VVV | Binance 0.0100% ↗ | HL 0.0491% ↗ | 0.0391% | 42.8% | — | — | not enough history | — | APR calc |
| PONS | HL 0.0396% ↗ | Bitget 0.0776% ↗ | 0.0380% | 41.6% | — | — | not enough history | — | APR calc |
| TRX | HL -0.0510% ↗ | Bitget -0.0138% ↗ | 0.0372% | 40.7% | — | — | not enough history | — | APR calc |
| FARTCOIN | HL 0.0128% ↗ | Gate 0.0492% ↗ | 0.0364% | 39.8% | — | — | not enough history | — | APR calc |
| ETC | Binance 0.0100% ↗ | HL 0.0449% ↗ | 0.0349% | 38.2% | — | — | not enough history | — | APR calc |
| LDO | Gate -0.0079% ↗ | HL 0.0248% ↗ | 0.0327% | 35.8% | — | — | not enough history | — | APR calc |
| TAO | MEXC 0.0100% ↗ | HL 0.0420% ↗ | 0.0320% | 35.0% | — | — | not enough history | — | APR calc |
| RUNE | Bybit -0.0200% ↗ | HL 0.0100% ↗ | 0.0300% | 32.8% | — | — | not enough history | — | APR calc |
| ARB | MEXC -0.0185% ↗ | HL 0.0100% ↗ | 0.0285% | 31.2% | — | — | not enough history | — | APR calc |
| DYDX | Binance 0.0100% ↗ | HL 0.0380% ↗ | 0.0280% | 30.6% | — | — | not enough history | — | APR calc |
| XPL | Binance 0.0100% ↗ | HL 0.0374% ↗ | 0.0274% | 30.0% | — | — | not enough history | — | APR calc |
| MON | Bybit -0.0163% ↗ | HL 0.0100% ↗ | 0.0263% | 28.8% | — | — | not enough history | — | APR calc |
| GRASS | Bybit 0.0100% ↗ | HL 0.0362% ↗ | 0.0262% | 28.7% | — | — | not enough history | — | APR calc |
| WLFI | Bybit -0.0332% ↗ | HL -0.0079% ↗ | 0.0253% | 27.7% | — | — | not enough history | — | APR calc |
| VIRTUAL | MEXC 0.0100% ↗ | HL 0.0346% ↗ | 0.0246% | 27.0% | — | — | not enough history | — | APR calc |
| AAVE | Bitget -0.0143% ↗ | HL 0.0100% ↗ | 0.0243% | 26.6% | — | — | not enough history | — | APR calc |
| CAKE | Bybit -0.0139% ↗ | HL 0.0100% ↗ | 0.0239% | 26.1% | — | — | not enough history | — | APR calc |
| XLM | Binance 0.0100% ↗ | HL 0.0339% ↗ | 0.0239% | 26.1% | — | — | not enough history | — | APR calc |
| SYRUP | HL 0.0100% ↗ | KuCoin 0.0326% ↗ | 0.0226% | 24.7% | — | — | not enough history | — | APR calc |
| WLD | Binance 0.0100% ↗ | HL 0.0325% ↗ | 0.0225% | 24.6% | — | — | not enough history | — | APR calc |
| ETHFI | Binance 0.0100% ↗ | HL 0.0321% ↗ | 0.0221% | 24.2% | — | — | not enough history | — | APR calc |
| TIA | Binance 0.0100% ↗ | HL 0.0316% ↗ | 0.0216% | 23.6% | — | — | not enough history | — | APR calc |
| WIF | MEXC 0.0100% ↗ | HL 0.0313% ↗ | 0.0213% | 23.3% | — | — | not enough history | — | APR calc |
| CHIP | Bybit -0.0111% ↗ | HL 0.0100% ↗ | 0.0211% | 23.1% | — | — | not enough history | — | APR calc |
| ZEC | Bybit 0.0052% ↗ | HL 0.0263% ↗ | 0.0211% | 23.1% | — | — | 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 | |
|---|---|---|---|---|---|---|---|---|---|
| IREN | HL xyz:IREN 0.0087% ↗ | HL para:IREN 0.1422% ↗ | 0.1335% | 146.2% | — | — | not enough history | — | APR calc |
| AVGO | HL para:AVGO -0.0405% ↗ | HL xyz:AVGO 0.0050% ↗ | 0.0455% | 49.9% | — | — | not enough history | — | APR calc |
| NBIS | HL io:NBIS 0.0040% ↗ | HL xyz:NBIS 0.0331% ↗ | 0.0291% | 31.8% | — | — | not enough history | — | APR calc |
| UNITREE | HL xyz:UNITREE 0.0050% ↗ | HL para:UNITREE 0.0114% ↗ | 0.0064% | 7.0% | — | — | not enough history | — | APR calc |
| SNDK | HL io:SNDK 0.0013% ↗ | HL xyz:SNDK 0.0050% ↗ | 0.0038% | 4.1% | — | — | 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 | HL para:ANSEM -0.1484% ↗ | MEXC 0.0400% ↗ | 0.1884% | 206.3% | — | — | not enough history | — | APR calc |
| IREN | Bybit 0.0081% ↗ | HL para:IREN 0.1422% ↗ | 0.1341% | 146.9% | — | — | not enough history | — | APR calc |
| RKLB | Bybit 0.0000% ↗ | HL xyz:RKLB 0.1195% ↗ | 0.1195% | 130.8% | — | — | not enough history | — | APR calc |
| ZHIPU | HL xyz:ZHIPU -0.0732% ↗ | Bybit 0.0000% ↗ | 0.0732% | 80.1% | — | — | not enough history | — | APR calc |
| NBIS | HL io:NBIS 0.0040% ↗ | Bybit 0.0516% ↗ | 0.0475% | 52.0% | — | — | not enough history | — | APR calc |
| TTWO | HL para:TTWO -0.0426% ↗ | Bybit 0.0000% ↗ | 0.0426% | 46.7% | — | — | not enough history | — | APR calc |
| AVGO | HL para:AVGO -0.0405% ↗ | Bybit 0.0000% ↗ | 0.0405% | 44.4% | — | — | not enough history | — | APR calc |
| BMNR | Bybit 0.0000% ↗ | HL xyz:BMNR 0.0300% ↗ | 0.0300% | 32.9% | — | — | not enough history | — | APR calc |
| WDC | Bybit 0.0000% ↗ | HL xyz:WDC 0.0297% ↗ | 0.0297% | 32.5% | — | — | not enough history | — | APR calc |
| BE | HL xyz:BE 0.0077% ↗ | Bybit 0.0364% ↗ | 0.0287% | 31.5% | — | — | not enough history | — | APR calc |
| COHR | Bybit -0.0014% ↗ | HL para:COHR 0.0265% ↗ | 0.0279% | 30.6% | — | — | not enough history | — | APR calc |
| CRWD | HL xyz:CRWD -0.0241% ↗ | Bybit 0.0000% ↗ | 0.0241% | 26.3% | — | — | not enough history | — | APR calc |
| KORU | Bybit 0.0000% ↗ | HL xyz:KORU 0.0217% ↗ | 0.0217% | 23.8% | — | — | not enough history | — | APR calc |
| BABA | Bybit 0.0000% ↗ | HL xyz:BABA 0.0215% ↗ | 0.0215% | 23.5% | — | — | not enough history | — | APR calc |
| CL | HL xyz:CL -0.0196% ↗ | Bybit 0.0000% ↗ | 0.0196% | 21.4% | — | — | not enough history | — | APR calc |
| GBP | HL xyz:GBP 0.0000% ↗ | MEXC 0.0168% ↗ | 0.0168% | 18.4% | — | — | not enough history | — | APR calc |
| CXMT | Bybit 0.0000% ↗ | HL xyz:CXMT 0.0149% ↗ | 0.0149% | 16.3% | — | — | not enough history | — | APR calc |
| SOXL | HL xyz:SOXL -0.0143% ↗ | Bybit 0.0000% ↗ | 0.0143% | 15.7% | — | — | not enough history | — | APR calc |
| NOW | Bybit 0.0000% ↗ | HL xyz:NOW 0.0139% ↗ | 0.0139% | 15.2% | — | — | not enough history | — | APR calc |
| AAOI | Bybit -0.0030% ↗ | HL xyz:AAOI 0.0099% ↗ | 0.0129% | 14.2% | — | — | not enough history | — | APR calc |
| DRAM | Bybit 0.0000% ↗ | HL xyz:DRAM 0.0123% ↗ | 0.0123% | 13.5% | — | — | not enough history | — | APR calc |
| UNITREE | Bybit 0.0000% ↗ | HL para:UNITREE 0.0114% ↗ | 0.0114% | 12.5% | — | — | not enough history | — | APR calc |
| CRCL | HL xyz:CRCL 0.0050% ↗ | Bybit 0.0146% ↗ | 0.0096% | 10.5% | — | — | not enough history | — | APR calc |
| ORCL | HL xyz:ORCL -0.0083% ↗ | Bybit 0.0000% ↗ | 0.0083% | 9.1% | — | — | not enough history | — | APR calc |
| NVDA | Bybit 0.0000% ↗ | HL xyz:NVDA 0.0067% ↗ | 0.0067% | 7.4% | — | — | 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.