ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0305%/8h= +33.4% APRnext payment +$0.38 per $10,000 · paid last 24h −0.024%

Price spread now: GMX against Hyperliquid−0.141%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.141% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.141% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 37 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ICP	2.9768	0.0223	pay 0.0028% / 1h	30m 55s	$4.6M	$4.9M	5x
Short	GMX ICP/USD [WBTC.b-USDC]	2.9726	L +0.0536% / S −0.0528%	get 0.0066% / 1h	30m 55s	$40K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee GMXbpOrdersPrice spread, now −0.141%Rate

Funding earned: $64.01
Price spread: −0.141% → 0.000%: −$14.06
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $28.95
Costs to cover: 0.210%
Break-even: 3.8 days

Slippage unknown: Hyperliquid: live order book, 11 min ago; GMX: 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, 11 min ago	1.02 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	2.9724	−0.147%	$69K	$3K	5x	as long as short
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	2.9720	−0.161%	$265	$464	50x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0011%	1h	2.9722	−0.153%	$22K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−0.346%	$202	$200K	12x	as long as short
Variational Omni ICP	+0.0091%	8h	2.9705	−0.212%	$1.1M	$116K	—	as long as short
Lighter ICP	+0.0096%	1h	2.9746	−0.074%	$159K	$486K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9740	−0.096%	$271K	$1.6M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9736	−0.106%	$135K	$10K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9749	−0.063%	$29.2M	$51.0M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9740	−0.094%	$17.2M	$18.3M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9750	−0.060%	$5.7M	$16.4M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9740	−0.094%	$1.9M	$3.0M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9740	−0.094%	$19.8M	$10.2M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9740	−0.094%	$4.9M	$12.7M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9750	−0.060%	$7.0M	$4.7M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9750	−0.060%	—	$5.8M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9492	−0.927%	$23K	$280K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9501	−0.896%	$571K	$464K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9740	−0.094%	$2K	$1.6M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9690	−0.262%	$104K	$156K	20x	as long as short
Phemex ICPUSDT	+0.0100%	8h	2.9710	−0.195%	$1.8M	$791K	50x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9732	−0.120%	$22K	$124K	10x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9690	−0.262%	$1.2M	$2.2M	75x	as long as short
Hyperliquid ICPlong	+0.0223%	1h	2.9768	long leg	$4.6M	$4.9M	5x
Coinbase International ICP-PERP-INTX	+0.0320%	1h	2.9760	−0.027%	$67K	$60K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]short	L +0.0536% / S −0.0528%	1h	2.9726	−0.141%	$40K	—	100x
Kraken Futures PF_ICPUSD	+0.0567%	1h	2.9742	−0.088%	$522K	$605K	50x	as long as short