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: HTX against SunX−0.132%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$247as in the Funding arb table
Net, price: spread back to 7d avg − costs−$254as in the Price arb table
costs, in and out, $10k−$2442.440% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.132%, 7d avg −0.031%
Together, before fees−0.006%−$1 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 0.101% cheaper against SunX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.031%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ICP-USDT3.02400.0100pay 0.0100% / 8h7h 02m$1K$1.8M20x
ShortHTX ICP-USDT3.02000.0100get 0.0100% / 8h7h 02m$106K$239K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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: −0.132% → −0.031%
−$10.12
Slippage, 4 orders
−$224
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$254.12
Costs to cover
2.440%
Break-even
never at this rate
Slippage from SunX: live order book, 3 min ago; HTX: live order book, 4 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 SunX live order book, 3 min ago47.60 bp69.6 bp −$70doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 4 min ago44.46 bp53.7 bp −$54doesn'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
Deribit ICP_USDC-PERPETUAL−0.0279%1h3.0222−0.060%$269$46450xas long as short
Kraken Futures PF_ICPUSD−0.0122%1h3.0276+0.118%$548K$609K50xas long as short
Variational Omni ICP−0.0046%8h3.0409+0.560%$1.1M$113Kas long as short
dYdX ICP-USD0.0000%1h3.0305+0.214%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0253+0.043%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.901%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0330+0.298%$170K$484K5xas long as short
Aster ICPUSDT+0.0100%8h3.0259+0.062%$334K$1.6M20xas long as short
Pacifica ICP+0.0100%1h3.0307+0.221%$137K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0242+0.007%$30.3M$53.1M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0230−0.033%$18.0M$18.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0220−0.066%$6.1M$16.8M50xas long as short
Gate ICP_USDT+0.0100%8h3.0250+0.033%$2.0M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0250+0.033%$19.4M$9.8M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0230−0.033%$5.1M$13.4M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0250+0.033%$7.1M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h3.02400.000%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h3.0544+1.006%$24K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0463+0.737%$578K$467K10xas long as short
SunX ICP-USDTlong+0.0100%8h3.0240long leg$1K$1.8M20x
HTX ICP-USDTshort+0.0100%8h3.0200−0.132%$106K$239K20x
Phemex ICPUSDT+0.0100%8h3.02400.000%$1.8M$782K50xas long as short
Extended ICP-USD+0.0104%1h3.0233−0.024%$22K$128K10xas long as short
BloFin ICP-USDT+0.0220%8h3.0350+0.364%$1.3M$2.3M75xas long as short
Hyperliquid ICP+0.0232%1h3.0299+0.195%$4.9M$5.1M5xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0290+0.165%$63K$66K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0510% / S −0.0480%1h3.0249+0.030%$38K100xas long as short