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−0.0116%/8h= −12.7% APRpaid last 24h −0.023%
Price spread now: Extended against BloFin+0.168%7-day average −0.030% · 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−$30as in the Price arb table
costs, in and out, $10k−$500.496% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.229%−$23 on $10k
Price spread, last 3 days (all we have)−0.168%−$17 · spread now +0.168%, 7d avg −0.030%
Together, before fees−0.398%+ Points / potential airdropExtended: Active · farm board−$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.198% dearer against BloFin than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of −0.030%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ICP-USDT2.97700.0220pay 0.0220% / 8h2h 31m$1.2M$2.2M75x
ShortExtended ICP-USD2.98200.0104get 0.0013% / 1h31m 07s$24K$123K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$24.36
Price spread: +0.168% → −0.030%
$19.79
Slippage, 4 orders
−$32.62
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$54.19
Costs to cover
0.496%
Break-even
never at this rate
Slippage from BloFin: live order book, 2 min ago; Extended: live order book, 54 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 BloFin live order book, 2 min ago3.36 bp11.8 bp −$1220.3 bp −$203118.0 bp −$11.8Kdoesn't fit
Sell Extended live order book, 54 min ago3.54 bp12.2 bp −$1277.9 bp −$779doesn'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−0.1321%8h2.9690−0.269%$1.7M$781K50xas long as short
Variational Omni ICP−0.0263%8h2.9734−0.121%$1.1M$119Kas long as short
Injective ICP/USDC PERP−0.0199%1h2.9665−0.353%$202$200K12xas long as short
Deribit ICP_USDC-PERPETUAL−0.0186%1h2.9824+0.181%$266$46450xas long as short
Gate ICP_USDT−0.0114%8h2.9830+0.202%$1.9M$2.7M50xas long as short
Bybit ICPUSDT−0.0013%8h2.9820+0.168%$17.1M$17.6M75xas long as short
dYdX ICP-USD0.0000%1h2.9789+0.065%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9827+0.190%$27K150xas long as short
Aster ICPUSDT+0.0100%8h2.9817+0.159%$187K$1.5M20xas long as short
Pacifica ICP+0.0100%1h2.9797+0.089%$135K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9834+0.215%$29.0M$48.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9830+0.202%$5.8M$15.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9820+0.168%$19.5M$8.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9820+0.168%$5.3M$12.8M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9850+0.269%$6.9M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9840+0.235%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9736−0.114%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9778+0.027%$571K$481K10xas long as short
SunX ICP-USDT+0.0100%8h2.9780+0.034%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.97700.000%$106K$218K20xas long as short
Extended ICP-USDshort+0.0104%1h2.9820+0.168%$24K$123K10x
Lighter ICP+0.0120%1h2.9853+0.279%$167K$442K5xas long as short
Kraken Futures PF_ICPUSD+0.0148%1h2.9839+0.233%$496K$510K50xas long as short
BloFin ICP-USDTlong+0.0220%8h2.9770long leg$1.2M$2.2M75x
Coinbase International ICP-PERP-INTX+0.0232%1h2.9860+0.302%$62K$89K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0433% / S −0.0367%1h2.9810+0.135%$31K100xas long as short
Hyperliquid ICP+0.0917%1h2.9898+0.430%$4.7M$5.0M5xas long as short