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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0055%/8h= +6.1% APRpaid last 24h +0.102%
Price spread now: Hyperliquid against HTX+0.273%7-day average +0.204% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.083%+$8 on $10k
Price spread, last 3 days (all we have)−0.018%−$2 · spread now +0.273%, 7d avg +0.204%
Together, before fees+0.066%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.069% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.204%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ICP-USDT3.00600.0100pay 0.0100% / 8h6h 11m$105K$239K20x
ShortHyperliquid ICP3.01420.0155get 0.0019% / 1h11m 08s$4.7M$5.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$11.64
Price spread: +0.273% → +0.204%
$6.86
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$2.5
Costs to cover
0.210%
Break-even
8.5 days
Slippage unknown: HTX: live order book, 55 min ago; Hyperliquid: live order book, 11 min ago. Net counts fees only.

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, 55 min ago44.46 bp50.5 bp −$50doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago0.99 bp5.5 bp −$5doesn't fitdoesn't fitdoesn'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
Phemex ICPUSDT−0.0005%8h3.0080+0.067%$1.8M$799K50xas long as short
dYdX ICP-USD0.0000%1h3.0079+0.065%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h3.0116+0.186%$268$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0082+0.074%$23K150xas long as short
Variational Omni ICP+0.0014%8h3.0080+0.066%$1.1M$116Kas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.314%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0138+0.259%$164K$492K5xas long as short
Aster ICPUSDT+0.0100%8h3.0104+0.145%$280K$1.7M20xas long as short
Pacifica ICP+0.0100%1h3.0070+0.033%$136K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0097+0.125%$29.7M$53.7M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0100+0.133%$17.7M$19.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0080+0.067%$5.8M$17.1M50xas long as short
Gate ICP_USDT+0.0100%8h3.0100+0.133%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0100+0.133%$19.6M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0090+0.100%$4.9M$13.4M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0110+0.166%$7.1M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h3.0100+0.133%$6.0Mas long as short
edgeX ICPUSDC+0.0100%4h3.0045−0.051%$23K$281K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0077+0.055%$583K$491K10xas long as short
SunX ICP-USDT+0.0100%8h3.0110+0.166%$2K$1.8M20xas long as short
HTX ICP-USDTlong+0.0100%8h3.0060long leg$105K$239K20x
Extended ICP-USD+0.0104%1h3.0097+0.122%$22K$125K10xas long as short
Hyperliquid ICPshort+0.0155%1h3.0142+0.273%$4.7M$5.0M5x
Coinbase International ICP-PERP-INTX+0.0256%1h3.0140+0.266%$65K$71K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0509% / S −0.0480%1h3.0086+0.087%$37K100xas long as short
Kraken Futures PF_ICPUSD+0.0891%1h3.0148+0.293%$546K$609K50xas long as short