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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.008%
Price spread now: Aster against Coinbase International+0.178%54s7-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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.178% dearer against Coinbase International than usual: you sell high and buy low (spread +0.178% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.2 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ICP-PERP-INTX3.00700.0240pay 0.0030% / 1h59m 27s$63K$89K50x
ShortAster ICPUSDT3.01240.0100get 0.0100% / 8h59m 27s$194K$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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
−$29.4
Price spread: +0.178% → 0.000%
$17.8
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$29.6
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 4 min ago. 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 Coinbase International no order-book sample
Sell Aster live order book, 4 min ago4.99 bp16.4 bp −$16194.1 bp −$1,941doesn't fitdoesn't fit
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−0.1487%8h2.9910−0.532%$1.7M$767K50xas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−1.347%$202$200K12xas long as short
Variational Omni ICP−0.0145%8h3.0011−0.196%$1.1M$107Kas long as short
Gate ICP_USDT−0.0032%8h3.0120+0.166%$2.0M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h3.0130+0.201%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h3.0110+0.133%$268$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0140+0.233%$27K150xas long as short
Lighter ICP+0.0096%1h3.0151+0.269%$159K$450K5xas long as short
Aster ICPUSDTshort+0.0100%8h3.0124+0.178%$194K$1.4M20x
Pacifica ICP+0.0100%1h3.0120+0.167%$136K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0138+0.225%$29.8M$50.4M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0120+0.166%$17.5M$18.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0130+0.200%$6.0M$16.2M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0130+0.200%$19.7M$8.8M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0110+0.133%$5.1M$12.9M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0130+0.200%$6.9M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h3.0130+0.200%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h3.0026−0.146%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0029−0.135%$575K$435K10xas long as short
SunX ICP-USDT+0.0100%8h3.0100+0.100%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0060−0.033%$107K$220K20xas long as short
Extended ICP-USD+0.0104%1h3.0099+0.097%$25K$118K10xas long as short
BloFin ICP-USDT+0.0220%8h3.0020−0.166%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0222%1h3.0129+0.196%$489K$529K50xas long as short
Coinbase International ICP-PERP-INTXlong+0.0240%1h3.0070long leg$63K$89K50x
Hyperliquid ICP+0.0441%1h3.0171+0.336%$4.7M$5.0M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0507% / S −0.0480%1h3.0142+0.239%$37K100xas long as short