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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: dYdX against Aster−0.030%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.030% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ICPUSDT2.98910.0100pay 0.0100% / 8h5h 15m$275K$1.7M20x
ShortdYdX ICP-USD2.98820get 0.0000% / 1h15m 14s$70K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Aster. 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
−$21
Price spread: −0.030% → 0.000%
−$2.96
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$41.96
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 3 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 3 min ago3.34 bp19.6 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit ICP_USDC-PERPETUAL−0.0118%1h2.9869−0.073%$266$46450xas long as short
dYdX ICP-USDshort0.0000%1h2.9882−0.030%$70K$4K5x
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9872−0.061%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.756%$202$200K12xas long as short
Variational Omni ICP+0.0079%8h2.9894+0.011%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9899+0.027%$160K$485K5xas long as short
Aster ICPUSDTlong+0.0100%8h2.9891long leg$275K$1.7M20x
Pacifica ICP+0.0100%1h2.9871−0.068%$135K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9865−0.086%$29.4M$53.2M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9870−0.070%$17.4M$19.0M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.9870−0.070%$5.8M$16.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9870−0.070%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9870−0.070%$19.8M$10.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9860−0.103%$4.9M$13.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9880−0.036%$7.0M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h2.9880−0.036%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9910+0.065%$23K$281K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9916+0.086%$568K$483K10xas long as short
SunX ICP-USDT+0.0100%8h2.9860−0.103%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9860−0.103%$104K$181K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9820−0.237%$1.8M$794K50xas long as short
Hyperliquid ICP+0.0102%1h2.9916+0.084%$4.6M$5.0M5xas long as short
Extended ICP-USD+0.0104%1h2.9854−0.124%$23K$122K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9890−0.003%$1.3M$2.2M75xas long as short
Kraken Futures PF_ICPUSD+0.0293%1h2.9905+0.047%$526K$641K50xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h3.0030+0.466%$68K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0506% / S −0.0480%1h2.9875−0.053%$37K100xas long as short