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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0217%/8h= +23.8% APRnext payment +$2.17 per $10,000 · paid last 24h +0.276%
Price spread now: HTX against Phemex0.000%7-day average +0.083% · you sell dearer than you buy
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+2.478%+$248 on $10k
Price spread, last 4 days (all we have)+0.096%+$10 · spread now 0.000%, 7d avg +0.083%
Together, before fees+2.574%+$257 on $10k · with fees, hour by hour
Funding pays, the price is against you. HTX is 0.083% cheaper against Phemex than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.083%). If the spread goes back, that is −$8 on $10k: about 30 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+2.478% in total) that is about 6 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ICPUSDT2.9390−0.0117get 0.0117% / 8h1h 52m$1.7M$676K50x
ShortHTX ICP-USDT2.93900.0100get 0.0100% / 8h1h 52m$103K$117K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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
$45.57
Price spread: 0.000% → +0.083%
−$8.27
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
$13.3
Costs to cover
0.240%
Break-even
5.0 days
Slippage unknown: Phemex: live order book, 1 min ago; HTX: live order book, 54 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 Phemex live order book, 1 min ago1.70 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 54 min ago15.42 bp60.1 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
Kraken Futures PF_ICPUSD−0.0315%1h2.9413+0.077%$521K$664K50xas long as short
Phemex ICPUSDTlong−0.0117%8h2.9390long leg$1.7M$676K50x
Deribit ICP_USDC-PERPETUAL−0.0090%1h2.9396+0.020%$191$43950xas long as short
dYdX ICP-USD0.0000%1h2.9420+0.102%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9403+0.044%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.936%$202$200K12xas long as short
Variational Omni ICP+0.0047%8h2.9450+0.204%$1.0M$132Kas long as short
Lighter ICP+0.0096%1h2.9400+0.034%$139K$495K5xas long as short
Hyperliquid ICP+0.0100%1h2.9426+0.121%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9391+0.005%$261K$1.1M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9420+0.103%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9400+0.034%$28.8M$48.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9360−0.102%$17.1M$18.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9370−0.068%$5.6M$14.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9380−0.034%$1.8M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9380−0.034%$18.5M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.93900.000%$4.8M$12.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9410+0.068%$6.9M$4.7M50xas long as short
BingX ICP-USDT+0.0100%8h2.93900.000%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9447+0.193%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9421+0.106%$566K$524K10xas long as short
SunX ICP-USDT+0.0100%8h2.9380−0.034%$1K$1.5M20xas long as short
HTX ICP-USDTshort+0.0100%8h2.93900.000%$103K$117K20x
Extended ICP-USD+0.0104%1h2.9382−0.028%$23K$127K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9420+0.102%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9650+0.885%$58K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0410% / S −0.0331%1h2.9402+0.042%$29K100xas long as short