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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0376%/8h= +41.2% APRnext payment +$0.47 per $10,000 · paid last 24h +0.066%
Price spread now: Coinbase International against dYdX+0.589%7-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 7 days+0.528%+$53 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Coinbase International is 0.589% dearer against dYdX than usual: you sell high and buy low: +$59 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ICP-USD2.95760get 0.0000% / 1h0m 20s$69K$3K5x
ShortCoinbase International ICP-PERP-INTX2.97500.0376get 0.0047% / 1h0m 20s$58K$69K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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
$78.96
Price spread: +0.589% → 0.000%
$58.88
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$117.84
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: dYdX: no order-book sample; Coinbase International: no order-book sample. 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 dYdX no order-book sample
Sell Coinbase International no order-book sample
dYdX and 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−0.0253%8h2.9510−0.223%$1.8M$686K50xas long as short
Kraken Futures PF_ICPUSD−0.0211%1h2.9594+0.060%$524K$659K50xas long as short
Variational Omni ICP−0.0150%8h2.9521−0.185%$1.0M$135Kas long as short
dYdX ICP-USDlong0.0000%1h2.9576long leg$69K$3K5x
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9557−0.064%$192$43950xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9575−0.004%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.301%$202$200K12xas long as short
Bybit ICPUSDT+0.0059%8h2.9540−0.121%$17.1M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9571−0.016%$138K$489K5xas long as short
Hyperliquid ICP+0.0100%1h2.9588+0.041%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9586+0.035%$274K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9572−0.014%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9554−0.073%$28.8M$47.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9550−0.087%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9550−0.087%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9550−0.087%$19.2M$10.0M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9560−0.054%$4.9M$11.5M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9570−0.020%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9560−0.054%$5.6Mas long as short
edgeX ICPUSDC+0.0100%4h2.9496−0.269%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9527−0.165%$573K$590K10xas long as short
SunX ICP-USDT+0.0100%8h2.9550−0.087%$1K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9440−0.459%$103K$114K20xas long as short
Extended ICP-USD+0.0104%1h2.9553−0.078%$26K$235K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9570−0.020%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTXshort+0.0376%1h2.9750+0.589%$58K$69K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0457% / S −0.0403%1h2.9562−0.048%$33K100xas long as short