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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.003%
Price spread now: Extended against Aster−0.131%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$650.654% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.025%−$2 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.131%, 7d avg −0.100%
Together, before fees−0.067%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.031% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.100%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ICPUSDT3.05120.0100pay 0.0100% / 8h7h 19m$337K$1.6M20x
ShortExtended ICP-USD3.04730.0104get 0.0013% / 1h19m 33s$23K$132K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.131% → −0.100%
−$3.08
Slippage, 4 orders
−$52.41
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$67.64
Costs to cover
0.654%
Break-even
570.7 days
Slippage from Aster: live order book, 4 min ago; Extended: live order book, 51 min ago.

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, 4 min ago3.27 bp17.9 bp −$18222.4 bp −$2,224doesn't fitdoesn't fit
Sell Extended live order book, 51 min ago3.98 bp12.8 bp −$1378.5 bp −$785doesn't fitdoesn't fit

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
Kraken Futures PF_ICPUSD−0.0121%1h3.0551+0.128%$557K$598K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0078%1h3.0491−0.070%$272$46450xas long as short
Variational Omni ICP−0.0057%8h3.0460−0.172%$1.1M$110Kas long as short
dYdX ICP-USD0.0000%1h3.0474−0.126%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0503−0.029%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.777%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0524+0.038%$174K$480K5xas long as short
Aster ICPUSDTlong+0.0100%8h3.0512long leg$337K$1.6M20x
Pacifica ICP+0.0100%1h3.0500−0.040%$138K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0470−0.139%$30.5M$52.5M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0490−0.074%$18.1M$18.6M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0510−0.008%$6.2M$16.8M50xas long as short
Gate ICP_USDT+0.0100%8h3.0460−0.172%$2.0M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0460−0.172%$19.8M$9.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0470−0.139%$5.1M$13.4M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0470−0.139%$7.2M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h3.0440−0.237%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h3.0473−0.129%$24K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0474−0.126%$578K$467K10xas long as short
SunX ICP-USDT+0.0100%8h3.0470−0.139%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0480−0.106%$107K$239K20xas long as short
Phemex ICPUSDT+0.0100%8h3.0560+0.156%$1.8M$777K50xas long as short
Extended ICP-USDshort+0.0104%1h3.0473−0.131%$23K$132K10x
Hyperliquid ICP+0.0160%1h3.0522+0.031%$4.7M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0500−0.041%$1.3M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0520+0.025%$63K$66K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0511% / S −0.0480%1h3.0495−0.056%$38K100xas long as short