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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: HTX against Pacifica+0.107%7-day average −0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1401.404% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 4 days (all we have)−0.294%−$29 · spread now +0.107%, 7d avg −0.098%
Together, before fees−0.320%+ Points / potential airdropPacifica: Active · farm board−$32 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 0.205% dearer against Pacifica than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ICP2.94280.0100pay 0.0013% / 1h47m 32s$133K$10K5x
ShortHTX ICP-USDT2.94600.0100get 0.0100% / 8h4h 47m$103K$176K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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: +0.107% → −0.098%
$20.51
Slippage, 4 orders
−$120.37
Fee Pacifica: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$119.86
Costs to cover
1.404%
Break-even
never at this rate
Slippage from Pacifica: live order book, 10 min ago; HTX: live order book, 9 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 Pacifica live order book, 10 min ago22.12 bp30.0 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 9 min ago15.19 bp52.8 bp −$53doesn'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
dYdX ICP-USD0.0000%1h2.9445+0.055%$69K$3K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9420−0.029%$262$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9453+0.082%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.804%$202$200K12xas long as short
Variational Omni ICP+0.0092%8h2.9460+0.107%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9444+0.053%$157K$485K5xas long as short
Aster ICPUSDT+0.0100%8h2.9443+0.051%$267K$1.7M20xas long as short
Pacifica ICPlong+0.0100%1h2.9428long leg$133K$10K5x
Binance ICPUSDT+0.0100%8h2.9449+0.068%$28.9M$51.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9440+0.039%$17.0M$18.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.9440+0.039%$5.6M$16.5M50xas long as short
Gate ICP_USDT+0.0100%8h2.9450+0.073%$1.8M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9430+0.005%$19.6M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9410−0.063%$4.8M$12.9M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9450+0.073%$6.9M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h2.9440+0.039%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9449+0.068%$23K$281K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9442+0.046%$569K$464K10xas long as short
SunX ICP-USDT+0.0100%8h2.9440+0.039%$2K$1.7M20xas long as short
HTX ICP-USDTshort+0.0100%8h2.9460+0.107%$103K$176K20x
Phemex ICPUSDT+0.0100%8h2.9420−0.029%$1.7M$792K50xas long as short
Extended ICP-USD+0.0104%1h2.9427−0.006%$22K$124K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9460+0.107%$1.3M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9710+0.957%$67K$63K50xas long as short
Hyperliquid ICP+0.0382%1h2.9470+0.141%$4.5M$4.9M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0503% / S −0.0480%1h2.9447+0.064%$37K100xas long as short
Kraken Futures PF_ICPUSD+0.0573%1h2.9454+0.086%$517K$626K50xas long as short