Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.063%
Price spread now: BingX against Hyperliquid−0.239%7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 7 days+0.243%+$24 · spread now −0.239%, 7d avg −0.117%
=Together, before fees+0.161%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.122% cheaper against Hyperliquid than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.117%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 2.9651 | 0.0100 | pay 0.0013% / 1h | 56m 59s | $4.5M | $4.6M | 5x |
| Short | BingX ICP-USDT | 2.9580 | 0.0100 | get 0.0100% / 8h | 7h 56m | — | $5.6M | — |
Hyperliquid ICP
BingX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Hyperliquid. 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
- $0
- Price spread: −0.239% → −0.117%
- −$12.23
- Slippage, 4 orders
- −$20.71
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$51.94
- Costs to cover
- 0.397%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; BingX: 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 Hyperliquid live order book, 5 min ago | 1.18 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 3.39 bp | 8.8 bp −$9 | 14.4 bp −$144 | 51.9 bp −$5,190 | 455.5 bp −$227.8K |
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 | −0.0864% | 8h | 2.9560 | −0.307% | $1.8M | $687K | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0338% | 1h | 2.9658 | +0.023% | $525K | $659K | 50x | as long as short |
| Variational Omni ICP | −0.0150% | 8h | 2.9521 | −0.438% | $1.0M | $135K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9603 | −0.163% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9624 | −0.091% | $193 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9623 | −0.095% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.047% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9636 | −0.051% | $138K | $485K | 5x | as long as short |
| Hyperliquid ICPlong | +0.0100% | 1h | 2.9651 | long leg | $4.5M | $4.6M | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9618 | −0.111% | $274K | $1.0M | 20x | as long as short |
Phemex ICPUSDT
Kraken Futures PF_ICPUSD
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9598 | −0.179% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9593 | −0.196% | $28.8M | $47.8M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9570 | −0.273% | $17.1M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9570 | −0.273% | $5.7M | $14.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9610 | −0.138% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9590 | −0.206% | $19.5M | $9.7M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9620 | −0.105% | $4.9M | $11.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9610 | −0.138% | $7.0M | $4.5M | 50x | as long as short |
| BingX ICP-USDTshort | +0.0100% | 8h | 2.9580 | −0.239% | — | $5.6M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9539 | −0.377% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9528 | −0.414% | $573K | $590K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9600 | −0.172% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9540 | −0.374% | $103K | $114K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9606 | −0.150% | $26K | $235K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9650 | −0.003% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0416% | 1h | 2.9750 | +0.334% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0492% / S −0.0459% | 1h | 2.9619 | −0.107% | $36K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit 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]