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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0247%/8h= −27.1% APRnext payment $2.47 per $10,000 · paid last 24h −0.075%
Price spread now: Variational Omni against Binance+0.123%7-day average −0.071% · you sell dearer than you buy
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 4 days (all we have)−0.172%−$17 on $10k
Price spread, last 4 days (all we have)+0.827%+$83 · spread now +0.123%, 7d avg −0.071%
Together, before fees+0.654%+ Points / potential airdropVariational Omni: Active · farm board+$65 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.194% dearer against Binance than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of −0.071%): +$19 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.6 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ICPUSDT2.93630.0100pay 0.0100% / 8h23m 57s$28.7M$47.9M75x
ShortVariational Omni ICP2.9400−0.0147pay 0.0147% / 8h23m 57s$1.0M$135K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$51.93
Price spread: +0.123% → −0.071%
$19.43
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$42.51
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Binance: live order book, 3 min ago; Variational Omni: RFQ quote, just now. 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 Binance live order book, 3 min ago1.70 bp9.9 bp −$1019.6 bp −$196270.9 bp −$27.1Kdoesn't fit
Sell Variational Omni RFQ quote, just now4.41 bpdoesn't fit16.4 bp −$164doesn'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−0.0498%1h2.9392+0.098%$191$43950xas long as short
Phemex ICPUSDT−0.0264%8h2.9390+0.091%$1.7M$685K50xas long as short
Kraken Futures PF_ICPUSD−0.0212%1h2.9435+0.243%$520K$661K50xas long as short
Variational Omni ICPshort−0.0147%8h2.9400+0.123%$1.0M$135K
dYdX ICP-USD0.0000%1h2.9454+0.309%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9420+0.193%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.027%$202$200K12xas long as short
Bybit ICPUSDT+0.0056%8h2.9360−0.011%$17.0M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9390+0.091%$137K$489K5xas long as short
Hyperliquid ICP+0.0100%1h2.9416+0.179%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9401+0.127%$270K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9439+0.258%$133K$9K5xas long as short
Binance ICPUSDTlong+0.0100%8h2.9363long leg$28.7M$47.9M75x
OKX ICP-USDT-SWAP+0.0100%8h2.9370+0.023%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9380+0.057%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9370+0.023%$19.1M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9390+0.091%$4.9M$11.6M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9390+0.091%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9370+0.023%$5.6Mas long as short
edgeX ICPUSDC+0.0100%4h2.9492+0.439%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9486+0.419%$568K$568K10xas long as short
SunX ICP-USDT+0.0100%8h2.9400+0.125%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9420+0.193%$103K$113K20xas long as short
Extended ICP-USD+0.0104%1h2.9365+0.005%$22K$233K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9430+0.227%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0376%1h2.9750+1.317%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9413+0.171%$32K100xas long as short