Funding arb · Price arb /

ICP

all ICP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against HTX+0.173%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.173% dearer against HTX than usual: you sell high and buy low (spread +0.173% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ICP-USDT	3.0430	0.0100	pay 0.0100% / 8h	7h 40m	$106K	$239K	20x
Short	dYdX ICP-USD	3.0483	0	get 0.0000% / 1h	40m 01s	$71K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.173%Rate

Funding earned: −$21
Price spread: +0.173% → 0.000%: $17.27
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$25.73
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 31 min ago; dYdX: no order-book sample. Net counts fees only.

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, 31 min ago	19.88 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0241%	1h	3.0521	+0.299%	$272	$464	50x	as long as short
Phemex ICPUSDT	−0.0166%	8h	3.0490	+0.197%	$1.8M	$767K	50x	as long as short
Kraken Futures PF_ICPUSD	−0.0121%	1h	3.0571	+0.462%	$558K	$601K	50x	as long as short
Variational Omni ICP	−0.0086%	8h	3.0390	−0.130%	$1.1M	$111K	—	as long as short
dYdX ICP-USDshort	0.0000%	1h	3.0483	+0.173%	$71K	$4K	5x
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	3.0524	+0.310%	$27K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−2.514%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	3.0566	+0.447%	$175K	$479K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	3.0529	+0.327%	$301K	$1.6M	20x	as long as short
Pacifica ICP	+0.0100%	1h	3.0484	+0.177%	$138K	$11K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ICPUSDT	+0.0100%	8h	3.0486	+0.183%	$30.4M	$52.6M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	3.0470	+0.131%	$18.1M	$18.7M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	3.0460	+0.099%	$6.2M	$17.0M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	3.0510	+0.263%	$2.0M	$3.0M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	3.0480	+0.164%	$19.4M	$9.5M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	3.0510	+0.263%	$5.2M	$13.3M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	3.0510	+0.263%	$7.2M	$4.8M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	3.0500	+0.230%	—	$5.2M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	3.0432	+0.006%	$24K	$278K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	3.0459	+0.094%	$589K	$471K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	3.0490	+0.197%	$1K	$1.8M	20x	as long as short
HTX ICP-USDTlong	+0.0100%	8h	3.0430	long leg	$106K	$239K	20x
Extended ICP-USD	+0.0104%	1h	3.0478	+0.157%	$22K	$118K	10x	as long as short
Hyperliquid ICP	+0.0183%	1h	3.0541	+0.365%	$4.8M	$5.0M	5x	as long as short
BloFin ICP-USDT	+0.0220%	8h	3.0410	−0.066%	$1.3M	$2.4M	75x	as long as short
Coinbase International ICP-PERP-INTX	+0.0280%	1h	3.0470	+0.131%	$63K	$87K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0511% / S −0.0480%	1h	3.0534	+0.343%	$38K	—	100x	as long as short