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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.149%
Price spread now: KuCoin against Deribit−0.010%7-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 feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ICP_USDC-PERPETUAL2.99030get 0.0000% / 1h29m 53s$266$46450x
ShortKuCoin ICPUSDTM2.99000.0100get 0.0100% / 8h1h 29m$5.1M$13.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$21
Price spread: −0.010% → 0.000%
−$1
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$1
Costs to cover
0.190%
Break-even
6.7 days
Slippage unknown: Deribit: no order-book sample; KuCoin: 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 Deribit no order-book sample
Sell KuCoin live order book, 4 min ago3.34 bp26.2 bp −$2662.4 bp −$624doesn'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−0.1358%8h2.9750−0.512%$1.7M$775K50xas long as short
Variational Omni ICP−0.0178%8h2.9901−0.006%$1.1M$107Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.796%$202$200K12xas long as short
Gate ICP_USDT−0.0089%8h2.9890−0.043%$1.9M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h2.9943+0.134%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUALlong0.0000%1h2.9903long leg$266$46450x
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9915+0.041%$27K150xas long as short
Bybit ICPUSDT+0.0091%8h2.9880−0.077%$17.3M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9936+0.110%$166K$443K5xas long as short
Aster ICPUSDT+0.0100%8h2.9929+0.088%$200K$1.4M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9903+0.001%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9920+0.057%$29.8M$49.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9890−0.043%$5.9M$16.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9910+0.023%$18.8M$8.6M50xas long as short
KuCoin ICPUSDTMshort+0.0100%8h2.9900−0.010%$5.1M$13.0M50x
Bitget ICPUSDT+0.0100%8h2.9910+0.023%$6.8M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9900−0.010%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9946+0.143%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9955+0.173%$573K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9900−0.010%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9880−0.077%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9904+0.004%$25K$124K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9910+0.023%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h2.9927+0.079%$487K$525K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h2.9980+0.257%$63K$91K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0505% / S −0.0480%1h2.9905+0.008%$37K100xas long as short
Hyperliquid ICP+0.0664%1h2.9963+0.201%$4.8M$5.0M5xas long as short