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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: edgeX against Binance−0.141%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$440.436% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 4 days (all we have)+0.527%+$53 · spread now −0.141%, 7d avg −0.049%
Together, before fees+0.588%+ Points / potential airdropedgeX: Active · farm board+$59 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: edgeX is 0.093% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ICPUSDT2.97000.0100pay 0.0100% / 8h4h 01m$29.2M$50.5M75x
ShortedgeX ICPUSDC2.96580.0100get 0.0050% / 4h1m 02s$23K$281K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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
Price spread: −0.141% → −0.049%
−$9.27
Slippage, 4 orders
−$24.57
Fee Binance: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$52.83
Costs to cover
0.436%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; edgeX: live order book, 57 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 Binance live order book, 11 min ago1.69 bp10.7 bp −$1124.1 bp −$241280.1 bp −$28.0Kdoesn't fit
Sell edgeX live order book, 57 min ago6.77 bp11.5 bp −$1224.1 bp −$241doesn'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
Deribit ICP_USDC-PERPETUAL−0.0288%1h2.9697−0.010%$265$43950xas long as short
Phemex ICPUSDT−0.0042%8h2.9680−0.067%$1.8M$791K50xas long as short
dYdX ICP-USD0.0000%1h2.9719+0.065%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9712+0.040%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.118%$202$200K12xas long as short
Variational Omni ICP+0.0084%8h2.9700−0.001%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9735+0.118%$158K$487K5xas long as short
Hyperliquid ICP+0.0100%1h2.9739+0.131%$4.6M$4.9M5xas long as short
Aster ICPUSDT+0.0100%8h2.9717+0.059%$264K$1.6M20xas long as short
Pacifica ICP+0.0100%1h2.9712+0.039%$135K$10K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDTlong+0.0100%8h2.9700long leg$29.2M$50.5M75x
Bybit ICPUSDT+0.0100%8h2.97000.000%$17.2M$18.2M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9710+0.034%$5.7M$15.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9710+0.034%$1.9M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.97000.000%$19.7M$10.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9720+0.067%$4.9M$12.5M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9720+0.067%$7.0M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9710+0.034%$5.8Mas long as short
edgeX ICPUSDCshort+0.0100%4h2.9658−0.141%$23K$281K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9667−0.111%$570K$458K10xas long as short
SunX ICP-USDT+0.0100%8h2.9680−0.067%$1K$1.6M20xas long as short
HTX ICP-USDT+0.0100%8h2.9640−0.202%$104K$117K20xas long as short
Extended ICP-USD+0.0104%1h2.9687−0.045%$23K$126K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9710+0.034%$1.3M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9750+0.168%$67K$61K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0435% / S −0.0367%1h2.9707+0.025%$31K100xas long as short
Kraken Futures PF_ICPUSD+0.0567%1h2.9740+0.135%$534K$617K50xas long as short