Funding you earn now, next payment 04:00 UTC+0.0257%/8h= +28.2% APRnext payment +$0.32 per $10,000 · paid last 24h +0.092%
Price spread now: Hyperliquid against Pacifica+0.111%7-day average +0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$880.880% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.111%, 7d avg +0.105%
=Together, before fees+0.048%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.105%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.060% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ICP | 2.9497 | 0.0100 | pay 0.0013% / 1h | 51m 36s | $134K | $10K | 5x |
| Short | Hyperliquid ICP | 2.9530 | 0.0357 | get 0.0045% / 1h | 51m 36s | $4.5M | $4.9M | 5x |
Pacifica ICP
Hyperliquid ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Pacifica. 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
- $53.99
- Price spread: +0.111% → +0.105%
- $0.55
- Slippage, 4 orders
- −$70.96
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$33.42
- Costs to cover
- 0.880%
- Break-even
- 11.3 days
Slippage from Pacifica: live order book, 6 min ago; Hyperliquid: live order book, 10 min ago.
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 Pacifica live order book, 6 min ago | 22.12 bp | 30.0 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.01 bp | 10.2 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0089% | 1h | 2.9521 | +0.080% | $263 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9515 | +0.060% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9532 | +0.118% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.568% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0091% | 8h | 2.9655 | +0.535% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9516 | +0.063% | $158K | $485K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9536 | +0.131% | $269K | $1.7M | 20x | as long as short |
| Pacifica ICPlong | +0.0100% | 1h | 2.9497 | long leg | $134K | $10K | 5x | |
| Binance ICPUSDT | +0.0100% | 8h | 2.9500 | +0.008% | $29.0M | $52.0M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9480 | −0.059% | $17.1M | $18.6M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Aster ICPUSDT
Binance ICPUSDT
Bybit ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9510 | +0.043% | $5.6M | $16.6M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9490 | −0.025% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9490 | −0.025% | $19.9M | $10.1M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9480 | −0.059% | $4.8M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9500 | +0.009% | $6.9M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9490 | −0.025% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9633 | +0.459% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9637 | +0.474% | $573K | $464K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9500 | +0.009% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9490 | −0.025% | $103K | $181K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9500 | +0.009% | $1.7M | $793K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9501 | +0.013% | $22K | $127K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9610 | +0.382% | $1.3M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9710 | +0.721% | $67K | $65K | 50x | as long as short |
| Hyperliquid ICPshort | +0.0357% | 1h | 2.9530 | +0.111% | $4.5M | $4.9M | 5x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0504% / S −0.0480% | 1h | 2.9525 | +0.094% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0571% | 1h | 2.9544 | +0.157% | $519K | $630K | 50x | as long as short |
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
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD