Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.110%
Price spread now: Bybit against Hyperliquid−0.156%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$440.438% of the position
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 7 days+0.115%+$12 · spread now −0.156%, 7d avg −0.134%
=Together, before fees−0.063%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 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: Bybit is 0.022% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.134%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 2.9496 | 0.0100 | pay 0.0013% / 1h | 35m 47s | $4.6M | $4.8M | 5x |
| Short | Bybit ICPUSDT | 2.9450 | 0.0100 | get 0.0100% / 8h | 3h 35m | $17.0M | $17.3M | 75x |
Hyperliquid ICP
Bybit ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.156% → −0.134%
- −$2.16
- Slippage, 4 orders
- −$23.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$45.91
- Costs to cover
- 0.438%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Bybit: live order book, 3 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, 6 min ago | 0.85 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.70 bp | 12.5 bp −$13 | 31.1 bp −$311 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0191% | 1h | 2.9436 | −0.203% | $191 | $439 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0058% | 1h | 2.9486 | −0.035% | $527K | $596K | 50x | as long as short |
| Phemex ICPUSDT | −0.0035% | 8h | 2.9430 | −0.224% | $1.7M | $789K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9472 | −0.080% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9462 | −0.115% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.573% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0078% | 8h | 2.9460 | −0.123% | $1.0M | $134K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9470 | −0.088% | $143K | $489K | 5x | as long as short |
| Hyperliquid ICPlong | +0.0100% | 1h | 2.9496 | long leg | $4.6M | $4.8M | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9453 | −0.145% | $261K | $1.5M | 20x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9463 | −0.111% | $133K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9460 | −0.123% | $28.9M | $48.6M | 75x | as long as short |
| Bybit ICPUSDTshort | +0.0100% | 8h | 2.9450 | −0.156% | $17.0M | $17.3M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9470 | −0.088% | $5.7M | $15.1M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9450 | −0.156% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9450 | −0.156% | $18.9M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9450 | −0.156% | $4.8M | $12.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9460 | −0.122% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9470 | −0.088% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9482 | −0.047% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9482 | −0.047% | $567K | $483K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9430 | −0.224% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9390 | −0.359% | $103K | $117K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9434 | −0.211% | $22K | $132K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9410 | −0.292% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9500 | +0.014% | $66K | $60K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0433% / S −0.0367% | 1h | 2.9460 | −0.122% | $31K | — | 100x | as long as short |
Pacifica ICP
Binance 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
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]