Funding arb · Price arb /

ICP

all ICP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: MEXC against HTX+0.100%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$960.961% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 3 days (all we have)+0.063%+$6 · spread now +0.100%, 7d avg +0.052%

Together, before fees+0.014%+$1 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: MEXC is 0.048% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ICP-USDT	2.9930	0.0100	pay 0.0100% / 8h	1h 38m	$107K	$219K	20x
Short	MEXC ICP_USDT	2.9960	0.0100	get 0.0100% / 8h	1h 38m	$18.9M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.052%: $4.78
Slippage, 4 orders: −$84.11
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$91.33
Costs to cover: 0.961%
Break-even: never at this rate

Slippage from HTX: live order book, 43 min ago; MEXC: live order book, 1 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	20.12 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.67 bp	3.9 bp −$4	10.0 bp −$100	61.6 bp −$6,156	125.7 bp −$62.8K

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
Phemex ICPUSDT	−0.1286%	8h	2.9790	−0.468%	$1.7M	$776K	50x	as long as short
Variational Omni ICP	−0.0193%	8h	2.9912	−0.062%	$1.1M	$121K	—	as long as short
Injective ICP/USDC PERP	−0.0152%	1h	2.9665	−0.885%	$202	$200K	12x	as long as short
Gate ICP_USDT	−0.0099%	8h	2.9940	+0.033%	$1.9M	$2.8M	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9966	+0.120%	$70K	$4K	5x	as long as short
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	2.9975	+0.150%	$267	$464	50x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	2.9975	+0.149%	$27K	—	150x	as long as short
Bybit ICPUSDT	+0.0082%	8h	2.9960	+0.100%	$17.4M	$17.8M	75x	as long as short
Lighter ICP	+0.0096%	1h	2.9998	+0.227%	$166K	$442K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9994	+0.215%	$186K	$1.4M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ICP	+0.0100%	1h	2.9965	+0.117%	$136K	$11K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9972	+0.139%	$29.8M	$49.7M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9960	+0.100%	$5.9M	$15.9M	50x	as long as short
MEXC ICP_USDTshort	+0.0100%	8h	2.9960	+0.100%	$18.9M	$8.6M	50x
KuCoin ICPUSDTM	+0.0100%	8h	2.9970	+0.134%	$5.1M	$13.0M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9970	+0.134%	$6.9M	$4.4M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9950	+0.067%	—	$4.9M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9938	+0.026%	$23K	$277K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9928	−0.005%	$572K	$469K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9970	+0.134%	$1K	$1.7M	20x	as long as short
HTX ICP-USDTlong	+0.0100%	8h	2.9930	long leg	$107K	$219K	20x
Extended ICP-USD	+0.0104%	1h	2.9973	+0.145%	$25K	$124K	10x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9910	−0.067%	$1.2M	$2.3M	75x	as long as short
Kraken Futures PF_ICPUSD	+0.0223%	1h	2.9990	+0.201%	$491K	$522K	50x	as long as short
Coinbase International ICP-PERP-INTX	+0.0240%	1h	2.9970	+0.134%	$63K	$91K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0504% / S −0.0480%	1h	2.9968	+0.128%	$37K	—	100x	as long as short
Hyperliquid ICP	+0.0675%	1h	3.0025	+0.317%	$4.8M	$5.0M	5x	as long as short