data as of
Settings8H · net · $10k
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Price arb /

ICP

all ICP markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$41
spread now+0.277%7d average+0.085%fees + slippage, in and out−$60spread needed0.601%
Long on BybitShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ICPUSDT2.9080−0.0388get 0.0388% / 8h6h 12m$16.9M$15.6M75x
ShortKraken Futures PF_ICPUSD2.91610.0157get 0.0020% / 1h12m 01s$477K$537K50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$27.74
Funding while held
$16.34
Slippage, 4 orders
−$39.14
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$16.07
Spread needed to break even
0.601%
Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 27 min ago.

Cost of waiting

funding view
Funding /8h
+0.0545%
Per $10,000 a day
+$16.34
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago3.43 bp11.1 bp −$1125.0 bp −$250doesn't fitdoesn't fit
Sell Kraken Futures live order book, 27 min ago10.28 bp20.0 bp −$2049.1 bp −$491doesn't fitdoesn't fit

ICP price on every exchange

against the cheapest. Click to use as the short leg.
Bybit2.9080cheapest
OKX2.9110+0.103%Gate2.9110+0.103%BingX2.9110+0.103%Binance2.9116+0.124%MEXC2.9120+0.138%Bitget2.9120+0.138%SunX2.9120+0.138%Phemex2.9120+0.138%Pacifica2.9126+0.160%GMX2.9126+0.160%Extended2.9127+0.162%Lighter2.9130+0.172%KuCoin2.9130+0.172%Deribit2.9132+0.179%dYdX2.9137+0.196%gTrade (Gains Network)2.9140+0.205%Aster2.9148+0.233%Hyperliquid2.9153+0.251%HTX2.9160+0.275%
Kraken Futures2.9161+0.277%
BloFin2.9170+0.309%Variational Omni2.9187+0.370%edgeX2.9190+0.377%Coinbase International2.9250+0.585%Injective2.9638+1.919%

ICP on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ICPUSDTlong0.000%−0.0388%8h$16.9M$15.6M75x
OKX ICP-USDT-SWAP+0.103%+0.0067%8h$5.8M$14.2M50xas long as short
Gate ICP_USDT+0.103%−0.0238%8h$1.8M$2.4M50xas long as short
BingX ICP-USDT+0.103%+0.0100%8h—$4.2M—as long as short
Binance ICPUSDT+0.124%+0.0051%8h$28.4M$45.1M75xas long as short
MEXC ICP_USDT+0.138%+0.0049%8h$17.9M$7.1M50xas long as short
Bitget ICPUSDT+0.138%+0.0100%8h$6.7M$3.8M50xas long as short
SunX ICP-USDT+0.138%+0.0100%8h$2K$1.7M20xas long as short
Phemex ICPUSDT+0.138%+0.0100%8h$1.7M$798K50xas long as short
Pacifica ICP+0.160%+0.0100%1h$132K$10K5xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
GMX ICP/USD [WBTC.b-USDC]+0.160%L +0.0371% / S −0.0257%1h$31K—100xas long as short
Extended ICP-USD+0.162%+0.0048%1h$24K$133K10xas long as short
Lighter ICP+0.172%+0.0096%1h$137K$334K5xas long as short
KuCoin ICPUSDTM+0.172%+0.0100%8h$5.2M$11.6M50xas long as short
Deribit ICP_USDC-PERPETUAL+0.179%0.0000%1h$260$36650xas long as short
dYdX ICP-USD+0.196%0.0000%1h$69K$3K5xas long as short
gTrade (Gains Network) ICP/USD+0.205%L +0.0006% / S −0.0010%1h$26K—150xas long as short
Aster ICPUSDT+0.233%+0.0100%8h$169K$1.7M20xas long as short
Hyperliquid ICP+0.251%+0.0291%1h$4.6M$3.4M5xas long as short
HTX ICP-USDT+0.275%+0.0100%8h$110K$167K20xas long as short
Kraken Futures PF_ICPUSDshort+0.277%+0.0157%1h$477K$537K50x
BloFin ICP-USDT+0.309%+0.0170%8h$1.2M$2.4M75xas long as short
Variational Omni ICP+0.370%−0.0388%8h$1.1M$102K—as long as short
edgeX ICPUSDC+0.377%+0.0100%4h$23K$278K10xas long as short
Coinbase International ICP-PERP-INTX+0.585%+0.0120%1h$61K$86K50xas long as short
Injective ICP/USDC PERP+1.919%+0.0033%1h$202$130K12xas long as short