ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0695%/8h= +76.2% APRnext payment +$0.87 per $10,000 · paid last 24h +0.077%

Price spread now: Hyperliquid against Coinbase International+0.040%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.267%−$27 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.040% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.267%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.267% in total (about -13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.87 per $10,000. 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	Coinbase International ICP-PERP-INTX	2.9790	0.0232	pay 0.0029% / 1h	41m 19s	$62K	$88K	50x
Short	Hyperliquid ICP	2.9802	0.0927	get 0.0116% / 1h	41m 19s	$4.8M	$4.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HyperliquidbpOrdersPrice spread, now +0.040%Rate

Funding earned: $146.05
Price spread: +0.040% → 0.000%: $4.03
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $131.08
Costs to cover: 0.190%
Break-even: 0.7 days

Slippage unknown: Coinbase International: no order-book sample; Hyperliquid: live order book, 11 min ago. Net counts fees only.

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 Coinbase International no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 11 min ago	0.17 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1285%	8h	2.9670	−0.403%	$1.7M	$782K	50x	as long as short
Variational Omni ICP	−0.0275%	8h	2.9655	−0.453%	$1.1M	$119K	—	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0221%	1h	2.9741	−0.164%	$265	$464	50x	as long as short
Injective ICP/USDC PERP	−0.0199%	1h	2.9665	−0.420%	$202	$200K	12x	as long as short
Gate ICP_USDT	−0.0125%	8h	2.9720	−0.235%	$1.9M	$2.7M	50x	as long as short
Bybit ICPUSDT	−0.0043%	8h	2.9730	−0.201%	$17.1M	$17.6M	75x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9759	−0.103%	$69K	$4K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	2.9757	−0.110%	$27K	—	150x	as long as short
Lighter ICP	+0.0096%	1h	2.9773	−0.057%	$166K	$442K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9756	−0.114%	$189K	$1.5M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ICP	+0.0100%	1h	2.9752	−0.126%	$135K	$11K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9740	−0.168%	$28.9M	$48.6M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9720	−0.235%	$5.8M	$15.6M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9740	−0.168%	$19.5M	$8.4M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9750	−0.134%	$5.3M	$12.8M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9750	−0.134%	$6.8M	$4.4M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9740	−0.168%	—	$4.9M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9722	−0.229%	$23K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9721	−0.233%	$570K	$481K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9730	−0.201%	$2K	$1.7M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9690	−0.336%	$106K	$218K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9737	−0.179%	$24K	$123K	10x	as long as short
Kraken Futures PF_ICPUSD	+0.0148%	1h	2.9756	−0.113%	$495K	$509K	50x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9740	−0.168%	$1.2M	$2.2M	75x	as long as short
Coinbase International ICP-PERP-INTXlong	+0.0232%	1h	2.9790	long leg	$62K	$88K	50x
GMX ICP/USD [WBTC.b-USDC]	L +0.0432% / S −0.0367%	1h	2.9743	−0.157%	$31K	—	100x	as long as short
Hyperliquid ICPshort	+0.0927%	1h	2.9802	+0.040%	$4.8M	$4.9M	5x