Settings8H · net · $10k
Funding arb · Price arb /

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.077%
Price spread now: Hyperliquid against SunX+0.167%7-day average +0.175% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1601.595% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.167%, 7d avg +0.175%
Together, before fees+0.017%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ICP-USDT2.93500.0100pay 0.0100% / 8h2h 16m$2K$1.5M20x
ShortHyperliquid ICP2.93990.0100get 0.0013% / 1h16m 24s$4.5M$4.8M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.167% → +0.175%
−$0.84
Slippage, 4 orders
−$142.53
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$160.37
Costs to cover
1.595%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago46.27 bp67.0 bp −$67doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago1.71 bp12.4 bp −$12doesn't fitdoesn't fitdoesn't fit

ICP on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ICPUSD−0.0068%1h2.9385+0.120%$522K$688K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0056%1h2.9359+0.031%$191$43950xas long as short
dYdX ICP-USD0.0000%1h2.9340−0.035%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9363+0.044%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.073%$202$200K12xas long as short
Variational Omni ICP+0.0053%8h2.9230−0.409%$1.0M$133Kas long as short
Phemex ICPUSDT+0.0077%8h2.9310−0.136%$1.7M$668K50xas long as short
Lighter ICP+0.0096%1h2.9374+0.082%$141K$494K5xas long as short
Hyperliquid ICPshort+0.0100%1h2.9399+0.167%$4.5M$4.8M5x
Aster ICPUSDT+0.0100%8h2.9367+0.059%$263K$1.3M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9341−0.031%$133K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9367+0.059%$28.8M$48.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.93500.000%$17.1M$18.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.93500.000%$5.6M$14.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.93500.000%$1.8M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9360+0.034%$18.4M$10.0M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.93500.000%$4.8M$12.2M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9380+0.102%$6.9M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9360+0.034%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9258−0.314%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9290−0.205%$565K$505K10xas long as short
SunX ICP-USDTlong+0.0100%8h2.9350long leg$2K$1.5M20x
HTX ICP-USDT+0.0100%8h2.93500.000%$102K$118K20xas long as short
Extended ICP-USD+0.0104%1h2.9352+0.006%$23K$131K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9280−0.239%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0336%1h2.9380+0.102%$57K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9363+0.044%$30K100xas long as short