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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against Bitget−0.328%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$1591.592% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.328%, 7d avg −0.078%
Together, before fees+0.226%+$23 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 0.250% cheaper against Bitget than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ICPUSDT3.05200.0100pay 0.0100% / 8h7h 26m$7.2M$4.8M50x
ShortHTX ICP-USDT3.04200.0100get 0.0100% / 8h7h 26m$106K$239K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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: −0.328% → −0.078%
−$24.98
Slippage, 4 orders
−$135.24
Fee Bitget: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$184.22
Costs to cover
1.592%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; HTX: live order book, 45 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 Bitget live order book, 2 min ago3.28 bp14.3 bp −$1429.8 bp −$298doesn't fitdoesn't fit
Sell HTX live order book, 45 min ago19.88 bp101.5 bp −$101doesn'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
Deribit ICP_USDC-PERPETUAL−0.0176%1h3.0518−0.007%$272$46450xas long as short
Kraken Futures PF_ICPUSD−0.0121%1h3.0568+0.158%$558K$598K50xas long as short
Variational Omni ICP−0.0061%8h3.0500−0.066%$1.1M$110Kas long as short
dYdX ICP-USD0.0000%1h3.0465−0.179%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0524+0.012%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.801%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0555+0.115%$174K$480K5xas long as short
Aster ICPUSDT+0.0100%8h3.0521+0.003%$337K$1.6M20xas long as short
Pacifica ICP+0.0100%1h3.0482−0.125%$138K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0519−0.002%$30.5M$52.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0490−0.098%$18.1M$18.6M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0490−0.098%$6.2M$16.9M50xas long as short
Gate ICP_USDT+0.0100%8h3.0510−0.033%$2.0M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0510−0.033%$19.6M$9.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0510−0.033%$5.1M$13.4M50xas long as short
Bitget ICPUSDTlong+0.0100%8h3.0520long leg$7.2M$4.8M50x
BingX ICP-USDT+0.0100%8h3.0500−0.066%$5.2Mas long as short
edgeX ICPUSDC+0.0100%4h3.0455−0.214%$24K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0503−0.056%$579K$475K10xas long as short
SunX ICP-USDT+0.0100%8h3.0510−0.033%$1K$1.8M20xas long as short
HTX ICP-USDTshort+0.0100%8h3.0420−0.328%$106K$239K20x
Phemex ICPUSDT+0.0100%8h3.0560+0.131%$1.8M$777K50xas long as short
Extended ICP-USD+0.0104%1h3.0502−0.058%$23K$143K10xas long as short
Hyperliquid ICP+0.0172%1h3.0549+0.095%$4.8M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0430−0.295%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0480−0.131%$63K$65K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0511% / S −0.0480%1h3.0528+0.027%$38K100xas long as short