ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0287%/8h= −31.5% APRpaid last 24h −0.099%

Price spread now: Variational Omni against Coinbase International+0.438%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.438% dearer against Coinbase International than usual: you sell high and buy low (spread +0.438% now, against zero (this spread has no 7-day history yet)): +$44 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ICP-PERP-INTX	2.9780	0.0256	pay 0.0032% / 1h	53m 51s	$60K	$68K	50x
Short	Variational Omni ICP	2.9910	−0.0031	pay 0.0031% / 8h	6h 53m	$1.1M	$118K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee Variational OmnibpOrdersPrice spread, now +0.438%Rate

Funding earned: −$60.36
Price spread: +0.438% → 0.000%: $43.78
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.59
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Variational Omni: RFQ quote, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, just now	4.39 bp	doesn't fit	43.2 bp −$432	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ICPshort	−0.0031%	8h	2.9910	+0.438%	$1.1M	$118K	—
dYdX ICP-USD	0.0000%	1h	2.9938	+0.529%	$70K	$4K	5x	as long as short
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	2.9938	+0.531%	$267	$464	50x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0011%	1h	2.9894	+0.382%	$23K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−0.386%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	3.0040	+0.873%	$165K	$488K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	3.0005	+0.754%	$331K	$1.7M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9950	+0.572%	$136K	$11K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	3.0001	+0.740%	$30.0M	$54.0M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	3.0000	+0.739%	$17.8M	$19.0M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9980	+0.672%	$5.9M	$17.2M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	3.0000	+0.739%	$1.9M	$3.0M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	3.0010	+0.772%	$18.9M	$9.8M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9980	+0.672%	$5.0M	$13.4M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	3.0010	+0.772%	$7.0M	$4.9M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	3.0000	+0.739%	—	$6.1M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	3.0138	+1.203%	$23K	$278K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	3.0112	+1.113%	$582K	$479K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9890	+0.369%	$1K	$1.8M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9870	+0.302%	$104K	$240K	20x	as long as short
Phemex ICPUSDT	+0.0100%	8h	2.9970	+0.638%	$1.8M	$781K	50x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9983	+0.681%	$22K	$128K	10x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9950	+0.571%	$1.3M	$2.3M	75x	as long as short
Coinbase International ICP-PERP-INTXlong	+0.0256%	1h	2.9780	long leg	$60K	$68K	50x
Hyperliquid ICP	+0.0468%	1h	3.0038	+0.866%	$4.8M	$5.1M	5x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0507% / S −0.0480%	1h	2.9890	+0.370%	$37K	—	100x	as long as short
Kraken Futures PF_ICPUSD	+0.0894%	1h	3.0024	+0.818%	$544K	$620K	50x	as long as short