Spread before costs (cost unknown: a leg has no order-book sample)+0.954%
7d average+0.904%if it closes, per $10,000$95funding while held, a day−$7.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 2.9358 | 0.0279 | pay 0.0035% / 1h | 52m 55s | $4.6M | $3.4M | 5x |
| Short | Injective ICP/USDC PERP | 2.9638 | 0.0033 | get 0.0004% / 1h | 52m 55s | $202 | $191K | 12x |
Hyperliquid ICP
Injective ICP/USDC PERPPrice 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
- $95.37
- Funding while held
- −$7.37
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $78.98
- Spread needed to break even
- 0.090%
Slippage unknown: Hyperliquid: live order book, 10 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0246%
- Per $10,000 a day
- −$7.37
- 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, 10 min ago | 1.51 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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%Bybit2.9270+0.151%Kraken Futures2.9274+0.166%Lighter2.9275+0.168%Aster2.9283+0.196%OKX2.9290+0.219%Gate2.9290+0.219%BingX2.9290+0.219%Binance2.9293+0.228%MEXC2.9300+0.253%Phemex2.9300+0.253%Extended2.9301+0.257%Pacifica2.9301+0.257%KuCoin2.9310+0.287%dYdX2.9312+0.296%Bitget2.9330+0.356%
Deribit
GMX
HTX
BloFin
gTrade (Gains Network)
SunX
Bybit
Kraken Futures
Lighter
Aster
OKX
Gate
BingX
Binance
MEXC
Phemex
Extended
Pacifica
KuCoin
dYdX
BitgetHyperliquid2.9358+0.452%
edgeX2.9454+0.781%Variational Omni2.9562+1.148%Coinbase International2.9600+1.280%
Variational Omni
Coinbase InternationalInjective2.9638+1.410%
ICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.450% | −0.0536% | 1h | $162 | $298 | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | −0.377% | L +0.0426% / S −0.0357% | 1h | $30K | — | 100x | as long as short |
| HTX ICP-USDT | −0.368% | +0.0100% | 8h | $110K | $283K | 20x | as long as short |
| BloFin ICP-USDT | −0.368% | +0.0201% | 8h | $1.2M | $2.2M | 75x | as long as short |
| gTrade (Gains Network) ICP/USD | −0.366% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| SunX ICP-USDT | −0.334% | +0.0100% | 8h | $1K | $1.7M | 20x | as long as short |
| Bybit ICPUSDT | −0.300% | −0.0198% | 8h | $16.5M | $14.5M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | −0.285% | −0.0696% | 1h | $482K | $542K | 50x | as long as short |
| Lighter ICP | −0.283% | +0.0096% | 1h | $146K | $307K | 5x | as long as short |
| Aster ICPUSDT | −0.255% | +0.0100% | 8h | $184K | $1.8M | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | −0.232% | +0.0006% | 8h | $5.7M | $15.6M | 50x | as long as short |
| Gate ICP_USDT | −0.232% | −0.0005% | 8h | $1.8M | $2.3M | 50x | as long as short |
| BingX ICP-USDT | −0.232% | +0.0100% | 8h | — | $3.6M | — | as long as short |
| Binance ICPUSDT | −0.223% | +0.0081% | 8h | $28.3M | $46.0M | 75x | as long as short |
| MEXC ICP_USDT | −0.198% | +0.0086% | 8h | $19.2M | $6.7M | 50x | as long as short |
| Phemex ICPUSDT | −0.198% | −0.0972% | 8h | $1.7M | $690K | 50x | as long as short |
| Extended ICP-USD | −0.194% | +0.0080% | 1h | $26K | $133K | 10x | as long as short |
| Pacifica ICP | −0.193% | +0.0100% | 1h | $133K | $11K | 5x | as long as short |
| KuCoin ICPUSDTM | −0.163% | +0.0100% | 8h | $4.9M | $10.5M | 50x | as long as short |
| dYdX ICP-USD | −0.155% | 0.0000% | 1h | $69K | $3K | 5x | as long as short |
| Bitget ICPUSDT | −0.095% | +0.0100% | 8h | $6.8M | $3.9M | 50x | as long as short |
| Hyperliquid ICPlong | 0.000% | +0.0279% | 1h | $4.6M | $3.4M | 5x | |
| edgeX ICPUSDC | +0.327% | +0.0100% | 4h | $23K | $273K | 10x | as long as short |
| Variational Omni ICP | +0.693% | −0.0351% | 8h | $1.0M | $79K | — | as long as short |
| Coinbase International ICP-PERP-INTX | +0.824% | +0.0128% | 1h | $66K | $118K | 50x | as long as short |
| Injective ICP/USDC PERPshort | +0.954% | +0.0033% | 1h | $202 | $191K | 12x |