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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against BingX+0.073%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$740.735% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)+0.258%+$26 · spread now +0.073%, 7d avg −0.029%
Together, before fees+0.266%+ Points / potential airdropGRVT: Active · farm board+$27 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: GRVT is 0.102% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ICP-USDT2.91400.0100pay 0.0100% / 8h5h 31m$5.6M
ShortGRVT ICP_USDT_Perp2.91610.0100get 0.0100% / 8h5h 31m$562K$625K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: +0.073% → −0.029%
$10.19
Slippage, 4 orders
−$54.54
Fee BingX: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$63.35
Costs to cover
0.735%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; GRVT: live order book, 14 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, 11 min ago5.12 bp12.7 bp −$1319.3 bp −$19349.8 bp −$4,982491.8 bp −$245.9K
Sell GRVT live order book, 14 min ago3.41 bp24.8 bp −$2546.2 bp −$462doesn't fitdoesn't fit

ICP on 27 exchanges

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−0.0333%1h2.9141+0.003%$190$43950xas long as short
Phemex ICPUSDT−0.0166%8h2.9200+0.206%$1.7M$703K50xas long as short
Variational Omni ICP−0.0147%8h2.9188+0.163%$1.1M$195Kas long as short
dYdX ICP-USD0.0000%1h2.9183+0.147%$67K$2K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9156+0.055%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.802%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9147+0.024%$135K$454K5xas long as short
Aster ICPUSDT+0.0100%8h2.9158+0.062%$250K$887K20xas long as short
Pacifica ICP+0.0100%1h2.9143+0.011%$131K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9136−0.014%$28.1M$47.3M75xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9120−0.069%$16.9M$17.1M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.91400.000%$5.7M$12.7M50xas long as short
Gate ICP_USDT+0.0100%8h2.9120−0.069%$1.9M$2.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9130−0.034%$18.2M$9.4M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.91400.000%$4.8M$10.8M50xas long as short
Bitget ICPUSDT+0.0100%8h2.91400.000%$6.9M$4.3M50xas long as short
BingX ICP-USDTlong+0.0100%8h2.9140long leg$5.6M
edgeX ICPUSDC+0.0100%4h2.9150+0.035%$23K$280K10xas long as short
GRVT ICP_USDT_Perpshort+0.0100%8h2.9161+0.073%$562K$625K10x
SunX ICP-USDT+0.0100%8h2.9160+0.069%$2K$1.4M20xas long as short
HTX ICP-USDT+0.0100%8h2.9100−0.137%$102K$128K20xas long as short
Extended ICP-USD+0.0104%1h2.9128−0.040%$22K$239K10xas long as short
Kraken Futures PF_ICPUSD+0.0189%1h2.9177+0.127%$517K$586K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9100−0.137%$1.2M$2.3M75xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0423% / S −0.0357%1h2.9179+0.134%$30K100xas long as short
Coinbase International ICP-PERP-INTX+0.0424%1h2.9570+1.476%$58K$63K50xas long as short
Hyperliquid ICP+0.0442%1h2.9203+0.216%$4.5M$4.3M5xas long as short