Funding you earn now, next payment 00:00 UTC+0.0162%/8h= +17.8% APRnext payment +$0.20 per $10,000 · paid last 24h +0.102%
Price spread now: Hyperliquid against Extended+0.248%7-day average +0.184% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.248%, 7d avg +0.184%
=Together, before fees+0.071%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.065% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.184%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ICP-USD | 3.0135 | 0.0104 | pay 0.0013% / 1h | 12m 01s | $25K | $118K | 10x |
| Short | Hyperliquid ICP | 3.0210 | 0.0266 | get 0.0033% / 1h | 12m 01s | $4.8M | $5.0M | 5x |
Extended ICP-USD
Hyperliquid ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $34.07
- Price spread: +0.248% → +0.184%
- $6.46
- Slippage, 4 orders
- −$27.6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$1.07
- Costs to cover
- 0.416%
- Break-even
- 7.2 days
Slippage from Extended: live order book, 63 min ago; Hyperliquid: live order book, 10 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 Extended live order book, 63 min ago | 3.51 bp | 11.7 bp −$12 | 66.5 bp −$665 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 2.63 bp | 10.3 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 | −0.1325% | 8h | 3.0240 | +0.348% | $1.8M | $763K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0546% | 1h | 3.0128 | −0.024% | $269 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0117% | 8h | 3.0221 | +0.284% | $1.1M | $108K | — | as long as short |
| Gate ICP_USDT | −0.0009% | 8h | 3.0130 | −0.017% | $1.9M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0170 | +0.117% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0175 | +0.131% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.560% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0165 | +0.099% | $157K | $455K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0167 | +0.105% | $187K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0173 | +0.126% | $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 | 3.0140 | +0.017% | $29.8M | $51.7M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0150 | +0.049% | $17.9M | $18.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0160 | +0.082% | $6.1M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0130 | −0.017% | $19.1M | $9.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0120 | −0.050% | $5.1M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0170 | +0.116% | $7.1M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0150 | +0.049% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0202 | +0.222% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0238 | +0.341% | $583K | $450K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0120 | −0.050% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0190 | +0.182% | $107K | $224K | 20x | as long as short |
| Extended ICP-USDlong | +0.0104% | 1h | 3.0135 | long leg | $25K | $118K | 10x | |
| Kraken Futures PF_ICPUSD | +0.0172% | 1h | 3.0171 | +0.118% | $535K | $578K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0180 | +0.149% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +1.343% | $64K | $89K | 50x | as long as short |
| Hyperliquid ICPshort | +0.0266% | 1h | 3.0210 | +0.248% | $4.8M | $5.0M | 5x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0507% / S −0.0480% | 1h | 3.0168 | +0.108% | $37K | — | 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
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]