Settings8H · net · $10k
Funding arb · Price arb /

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0814%/8h= +89.2% APRnext payment +$1.02 per $10,000 · paid last 24h +0.111%
Price spread now: Hyperliquid against gTrade (Gains Network)+0.183%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Hyperliquid is 0.183% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ICP/USD2.9677L +0.0006% / S −0.0010%pay 0.0001% / 1h5m 44s$26K150x
ShortHyperliquid ICP2.97310.0821get 0.0103% / 1h5m 44s$4.7M$5.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$170.99
Price spread: +0.183% → 0.000%
$18.3
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$170.29
Costs to cover
0.190%
Break-even
0.0 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell Hyperliquid live order book, 6 min ago0.84 bp10.8 bp −$11doesn't fitdoesn't fitdoesn't fit
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ICP on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ICPUSDT−0.1308%8h2.9660−0.056%$1.7M$778K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0390%1h2.9677+0.001%$264$46450xas long as short
Variational Omni ICP−0.0229%8h2.9694+0.059%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0199%1h2.9665−0.039%$202$200K12xas long as short
Gate ICP_USDT−0.0104%8h2.9660−0.056%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9674−0.011%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDlongL +0.0006% / S −0.0010%1h2.9677long leg$26K150x
Bybit ICPUSDT+0.0034%8h2.9640−0.124%$17.1M$17.7M75xas long as short
Lighter ICP+0.0096%1h2.9704+0.092%$166K$443K5xas long as short
Aster ICPUSDT+0.0100%8h2.9685+0.027%$186K$1.5M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9674−0.008%$134K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9675−0.006%$28.8M$49.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9650−0.090%$5.8M$15.6M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9670−0.023%$19.4M$8.7M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9680+0.011%$5.2M$12.9M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9670−0.023%$6.8M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9680+0.011%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9757+0.269%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9750+0.247%$569K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9640−0.124%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9670−0.023%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9672−0.015%$25K$124K10xas long as short
Kraken Futures PF_ICPUSD+0.0149%1h2.9686+0.031%$486K$518K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9670−0.023%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0232%1h2.9890+0.719%$62K$89K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9671−0.018%$31K100xas long as short
Hyperliquid ICPshort+0.0821%1h2.9731+0.183%$4.7M$5.0M5x