Settings8H · net · $10k
Funding arb · Price arb /

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against BingX+0.067%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1211.209% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.067%, 7d avg −0.044%
Together, before fees−0.108%−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.111% dearer against BingX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ICP-USDT2.97000.0100pay 0.0100% / 8h5h 38m$6.0M
ShortHTX ICP-USDT2.97200.0100get 0.0100% / 8h5h 38m$104K$182K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.067% → −0.044%
$11.11
Slippage, 4 orders
−$98.86
Fee BingX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$109.75
Costs to cover
1.209%
Break-even
never at this rate
Slippage from BingX: live order book, 12 min ago; HTX: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 12 min ago3.36 bp11.2 bp −$1118.4 bp −$18479.3 bp −$7,932511.6 bp −$255.8K
Sell HTX live order book, 24 min ago25.03 bp68.5 bp −$69doesn't fitdoesn't fitdoesn't fit

ICP on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ICP_USDC-PERPETUAL−0.0053%1h2.9718+0.061%$265$46450xas long as short
dYdX ICP-USD0.0000%1h2.9737+0.125%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9730+0.101%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.118%$202$200K12xas long as short
Variational Omni ICP+0.0053%8h2.9769+0.233%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9724+0.081%$161K$483K5xas long as short
Hyperliquid ICP+0.0100%1h2.9723+0.077%$4.6M$5.0M5xas long as short
Aster ICPUSDT+0.0100%8h2.9740+0.135%$274K$1.7M20xas long as short
Pacifica ICP+0.0100%1h2.9758+0.197%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9690−0.034%$29.2M$53.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9680−0.067%$17.3M$19.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.97000.000%$5.8M$16.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9690−0.034%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.97000.000%$19.3M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9710+0.034%$4.8M$13.2M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9710+0.034%$7.0M$4.9M50xas long as short
BingX ICP-USDTlong+0.0100%8h2.9700long leg$6.0M
edgeX ICPUSDC+0.0100%4h2.9769+0.231%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9811+0.373%$566K$492K10xas long as short
SunX ICP-USDT+0.0100%8h2.9740+0.135%$1K$1.8M20xas long as short
HTX ICP-USDTshort+0.0100%8h2.9720+0.067%$104K$182K20x
Phemex ICPUSDT+0.0100%8h2.9800+0.337%$1.8M$794K50xas long as short
Extended ICP-USD+0.0104%1h2.9679−0.071%$22K$123K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9740+0.135%$1.3M$2.2M75xas long as short
Kraken Futures PF_ICPUSD+0.0295%1h2.9733+0.110%$523K$640K50xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9880+0.606%$67K$71K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0506% / S −0.0480%1h2.9728+0.093%$37K100xas long as short