After costs, if the gap returns to its 7d average, $10k−$17
spread now+0.195%7d average+0.089%fees + slippage, in and out−$27spread needed0.272%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ICP_USDT | 2.9770 | 0.0100 | pay 0.0100% / 8h | 3h 32m | $20.5M | $6.4M | 50x |
| Short | Hyperliquid ICP | 2.9828 | 0.0658 | get 0.0082% / 1h | 32m 47s | $4.6M | $3.5M | 5x |
MEXC ICP_USDT
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
- $19.48
- Funding while held
- $16.73
- Slippage, 4 orders
- −$18.16
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $9.05
- Spread needed to break even
- 0.272%
Slippage from MEXC: live order book, 2 min ago; Hyperliquid: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0558%
- Per $10,000 a day
- +$16.73
- 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 MEXC live order book, 2 min ago | 1.68 bp | 4.1 bp −$4 | 10.1 bp −$101 | 55.7 bp −$5,575 | 131.1 bp −$65.6K |
| Sell Hyperliquid live order book, 10 min ago | 0.84 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
ICP price on every exchange
against the cheapest. Click to use as the short leg.Injective2.9638cheapestVariational Omni2.9670+0.106%Phemex2.9710+0.243%edgeX2.9717+0.266%Pacifica2.9724+0.289%Bybit2.9730+0.310%BingX2.9730+0.310%BloFin2.9730+0.310%dYdX2.9734+0.325%Gate2.9740+0.344%OKX2.9750+0.378%Bitget2.9750+0.378%Binance2.9758+0.404%SunX2.9760+0.412%HTX2.9760+0.412%Extended2.9762+0.417%GMX2.9762+0.417%gTrade (Gains Network)2.9762+0.419%Aster2.9763+0.422%
Injective
Variational Omni
Phemex
Pacifica
Bybit
BingX
BloFin
dYdX
Gate
OKX
Bitget
Binance
SunX
HTX
Extended
GMX
gTrade (Gains Network)
AsterMEXC2.9770+0.445%
Deribit2.9773+0.455%Kraken Futures2.9778+0.471%KuCoin2.9780+0.479%Lighter2.9787+0.503%Coinbase International2.9810+0.580%
Deribit
Kraken Futures
KuCoin
Lighter
Coinbase InternationalHyperliquid2.9828+0.641%
ICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ICP/USDC PERP | −0.443% | +0.0033% | 1h | $202 | $191K | 12x | as long as short |
| Variational Omni ICP | −0.338% | −0.0279% | 8h | $1.0M | $49K | — | as long as short |
| Phemex ICPUSDT | −0.202% | −0.0947% | 8h | $1.7M | $698K | 50x | as long as short |
| edgeX ICPUSDC | −0.178% | +0.0100% | 4h | $23K | $273K | 10x | as long as short |
| Pacifica ICP | −0.155% | +0.0100% | 1h | $135K | $11K | 5x | as long as short |
| Bybit ICPUSDT | −0.134% | −0.0151% | 8h | $16.7M | $13.3M | 75x | as long as short |
| BingX ICP-USDT | −0.134% | +0.0100% | 8h | — | $3.5M | — | as long as short |
| BloFin ICP-USDT | −0.134% | +0.0220% | 8h | $1.2M | $1.5M | 75x | as long as short |
| dYdX ICP-USD | −0.120% | 0.0000% | 1h | $70K | $3K | 5x | as long as short |
| Gate ICP_USDT | −0.101% | +0.0048% | 8h | $1.8M | $2.2M | 50x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | −0.067% | +0.0099% | 8h | $5.8M | $15.3M | 50x | as long as short |
| Bitget ICPUSDT | −0.067% | +0.0100% | 8h | $6.7M | $3.5M | 50x | as long as short |
| Binance ICPUSDT | −0.041% | +0.0100% | 8h | $29.2M | $43.0M | 75x | as long as short |
| SunX ICP-USDT | −0.034% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | −0.034% | +0.0100% | 8h | $112K | $281K | 20x | as long as short |
| Extended ICP-USD | −0.029% | +0.0104% | 1h | $23K | $121K | 10x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | −0.028% | L +0.0429% / S −0.0357% | 1h | $30K | — | 100x | as long as short |
| gTrade (Gains Network) ICP/USD | −0.026% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| Aster ICPUSDT | −0.024% | +0.0100% | 8h | $197K | $1.8M | 20x | as long as short |
| MEXC ICP_USDTlong | 0.000% | +0.0100% | 8h | $20.5M | $6.4M | 50x | |
| Deribit ICP_USDC-PERPETUAL | +0.010% | −0.0052% | 1h | $165 | $156 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | +0.025% | +0.0080% | 1h | $485K | $519K | 50x | as long as short |
| KuCoin ICPUSDTM | +0.034% | +0.0100% | 8h | $5.6M | $9.5M | 50x | as long as short |
| Lighter ICP | +0.057% | +0.0096% | 1h | $144K | $241K | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.134% | +0.0152% | 1h | $62K | $128K | 50x | as long as short |
| Hyperliquid ICPshort | +0.195% | +0.0658% | 1h | $4.6M | $3.5M | 5x |