ICP

Alert

Funding spread now, next payment 17:00 UTC−0.0204%/8h

next payment, per $10,000−$0.25paid, last 24h−0.076%paid, last 7 days−0.087%to open and close $10k−$45

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ICP	2.9708	0.0204	pay 0.0025% / 1h	28m 03s	$4.8M	$3.5M	5x
Short	Extended ICP-USD	2.9644	0	get 0.0000% / 1h	28m 03s	$24K	$135K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee ExtendedbpOrdersRate

Funding earned: −$42.77
Slippage, 4 orders: −$30.93
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$87.69
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Extended: live order book, 41 min ago.

Price risk

price view

Price gap now: −0.213%
Avg gap 7d: −0.182%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	1.35 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 41 min ago	4.07 bp	13.1 bp −$13	85.3 bp −$853	doesn't fit	doesn't fit

ICP on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit ICP_USDC-PERPETUAL	−0.0390%	1h	$264	$366	50x	as long as short
Variational Omni ICP	−0.0342%	8h	$1.1M	$101K	—	as long as short
Gate ICP_USDT	−0.0184%	8h	$1.8M	$2.0M	50x	as long as short
Bybit ICPUSDT	−0.0154%	8h	$16.6M	$15.2M	75x	as long as short
Kraken Futures PF_ICPUSD	−0.0089%	1h	$510K	$509K	50x	as long as short
Phemex ICPUSDT	−0.0066%	8h	$1.8M	$808K	50x	as long as short
OKX ICP-USDT-SWAP	−0.0009%	8h	$5.9M	$15.6M	50x	as long as short
Binance ICPUSDT	0.0000%	8h	$29.0M	$46.8M	75x	as long as short
dYdX ICP-USD	0.0000%	1h	$70K	$3K	5x	as long as short
Extended ICP-USDshort	0.0000%	1h	$24K	$135K	10x

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC ICP_USDT	+0.0005%	8h	$18.4M	$7.1M	50x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	$26K	—	150x	as long as short
BloFin ICP-USDT	+0.0023%	8h	$1.2M	$2.4M	75x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	$202	$130K	12x	as long as short
Lighter ICP	+0.0096%	1h	$145K	$310K	5x	as long as short
Coinbase International ICP-PERP-INTX	+0.0096%	1h	$68K	$120K	50x	as long as short
Aster ICPUSDT	+0.0100%	8h	$185K	$1.9M	20x	as long as short
Pacifica ICP	+0.0100%	1h	$134K	$11K	5x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	$5.0M	$11.4M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	$6.9M	$3.9M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	—	$3.9M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	$23K	$277K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	$2K	$1.8M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	$112K	$279K	20x	as long as short
Hyperliquid ICPlong	+0.0204%	1h	$4.8M	$3.5M	5x
GMX ICP/USD [WBTC.b-USDC]	L +0.0376% / S −0.0257%	1h	$32K	—	100x	as long as short