ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.019%

Price spread now: HTX against BloFin−0.272%59s7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1331.330% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.272%, 7d avg −0.053%

Together, before fees+0.035%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.219% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.053%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ICP-USDT	2.9360	0.0220	pay 0.0220% / 8h	2h 48m	$1.2M	$2.4M	75x
Short	HTX ICP-USDT	2.9280	0.0100	get 0.0100% / 8h	2h 48m	$102K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BloFin. 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 BloFinbpFee HTXbpOrdersPrice spread, now −0.272%Rate

Funding earned: −$25.2
Price spread: −0.272% → −0.053%: −$21.93
Slippage, 4 orders: −$108.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$180.11
Costs to cover: 1.330%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; HTX: live order book, 63 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 BloFin live order book, 5 min ago	1.71 bp	10.8 bp −$11	13.0 bp −$130	75.9 bp −$7,590	doesn't fit
Sell HTX live order book, 63 min ago	25.33 bp	73.6 bp −$74	doesn't fit	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	−0.0068%	1h	2.9345	−0.052%	$485K	$630K	50x	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0023%	1h	2.9319	−0.140%	$191	$439	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9320	−0.136%	$68K	$3K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0002%	1h	2.9323	−0.126%	$10K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	+1.039%	$202	$200K	12x	as long as short
Variational Omni ICP	+0.0071%	8h	2.9320	−0.137%	$1.0M	$133K	—	as long as short
Lighter ICP	+0.0096%	1h	2.9317	−0.146%	$141K	$492K	5x	as long as short
Hyperliquid ICP	+0.0100%	1h	2.9335	−0.085%	$4.5M	$4.8M	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9325	−0.118%	$262K	$1.5M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9308	−0.177%	$133K	$10K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ICPUSDT	+0.0100%	8h	2.9307	−0.181%	$28.7M	$48.3M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9270	−0.307%	$17.0M	$17.8M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9290	−0.238%	$5.6M	$14.8M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9300	−0.204%	$1.8M	$2.8M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9310	−0.170%	$18.1M	$9.9M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9300	−0.204%	$4.8M	$12.3M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9320	−0.136%	$6.9M	$4.5M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9310	−0.170%	—	$5.8M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9279	−0.275%	$23K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9350	−0.034%	$558K	$501K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9320	−0.136%	$2K	$1.5M	20x	as long as short
HTX ICP-USDTshort	+0.0100%	8h	2.9280	−0.272%	$102K	$117K	20x
Phemex ICPUSDT	+0.0100%	8h	2.9300	−0.204%	$1.7M	$746K	50x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9313	−0.162%	$23K	$136K	10x	as long as short
BloFin ICP-USDTlong	+0.0220%	8h	2.9360	long leg	$1.2M	$2.4M	75x
Coinbase International ICP-PERP-INTX	+0.0336%	1h	2.9390	+0.102%	$57K	$69K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0432% / S −0.0367%	1h	2.9322	−0.130%	$30K	—	100x	as long as short