Funding you earn now, next payment 02:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.377%
Price spread now: Hyperliquid against Phemex+0.150%7-day average +0.299% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.561%+$256 on $10k
+Price spread, last 3 days (all we have)+0.146%+$15 · spread now +0.150%, 7d avg +0.299%
=Together, before fees+2.707%+ Points / potential airdropHyperliquid: Season 2 · farm board+$271 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.149% cheaper against Phemex than usual: you would sell low and buy high (spread +0.150% now, against its 7-day average of +0.299%). If the spread goes back, that is −$15 on $10k: about 2.4 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+2.561% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9960 | 0.0100 | pay 0.0100% / 8h | 6h 32m | $1.8M | $792K | 50x |
| Short | Hyperliquid ICP | 3.0005 | 0.0304 | get 0.0038% / 1h | 32m 08s | $4.7M | $5.2M | 5x |
Phemex ICPUSDT
Hyperliquid ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Phemex. 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
- $42.75
- Price spread: +0.150% → +0.299%
- −$14.85
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $6.9
- Costs to cover
- 0.210%
- Break-even
- 5.9 days
Slippage unknown: Phemex: live order book, 1 min ago; Hyperliquid: live order book, 10 min ago. 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 Phemex live order book, 1 min ago | 1.67 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.00 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
ICP on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ICP | −0.0011% | 8h | 2.9970 | +0.035% | $1.1M | $118K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9970 | +0.034% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9999 | +0.130% | $267 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0002 | +0.142% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.985% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0006 | +0.154% | $164K | $491K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0011 | +0.172% | $291K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9992 | +0.105% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9995 | +0.116% | $29.7M | $54.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9970 | +0.033% | $17.6M | $19.1M | 75x | as long as short |
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9970 | +0.033% | $5.8M | $17.3M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9970 | +0.033% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9990 | +0.100% | $19.2M | $10.1M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9960 | 0.000% | $5.0M | $13.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0000 | +0.134% | $7.1M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9980 | +0.067% | — | $6.1M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9935 | −0.083% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9957 | −0.009% | $581K | $491K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9990 | +0.100% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9970 | +0.033% | $105K | $239K | 20x | as long as short |
| Phemex ICPUSDTlong | +0.0100% | 8h | 2.9960 | long leg | $1.8M | $792K | 50x | |
| Extended ICP-USD | +0.0104% | 1h | 2.9996 | +0.121% | $22K | $131K | 10x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0000 | +0.134% | $65K | $75K | 50x | as long as short |
| Hyperliquid ICPshort | +0.0304% | 1h | 3.0005 | +0.150% | $4.7M | $5.2M | 5x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 3.0003 | +0.144% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0894% | 1h | 3.0033 | +0.242% | $544K | $617K | 50x | as long as short |
OKX ICP-USDT-SWAP
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
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD