Funding you earn now, next payment 07:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.14 per $10,000 · paid last 24h −0.104%
Price spread now: gTrade (Gains Network) against Hyperliquid−0.031%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.031% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 2.9640 | 0.0110 | pay 0.0014% / 1h | 57m 37s | $4.6M | $4.8M | 5x |
| Short | gTrade (Gains Network) ICP/USD | 2.9631 | L +0.0006% / S −0.0002% | get 0.0000% / 1h | 57m 37s | $10K | — | 150x |
Hyperliquid ICP
gTrade (Gains Network) ICP/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$22.71
- Price spread: −0.031% → 0.000%
- −$3.1
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$44.81
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. 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 Hyperliquid live order book, 4 min ago | 1.01 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0313% | 1h | 2.9621 | −0.063% | $525K | $664K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0223% | 1h | 2.9600 | −0.135% | $193 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0112% | 8h | 2.9490 | −0.506% | $1.8M | $676K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9579 | −0.205% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USDshort | L +0.0006% / S −0.0002% | 1h | 2.9631 | −0.031% | $10K | — | 150x | |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.084% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0058% | 8h | 2.9540 | −0.339% | $1.1M | $133K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9595 | −0.152% | $139K | $495K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9560 | −0.269% | $264K | $1.2M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9610 | −0.100% | $134K | $9K | 5x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
dYdX ICP-USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9523 | −0.394% | $28.9M | $48.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9510 | −0.439% | $17.2M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9520 | −0.405% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9540 | −0.337% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9580 | −0.202% | $18.7M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9600 | −0.135% | $4.9M | $12.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9550 | −0.304% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9540 | −0.337% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9529 | −0.373% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9557 | −0.280% | $563K | $513K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9610 | −0.101% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9590 | −0.169% | $103K | $118K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9542 | −0.331% | $23K | $131K | 10x | as long as short |
| Hyperliquid ICPlong | +0.0110% | 1h | 2.9640 | long leg | $4.6M | $4.8M | 5x | |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9580 | −0.202% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9650 | +0.034% | $58K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0434% / S −0.0367% | 1h | 2.9625 | −0.049% | $31K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
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
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]