ArbiLayer

ICP arbitrage

live

Live Internet Computer price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.00%Variational → Hyperliquid · Perp–Perp
Best perp–perp spread+0.16%Variational → Hyperliquid
Markets tracked1811 venues · 11 perp · 7 spot · 0 DEX
Price range0.25%$3.22 – $3.23

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$3.22Hyperliquid logoHyperliquid$3.23 +0.16%-0.00% +0.18%— +0.097%— LS Chart →
Gate logoGate$3.22Hyperliquid logoHyperliquid$3.23 +0.10%-0.06% +0.10%— +0.029%— LS Chart →
Variational logoVariational$3.22Bitget logoBitget$3.22 +0.09%-0.07% +0.13%— +0.097%— LS Chart →
Variational logoVariational$3.22KuCoin logoKuCoin$3.22 +0.09%-0.07% +0.13%— +0.097%— LS Chart →
Variational logoVariational$3.22Aster logoAster$3.22 +0.09%-0.07% +0.13%— +0.097%— LS Chart →
Binance logoBinance$3.22Hyperliquid logoHyperliquid$3.23 +0.07%-0.09% +0.06%— +0.010%— LS Chart →
Bybit logoBybit$3.22Hyperliquid logoHyperliquid$3.23 +0.07%-0.09% +0.06%— +0.016%— LS Chart →
MEXC logoMEXC$3.22Hyperliquid logoHyperliquid$3.23 +0.07%-0.09% +0.06%— +0.010%— LS Chart →
OKX logoOKX$3.22Hyperliquid logoHyperliquid$3.23 +0.07%-0.09% +0.06%— 0.000%— LS Chart →
Variational logoVariational$3.22Binance logoBinance$3.22 +0.06%-0.10% +0.09%— +0.087%— LS Chart →
Variational logoVariational$3.22Bybit logoBybit$3.22 +0.06%-0.10% +0.09%— +0.081%— LS Chart →
Variational logoVariational$3.22MEXC logoMEXC$3.22 +0.06%-0.10% +0.09%— +0.087%— LS Chart →
Variational logoVariational$3.22OKX logoOKX$3.22 +0.06%-0.10% +0.09%— +0.097%— LS Chart →
Variational logoVariational$3.22HTX logoHTX$3.22 +0.06%-0.10% +0.09%— +0.097%— LS Chart →
Bitget logoBitget$3.22Hyperliquid logoHyperliquid$3.23 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

ICP price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · ICP_USDTPerpetual $3.22$3.22$3.22-0.09% +0.001%$696.69M
Bybit logoBybitPerpetual · ICPUSDTPerpetual $3.22$3.22$3.22-0.05% +0.014%$15.66M
MEXC logoMEXCPerpetual · ICP_USDTPerpetual $3.22$3.22$3.22-0.05% +0.019%$13.80M
OKX logoOKXPerpetual · ICP-USDT-SWAPPerpetual $3.22$3.22$3.22-0.05% +0.030%$12.11M
KuCoin logoKuCoinPerpetual · ICPUSDTMPerpetual $3.22$3.23$3.22-0.01% +0.030%$7.39M
Bitget logoBitgetPerpetual · ICPUSDTPerpetual $3.22$3.22$3.22-0.02% +0.030%$3.51M
Hyperliquid logoHyperliquidPerpetual · ICPPerpetual $3.23$3.23$3.23+0.07% +0.030%$3.43M
OKX logoOKXSpot · ICP-USDTSpot $3.23$3.23$3.23+0.04% —$2.47M
Gate logoGateSpot · ICP_USDTSpot $3.22$3.23$3.23+0.02% —$2.10M
Bybit logoBybitSpot · ICPUSDTSpot $3.23$3.23$3.23+0.05% —$1.88M
KuCoin logoKuCoinSpot · ICP-USDTSpot $3.23$3.23$3.23+0.04% —$1.65M
Bitget logoBitgetSpot · ICPUSDTSpot $3.22$3.23$3.22+0.01% —$401.9K
Variational logoVariationalPerpetual · ICPPerpetual $3.22$3.22$3.22-0.18% -0.067%$209.5K
HTX logoHTXPerpetual · ICP-USDTPerpetual $3.22$3.23$3.22+0.01% +0.030%$161.6K
Binance logoBinancePerpetual · ICPUSDTPerpetual $3.22$3.22$3.22-0.05% +0.020%—
Aster logoAsterPerpetual · ICPUSDTPerpetual $3.22$3.23$3.22-0.01% +0.030%—
Binance logoBinanceSpot · ICPUSDTSpot $3.22$3.23$3.22+0.01% ——
MEXC logoMEXCSpot · ICPUSDTSpot $3.22$3.23$3.22+0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

ICP arbitrage explained

Right now Internet Computer (ICP) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $3.22 and the highest bid on Hyperliquid perp at $3.23.

The widest ICP perpetual spread is between Variational and Hyperliquid: long ICP on Variational at $3.22 and short on Hyperliquid at $3.23 for +0.16% gross, or -0.00% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.097% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best ICP route is to buy spot on Binance and short the perpetual on Hyperliquid: +0.00% gross, -0.20% net, with +0.030% a day of funding on the short leg.

Spot–spot ICP arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) shows 0.00% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small ICP gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: ICP funding rates · ICP spread charts · Internet Computer price · arbitrage scanner for all coins.

Is there a ICP arbitrage opportunity right now?

The best ICP route right now is to buy on Variational → sell on Hyperliquid (Perp–Perp): +0.16% gross and -0.00% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ICP?

Variational (perp) has the lowest ICP ask at $3.22, and Hyperliquid (perp) the highest bid at $3.23. Prices update every 15 seconds on this page.

How many exchanges list ICP?

ArbiLayer tracks 18 ICP markets on 11 venues: 11 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage ICP without transferring coins?

Use two perpetual contracts: go long ICP on the cheaper exchange (Variational now) and short it on the more expensive one (Hyperliquid), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

BLAST +18.77%CRO +18.44%BDX +7.33%UPC +7.25%ESPORTS +6.71%ONE +6.61%OPENAI +5.06%SPCX +3.72%AI +3.64%CATE +3.62%ANTHROPIC +3.50%H100 +3.47%EGLD +3.17%ZIL +3.12%OURA +2.90%APPSTOCK +2.23%BONER +2.19%ARK +1.90%