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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.036%
Price spread now: HTX against Coinbase International−0.840%7-day average · you buy dearer than you sell
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−0.342%−$34 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and HTX is 0.840% cheaper against Coinbase International than usual: you would sell low and buy high (−$84 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ICP-PERP-INTX2.97500.0376pay 0.0047% / 1h5m 10s$58K$69K50x
ShortHTX ICP-USDT2.95000.0100get 0.0100% / 8h5m 10s$103K$115K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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
−$57.96
Price spread: −0.840% → 0.000%
−$84.03
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$163.99
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; HTX: live order book, 31 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 Coinbase International no order-book sample
Sell HTX live order book, 31 min ago11.88 bp53.3 bp −$53doesn't fitdoesn't fitdoesn't fit
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0246%8h2.9480−0.908%$1.8M$686K50xas long as short
Kraken Futures PF_ICPUSD−0.0211%1h2.9571−0.602%$523K$659K50xas long as short
Variational Omni ICP−0.0149%8h2.9491−0.871%$1.0M$135Kas long as short
dYdX ICP-USD0.0000%1h2.9543−0.697%$69K$3K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9538−0.713%$192$43950xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9533−0.728%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.286%$202$200K12xas long as short
Bybit ICPUSDT+0.0059%8h2.9510−0.807%$17.1M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9547−0.682%$138K$489K5xas long as short
Hyperliquid ICP+0.0100%1h2.9568−0.612%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9550−0.672%$273K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9524−0.758%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9540−0.705%$28.8M$47.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9520−0.773%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9520−0.773%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9530−0.739%$19.2M$10.0M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9530−0.739%$4.9M$11.5M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9540−0.706%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9540−0.706%$5.6Mas long as short
edgeX ICPUSDC+0.0100%4h2.9522−0.766%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9525−0.757%$560K$576K10xas long as short
SunX ICP-USDT+0.0100%8h2.9510−0.807%$1K$1.5M20xas long as short
HTX ICP-USDTshort+0.0100%8h2.9500−0.840%$103K$115K20x
Extended ICP-USD+0.0104%1h2.9532−0.733%$26K$235K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9550−0.672%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTXlong+0.0376%1h2.9750long leg$58K$69K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9540−0.706%$33K100xas long as short