Spread before costs (cost unknown: a leg has no order-book sample)−0.371%
7d average−0.873%if it closes, per $10,000$37funding while held, a day+$12.40
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ICP/USDC PERP | 2.9638 | 0.0033 | pay 0.0004% / 1h | 18m 37s | $202 | $164K | 12x |
| Short | Hyperliquid ICP | 2.9528 | 0.0447 | get 0.0056% / 1h | 18m 37s | $4.8M | $3.7M | 5x |
Injective ICP/USDC PERP
Hyperliquid ICPPrice 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
- −$37.11
- Funding while held
- $12.4
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$33.74
- Spread needed to break even
- 0.090%
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0413%
- Per $10,000 a day
- +$12.40
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 5 min ago | 1.53 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
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.Variational Omni2.9373cheapestBloFin2.9390+0.060%edgeX2.9400+0.095%OKX2.9420+0.162%Coinbase International2.9430+0.196%Bybit2.9450+0.264%Gate2.9450+0.264%Extended2.9454+0.277%MEXC2.9460+0.298%BingX2.9460+0.298%HTX2.9460+0.298%Deribit2.9465+0.315%GMX2.9466+0.320%gTrade (Gains Network)2.9467+0.323%Bitget2.9470+0.332%SunX2.9470+0.332%Binance2.9472+0.339%dYdX2.9478+0.360%Aster2.9479+0.364%KuCoin2.9480+0.366%Pacifica2.9489+0.398%Phemex2.9490+0.400%Lighter2.9495+0.417%Kraken Futures2.9516+0.490%
Variational Omni
BloFin
OKX
Coinbase International
Bybit
Gate
Extended
MEXC
BingX
HTX
Deribit
GMX
gTrade (Gains Network)
Bitget
SunX
Binance
dYdX
Aster
KuCoin
Pacifica
Phemex
Lighter
Kraken FuturesHyperliquid2.9528+0.529%
Injective2.9638+0.904%
ICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ICP | −0.896% | −0.0380% | 8h | $1.0M | $83K | — | as long as short |
| BloFin ICP-USDT | −0.837% | +0.0116% | 8h | $1.2M | $2.4M | 75x | as long as short |
| edgeX ICPUSDC | −0.801% | +0.0100% | 4h | $23K | $275K | 10x | as long as short |
| OKX ICP-USDT-SWAP | −0.736% | −0.0022% | 8h | $5.8M | $16.0M | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | −0.702% | +0.0096% | 1h | $67K | $119K | 50x | as long as short |
| Bybit ICPUSDT | −0.634% | −0.0192% | 8h | $16.5M | $15.3M | 75x | as long as short |
| Gate ICP_USDT | −0.634% | −0.0013% | 8h | $1.8M | $2.3M | 50x | as long as short |
| Extended ICP-USD | −0.621% | −0.0008% | 1h | $26K | $133K | 10x | as long as short |
| MEXC ICP_USDT | −0.601% | −0.0004% | 8h | $18.5M | $7.4M | 50x | as long as short |
| BingX ICP-USDT | −0.601% | +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 | |
|---|---|---|---|---|---|---|---|
| HTX ICP-USDT | −0.601% | +0.0100% | 8h | $111K | $284K | 20x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.584% | −0.0191% | 1h | $263 | $366 | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | −0.579% | L +0.0356% / S −0.0238% | 1h | $30K | — | 100x | as long as short |
| gTrade (Gains Network) ICP/USD | −0.576% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| Bitget ICPUSDT | −0.567% | +0.0100% | 8h | $6.8M | $4.0M | 50x | as long as short |
| SunX ICP-USDT | −0.567% | +0.0100% | 8h | $2K | $1.8M | 20x | as long as short |
| Binance ICPUSDT | −0.560% | −0.0002% | 8h | $28.6M | $47.9M | 75x | as long as short |
| dYdX ICP-USD | −0.539% | 0.0000% | 1h | $70K | $3K | 5x | as long as short |
| Aster ICPUSDT | −0.535% | +0.0100% | 8h | $176K | $1.9M | 20x | as long as short |
| KuCoin ICPUSDTM | −0.533% | +0.0100% | 8h | $5.0M | $11.3M | 50x | as long as short |
| Pacifica ICP | −0.502% | +0.0100% | 1h | $134K | $10K | 5x | as long as short |
| Phemex ICPUSDT | −0.499% | −0.0614% | 8h | $1.7M | $752K | 50x | as long as short |
| Lighter ICP | −0.482% | +0.0096% | 1h | $144K | $321K | 5x | as long as short |
| Kraken Futures PF_ICPUSD | −0.410% | −0.0671% | 1h | $507K | $558K | 50x | as long as short |
| Hyperliquid ICPshort | −0.371% | +0.0447% | 1h | $4.8M | $3.7M | 5x | |
| Injective ICP/USDC PERPlong | 0.000% | +0.0033% | 1h | $202 | $164K | 12x |