Funding arb · Price arb /

ICP

all ICP markets

Swap Backtest

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: Bitget against HTX0.000%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1291.294% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now 0.000%, 7d avg +0.078%

Together, before fees+0.018%+$2 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: Bitget is 0.078% cheaper against HTX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ICP-USDT	2.9970	0.0100	pay 0.0100% / 8h	5h 18m	$105K	$181K	20x
Short	Bitget ICPUSDT	2.9970	0.0100	get 0.0100% / 8h	5h 18m	$7.0M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee HTXbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.078%: −$7.75
Slippage, 4 orders: −$105.36
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$137.12
Costs to cover: 1.294%
Break-even: never at this rate

Slippage from HTX: live order book, 43 min ago; Bitget: live order book, 4 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 HTX live order book, 43 min ago	25.03 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.67 bp	14.8 bp −$15	29.7 bp −$297	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
dYdX ICP-USD	0.0000%	1h	2.9972	+0.007%	$70K	$4K	5x	as long as short
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	2.9956	−0.047%	$267	$464	50x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0011%	1h	2.9962	−0.025%	$23K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−1.018%	$202	$200K	12x	as long as short
Variational Omni ICP	+0.0080%	8h	2.9979	+0.032%	$1.1M	$116K	—	as long as short
Lighter ICP	+0.0096%	1h	2.9988	+0.060%	$161K	$485K	5x	as long as short
Hyperliquid ICP	+0.0100%	1h	2.9997	+0.090%	$4.6M	$5.0M	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9989	+0.062%	$275K	$1.7M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9964	−0.021%	$136K	$10K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9955	−0.049%	$29.5M	$53.3M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ICPUSDT	+0.0100%	8h	2.9960	−0.033%	$17.4M	$18.9M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9960	−0.033%	$5.8M	$16.9M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9960	−0.033%	$1.9M	$3.1M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9960	−0.033%	$19.9M	$10.3M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9950	−0.067%	$4.9M	$13.1M	50x	as long as short
Bitget ICPUSDTshort	+0.0100%	8h	2.9970	0.000%	$7.0M	$4.9M	50x
BingX ICP-USDT	+0.0100%	8h	2.9970	0.000%	—	$5.8M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9986	+0.053%	$23K	$280K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9959	−0.038%	$569K	$483K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9930	−0.133%	$1K	$1.7M	20x	as long as short
HTX ICP-USDTlong	+0.0100%	8h	2.9970	long leg	$105K	$181K	20x
Phemex ICPUSDT	+0.0100%	8h	2.9890	−0.267%	$1.8M	$793K	50x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9948	−0.072%	$23K	$122K	10x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9960	−0.033%	$1.3M	$2.2M	75x	as long as short
Kraken Futures PF_ICPUSD	+0.0292%	1h	2.9989	+0.064%	$528K	$641K	50x	as long as short
Coinbase International ICP-PERP-INTX	+0.0320%	1h	3.0030	+0.200%	$68K	$70K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0507% / S −0.0480%	1h	2.9964	−0.021%	$37K	—	100x	as long as short