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: BingX against HTX−0.169%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1011.011% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 4 days (all we have)+0.248%+$25 · spread now −0.169%, 7d avg +0.048%
Together, before fees+0.253%+$25 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: BingX is 0.217% cheaper against HTX than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ICP-USDT2.95900.0100pay 0.0100% / 8h1h 57m$103K$118K20x
ShortBingX ICP-USDT2.95400.0100get 0.0100% / 8h1h 57m$5.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: −0.169% → +0.048%
−$21.65
Slippage, 4 orders
−$79.05
Fee HTX: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$122.7
Costs to cover
1.011%
Break-even
never at this rate
Slippage from HTX: live order book, 49 min ago; BingX: live order book, 7 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 HTX live order book, 49 min ago15.42 bp21.4 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago3.39 bp8.5 bp −$914.1 bp −$14144.5 bp −$4,451449.7 bp −$224.9K

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
Kraken Futures PF_ICPUSD−0.0313%1h2.9621+0.106%$525K$664K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0223%1h2.9600+0.034%$193$43950xas long as short
Phemex ICPUSDT−0.0112%8h2.9490−0.338%$1.8M$676K50xas long as short
dYdX ICP-USD0.0000%1h2.9579−0.036%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9631+0.138%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.253%$202$200K12xas long as short
Variational Omni ICP+0.0058%8h2.9540−0.171%$1.1M$133Kas long as short
Lighter ICP+0.0096%1h2.9595+0.017%$139K$495K5xas long as short
Aster ICPUSDT+0.0100%8h2.9560−0.100%$264K$1.2M20xas long as short
Pacifica ICP+0.0100%1h2.9610+0.069%$134K$9K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9523−0.226%$28.9M$48.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9510−0.270%$17.2M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9520−0.237%$5.7M$15.0M50xas long as short
Gate ICP_USDT+0.0100%8h2.9540−0.169%$1.9M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9580−0.034%$18.7M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9600+0.034%$4.9M$12.2M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9550−0.135%$7.0M$4.7M50xas long as short
BingX ICP-USDTshort+0.0100%8h2.9540−0.169%$5.8M
edgeX ICPUSDC+0.0100%4h2.9529−0.205%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9557−0.112%$563K$513K10xas long as short
SunX ICP-USDT+0.0100%8h2.9610+0.068%$2K$1.5M20xas long as short
HTX ICP-USDTlong+0.0100%8h2.9590long leg$103K$118K20x
Extended ICP-USD+0.0104%1h2.9542−0.162%$23K$131K10xas long as short
Hyperliquid ICP+0.0110%1h2.9640+0.169%$4.6M$4.8M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9580−0.034%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9650+0.203%$58K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0434% / S −0.0367%1h2.9625+0.120%$31K100xas long as short