data as of
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Price arb /

ICP

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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−$58
spread now−0.232%7d average−0.104%fees + slippage, in and out−$45spread needed0.451%
Long on HyperliquidShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ICP2.93580.0279pay 0.0035% / 1h53m 09s$4.6M$3.4M5x
ShortBingX ICP-USDT2.92900.0100get 0.0100% / 8h1h 53m—$3.6M—

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
−$23.16
Funding while held
−$5.37
Slippage, 4 orders
−$26.1
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$73.63
Spread needed to break even
0.451%
Slippage from Hyperliquid: live order book, 10 min ago; BingX: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0179%
Per $10,000 a day
−$5.37
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 Hyperliquid live order book, 10 min ago1.51 bp11.0 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago5.08 bp12.3 bp −$1215.6 bp −$15654.1 bp −$5,414467.3 bp −$233.6K

ICP price on every exchange

against the cheapest. Click to use as the short leg.
Extended2.9209cheapestKuCoin2.9220+0.037%Deribit2.9226+0.057%Aster2.9240+0.105%GMX2.9247+0.130%HTX2.9250+0.139%BloFin2.9250+0.139%gTrade (Gains Network)2.9251+0.142%SunX2.9260+0.174%Binance2.9270+0.208%Bybit2.9270+0.208%Kraken Futures2.9274+0.223%Lighter2.9275+0.225%MEXC2.9280+0.242%OKX2.9290+0.276%Gate2.9290+0.276%
BingX2.9290+0.276%
Phemex2.9300+0.311%Pacifica2.9301+0.315%dYdX2.9312+0.353%Bitget2.9330+0.413%
Hyperliquid2.9358+0.509%
edgeX2.9454+0.838%Variational Omni2.9562+1.206%Coinbase International2.9600+1.338%Injective2.9638+1.468%

ICP on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended ICP-USD−0.507%+0.0080%1h$26K$133K10xas long as short
KuCoin ICPUSDTM−0.470%+0.0100%8h$4.8M$10.5M50xas long as short
Deribit ICP_USDC-PERPETUAL−0.450%−0.0536%1h$162$29850xas long as short
Aster ICPUSDT−0.402%+0.0100%8h$184K$1.8M20xas long as short
GMX ICP/USD [WBTC.b-USDC]−0.377%L +0.0426% / S −0.0357%1h$30K—100xas long as short
HTX ICP-USDT−0.368%+0.0100%8h$110K$283K20xas long as short
BloFin ICP-USDT−0.368%+0.0201%8h$1.2M$2.2M75xas long as short
gTrade (Gains Network) ICP/USD−0.366%L +0.0006% / S −0.0010%1h$26K—150xas long as short
SunX ICP-USDT−0.334%+0.0100%8h$1K$1.7M20xas long as short
Binance ICPUSDT−0.300%+0.0081%8h$28.2M$46.0M75xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit ICPUSDT−0.300%−0.0198%8h$16.5M$14.5M75xas long as short
Kraken Futures PF_ICPUSD−0.285%−0.0696%1h$482K$542K50xas long as short
Lighter ICP−0.283%+0.0096%1h$146K$307K5xas long as short
MEXC ICP_USDT−0.266%+0.0086%8h$19.3M$6.7M50xas long as short
OKX ICP-USDT-SWAP−0.232%+0.0006%8h$5.7M$15.6M50xas long as short
Gate ICP_USDT−0.232%−0.0005%8h$1.8M$2.3M50xas long as short
BingX ICP-USDTshort−0.232%+0.0100%8h—$3.6M—
Phemex ICPUSDT−0.198%−0.0972%8h$1.7M$690K50xas long as short
Pacifica ICP−0.193%+0.0100%1h$133K$11K5xas long as short
dYdX ICP-USD−0.155%0.0000%1h$69K$3K5xas long as short
Bitget ICPUSDT−0.095%+0.0100%8h$6.8M$3.9M50xas long as short
Hyperliquid ICPlong0.000%+0.0279%1h$4.6M$3.4M5x
edgeX ICPUSDC+0.327%+0.0100%4h$23K$273K10xas long as short
Variational Omni ICP+0.693%−0.0351%8h$1.0M$79K—as long as short
Coinbase International ICP-PERP-INTX+0.824%+0.0128%1h$66K$118K50xas long as short
Injective ICP/USDC PERP+0.954%+0.0033%1h$202$191K12xas long as short