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

ICP

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.143%
Price spread now: edgeX against Deribit−0.418%75s7-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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Funding pays, the price is against you. edgeX is 0.418% cheaper against Deribit than usual: you would sell low and buy high (spread −0.418% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$42 on $10k: about 4.0 days of funding at the current rate (+$10 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ICP_USDC-PERPETUAL3.0364−0.0244get 0.0030% / 1h53m 35s$271$46450x
ShortedgeX ICPUSDC3.02370.0100get 0.0050% / 4h53m 35s$23K$277K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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
$72.24
Price spread: −0.418% → 0.000%
−$41.79
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$14.45
Costs to cover
0.160%
Break-even
5.6 days
Slippage unknown: Deribit: no order-book sample; edgeX: live order book, 24 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 Deribit no order-book sample
Sell edgeX live order book, 24 min ago8.33 bp12.8 bp −$1328.0 bp −$280doesn't fitdoesn't fit
Deribit: 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−0.1552%8h3.0190−0.573%$1.8M$767K50xas long as short
Deribit ICP_USDC-PERPETUALlong−0.0244%1h3.0364long leg$271$46450x
Variational Omni ICP−0.0141%8h3.0311−0.175%$1.1M$107Kas long as short
Gate ICP_USDT−0.0034%8h3.0390+0.086%$2.0M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h3.0366+0.006%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0375+0.035%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.302%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0410+0.151%$161K$450K5xas long as short
Aster ICPUSDT+0.0100%8h3.0398+0.113%$196K$1.4M20xas long as short
Pacifica ICP+0.0100%1h3.0403+0.129%$138K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0400+0.119%$30.0M$50.6M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0380+0.053%$17.7M$18.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0400+0.119%$6.2M$16.6M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0400+0.119%$19.5M$9.1M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0370+0.020%$5.2M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0400+0.119%$6.9M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h3.0380+0.053%$4.9Mas long as short
edgeX ICPUSDCshort+0.0100%4h3.0237−0.418%$23K$277K10x
GRVT ICP_USDT_Perp+0.0100%8h3.0279−0.281%$580K$435K10xas long as short
SunX ICP-USDT+0.0100%8h3.0350−0.046%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0370+0.020%$108K$220K20xas long as short
Extended ICP-USD+0.0104%1h3.0384+0.065%$25K$118K10xas long as short
Hyperliquid ICP+0.0150%1h3.0429+0.214%$4.8M$5.0M5xas long as short
Kraken Futures PF_ICPUSD+0.0171%1h3.0380+0.053%$493K$530K50xas long as short
BloFin ICP-USDT+0.0220%8h3.0370+0.020%$1.2M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0430+0.217%$64K$90K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0509% / S −0.0480%1h3.0371+0.022%$38K100xas long as short