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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.019%
Price spread now: BloFin against HTX−0.099%59s7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1151.153% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.190%+$19 on $10k
Price spread, last 3 days (all we have)+0.134%+$13 · spread now −0.099%, 7d avg +0.053%
Together, before fees+0.324%+$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.152% cheaper against HTX than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.053%). If the spread goes back, that is −$15 on $10k: about 4.2 days of funding at the current rate (+$4 a day). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ICP-USDT3.03300.0100pay 0.0100% / 8h21m 47s$108K$222K20x
ShortBloFin ICP-USDT3.03000.0220get 0.0220% / 8h21m 47s$1.3M$2.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against HTX. 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
$25.2
Price spread: −0.099% → +0.053%
−$15.18
Slippage, 4 orders
−$91.26
Fee HTX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$105.24
Costs to cover
1.153%
Break-even
36.2 days
Slippage from HTX: live order book, 55 min ago; BloFin: live order book, 1 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 HTX live order book, 55 min ago15.01 bp21.0 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 1 min ago1.65 bp17.1 bp −$1725.8 bp −$25883.8 bp −$8,384doesn'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−0.1406%8h3.0370+0.132%$1.8M$765K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0244%1h3.0364+0.112%$271$46450xas long as short
Variational Omni ICP−0.0122%8h3.0212−0.391%$1.1M$107Kas long as short
Gate ICP_USDT−0.0015%8h3.0340+0.033%$2.0M$2.9M50xas long as short
dYdX ICP-USD0.0000%1h3.0298−0.105%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0370+0.132%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.193%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0381+0.168%$158K$454K5xas long as short
Aster ICPUSDT+0.0100%8h3.0340+0.031%$190K$1.4M20xas long as short
Pacifica ICP+0.0100%1h3.0300−0.099%$137K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0332+0.008%$30.0M$51.7M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0340+0.033%$18.0M$18.4M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0320−0.033%$6.1M$16.9M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0340+0.033%$19.1M$9.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0320−0.033%$5.1M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0350+0.066%$7.1M$4.7M50xas long as short
BingX ICP-USDT+0.0100%8h3.0340+0.033%$5.2Mas long as short
edgeX ICPUSDC+0.0100%4h3.0178−0.501%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0232−0.322%$577K$436K10xas long as short
SunX ICP-USDT+0.0100%8h3.0340+0.033%$1K$1.8M20xas long as short
HTX ICP-USDTlong+0.0100%8h3.0330long leg$108K$222K20x
Extended ICP-USD+0.0104%1h3.0335+0.017%$25K$118K10xas long as short
Kraken Futures PF_ICPUSD+0.0171%1h3.0391+0.201%$539K$578K50xas long as short
BloFin ICP-USDTshort+0.0220%8h3.0300−0.099%$1.3M$2.3M75x
Coinbase International ICP-PERP-INTX+0.0240%1h3.0540+0.692%$64K$89K50xas long as short
Hyperliquid ICP+0.0249%1h3.0378+0.158%$4.8M$5.0M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0509% / S −0.0480%1h3.0376+0.151%$38K100xas long as short