Funding arb · Price arb /

ICP

all ICP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.027%

Price spread now: gTrade (Gains Network) against HTX+0.226%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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. gTrade (Gains Network) is 0.226% dearer against HTX than usual: you sell high and buy low (spread +0.226% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ICP-USDT	2.9710	0.0100	pay 0.0100% / 8h	5h 40m	$104K	$182K	20x
Short	gTrade (Gains Network) ICP/USD	2.9777	L +0.0006% / S −0.0011%	get 0.0001% / 1h	40m 35s	$22K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.226%Rate

Funding earned: −$18.7
Price spread: +0.226% → 0.000%: $22.62
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$18.08
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: HTX: live order book, 21 min ago; gTrade (Gains Network): 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, 21 min ago	25.03 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
dYdX ICP-USD	0.0000%	1h	2.9765	+0.184%	$69K	$4K	5x	as long as short
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	2.9751	+0.138%	$265	$464	50x	as long as short
gTrade (Gains Network) ICP/USDshort	L +0.0006% / S −0.0011%	1h	2.9777	+0.226%	$22K	—	150x
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−0.151%	$202	$200K	12x	as long as short
Variational Omni ICP	+0.0053%	8h	2.9769	+0.199%	$1.1M	$116K	—	as long as short
Lighter ICP	+0.0096%	1h	2.9809	+0.333%	$162K	$483K	5x	as long as short
Hyperliquid ICP	+0.0100%	1h	2.9796	+0.289%	$4.6M	$5.0M	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9810	+0.337%	$275K	$1.7M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9785	+0.252%	$135K	$10K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9790	+0.269%	$29.3M	$53.6M	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	2.9780	+0.236%	$17.3M	$19.0M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9780	+0.236%	$5.8M	$17.0M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9790	+0.269%	$1.9M	$3.1M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9780	+0.236%	$19.3M	$10.2M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9760	+0.168%	$4.9M	$13.2M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9770	+0.202%	$7.0M	$4.9M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9800	+0.303%	—	$6.0M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9754	+0.149%	$23K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9811	+0.339%	$566K	$492K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9780	+0.236%	$1K	$1.8M	20x	as long as short
HTX ICP-USDTlong	+0.0100%	8h	2.9710	long leg	$104K	$182K	20x
Phemex ICPUSDT	+0.0100%	8h	2.9810	+0.337%	$1.8M	$794K	50x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9774	+0.217%	$22K	$123K	10x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9730	+0.067%	$1.3M	$2.2M	75x	as long as short
Kraken Futures PF_ICPUSD	+0.0294%	1h	2.9794	+0.283%	$524K	$640K	50x	as long as short
Coinbase International ICP-PERP-INTX	+0.0320%	1h	2.9880	+0.572%	$67K	$71K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0506% / S −0.0480%	1h	2.9778	+0.228%	$37K	—	100x	as long as short