ICP arbitrage between HyperLiquid and Coinbase: we compare the price of ICP on HyperLiquid (futures) and Coinbase (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Internet Computer

Sovereign frontier cloud for AI that builds AI agents are starting to build and operate real software. Agentic organizations are starting to coordinate people, code, data, payments, and governance. Both need a cloud that is sovereign, tamperproof, and always on. The Internet Computer is that cloud. Built on more than USD 500 million in R&D, ICP uses advanced blockchain technology and cryptography to run entire software systems end-to-end on the network: websites, apps, services, data, payments, and governance. Code and data are protected by the protocol, replicated across independent nodes, and cannot be silently changed by a cloud provider, backend operator, or attacker. Cloud engines make this infrastructure sovereign.…

Artificial Intelligence (AI), Infrastructure, Smart Contract Platform, Layer 1 (L1)

ICP: Coinbase — deposit open, withdrawal open.

Open interest in ICP right now — $71.8M: Binance $20.5M, BingX $20.5M, Bybit $12.1M, KuCoin $7.0M, Bitget $4.9M. See OI ICP.

News about ICP

About ICP arbitrage

How do I read the ICP spread?

The spread is how many percent higher ICP trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Coinbase. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get ICP alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.