Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.079%
Price spread now: BingX against Hyperliquid−0.275%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days+0.211%+$21 · spread now −0.275%, 7d avg −0.112%
=Together, before fees+0.153%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.164% cheaper against Hyperliquid than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.112%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 2.9782 | 0.0100 | pay 0.0013% / 1h | 29m 36s | $4.8M | $4.7M | 5x |
| Short | BingX ICP-USDT | 2.9700 | 0.0100 | get 0.0100% / 8h | 3h 29m | — | $4.8M | — |
Hyperliquid ICP
BingX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Hyperliquid. 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
- $0
- Price spread: −0.275% → −0.112%
- −$16.36
- Slippage, 4 orders
- −$19.04
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$54.4
- Costs to cover
- 0.380%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; BingX: live order book, 15 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 Hyperliquid live order book, 3 min ago | 1.51 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 1.70 bp | 8.8 bp −$9 | 14.4 bp −$144 | 41.5 bp −$4,147 | 442.9 bp −$221.5K |
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 | −0.1532% | 8h | 2.9510 | −0.913% | $1.7M | $783K | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0501% | 1h | 2.9725 | −0.191% | $495K | $518K | 50x | as long as short |
| Variational Omni ICP | −0.0347% | 8h | 2.9665 | −0.394% | $1.1M | $104K | — | as long as short |
| Injective ICP/USDC PERP | −0.0320% | 1h | 2.9675 | −0.359% | $202 | $148K | 12x | as long as short |
| Bybit ICPUSDT | −0.0195% | 8h | 2.9680 | −0.342% | $17.1M | $17.3M | 75x | as long as short |
| Gate ICP_USDT | −0.0171% | 8h | 2.9680 | −0.342% | $1.8M | $2.7M | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0086% | 1h | 2.9716 | −0.222% | $265 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9715 | −0.226% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9720 | −0.208% | $27K | — | 150x | as long as short |
| OKX ICP-USDT-SWAP | +0.0044% | 8h | 2.9680 | −0.342% | $5.8M | $15.7M | 50x | as long as short |
Phemex ICPUSDT
Kraken Futures PF_ICPUSD
Variational Omni ICP
Injective ICP/USDC PERP
Bybit ICPUSDT
Gate ICP_USDT
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
OKX ICP-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ICP | +0.0096% | 1h | 2.9756 | −0.087% | $168K | $443K | 5x | as long as short |
| Hyperliquid ICPlong | +0.0100% | 1h | 2.9782 | long leg | $4.8M | $4.7M | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9732 | −0.169% | $197K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9720 | −0.207% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9704 | −0.263% | $28.8M | $48.1M | 75x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9710 | −0.242% | $20.7M | $8.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9730 | −0.175% | $5.3M | $12.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9730 | −0.175% | $6.9M | $4.2M | 50x | as long as short |
| BingX ICP-USDTshort | +0.0100% | 8h | 2.9700 | −0.275% | — | $4.8M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9689 | −0.312% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9659 | −0.414% | $571K | $491K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9700 | −0.275% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9700 | −0.275% | $106K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9716 | −0.223% | $24K | $133K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9680 | −0.342% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 2.9730 | −0.175% | $63K | $85K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0423% / S −0.0355% | 1h | 2.9708 | −0.249% | $31K | — | 100x | as long as short |
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]