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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against BingX−0.072%100s7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$430.431% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.032%+$3 on $10k
Price spread, last 3 days (all we have)+0.356%+$36 · spread now −0.072%, 7d avg −0.044%
Together, before fees+0.388%+ Points / potential airdropedgeX: Active · farm board+$39 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 0.028% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.044%. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ICP-USDT2.98800.0100pay 0.0100% / 8h1h 43m$4.9M
ShortedgeX ICPUSDC2.98580.0100get 0.0050% / 4h1h 43m$23K$279K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$0
Price spread: −0.072% → −0.044%
−$2.81
Slippage, 4 orders
−$24.13
Fee BingX: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$45.94
Costs to cover
0.431%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; edgeX: live order book, 39 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 BingX live order book, 6 min ago1.68 bp8.5 bp −$913.7 bp −$13760.8 bp −$6,084478.0 bp −$239.0K
Sell edgeX live order book, 39 min ago8.37 bp12.9 bp −$1327.3 bp −$273doesn'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
Phemex ICPUSDT−0.1242%8h2.9740−0.469%$1.7M$777K50xas long as short
Variational Omni ICP−0.0204%8h2.9852−0.093%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.720%$202$200K12xas long as short
Deribit ICP_USDC-PERPETUAL−0.0118%1h2.9876−0.013%$266$46450xas long as short
Gate ICP_USDT−0.0100%8h2.9860−0.067%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9878−0.007%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9885+0.016%$27K150xas long as short
Bybit ICPUSDT+0.0068%8h2.9870−0.033%$17.3M$17.7M75xas long as short
Lighter ICP+0.0096%1h2.9918+0.127%$166K$442K5xas long as short
Aster ICPUSDT+0.0100%8h2.9889+0.029%$185K$1.4M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9871−0.030%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9900+0.066%$29.5M$49.4M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9890+0.033%$5.9M$15.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9890+0.033%$19.3M$8.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9890+0.033%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9900+0.067%$6.9M$4.4M50xas long as short
BingX ICP-USDTlong+0.0100%8h2.9880long leg$4.9M
edgeX ICPUSDCshort+0.0100%4h2.9858−0.072%$23K$279K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9845−0.117%$571K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9870−0.033%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9830−0.167%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9882+0.008%$25K$124K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9870−0.033%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0224%1h2.9905+0.084%$490K$513K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h2.9890+0.033%$63K$90K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0504% / S −0.0480%1h2.9885+0.017%$37K100xas long as short
Hyperliquid ICP+0.0605%1h2.9948+0.228%$4.7M$5.0M5xas long as short