Funding you earn now, next payment 00:00 UTC+0.0154%/8h= +16.8% APRnext payment +$0.19 per $10,000 · paid last 24h +0.099%
Price spread now: Hyperliquid against Pacifica−0.037%7-day average +0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as 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)+0.104%+$10 · spread now −0.037%, 7d avg +0.105%
=Together, before fees+0.153%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.142% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.105%). If the spread goes back, that is −$14 on $10k: about 3.1 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.049% in total) that is about 20 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ICP | 3.0378 | 0.0100 | pay 0.0013% / 1h | 36m 52s | $138K | $11K | 5x |
| Short | Hyperliquid ICP | 3.0367 | 0.0254 | get 0.0032% / 1h | 36m 52s | $4.8M | $5.0M | 5x |
Pacifica ICP
Hyperliquid ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Pacifica. 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
- $32.29
- Price spread: −0.037% → +0.105%
- −$14.17
- Slippage, 4 orders
- −$46.08
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$44.97
- Costs to cover
- 0.631%
- Break-even
- 16.7 days
Slippage from Pacifica: live order book, 41 min ago; Hyperliquid: live order book, 5 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 Pacifica live order book, 41 min ago | 13.16 bp | 23.7 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.15 bp | 9.2 bp −$9 | 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 | −0.092% | $1.8M | $766K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0607% | 1h | 3.0325 | −0.175% | $270 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0142% | 8h | 3.0401 | +0.076% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0025% | 8h | 3.0310 | −0.224% | $2.0M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0373 | −0.017% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0355 | −0.077% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.347% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0351 | −0.089% | $159K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0340 | −0.125% | $205K | $1.4M | 20x | as long as short |
| Pacifica ICPlong | +0.0100% | 1h | 3.0378 | long leg | $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 | 3.0310 | −0.224% | $30.0M | $51.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0300 | −0.257% | $18.0M | $18.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0330 | −0.158% | $6.2M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0290 | −0.290% | $19.3M | $9.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0300 | −0.257% | $5.1M | $13.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0340 | −0.125% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0310 | −0.224% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0354 | −0.079% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0397 | +0.062% | $580K | $444K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0320 | −0.191% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0370 | −0.027% | $108K | $222K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0294 | −0.277% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0171% | 1h | 3.0367 | −0.036% | $539K | $580K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0340 | −0.125% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +0.533% | $64K | $89K | 50x | as long as short |
| Hyperliquid ICPshort | +0.0254% | 1h | 3.0367 | −0.037% | $4.8M | $5.0M | 5x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0509% / S −0.0480% | 1h | 3.0344 | −0.114% | $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]