ICP

Alert

Funding spread now, next payment 13:00 UTC+0.0561%/8h

paid, last 24h+0.065%paid, last 7 days+0.078%to open and close $10k−$27

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% 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	MEXC ICP_USDT	2.9750	0.0100	pay 0.0100% / 8h	3h 32m	$20.5M	$6.4M	50x
Short	Hyperliquid ICP	2.9824	0.0661	get 0.0083% / 1h	32m 27s	$4.6M	$3.5M	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee HyperliquidbpOrdersRate

Funding earned: $117.72
Slippage, 4 orders: −$18.16
Fee MEXC: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $90.56
Break-even: 1.6 days

Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 11 min ago.

Price risk

price view

Price gap now: +0.249%
Avg gap 7d: +0.089%

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 MEXC live order book, 3 min ago	1.68 bp	4.1 bp −$4	10.1 bp −$101	55.7 bp −$5,575	131.1 bp −$65.6K
Sell Hyperliquid live order book, 11 min ago	0.84 bp	10.4 bp −$10	doesn't fit	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
Phemex ICPUSDT	−0.0947%	8h	$1.7M	$698K	50x	as long as short
Variational Omni ICP	−0.0279%	8h	$1.0M	$49K	—	as long as short
Bybit ICPUSDT	−0.0154%	8h	$16.7M	$13.3M	75x	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0052%	1h	$165	$156	50x	as long as short
dYdX ICP-USD	0.0000%	1h	$70K	$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	$191K	12x	as long as short
Gate ICP_USDT	+0.0045%	8h	$1.8M	$2.2M	50x	as long as short
Kraken Futures PF_ICPUSD	+0.0080%	1h	$485K	$519K	50x	as long as short
Lighter ICP	+0.0096%	1h	$144K	$241K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ICP-USDT-SWAP	+0.0098%	8h	$5.8M	$15.3M	50x	as long as short
Aster ICPUSDT	+0.0100%	8h	$197K	$1.8M	20x	as long as short
Pacifica ICP	+0.0100%	1h	$135K	$11K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	$29.2M	$43.0M	75x	as long as short
MEXC ICP_USDTlong	+0.0100%	8h	$20.5M	$6.4M	50x
KuCoin ICPUSDTM	+0.0100%	8h	$5.7M	$9.5M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	$6.7M	$3.5M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	—	$3.5M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	$23K	$273K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	$2K	$1.6M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	$112K	$281K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	$23K	$121K	10x	as long as short
Coinbase International ICP-PERP-INTX	+0.0152%	1h	$62K	$128K	50x	as long as short
BloFin ICP-USDT	+0.0220%	8h	$1.2M	$1.5M	75x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0429% / S −0.0357%	1h	$30K	—	100x	as long as short
Hyperliquid ICPshort	+0.0661%	1h	$4.6M	$3.5M	5x