Funding you earn now, next payment 01:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.113%
Price spread now: Hyperliquid against OKX+0.081%7-day average +0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$460.459% of the position
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now +0.081%, 7d avg +0.124%
=Together, before fees+0.190%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.043% cheaper against OKX than usual: you would sell low and buy high (spread +0.081% now, against its 7-day average of +0.124%). If the spread goes back, that is −$4 on $10k: about 38 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ICP-USDT-SWAP | 3.0450 | 0.0100 | pay 0.0100% / 8h | 7h 43m | $6.2M | $17.0M | 50x |
| Short | Hyperliquid ICP | 3.0475 | 0.0190 | get 0.0024% / 1h | 43m 37s | $4.7M | $5.0M | 5x |
OKX ICP-USDT-SWAP
Hyperliquid ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- $18.99
- Price spread: +0.081% → +0.124%
- −$4.3
- Slippage, 4 orders
- −$26.9
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$31.21
- Costs to cover
- 0.459%
- Break-even
- 18.5 days
Slippage from OKX: live order book, 5 min ago; Hyperliquid: live order book, 8 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 OKX live order book, 5 min ago | 1.65 bp | 14.0 bp −$14 | 38.3 bp −$383 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 2.13 bp | 10.2 bp −$10 | 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 | −0.0555% | 8h | 3.0360 | −0.296% | $1.8M | $767K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0408% | 1h | 3.0378 | −0.236% | $271 | $464 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0122% | 1h | 3.0426 | −0.079% | $555K | $600K | 50x | as long as short |
| Variational Omni ICP | −0.0087% | 8h | 3.0405 | −0.147% | $1.1M | $111K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0450 | 0.000% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0404 | −0.149% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.578% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0476 | +0.085% | $175K | $479K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0458 | +0.027% | $300K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0447 | −0.010% | $138K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
Variational Omni ICP
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 | 3.0441 | −0.030% | $30.3M | $52.6M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0440 | −0.033% | $18.1M | $18.7M | 75x | as long as short |
| OKX ICP-USDT-SWAPlong | +0.0100% | 8h | 3.0450 | long leg | $6.2M | $17.0M | 50x | |
| Gate ICP_USDT | +0.0100% | 8h | 3.0440 | −0.033% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0440 | −0.033% | $19.3M | $9.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0400 | −0.164% | $5.2M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0460 | +0.033% | $7.2M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0420 | −0.099% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0411 | −0.128% | $24K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0412 | −0.123% | $589K | $471K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0380 | −0.230% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0360 | −0.296% | $106K | $239K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0434 | −0.052% | $22K | $118K | 10x | as long as short |
| Hyperliquid ICPshort | +0.0190% | 1h | 3.0475 | +0.081% | $4.7M | $5.0M | 5x | |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0390 | −0.197% | $1.3M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0280% | 1h | 3.0470 | +0.066% | $63K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0510% / S −0.0480% | 1h | 3.0396 | −0.177% | $38K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
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]