Funding arb · Price arb /

ICP

all ICP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against dYdX−0.091%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. SunX is 0.091% cheaper against dYdX than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ICP-USD	3.0177	0	get 0.0000% / 1h	25m 28s	$70K	$4K	5x
Short	SunX ICP-USDT	3.0150	0.0100	get 0.0100% / 8h	6h 25m	$1K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee dYdXbpFee SunXbpOrdersPrice spread, now −0.091%Rate

Funding earned: $21
Price spread: −0.091% → 0.000%: −$9.09
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$6.09
Costs to cover: 0.180%
Break-even: 9.0 days

Slippage unknown: dYdX: no order-book sample; SunX: live order book, 10 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell SunX live order book, 10 min ago	48.42 bp	74.0 bp −$74	doesn't fit	doesn't fit	doesn't fit

dYdX: 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 26 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
dYdX ICP-USDlong	0.0000%	1h	3.0177	long leg	$70K	$4K	5x
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	3.0179	+0.005%	$269	$464	50x	as long as short
Variational Omni ICP	+0.0002%	8h	3.0160	−0.058%	$1.1M	$118K	—	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0011%	1h	3.0182	+0.015%	$23K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−1.698%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	3.0181	+0.012%	$165K	$491K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	3.0175	−0.009%	$281K	$1.7M	20x	as long as short
Pacifica ICP	+0.0100%	1h	3.0140	−0.122%	$137K	$11K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	3.0160	−0.058%	$29.8M	$54.0M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	3.0150	−0.091%	$17.7M	$19.0M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ICP-USDT-SWAP	+0.0100%	8h	3.0170	−0.025%	$5.9M	$17.2M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	3.0160	−0.058%	$1.9M	$3.1M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	3.0160	−0.058%	$19.5M	$10.1M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	3.0140	−0.124%	$5.0M	$13.4M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	3.0170	−0.025%	$7.1M	$4.9M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	3.0160	−0.058%	—	$6.0M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	3.0111	−0.220%	$23K	$278K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	3.0134	−0.146%	$585K	$491K	10x	as long as short
SunX ICP-USDTshort	+0.0100%	8h	3.0150	−0.091%	$1K	$1.8M	20x
HTX ICP-USDT	+0.0100%	8h	3.0120	−0.190%	$105K	$239K	20x	as long as short
Phemex ICPUSDT	+0.0100%	8h	3.0150	−0.091%	$1.8M	$792K	50x	as long as short
Extended ICP-USD	+0.0104%	1h	3.0142	−0.117%	$22K	$131K	10x	as long as short
Coinbase International ICP-PERP-INTX	+0.0256%	1h	3.0180	+0.008%	$65K	$72K	50x	as long as short
Hyperliquid ICP	+0.0266%	1h	3.0198	+0.068%	$4.7M	$5.2M	5x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0510% / S −0.0480%	1h	3.0181	+0.012%	$38K	—	100x	as long as short
Kraken Futures PF_ICPUSD	+0.0889%	1h	3.0208	+0.100%	$547K	$611K	50x	as long as short