Funding you earn now, next payment 09:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.061%
Price spread now: HTX against Hyperliquid−0.136%7-day average −0.208% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$960.957% of the position
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now −0.136%, 7d avg −0.208%
=Together, before fees−0.178%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.073% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.136% now, against its 7-day average of −0.208%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 2.9440 | 0.0138 | pay 0.0017% / 1h | 32m 05s | $4.5M | $4.6M | 5x |
| Short | HTX ICP-USDT | 2.9400 | 0.0100 | get 0.0100% / 8h | 7h 32m | $103K | $115K | 20x |
Hyperliquid ICP
HTX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$8
- Price spread: −0.136% → −0.208%
- $7.25
- Slippage, 4 orders
- −$74.66
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$96.41
- Costs to cover
- 0.957%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; HTX: live order book, 64 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, 10 min ago | 1.02 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 64 min ago | 11.88 bp | 53.3 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0341% | 1h | 2.9424 | −0.053% | $521K | $655K | 50x | as long as short |
| Variational Omni ICP | −0.0157% | 8h | 2.9490 | +0.170% | $1.0M | $135K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9435 | −0.016% | $69K | $1K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9390 | −0.170% | $191 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9393 | −0.161% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.764% | $202 | $200K | 12x | as long as short |
| Bybit ICPUSDT | +0.0040% | 8h | 2.9360 | −0.272% | $17.0M | $17.8M | 75x | as long as short |
| Phemex ICPUSDT | +0.0084% | 8h | 2.9390 | −0.170% | $1.7M | $687K | 50x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9402 | −0.129% | $137K | $487K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9415 | −0.083% | $276K | $1.0M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Bybit ICPUSDT
Phemex ICPUSDT
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 | 2.9427 | −0.045% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9390 | −0.169% | $28.7M | $48.1M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9370 | −0.238% | $5.7M | $14.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9370 | −0.238% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9390 | −0.170% | $19.4M | $9.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9390 | −0.170% | $4.9M | $11.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9400 | −0.136% | $7.0M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9380 | −0.204% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9498 | +0.198% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9480 | +0.135% | $560K | $589K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9390 | −0.170% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDTshort | +0.0100% | 8h | 2.9400 | −0.136% | $103K | $115K | 20x | |
| Extended ICP-USD | +0.0104% | 1h | 2.9382 | −0.199% | $22K | $233K | 10x | as long as short |
| Hyperliquid ICPlong | +0.0138% | 1h | 2.9440 | long leg | $4.5M | $4.6M | 5x | |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9430 | −0.034% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0416% | 1h | 2.9540 | +0.340% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0455% / S −0.0403% | 1h | 2.9388 | −0.176% | $32K | — | 100x | as long as short |
Pacifica ICP
Binance 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
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]