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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.009%
Price spread now: HTX against MEXC+0.034%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$850.852% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 3 days (all we have)−0.174%−$17 · spread now +0.034%, 7d avg −0.053%
Together, before fees−0.125%−$13 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 0.087% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ICP_USDT2.93400.0100pay 0.0100% / 8h4h 22m$18.8M$7.6M50x
ShortHTX ICP-USDT2.93500.0100get 0.0100% / 8h4h 22m$105K$220K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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: +0.034% → −0.053%
$8.73
Slippage, 4 orders
−$73.16
Fee MEXC: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$76.43
Costs to cover
0.852%
Break-even
never at this rate
Slippage from MEXC: live order book, 10 min ago; HTX: live order book, 8 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 MEXC live order book, 10 min ago1.71 bp4.4 bp −$410.6 bp −$10671.3 bp −$7,131136.1 bp −$68.0K
Sell HTX live order book, 8 min ago11.97 bp59.9 bp −$60doesn'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
Phemex ICPUSDT−0.0620%8h2.9150−0.648%$1.7M$796K50xas long as short
Kraken Futures PF_ICPUSD−0.0483%1h2.9360+0.068%$484K$535K50xas long as short
Variational Omni ICP−0.0358%8h2.9250−0.307%$1.0M$115Kas long as short
Injective ICP/USDC PERP−0.0291%1h2.9175−0.562%$198$118K12xas long as short
Bybit ICPUSDT−0.0238%8h2.9320−0.068%$16.8M$16.9M75xas long as short
Gate ICP_USDT−0.0211%8h2.9330−0.034%$1.8M$2.7M50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0091%1h2.9353+0.044%$262$46450xas long as short
dYdX ICP-USD0.0000%1h2.9365+0.085%$68K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9369+0.097%$26K150xas long as short
OKX ICP-USDT-SWAP+0.0075%8h2.9330−0.034%$5.7M$15.4M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ICP+0.0096%1h2.9351+0.037%$195K$369K5xas long as short
Aster ICPUSDT+0.0100%8h2.9360+0.068%$194K$1.6M20xas long as short
Pacifica ICP+0.0100%1h2.9365+0.084%$133K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9345+0.018%$28.4M$47.5M75xas long as short
MEXC ICP_USDTlong+0.0100%8h2.9340long leg$18.8M$7.6M50x
KuCoin ICPUSDTM+0.0100%8h2.9360+0.068%$5.3M$12.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.93400.000%$6.8M$4.3M50xas long as short
BingX ICP-USDT+0.0100%8h2.93400.000%$4.6Mas long as short
edgeX ICPUSDC+0.0100%4h2.9324−0.056%$23K$276K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9334−0.020%$560K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9330−0.034%$2K$1.7M20xas long as short
HTX ICP-USDTshort+0.0100%8h2.9350+0.034%$105K$220K20x
Extended ICP-USD+0.0104%1h2.9347+0.025%$24K$133K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9320−0.068%$1.2M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h2.9400+0.204%$62K$85K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0396% / S −0.0308%1h2.9350+0.035%$30K100xas long as short
Hyperliquid ICP+0.0557%1h2.9392+0.177%$4.9M$4.5M5xas long as short