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

ICP

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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 −0.009%
Price spread now: Binance against HTX+0.254%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1251.249% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.035%−$3 on $10k
Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.254%, 7d avg +0.054%
Together, before fees−0.155%−$15 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: Binance is 0.200% dearer against HTX than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ICP-USDT2.99400.0100pay 0.0100% / 8h6h 08m$105K$239K20x
ShortBinance ICPUSDT3.00160.0100get 0.0100% / 8h6h 08m$29.6M$53.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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: +0.254% → +0.054%
$20.02
Slippage, 4 orders
−$102.94
Fee HTX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$104.91
Costs to cover
1.249%
Break-even
never at this rate
Slippage from HTX: live order book, 58 min ago; Binance: live order book, 4 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 HTX live order book, 58 min ago44.46 bp50.5 bp −$50doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 4 min ago1.66 bp11.8 bp −$1220.7 bp −$207191.1 bp −$19.1Kdoesn't fit

ICP on 26 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−0.0217%1h2.9979+0.130%$267$46450xas long as short
Phemex ICPUSDT−0.0014%8h2.9960+0.067%$1.8M$798K50xas long as short
dYdX ICP-USD0.0000%1h2.9988+0.160%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9983+0.142%$23K150xas long as short
Variational Omni ICP+0.0014%8h3.0080+0.467%$1.1M$116Kas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.919%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0021+0.271%$163K$492K5xas long as short
Aster ICPUSDT+0.0100%8h3.0005+0.217%$279K$1.7M20xas long as short
Pacifica ICP+0.0100%1h2.9982+0.139%$136K$11K5xas long as short
Binance ICPUSDTshort+0.0100%8h3.0016+0.254%$29.6M$53.6M75x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0010+0.234%$17.5M$19.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0020+0.267%$5.8M$17.1M50xas long as short
Gate ICP_USDT+0.0100%8h3.0000+0.200%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9990+0.167%$19.3M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9970+0.100%$4.9M$13.4M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0020+0.267%$7.1M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h2.9990+0.167%$6.0Mas long as short
edgeX ICPUSDC+0.0100%4h3.0074+0.448%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0113+0.577%$584K$491K10xas long as short
SunX ICP-USDT+0.0100%8h2.9970+0.100%$1K$1.8M20xas long as short
HTX ICP-USDTlong+0.0100%8h2.9940long leg$105K$239K20x
Extended ICP-USD+0.0104%1h2.9972+0.106%$22K$125K10xas long as short
Hyperliquid ICP+0.0138%1h3.0019+0.263%$4.7M$5.0M5xas long as short
Coinbase International ICP-PERP-INTX+0.0256%1h3.0140+0.668%$65K$71K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0508% / S −0.0480%1h2.9977+0.122%$37K100xas long as short
Kraken Futures PF_ICPUSD+0.0895%1h3.0011+0.237%$544K$609K50xas long as short