Funding arb · Price arb /

ICP

all ICP markets

Swap Backtest

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 −0.012%

Price spread now: OKX against HTX−0.034%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1041.041% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.034%, 7d avg +0.027%

Together, before fees+0.042%+$4 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: OKX is 0.061% cheaper against HTX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ICP-USDT	2.9460	0.0100	pay 0.0100% / 8h	1h 48m	$103K	$117K	20x
Short	OKX ICP-USDT-SWAP	2.9450	0.0100	get 0.0100% / 8h	1h 48m	$5.7M	$15.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee HTXbpFee OKXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → +0.027%: −$6.09
Slippage, 4 orders: −$82.14
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$110.22
Costs to cover: 1.041%
Break-even: never at this rate

Slippage from HTX: live order book, 58 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 58 min ago	15.42 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.70 bp	9.5 bp −$10	32.6 bp −$326	doesn't fit	doesn't fit

ICP on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ICPUSD	−0.0314%	1h	2.9481	+0.071%	$522K	$663K	50x	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0123%	1h	2.9454	−0.020%	$192	$439	50x	as long as short
Phemex ICPUSDT	−0.0113%	8h	2.9450	−0.034%	$1.8M	$677K	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9500	+0.136%	$69K	$3K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0002%	1h	2.9477	+0.056%	$10K	—	150x	as long as short
Variational Omni ICP	+0.0032%	8h	2.9415	−0.152%	$1.0M	$132K	—	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	+0.696%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	2.9494	+0.115%	$139K	$495K	5x	as long as short
Hyperliquid ICP	+0.0100%	1h	2.9496	+0.122%	$4.5M	$4.8M	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9480	+0.068%	$262K	$1.1M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ICP	+0.0100%	1h	2.9495	+0.120%	$133K	$9K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9465	+0.017%	$28.8M	$48.9M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9440	−0.068%	$17.2M	$18.0M	75x	as long as short
OKX ICP-USDT-SWAPshort	+0.0100%	8h	2.9450	−0.034%	$5.7M	$15.0M	50x
Gate ICP_USDT	+0.0100%	8h	2.9470	+0.034%	$1.9M	$2.8M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9460	0.000%	$18.8M	$9.9M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9470	+0.034%	$4.8M	$12.1M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9480	+0.068%	$7.0M	$4.6M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9460	0.000%	—	$5.8M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9400	−0.205%	$23K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9428	−0.108%	$566K	$524K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9460	0.000%	$2K	$1.5M	20x	as long as short
HTX ICP-USDTlong	+0.0100%	8h	2.9460	long leg	$103K	$117K	20x
Extended ICP-USD	+0.0104%	1h	2.9477	+0.058%	$23K	$127K	10x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9420	−0.136%	$1.2M	$2.4M	75x	as long as short
Coinbase International ICP-PERP-INTX	+0.0320%	1h	2.9650	+0.645%	$58K	$70K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0411% / S −0.0331%	1h	2.9468	+0.027%	$29K	—	100x	as long as short