ICP

Alert

Funding spread now, next payment 19:00 UTC−0.0305%/8h

paid, last 24h−0.096%paid, last 7 days−0.212%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.212% in total (about -11.0% a year). A funding rate is set anew for every payment. 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	2.9013	0.0100	pay 0.0013% / 1h	58m 59s	$4.5M	$3.5M	5x
Short	Gate ICP_USDT	2.8980	−0.0205	pay 0.0205% / 8h	5h 58m	$1.8M	$2.4M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee GatebpOrdersRate

Funding earned: −$64.05
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$88.05
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 4 min ago; Gate: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.114%
Avg gap 7d: −0.100%

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, 4 min ago	0.52 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.46 bp	22.5 bp −$22	69.1 bp −$691	256.8 bp −$25.7K	doesn't fit

ICP on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni ICP	−0.0398%	8h	$1.0M	$101K	—	as long as short
Bybit ICPUSDT	−0.0392%	8h	$16.6M	$16.2M	75x	as long as short
Gate ICP_USDTshort	−0.0205%	8h	$1.8M	$2.4M	50x
Deribit ICP_USDC-PERPETUAL	−0.0129%	1h	$258	$366	50x	as long as short
Kraken Futures PF_ICPUSD	−0.0044%	1h	$473K	$537K	50x	as long as short
dYdX ICP-USD	0.0000%	1h	$69K	$3K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	$26K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	$202	$74K	12x	as long as short
MEXC ICP_USDT	+0.0055%	8h	$18.2M	$7.1M	50x	as long as short
Binance ICPUSDT	+0.0056%	8h	$28.0M	$46.6M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended ICP-USD	+0.0056%	1h	$24K	$133K	10x	as long as short
OKX ICP-USDT-SWAP	+0.0065%	8h	$5.6M	$14.9M	50x	as long as short
Aster ICPUSDT	+0.0090%	8h	$184K	$1.8M	20x	as long as short
Lighter ICP	+0.0096%	1h	$137K	$277K	5x	as long as short
Hyperliquid ICPlong	+0.0100%	1h	$4.5M	$3.5M	5x
Pacifica ICP	+0.0100%	1h	$131K	$10K	5x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	$5.0M	$11.6M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	$6.7M	$4.0M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	—	$4.2M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	$23K	$277K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	$1K	$1.7M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	$104K	$220K	20x	as long as short
Phemex ICPUSDT	+0.0100%	8h	$1.7M	$798K	50x	as long as short
BloFin ICP-USDT	+0.0176%	8h	$1.2M	$2.4M	75x	as long as short
Coinbase International ICP-PERP-INTX	+0.0224%	1h	$61K	$85K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0346% / S −0.0230%	1h	$29K	—	100x	as long as short