Funding you earn now, next payment 00:00 UTC−0.0228%/8h= −25.0% APRnext payment −$0.29 per $10,000 · paid last 24h −0.129%
Price spread now: dYdX against Hyperliquid−0.071%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.261%−$26 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 against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.071% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 3.0303 | 0.0228 | pay 0.0029% / 1h | 32m 16s | $4.8M | $5.0M | 5x |
| Short | dYdX ICP-USD | 3.0281 | 0 | get 0.0000% / 1h | 32m 16s | $70K | $4K | 5x |
Hyperliquid ICP
dYdX ICP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$47.89
- Price spread: −0.071% → 0.000%
- −$7.14
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$74.03
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; dYdX: no order-book sample. 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 Hyperliquid live order book, 10 min ago | 1.15 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 | −0.1494% | 8h | 3.0250 | −0.175% | $1.8M | $766K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0444% | 1h | 3.0242 | −0.201% | $270 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0134% | 8h | 3.0312 | +0.028% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0024% | 8h | 3.0250 | −0.175% | $2.0M | $2.9M | 50x | as long as short |
| dYdX ICP-USDshort | 0.0000% | 1h | 3.0281 | −0.071% | $70K | $4K | 5x | |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0266 | −0.123% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.105% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0264 | −0.129% | $158K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0257 | −0.151% | $196K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0275 | −0.091% | $137K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
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 | 3.0232 | −0.234% | $29.9M | $51.5M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0210 | −0.307% | $17.9M | $18.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0210 | −0.307% | $6.1M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0230 | −0.241% | $19.2M | $9.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0220 | −0.274% | $5.1M | $13.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0230 | −0.241% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0210 | −0.307% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0329 | +0.086% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0315 | +0.040% | $579K | $444K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0240 | −0.208% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0240 | −0.208% | $107K | $222K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0234 | −0.227% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0171% | 1h | 3.0278 | −0.082% | $537K | $581K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0280 | −0.076% | $1.3M | $2.3M | 75x | as long as short |
| Hyperliquid ICPlong | +0.0228% | 1h | 3.0303 | long leg | $4.8M | $5.0M | 5x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +0.782% | $64K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 3.0262 | −0.136% | $38K | — | 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
Extended ICP-USD
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]