Funding you earn now, next payment 00:00 UTC−0.0174%/8h= −19.1% APRpaid last 24h −0.099%
Price spread now: HTX against Hyperliquid+0.029%48s7-day average −0.203% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1491.489% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 3 days (all we have)−0.264%−$26 · spread now +0.029%, 7d avg −0.203%
=Together, before fees−0.339%+ Points / potential airdropHyperliquid: Season 2 · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.232% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.203%): +$23 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 7 days (−0.075% in total) that is about 22 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 3.0181 | 0.0274 | pay 0.0034% / 1h | 7m 26s | $4.8M | $5.0M | 5x |
| Short | HTX ICP-USDT | 3.0190 | 0.0100 | get 0.0100% / 8h | 7m 26s | $108K | $224K | 20x |
Hyperliquid ICP
HTX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$36.63
- Price spread: +0.029% → −0.203%
- $23.22
- Slippage, 4 orders
- −$127.89
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$162.29
- Costs to cover
- 1.489%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; HTX: live order book, 4 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, 4 min ago | 1.16 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 4 min ago | 19.88 bp | 101.5 bp −$101 | 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 | −0.1294% | 8h | 3.0280 | +0.327% | $1.8M | $762K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0478% | 1h | 3.0182 | +0.003% | $269 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0115% | 8h | 3.0101 | −0.267% | $1.1M | $108K | — | as long as short |
| Gate ICP_USDT | −0.0008% | 8h | 3.0120 | −0.203% | $1.9M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0171 | −0.034% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0154 | −0.088% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.710% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0164 | −0.057% | $157K | $455K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0120 | −0.203% | $187K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0163 | −0.060% | $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 | 3.0120 | −0.203% | $29.7M | $51.7M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0130 | −0.170% | $17.9M | $18.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0120 | −0.203% | $6.1M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0120 | −0.203% | $19.0M | $9.4M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0110 | −0.236% | $5.1M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0150 | −0.103% | $7.1M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0130 | −0.170% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0155 | −0.087% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0159 | −0.075% | $581K | $450K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0170 | −0.037% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDTshort | +0.0100% | 8h | 3.0190 | +0.029% | $108K | $224K | 20x | |
| Extended ICP-USD | +0.0104% | 1h | 3.0120 | −0.202% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0172% | 1h | 3.0205 | +0.078% | $536K | $578K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0140 | −0.137% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +1.189% | $64K | $89K | 50x | as long as short |
| Hyperliquid ICPlong | +0.0274% | 1h | 3.0181 | long leg | $4.8M | $5.0M | 5x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0507% / S −0.0480% | 1h | 3.0140 | −0.137% | $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
Extended ICP-USD
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]