Spread before costs (cost unknown: a leg has no order-book sample)+0.328%
7d average+0.294%if it closes, per $10,000$33funding while held, a day+$37.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9570 | −0.0946 | get 0.0946% / 8h | 2h 38m | $1.7M | $696K | 50x |
| Short | Hyperliquid ICP | 2.9667 | 0.0290 | get 0.0036% / 1h | 38m 56s | $4.6M | $3.3M | 5x |
Phemex ICPUSDT
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
- $32.8
- Funding while held
- $37.1
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $48.9
- Spread needed to break even
- 0.210%
Slippage unknown: Phemex: live order book, 6 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1237%
- Per $10,000 a day
- +$37.10
- 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 Phemex live order book, 6 min ago | 3.38 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.68 bp | 10.2 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.Variational Omni2.9539cheapestSunX2.9570+0.105%
Variational Omni
SunXPhemex2.9570+0.105%
dYdX2.9571+0.109%Deribit2.9583+0.149%edgeX2.9588+0.167%KuCoin2.9590+0.173%BloFin2.9590+0.173%Extended2.9591+0.177%Bybit2.9600+0.207%OKX2.9600+0.207%Gate2.9600+0.207%BingX2.9600+0.207%GMX2.9603+0.218%Aster2.9605+0.223%Binance2.9610+0.241%MEXC2.9610+0.241%gTrade (Gains Network)2.9610+0.241%Kraken Futures2.9614+0.256%Lighter2.9615+0.257%Bitget2.9620+0.274%HTX2.9620+0.274%Pacifica2.9620+0.275%Injective2.9638+0.335%
dYdX
Deribit
KuCoin
BloFin
Extended
Bybit
OKX
Gate
BingX
GMX
Aster
Binance
MEXC
gTrade (Gains Network)
Kraken Futures
Lighter
Bitget
HTX
Pacifica
InjectiveHyperliquid2.9667+0.434%
Coinbase International2.9730+0.647%
Coinbase InternationalICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ICP | −0.105% | −0.0319% | 8h | $1.0M | $56K | — | as long as short |
| SunX ICP-USDT | 0.000% | +0.0100% | 8h | $2K | $1.7M | 20x | as long as short |
| Phemex ICPUSDTlong | 0.000% | −0.0946% | 8h | $1.7M | $696K | 50x | |
| dYdX ICP-USD | +0.004% | 0.0000% | 1h | $70K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | +0.044% | −0.0527% | 1h | $163 | $156 | 50x | as long as short |
| edgeX ICPUSDC | +0.062% | +0.0100% | 4h | $23K | $273K | 10x | as long as short |
| KuCoin ICPUSDTM | +0.068% | +0.0100% | 8h | $5.0M | $10.0M | 50x | as long as short |
| BloFin ICP-USDT | +0.068% | +0.0220% | 8h | $1.2M | $1.6M | 75x | as long as short |
| Extended ICP-USD | +0.071% | +0.0104% | 1h | $23K | $124K | 10x | as long as short |
| Bybit ICPUSDT | +0.101% | −0.0170% | 8h | $16.9M | $13.7M | 75x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.101% | +0.0063% | 8h | $5.8M | $15.4M | 50x | as long as short |
| Gate ICP_USDT | +0.101% | +0.0003% | 8h | $1.8M | $2.3M | 50x | as long as short |
| BingX ICP-USDT | +0.101% | +0.0100% | 8h | — | $3.5M | — | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | +0.113% | L +0.0428% / S −0.0357% | 1h | $30K | — | 100x | as long as short |
| Aster ICPUSDT | +0.117% | +0.0100% | 8h | $195K | $1.8M | 20x | as long as short |
| Binance ICPUSDT | +0.135% | +0.0100% | 8h | $28.8M | $44.4M | 75x | as long as short |
| MEXC ICP_USDT | +0.135% | +0.0100% | 8h | $20.2M | $6.4M | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | +0.135% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| Kraken Futures PF_ICPUSD | +0.150% | +0.0022% | 1h | $484K | $530K | 50x | as long as short |
| Lighter ICP | +0.152% | +0.0096% | 1h | $146K | $246K | 5x | as long as short |
| Bitget ICPUSDT | +0.169% | +0.0100% | 8h | $6.9M | $3.7M | 50x | as long as short |
| HTX ICP-USDT | +0.169% | +0.0100% | 8h | $111K | $281K | 20x | as long as short |
| Pacifica ICP | +0.169% | +0.0100% | 1h | $134K | $11K | 5x | as long as short |
| Injective ICP/USDC PERP | +0.230% | +0.0033% | 1h | $202 | $191K | 12x | as long as short |
| Hyperliquid ICPshort | +0.328% | +0.0290% | 1h | $4.6M | $3.3M | 5x | |
| Coinbase International ICP-PERP-INTX | +0.541% | +0.0168% | 1h | $62K | $109K | 50x | as long as short |