Funding you earn now, next payment 09:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h +0.061%
Price spread now: Hyperliquid against BingX+0.178%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 7 days−0.149%−$15 · spread now +0.178%, 7d avg +0.118%
=Together, before fees−0.067%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.060% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.118%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ICP-USDT | 2.9740 | 0.0100 | pay 0.0100% / 8h | 7h 15m | — | $5.7M | — |
| Short | Hyperliquid ICP | 2.9793 | 0.0245 | get 0.0031% / 1h | 15m 01s | $4.6M | $4.5M | 5x |
BingX ICP-USDT
Hyperliquid ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $30.45
- Price spread: +0.178% → +0.118%
- $5.97
- Slippage, 4 orders
- −$19.61
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$2.19
- Costs to cover
- 0.386%
- Break-even
- 7.5 days
Slippage from BingX: live order book, 5 min ago; Hyperliquid: live order book, 7 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 BingX live order book, 5 min ago | 1.68 bp | 7.3 bp −$7 | 13.5 bp −$135 | 44.5 bp −$4,450 | 420.3 bp −$210.2K |
| Sell Hyperliquid live order book, 7 min ago | 0.84 bp | 10.8 bp −$11 | 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 | −0.0372% | 8h | 2.9690 | −0.168% | $1.8M | $689K | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0337% | 1h | 2.9758 | +0.061% | $527K | $621K | 50x | as long as short |
| Variational Omni ICP | −0.0163% | 8h | 2.9701 | −0.132% | $1.1M | $134K | — | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0154% | 1h | 2.9726 | −0.047% | $193 | $439 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9736 | −0.015% | $69K | $2K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9732 | −0.027% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.252% | $202 | $200K | 12x | as long as short |
| Bybit ICPUSDT | +0.0058% | 8h | 2.9720 | −0.067% | $17.2M | $17.7M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9753 | +0.044% | $136K | $491K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9756 | +0.054% | $280K | $968K | 20x | as long as short |
Phemex ICPUSDT
Kraken Futures PF_ICPUSD
Variational Omni ICP
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Bybit ICPUSDT
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9735 | −0.018% | $134K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9750 | +0.034% | $29.0M | $47.8M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9750 | +0.034% | $5.8M | $13.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9740 | 0.000% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9740 | 0.000% | $19.1M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9740 | 0.000% | $4.9M | $11.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9770 | +0.101% | $7.1M | $4.4M | 50x | as long as short |
| BingX ICP-USDTlong | +0.0100% | 8h | 2.9740 | long leg | — | $5.7M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9690 | −0.170% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9690 | −0.167% | $571K | $586K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9720 | −0.067% | $1K | $1.4M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9650 | −0.303% | $104K | $114K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9722 | −0.060% | $23K | $231K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9740 | 0.000% | $1.2M | $2.4M | 75x | as long as short |
| Hyperliquid ICPshort | +0.0245% | 1h | 2.9793 | +0.178% | $4.6M | $4.5M | 5x | |
| Coinbase International ICP-PERP-INTX | +0.0416% | 1h | 2.9750 | +0.034% | $58K | $68K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0456% / S −0.0403% | 1h | 2.9745 | +0.017% | $33K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
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]