Funding you earn now, next payment 05:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h −0.360%
Price spread now: Phemex against Hyperliquid−0.256%7-day average −0.293% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.566%−$257 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now −0.256%, 7d avg −0.293%
=Together, before fees−2.683%+ Points / potential airdropHyperliquid: Season 2 · farm board−$268 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.038% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.256% now, against its 7-day average of −0.293%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−2.566% in total) that is about 2 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 2.9706 | 0.0100 | pay 0.0013% / 1h | 53m 16s | $4.6M | $4.9M | 5x |
| Short | Phemex ICPUSDT | 2.9630 | −0.0083 | pay 0.0083% / 8h | 3h 53m | $1.8M | $791K | 50x |
Hyperliquid ICP
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$38.38
- Price spread: −0.256% → −0.293%
- $3.76
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$55.62
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Phemex: live order book, 5 min ago. Net counts fees only.
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, 9 min ago | 0.67 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 5.07 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
ICP on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDTshort | −0.0083% | 8h | 2.9630 | −0.256% | $1.8M | $791K | 50x | |
| Kraken Futures PF_ICPUSD | −0.0058% | 1h | 2.9714 | +0.027% | $533K | $610K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9645 | −0.206% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9687 | −0.064% | $265 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9682 | −0.080% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.138% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0083% | 8h | 2.9590 | −0.391% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9707 | +0.003% | $154K | $477K | 5x | as long as short |
| Hyperliquid ICPlong | +0.0100% | 1h | 2.9706 | long leg | $4.6M | $4.9M | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9660 | −0.155% | $264K | $1.6M | 20x | as long as short |
Kraken Futures PF_ICPUSD
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9649 | −0.193% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9681 | −0.083% | $29.2M | $49.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9670 | −0.121% | $17.1M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9690 | −0.054% | $5.7M | $15.7M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9660 | −0.155% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9680 | −0.088% | $19.7M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9690 | −0.054% | $4.9M | $12.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9690 | −0.054% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9670 | −0.121% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9628 | −0.261% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9596 | −0.369% | $567K | $470K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9680 | −0.088% | $1K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9610 | −0.323% | $104K | $117K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9671 | −0.119% | $22K | $132K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9600 | −0.357% | $1.2M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9750 | +0.148% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0434% / S −0.0367% | 1h | 2.9677 | −0.098% | $31K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]