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+0.0220%/8h= +24.1% APRpaid last 24h +0.023%
Price spread now: Coinbase International against BingX+0.067%7-day average · 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 7 days+0.324%+$32 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.067% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ICP-USDT2.97700.0100pay 0.0100% / 8h4h 29m$5.8M
ShortCoinbase International ICP-PERP-INTX2.97900.0320get 0.0040% / 1h29m 43s$67K$60K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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
$46.2
Price spread: +0.067% → 0.000%
$6.72
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$32.92
Costs to cover
0.200%
Break-even
2.0 days
Slippage unknown: BingX: live order book, 5 min ago; Coinbase International: 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 BingX live order book, 5 min ago1.70 bp7.3 bp −$715.4 bp −$15458.2 bp −$5,819481.6 bp −$240.8K
Sell Coinbase International no order-book sample
Coinbase International: 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
dYdX ICP-USD0.0000%1h2.9759−0.036%$69K$3K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9762−0.027%$265$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9752−0.060%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.353%$202$200K12xas long as short
Variational Omni ICP+0.0091%8h2.9705−0.219%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9774+0.013%$158K$487K5xas long as short
Aster ICPUSDT+0.0100%8h2.9801+0.103%$272K$1.6M20xas long as short
Pacifica ICP+0.0100%1h2.9763−0.022%$135K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9785+0.049%$29.2M$50.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9750−0.067%$17.2M$18.3M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.9750−0.067%$5.7M$16.4M50xas long as short
Gate ICP_USDT+0.0100%8h2.9780+0.034%$1.9M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9790+0.067%$19.9M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9790+0.067%$4.9M$12.7M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9780+0.034%$7.0M$4.7M50xas long as short
BingX ICP-USDTlong+0.0100%8h2.9770long leg$5.8M
edgeX ICPUSDC+0.0100%4h2.9492−0.933%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9501−0.902%$571K$464K10xas long as short
SunX ICP-USDT+0.0100%8h2.9760−0.034%$2K$1.6M20xas long as short
HTX ICP-USDT+0.0100%8h2.9710−0.202%$104K$156K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9760−0.034%$1.8M$791K50xas long as short
Extended ICP-USD+0.0104%1h2.9785+0.050%$23K$130K10xas long as short
Hyperliquid ICP+0.0217%1h2.9786+0.054%$4.6M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9690−0.269%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTXshort+0.0320%1h2.9790+0.067%$67K$60K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0536% / S −0.0528%1h2.9747−0.077%$40K100xas long as short
Kraken Futures PF_ICPUSD+0.0567%1h2.9783+0.044%$523K$605K50xas long as short