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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.049%
Price spread now: dYdX against BloFin−0.091%7-day average · you buy dearer than you sell
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−0.389%−$39 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.091% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ICP-USDT2.94000.0220pay 0.0220% / 8h23m 14s$1.2M$2.4M75x
ShortdYdX ICP-USD2.93730get 0.0000% / 1h23m 14s$68K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$46.2
Price spread: −0.091% → 0.000%
−$9.11
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$77.31
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 5 min ago; dYdX: 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, 5 min ago5.08 bp11.1 bp −$1113.6 bp −$13672.0 bp −$7,204doesn't fit
Sell dYdX no order-book sample
dYdX: 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−0.0260%8h2.9440+0.136%$1.7M$685K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0260%1h2.9407+0.024%$191$43950xas long as short
Kraken Futures PF_ICPUSD−0.0212%1h2.9440+0.138%$521K$662K50xas long as short
Variational Omni ICP−0.0147%8h2.9400−0.001%$1.0M$135Kas long as short
dYdX ICP-USDshort0.0000%1h2.9373−0.091%$68K$3K5x
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9433+0.111%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.901%$202$200K12xas long as short
Bybit ICPUSDT+0.0056%8h2.94000.000%$17.0M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9415+0.051%$137K$489K5xas long as short
Hyperliquid ICP+0.0100%1h2.9426+0.090%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9406+0.020%$270K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9351−0.168%$132K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9424+0.081%$28.7M$47.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.94000.000%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.94000.000%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9420+0.068%$19.1M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9420+0.068%$4.9M$11.6M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9420+0.068%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.94000.000%$5.6Mas long as short
edgeX ICPUSDC+0.0100%4h2.9422+0.074%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9410+0.034%$567K$568K10xas long as short
SunX ICP-USDT+0.0100%8h2.9410+0.034%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9420+0.068%$103K$113K20xas long as short
Extended ICP-USD+0.0104%1h2.9406+0.019%$22K$233K10xas long as short
BloFin ICP-USDTlong+0.0220%8h2.9400long leg$1.2M$2.4M75x
Coinbase International ICP-PERP-INTX+0.0376%1h2.9750+1.190%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9430+0.103%$32K100xas long as short