Funding you earn now, next payment 00:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.099%
Price spread now: Pacifica against Hyperliquid−0.130%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$630.631% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.130%, 7d avg −0.105%
=Together, before fees+0.014%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Pacifica is 0.025% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.105%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 3.0383 | 0.0254 | pay 0.0032% / 1h | 36m 42s | $4.8M | $5.0M | 5x |
| Short | Pacifica ICP | 3.0343 | 0.0100 | get 0.0013% / 1h | 36m 42s | $138K | $11K | 5x |
Hyperliquid ICP
Pacifica ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$32.34
- Price spread: −0.130% → −0.105%
- −$2.48
- Slippage, 4 orders
- −$46.08
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$97.9
- Costs to cover
- 0.631%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Pacifica: live order book, 41 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, 5 min ago | 1.15 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 41 min ago | 13.16 bp | 19.2 bp −$19 | 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 | −0.1543% | 8h | 3.0350 | −0.109% | $1.8M | $766K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0607% | 1h | 3.0325 | −0.191% | $270 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0142% | 8h | 3.0401 | +0.060% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0025% | 8h | 3.0310 | −0.240% | $2.0M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0347 | −0.119% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0355 | −0.093% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.363% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0359 | −0.079% | $159K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0340 | −0.142% | $205K | $1.4M | 20x | as long as short |
| Pacifica ICPshort | +0.0100% | 1h | 3.0343 | −0.130% | $138K | $11K | 5x |
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 ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0330 | −0.174% | $30.0M | $51.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0310 | −0.240% | $18.0M | $18.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0320 | −0.207% | $6.2M | $16.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0320 | −0.207% | $19.3M | $9.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0310 | −0.240% | $5.1M | $13.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0340 | −0.142% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0310 | −0.240% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0354 | −0.096% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0397 | +0.045% | $580K | $444K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0320 | −0.207% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0370 | −0.043% | $108K | $222K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0294 | −0.293% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0171% | 1h | 3.0367 | −0.052% | $539K | $580K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0340 | −0.142% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +0.517% | $64K | $89K | 50x | as long as short |
| Hyperliquid ICPlong | +0.0254% | 1h | 3.0383 | long leg | $4.8M | $5.0M | 5x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0509% / S −0.0480% | 1h | 3.0344 | −0.130% | $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]