After costs, if the gap returns to its 7d average, $10k+$7
spread now+0.845%7d average+0.126%fees + slippage, in and out−$65spread needed0.648%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 2.9352 | 0.0265 | pay 0.0033% / 1h | 52m 42s | $4.6M | $3.4M | 5x |
| Short | Coinbase International ICP-PERP-INTX | 2.9600 | 0.0128 | get 0.0016% / 1h | 52m 42s | $66K | $118K | 50x |
Hyperliquid ICP
Coinbase International ICP-PERP-INTXPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $84.49
- Funding while held
- −$4.12
- Slippage, 4 orders
- −$45.84
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $15.53
- Spread needed to break even
- 0.648%
Slippage from Hyperliquid: live order book, 11 min ago; Coinbase International: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0137%
- Per $10,000 a day
- −$4.12
- Average in range /8h
- —
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, 11 min ago | 1.51 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 11.93 bp | 20.3 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
ICP price on every exchange
against the cheapest. Click to use as the short leg.Deribit2.9226cheapestGMX2.9247+0.073%HTX2.9250+0.082%BloFin2.9250+0.082%gTrade (Gains Network)2.9251+0.084%SunX2.9260+0.116%Kraken Futures2.9274+0.166%Bybit2.9280+0.185%OKX2.9280+0.185%BingX2.9290+0.219%Aster2.9291+0.223%MEXC2.9300+0.253%Phemex2.9300+0.253%Extended2.9301+0.257%Pacifica2.9301+0.257%KuCoin2.9310+0.287%Lighter2.9320+0.322%Gate2.9320+0.322%Bitget2.9320+0.322%Binance2.9330+0.356%dYdX2.9336+0.377%
Deribit
GMX
HTX
BloFin
gTrade (Gains Network)
SunX
Kraken Futures
Bybit
OKX
BingX
Aster
MEXC
Phemex
Extended
Pacifica
KuCoin
Lighter
Gate
Bitget
Binance
dYdXHyperliquid2.9352+0.431%
edgeX2.9454+0.781%Variational Omni2.9562+1.148%
Variational OmniCoinbase International2.9600+1.280%
Injective2.9638+1.410%
InjectiveICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.429% | −0.0536% | 1h | $162 | $298 | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | −0.357% | L +0.0426% / S −0.0357% | 1h | $30K | — | 100x | as long as short |
| HTX ICP-USDT | −0.348% | +0.0100% | 8h | $110K | $283K | 20x | as long as short |
| BloFin ICP-USDT | −0.348% | +0.0201% | 8h | $1.2M | $2.2M | 75x | as long as short |
| gTrade (Gains Network) ICP/USD | −0.345% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| SunX ICP-USDT | −0.313% | +0.0100% | 8h | $1K | $1.7M | 20x | as long as short |
| Kraken Futures PF_ICPUSD | −0.264% | −0.0696% | 1h | $482K | $542K | 50x | as long as short |
| Bybit ICPUSDT | −0.245% | −0.0198% | 8h | $16.5M | $14.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | −0.245% | +0.0007% | 8h | $5.7M | $15.6M | 50x | as long as short |
| BingX ICP-USDT | −0.211% | +0.0100% | 8h | — | $3.6M | — | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster ICPUSDT | −0.207% | +0.0100% | 8h | $184K | $1.8M | 20x | as long as short |
| MEXC ICP_USDT | −0.177% | +0.0086% | 8h | $19.2M | $6.7M | 50x | as long as short |
| Phemex ICPUSDT | −0.177% | −0.0972% | 8h | $1.7M | $690K | 50x | as long as short |
| Extended ICP-USD | −0.174% | +0.0080% | 1h | $26K | $133K | 10x | as long as short |
| Pacifica ICP | −0.173% | +0.0100% | 1h | $133K | $11K | 5x | as long as short |
| KuCoin ICPUSDTM | −0.143% | +0.0100% | 8h | $4.9M | $10.5M | 50x | as long as short |
| Lighter ICP | −0.109% | +0.0096% | 1h | $147K | $308K | 5x | as long as short |
| Gate ICP_USDT | −0.109% | −0.0005% | 8h | $1.8M | $2.3M | 50x | as long as short |
| Bitget ICPUSDT | −0.109% | +0.0100% | 8h | $6.8M | $3.9M | 50x | as long as short |
| Binance ICPUSDT | −0.075% | +0.0081% | 8h | $28.3M | $46.0M | 75x | as long as short |
| dYdX ICP-USD | −0.054% | 0.0000% | 1h | $69K | $3K | 5x | as long as short |
| Hyperliquid ICPlong | 0.000% | +0.0265% | 1h | $4.6M | $3.4M | 5x | |
| edgeX ICPUSDC | +0.348% | +0.0100% | 4h | $23K | $273K | 10x | as long as short |
| Variational Omni ICP | +0.714% | −0.0351% | 8h | $1.0M | $79K | — | as long as short |
| Coinbase International ICP-PERP-INTXshort | +0.845% | +0.0128% | 1h | $66K | $118K | 50x | |
| Injective ICP/USDC PERP | +0.974% | +0.0033% | 1h | $202 | $191K | 12x | as long as short |