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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.011%
Price spread now: Coinbase International against BloFin+0.234%58s7-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+0.133%+$13 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 +$1 a day on $10k at the current rate, and Coinbase International is 0.234% dearer against BloFin than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ICP-USDT2.99600.0220pay 0.0220% / 8h1h 10m$1.2M$2.3M75x
ShortCoinbase International ICP-PERP-INTX3.00300.0240get 0.0030% / 1h10m 05s$63K$91K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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
$4.2
Price spread: +0.234% → 0.000%
$23.36
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$5.56
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago5.01 bp11.0 bp −$1117.6 bp −$176123.3 bp −$12.3Kdoesn't fit
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
Phemex ICPUSDT−0.1472%8h2.9800−0.534%$1.7M$770K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0250%1h2.9977+0.057%$267$46450xas long as short
Variational Omni ICP−0.0154%8h2.9931−0.097%$1.1M$107Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.985%$202$200K12xas long as short
Gate ICP_USDT−0.0047%8h2.9970+0.033%$1.9M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h2.9958−0.006%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9984+0.081%$27K150xas long as short
Lighter ICP+0.0096%1h3.0006+0.154%$166K$446K5xas long as short
Aster ICPUSDT+0.0100%8h2.9984+0.081%$209K$1.4M20xas long as short
Pacifica ICP+0.0100%1h2.9978+0.060%$136K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9973+0.045%$29.6M$50.4M75xas long as short
Bybit ICPUSDT+0.0100%8h2.99600.000%$17.4M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9950−0.033%$5.9M$16.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9980+0.067%$19.6M$8.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.99600.000%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9980+0.067%$6.8M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.99600.000%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9940−0.065%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9941−0.065%$573K$435K10xas long as short
SunX ICP-USDT+0.0100%8h2.99600.000%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h2.9940−0.067%$106K$220K20xas long as short
Extended ICP-USD+0.0104%1h2.9960−0.001%$25K$118K10xas long as short
BloFin ICP-USDTlong+0.0220%8h2.9960long leg$1.2M$2.3M75x
Kraken Futures PF_ICPUSD+0.0223%1h2.9977+0.058%$486K$528K50xas long as short
Coinbase International ICP-PERP-INTXshort+0.0240%1h3.0030+0.234%$63K$91K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0506% / S −0.0480%1h2.9980+0.066%$37K100xas long as short
Hyperliquid ICP+0.0675%1h3.0039+0.264%$4.8M$5.0M5xas long as short