Funding you earn now, next payment 23:00 UTC+0.0545%/8h= +59.7% APRpaid last 24h +0.092%
Price spread now: Hyperliquid against Bitget+0.110%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now +0.110%, 7d avg +0.094%
=Together, before fees+0.081%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.102% in total (about 5.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ICPUSDT | 3.0040 | 0.0100 | pay 0.0100% / 8h | 1h 02m | $6.9M | $4.5M | 50x |
| Short | Hyperliquid ICP | 3.0073 | 0.0645 | get 0.0081% / 1h | 2m 58s | $4.7M | $5.0M | 5x |
Bitget ICPUSDT
Hyperliquid ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $114.47
- Price spread: +0.110% → +0.094%
- $1.61
- Slippage, 4 orders
- −$21.65
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $73.43
- Costs to cover
- 0.426%
- Break-even
- 2.5 days
Slippage from Bitget: live order book, 10 min ago; Hyperliquid: live order book, 9 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 10 min ago | 3.34 bp | 12.0 bp −$12 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.50 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
ICP on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1473% | 8h | 2.9840 | −0.666% | $1.7M | $768K | 50x | as long as short |
| Variational Omni ICP | −0.0154% | 8h | 2.9961 | −0.263% | $1.1M | $107K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −1.248% | $202 | $200K | 12x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0116% | 1h | 3.0028 | −0.040% | $268 | $464 | 50x | as long as short |
| Gate ICP_USDT | −0.0040% | 8h | 3.0010 | −0.100% | $1.9M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0036 | −0.012% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0043 | +0.010% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0057 | +0.057% | $160K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0040 | 0.000% | $196K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0047 | +0.024% | $136K | $11K | 5x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
Deribit ICP_USDC-PERPETUAL
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0020 | −0.067% | $29.7M | $50.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0010 | −0.100% | $17.4M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0010 | −0.100% | $5.9M | $16.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0030 | −0.033% | $19.7M | $8.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0030 | −0.033% | $5.1M | $12.9M | 50x | as long as short |
| Bitget ICPUSDTlong | +0.0100% | 8h | 3.0040 | long leg | $6.9M | $4.5M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 3.0020 | −0.067% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0001 | −0.130% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0001 | −0.130% | $575K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0030 | −0.033% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0020 | −0.067% | $107K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0014 | −0.088% | $25K | $118K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0000 | −0.133% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0222% | 1h | 3.0052 | +0.041% | $488K | $528K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0030 | −0.033% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0506% / S −0.0480% | 1h | 3.0032 | −0.026% | $37K | — | 100x | as long as short |
| Hyperliquid ICPshort | +0.0645% | 1h | 3.0073 | +0.110% | $4.7M | $5.0M | 5x |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]