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−0.0152%/8h= −16.7% APRnext payment $0.19 per $10,000 · paid last 24h +0.001%
Price spread now: Injective against dYdX−1.004%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 7 days+0.014%+$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 1.004% cheaper against dYdX than usual: you would sell low and buy high (−$100 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ICP-USD2.99660get 0.0000% / 1h37m 49s$70K$4K5x
ShortInjective ICP/USDC PERP2.9665−0.0152pay 0.0019% / 1h37m 49s$202$200K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$31.93
Price spread: −1.004% → 0.000%
−$100.39
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$142.34
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: dYdX: no order-book sample; Injective: 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 Injective no order-book sample
dYdX and Injective: 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−0.1286%8h2.9790−0.587%$1.7M$776K50xas long as short
Variational Omni ICP−0.0193%8h2.9912−0.181%$1.1M$121Kas long as short
Injective ICP/USDC PERPshort−0.0152%1h2.9665−1.004%$202$200K12x
Gate ICP_USDT−0.0099%8h2.9950−0.053%$1.9M$2.8M50xas long as short
dYdX ICP-USDlong0.0000%1h2.9966long leg$70K$4K5x
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9975+0.031%$267$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9975+0.029%$27K150xas long as short
Bybit ICPUSDT+0.0082%8h2.9960−0.019%$17.4M$17.8M75xas long as short
Lighter ICP+0.0096%1h2.9998+0.107%$166K$442K5xas long as short
Aster ICPUSDT+0.0100%8h2.9996+0.102%$186K$1.4M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9965−0.003%$136K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9979+0.043%$29.8M$49.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9970+0.014%$5.9M$16.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9970+0.014%$18.9M$8.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9980+0.047%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9990+0.081%$6.9M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9970+0.014%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9938−0.094%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9928−0.125%$572K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9970+0.014%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9930−0.120%$107K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.99660.000%$25K$124K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9910−0.186%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h2.9990+0.081%$491K$522K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h2.9970+0.014%$63K$91K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0504% / S −0.0480%1h2.9968+0.009%$37K100xas long as short
Hyperliquid ICP+0.0677%1h3.0035+0.231%$4.8M$5.0M5xas long as short