ICP

Alert

Funding spread now, next payment 15:00 UTC+0.0337%/8h

next payment, per $10,000+$0.42paid, last 24h+0.064%paid, last 7 days+0.010%to open and close $10k−$76

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 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	Pacifica ICP	2.9560	0.0100	pay 0.0013% / 1h	58m 26s	$134K	$11K	5x
Short	Hyperliquid ICP	2.9622	0.0437	get 0.0055% / 1h	58m 26s	$4.7M	$3.4M	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee HyperliquidbpOrdersRate

Funding earned: $70.67
Slippage, 4 orders: −$59.32
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$5.64
Break-even: 7.6 days

Slippage from Pacifica: live order book, 61 min ago; Hyperliquid: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.210%
Avg gap 7d: +0.098%

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 Pacifica live order book, 61 min ago	20.51 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	1.51 bp	9.9 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	−0.0969%	8h	$1.7M	$690K	50x	as long as short
Kraken Futures PF_ICPUSD	−0.0688%	1h	$488K	$540K	50x	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0493%	1h	$235	$227	50x	as long as short
Variational Omni ICP	−0.0340%	8h	$1.0M	$79K	—	as long as short
Bybit ICPUSDT	−0.0196%	8h	$16.6M	$14.4M	75x	as long as short
Gate ICP_USDT	−0.0005%	8h	$1.8M	$2.3M	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
OKX ICP-USDT-SWAP	+0.0018%	8h	$5.8M	$15.7M	50x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	$202	$191K	12x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance ICPUSDT	+0.0094%	8h	$28.5M	$45.9M	75x	as long as short
Lighter ICP	+0.0096%	1h	$151K	$295K	5x	as long as short
Extended ICP-USD	+0.0096%	1h	$26K	$133K	10x	as long as short
MEXC ICP_USDT	+0.0099%	8h	$19.5M	$6.6M	50x	as long as short
Aster ICPUSDT	+0.0100%	8h	$186K	$1.8M	20x	as long as short
Pacifica ICPlong	+0.0100%	1h	$134K	$11K	5x
KuCoin ICPUSDTM	+0.0100%	8h	$4.9M	$10.5M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	$6.8M	$3.9M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	—	$3.6M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	$23K	$275K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	$2K	$1.7M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	$112K	$283K	20x	as long as short
Coinbase International ICP-PERP-INTX	+0.0128%	1h	$66K	$120K	50x	as long as short
BloFin ICP-USDT	+0.0219%	8h	$1.2M	$2.2M	75x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0427% / S −0.0357%	1h	$30K	—	100x	as long as short
Hyperliquid ICPshort	+0.0437%	1h	$4.7M	$3.4M	5x