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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%
Price spread now: edgeX against Bybit−0.125%91s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$520.518% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.117%+$12 on $10k
Price spread, last 3 days (all we have)+0.224%+$22 · spread now −0.125%, 7d avg −0.026%
Together, before fees+0.341%+ Points / potential airdropedgeX: Active · farm board+$34 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: edgeX is 0.099% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.026%. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ICPUSDT3.04700.0100pay 0.0100% / 8h7h 40m$18.1M$18.7M75x
ShortedgeX ICPUSDC3.04320.0100get 0.0050% / 4h3h 40m$24K$278K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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: −0.125% → −0.026%
−$9.94
Slippage, 4 orders
−$31.84
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$61.79
Costs to cover
0.518%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; edgeX: live order book, 33 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 Bybit live order book, 3 min ago1.64 bp13.8 bp −$1453.0 bp −$530doesn't fitdoesn't fit
Sell edgeX live order book, 33 min ago8.29 bp12.8 bp −$1326.1 bp −$261doesn'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
Deribit ICP_USDC-PERPETUAL−0.0241%1h3.0521+0.167%$272$46450xas long as short
Phemex ICPUSDT−0.0166%8h3.0490+0.066%$1.8M$767K50xas long as short
Kraken Futures PF_ICPUSD−0.0121%1h3.0571+0.331%$558K$601K50xas long as short
Variational Omni ICP−0.0086%8h3.0390−0.262%$1.1M$111Kas long as short
dYdX ICP-USD0.0000%1h3.0483+0.041%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0524+0.178%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.642%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0566+0.315%$175K$479K5xas long as short
Aster ICPUSDT+0.0100%8h3.0529+0.195%$301K$1.6M20xas long as short
Pacifica ICP+0.0100%1h3.0484+0.046%$138K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0486+0.052%$30.4M$52.6M75xas long as short
Bybit ICPUSDTlong+0.0100%8h3.0470long leg$18.1M$18.7M75x
OKX ICP-USDT-SWAP+0.0100%8h3.0460−0.033%$6.2M$17.0M50xas long as short
Gate ICP_USDT+0.0100%8h3.0510+0.131%$2.0M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0480+0.033%$19.4M$9.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0510+0.131%$5.2M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0510+0.131%$7.2M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h3.0500+0.098%$5.2Mas long as short
edgeX ICPUSDCshort+0.0100%4h3.0432−0.125%$24K$278K10x
GRVT ICP_USDT_Perp+0.0100%8h3.0459−0.037%$589K$471K10xas long as short
SunX ICP-USDT+0.0100%8h3.0490+0.066%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0430−0.131%$106K$239K20xas long as short
Extended ICP-USD+0.0104%1h3.0478+0.026%$22K$118K10xas long as short
Hyperliquid ICP+0.0183%1h3.0541+0.233%$4.8M$5.0M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0410−0.197%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.04700.000%$63K$87K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0511% / S −0.0480%1h3.0534+0.211%$38K100xas long as short