Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.229%
Price spread now: Hyperliquid against Deribit+0.137%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 +$3 a day on $10k at the current rate, and Hyperliquid is 0.137% dearer against Deribit than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ICP_USDC-PERPETUAL | 2.9956 | 0 | get 0.0000% / 1h | 19m 00s | $267 | $464 | 50x |
| Short | Hyperliquid ICP | 2.9997 | 0.0100 | get 0.0013% / 1h | 19m 00s | $4.6M | $5.0M | 5x |
Deribit ICP_USDC-PERPETUAL
Hyperliquid ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Deribit. 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
- $21
- Price spread: +0.137% → 0.000%
- $13.69
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $18.69
- Costs to cover
- 0.160%
- Break-even
- 0.8 days
Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 3 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 3 min ago | 1.00 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 2.9972 | +0.053% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUALlong | 0.0000% | 1h | 2.9956 | long leg | $267 | $464 | 50x | |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9962 | +0.022% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.971% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0080% | 8h | 2.9979 | +0.078% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9988 | +0.107% | $161K | $485K | 5x | as long as short |
| Hyperliquid ICPshort | +0.0100% | 1h | 2.9997 | +0.137% | $4.6M | $5.0M | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9990 | +0.114% | $276K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9964 | +0.025% | $136K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9956 | +0.001% | $29.5M | $53.3M | 75x | as long as short |
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9950 | −0.020% | $17.4M | $18.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9960 | +0.013% | $5.8M | $16.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9960 | +0.013% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9970 | +0.047% | $19.9M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9950 | −0.020% | $4.9M | $13.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9970 | +0.047% | $7.0M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9970 | +0.047% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9986 | +0.100% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9959 | +0.009% | $569K | $483K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9930 | −0.087% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9970 | +0.047% | $105K | $181K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9890 | −0.220% | $1.8M | $793K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9953 | −0.008% | $23K | $122K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9960 | +0.013% | $1.3M | $2.2M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0292% | 1h | 2.9989 | +0.111% | $528K | $641K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 3.0030 | +0.247% | $68K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0507% / S −0.0480% | 1h | 2.9964 | +0.026% | $37K | — | 100x | as long as short |
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]