Early access·Soft launch — data analytics only (no order execution). Feeds may be partial. Not financial advice. Sources·Terms·Account

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HYPE Spot / index

Partial

Observed venue spots vs index mid · not executable arb · research terminal, not an OMS

HYPEAggregated · 3 venuesQuotes: USDC · USD

Partial· M unavailable· 3 observed venue spots· data analytics · not order executionData sources →

M · offline· BBO + L2 + perp premium · observed, not cash-and-carry arb

Observed venue spots vs index mid · as of 31s · 3 venues · not executable arb · research terminal, not an OMS

Consensus spot index (mid)

$89

Average of 3 observed venues

Max venue spread

$0.35

Highest minus lowest observed spot

Dislocation (bps)

39.3 bps

Basis points spread vs mid

Observed spread

Wide vs mid

Not executable arb

Observed venue spots only — bars are $ vs mid, not an arb book

Observed venue spots vs index mid — not executable arb

Observed venue spots versus index mid. Not executable arb.
VENUE	SPOT / INDEX	SPREAD ($ VS MID)	SPREAD (BPS)	STATUS
Paradex	$89	$-0.22	-24.8 bps	Wide vs mid
Coincall	$90	+$0.13	+14.4 bps	Wide vs mid
Derive	$90	+$0.09	+10.4 bps	Wide vs mid

Analytics