data as of
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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−$59
spread now−0.048%7d average−0.023%fees + slippage, in and out−$57spread needed0.569%
Long on Kraken FuturesShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ICPUSD2.9376−0.0674get 0.0084% / 1h37m 30s$504K$558K50x
ShortLighter ICP2.93620.0096get 0.0012% / 1h37m 30s$144K$319K5x

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
−$4.77
Funding while held
$23.11
Slippage, 4 orders
−$46.91
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$38.57
Spread needed to break even
0.569%
Slippage from Kraken Futures: live order book, 12 min ago; Lighter: live order book, 60 min ago.

Cost of waiting

funding view
Funding /8h
+0.0770%
Per $10,000 a day
+$23.11
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 Kraken Futures live order book, 12 min ago11.77 bp17.7 bp −$1838.6 bp −$386doesn't fitdoesn't fit
Sell Lighter live order book, 60 min ago1.18 bp7.9 bp −$831.8 bp −$318doesn't fitdoesn't fit

ICP price on every exchange

against the cheapest. Click to use as the short leg.
SunX2.9310cheapestDeribit2.9326+0.055%Extended2.9326+0.055%MEXC2.9330+0.068%KuCoin2.9330+0.068%BingX2.9330+0.068%Bybit2.9340+0.102%Gate2.9340+0.102%Bitget2.9340+0.102%Binance2.9350+0.136%OKX2.9350+0.136%GMX2.9362+0.176%
Lighter2.9362+0.177%
Pacifica2.9369+0.200%gTrade (Gains Network)2.9373+0.217%
Kraken Futures2.9376+0.225%
dYdX2.9384+0.251%Aster2.9390+0.273%Hyperliquid2.9404+0.321%HTX2.9410+0.341%Phemex2.9440+0.444%edgeX2.9461+0.514%Coinbase International2.9470+0.546%BloFin2.9470+0.546%Variational Omni2.9472+0.553%Injective2.9638+1.119%

ICP on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX ICP-USDT−0.225%+0.0100%8h$1K$1.8M20xas long as short
Deribit ICP_USDC-PERPETUAL−0.170%−0.1010%1h$162$16750xas long as short
Extended ICP-USD−0.170%−0.0008%1h$26K$133K10xas long as short
MEXC ICP_USDT−0.157%−0.0004%8h$18.2M$7.3M50xas long as short
KuCoin ICPUSDTM−0.157%+0.0100%8h$5.0M$11.1M50xas long as short
BingX ICP-USDT−0.157%+0.0100%8h—$3.6M—as long as short
Bybit ICPUSDT−0.123%−0.0213%8h$16.4M$15.2M75xas long as short
Gate ICP_USDT−0.123%−0.0015%8h$1.8M$2.3M50xas long as short
Bitget ICPUSDT−0.123%+0.0100%8h$6.8M$4.0M50xas long as short
Binance ICPUSDT−0.089%−0.0004%8h$28.3M$47.5M75xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX ICP-USDT-SWAP−0.089%−0.0026%8h$5.7M$15.9M50xas long as short
GMX ICP/USD [WBTC.b-USDC]−0.049%L +0.0356% / S −0.0238%1h$30K—100xas long as short
Lighter ICPshort−0.048%+0.0096%1h$144K$319K5x
Pacifica ICP−0.025%+0.0100%1h$133K$11K5xas long as short
gTrade (Gains Network) ICP/USD−0.009%L +0.0006% / S −0.0010%1h$26K—150xas long as short
Kraken Futures PF_ICPUSDlong0.000%−0.0674%1h$504K$558K50x
dYdX ICP-USD+0.026%0.0000%1h$70K$3K5xas long as short
Aster ICPUSDT+0.048%+0.0100%8h$183K$1.9M20xas long as short
Hyperliquid ICP+0.095%+0.0732%1h$4.8M$3.7M5xas long as short
HTX ICP-USDT+0.116%+0.0100%8h$111K$284K20xas long as short
Phemex ICPUSDT+0.218%−0.0713%8h$1.7M$756K50xas long as short
edgeX ICPUSDC+0.288%+0.0100%4h$23K$274K10xas long as short
Coinbase International ICP-PERP-INTX+0.320%+0.0096%1h$67K$119K50xas long as short
BloFin ICP-USDT+0.320%+0.0002%8h$1.2M$2.4M75xas long as short
Variational Omni ICP+0.327%−0.0380%8h$1.0M$81K—as long as short
Injective ICP/USDC PERP+0.892%+0.0033%1h$202$164K12xas long as short