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

ICP

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SwapBacktest
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 +0.019%
Price spread now: HTX against OKX+0.165%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$1071.071% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.120%+$12 on $10k
Price spread, last 3 days (all we have)−0.269%−$27 · spread now +0.165%, 7d avg −0.020%
Together, before fees−0.150%−$15 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: HTX is 0.185% dearer against OKX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ICP-USDT-SWAP3.03900.0100pay 0.0100% / 8h42m 49s$6.2M$16.8M50x
ShortHTX ICP-USDT3.04400.0100get 0.0100% / 8h42m 49s$108K$220K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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
$0
Price spread: +0.165% → −0.020%
$18.47
Slippage, 4 orders
−$85.05
Fee OKX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$88.58
Costs to cover
1.071%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; HTX: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago1.64 bp10.4 bp −$1034.4 bp −$344doesn't fitdoesn't fit
Sell HTX live order book, 34 min ago15.01 bp64.6 bp −$65doesn't fitdoesn't fitdoesn't fit

ICP on 27 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−0.1593%8h3.0380−0.033%$1.8M$766K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0374%1h3.0427+0.122%$271$46450xas long as short
Variational Omni ICP−0.0149%8h3.0421+0.103%$1.1M$107Kas long as short
Gate ICP_USDT−0.0032%8h3.03900.000%$2.0M$2.9M50xas long as short
dYdX ICP-USD0.0000%1h3.0515+0.411%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0455+0.213%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.386%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0452+0.204%$159K$452K5xas long as short
Aster ICPUSDT+0.0100%8h3.0441+0.168%$219K$1.4M20xas long as short
Pacifica ICP+0.0100%1h3.0500+0.363%$138K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.03900.000%$30.1M$51.3M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0380−0.033%$18.0M$18.4M75xas long as short
OKX ICP-USDT-SWAPlong+0.0100%8h3.0390long leg$6.2M$16.8M50x
MEXC ICP_USDT+0.0100%8h3.0400+0.033%$19.3M$9.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.03900.000%$5.2M$13.1M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0400+0.033%$6.9M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h3.0400+0.033%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h3.0460+0.229%$24K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0494+0.343%$584K$435K10xas long as short
SunX ICP-USDT+0.0100%8h3.0410+0.066%$2K$1.8M20xas long as short
HTX ICP-USDTshort+0.0100%8h3.0440+0.165%$108K$220K20x
Extended ICP-USD+0.0104%1h3.0397+0.024%$26K$118K10xas long as short
Kraken Futures PF_ICPUSD+0.0170%1h3.0468+0.255%$541K$579K50xas long as short
BloFin ICP-USDT+0.0220%8h3.0400+0.033%$1.3M$2.3M75xas long as short
Hyperliquid ICP+0.0236%1h3.0452+0.204%$4.8M$5.0M5xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0540+0.494%$64K$90K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0548% / S −0.0540%1h3.0446+0.183%$41K100xas long as short