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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against BingX+0.033%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1661.658% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.033%, 7d avg −0.011%
Together, before fees−0.013%−$1 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: SunX is 0.045% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ICP-USDT2.99900.0100pay 0.0100% / 8h6h 29m$6.1M
ShortSunX ICP-USDT3.00000.0100get 0.0100% / 8h6h 29m$1K$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.033% → −0.011%
$4.48
Slippage, 4 orders
−$147.81
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$161.33
Costs to cover
1.658%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; SunX: live order book, 6 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 ago1.68 bp8.7 bp −$915.2 bp −$15270.1 bp −$7,012474.1 bp −$237.0K
Sell SunX live order book, 6 min ago48.42 bp74.0 bp −$74doesn't fitdoesn't fitdoesn't fit

ICP on 26 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−0.0084%1h2.9948−0.140%$267$46450xas long as short
Variational Omni ICP−0.0004%8h2.9960−0.099%$1.1M$118Kas long as short
dYdX ICP-USD0.0000%1h3.0025+0.118%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9980−0.033%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.084%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9995+0.017%$164K$491K5xas long as short
Aster ICPUSDT+0.0100%8h2.9987−0.008%$291K$1.7M20xas long as short
Pacifica ICP+0.0100%1h3.0034+0.145%$136K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.99900.000%$29.7M$54.3M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9980−0.033%$17.6M$19.0M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.99900.000%$5.8M$17.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9970−0.067%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9980−0.033%$19.4M$10.1M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9960−0.100%$5.0M$13.4M50xas long as short
Bitget ICPUSDT+0.0100%8h2.99900.000%$7.1M$4.9M50xas long as short
BingX ICP-USDTlong+0.0100%8h2.9990long leg$6.1M
edgeX ICPUSDC+0.0100%4h2.9967−0.077%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9918−0.239%$580K$491K10xas long as short
SunX ICP-USDTshort+0.0100%8h3.0000+0.033%$1K$1.8M20x
HTX ICP-USDT+0.0100%8h2.9950−0.133%$105K$239K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9940−0.167%$1.8M$792K50xas long as short
Extended ICP-USD+0.0104%1h2.9971−0.063%$22K$131K10xas long as short
Coinbase International ICP-PERP-INTX+0.0256%1h3.0040+0.167%$65K$75K50xas long as short
Hyperliquid ICP+0.0292%1h3.0017+0.089%$4.7M$5.2M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0508% / S −0.0480%1h2.9976−0.046%$37K100xas long as short
Kraken Futures PF_ICPUSD+0.0895%1h2.9993+0.010%$544K$617K50xas long as short