Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.079%
Price spread now: Hyperliquid against BloFin+0.066%107s7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.498% of the position
Funding, last 7 days−0.115%−$11 on $10k
+Price spread, last 3 days (all we have)+0.134%+$13 · spread now +0.066%, 7d avg +0.150%
=Together, before fees+0.020%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.084% cheaper against BloFin than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.150%). If the spread goes back, that is −$8 on $10k: about 15 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ICP-USDT | 3.0340 | 0.0220 | pay 0.0220% / 8h | 33m 32s | $1.3M | $2.3M | 75x |
| Short | Hyperliquid ICP | 3.0360 | 0.0239 | get 0.0030% / 1h | 33m 32s | $4.8M | $5.0M | 5x |
BloFin ICP-USDT
Hyperliquid ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- $4
- Price spread: +0.066% → +0.150%
- −$8.45
- Slippage, 4 orders
- −$28.77
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$54.21
- Costs to cover
- 0.498%
- Break-even
- 101.8 days
Slippage from BloFin: live order book, 5 min ago; Hyperliquid: live order book, 8 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 BloFin live order book, 5 min ago | 4.94 bp | 10.9 bp −$11 | 17.5 bp −$175 | 126.6 bp −$12.7K | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.15 bp | 9.2 bp −$9 | 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 | −0.1514% | 8h | 3.0270 | −0.231% | $1.8M | $766K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0477% | 1h | 3.0241 | −0.326% | $270 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0134% | 8h | 3.0312 | −0.094% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0020% | 8h | 3.0270 | −0.231% | $2.0M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0275 | −0.215% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0318 | −0.073% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.225% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0298 | −0.138% | $158K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0274 | −0.217% | $196K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0301 | −0.127% | $137K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
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 | 3.0300 | −0.132% | $30.0M | $51.5M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0290 | −0.165% | $18.0M | $18.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0300 | −0.132% | $6.1M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0320 | −0.066% | $19.2M | $9.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0290 | −0.165% | $5.1M | $13.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0310 | −0.099% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0280 | −0.198% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0329 | −0.036% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0315 | −0.082% | $579K | $444K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0240 | −0.330% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0220 | −0.396% | $107K | $222K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0274 | −0.217% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0171% | 1h | 3.0283 | −0.187% | $537K | $581K | 50x | as long as short |
| BloFin ICP-USDTlong | +0.0220% | 8h | 3.0340 | long leg | $1.3M | $2.3M | 75x | |
| Hyperliquid ICPshort | +0.0239% | 1h | 3.0360 | +0.066% | $4.8M | $5.0M | 5x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +0.659% | $64K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 3.0261 | −0.261% | $38K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]