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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against edgeX+0.157%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$460.463% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.032%−$3 on $10k
Price spread, last 3 days (all we have)−0.604%−$60 · spread now +0.157%, 7d avg +0.046%
Together, before fees−0.636%+ Points / potential airdropedgeX: Active · farm board−$64 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.112% dearer against edgeX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC2.96930.0100pay 0.0050% / 4h2h 36m$23K$277K10x
ShortBingX ICP-USDT2.97400.0100get 0.0100% / 8h2h 36m$4.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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
$0
Price spread: +0.157% → +0.046%
$11.17
Slippage, 4 orders
−$27.34
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$35.17
Costs to cover
0.463%
Break-even
never at this rate
Slippage from edgeX: live order book, 51 min ago; BingX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 51 min ago8.43 bp12.9 bp −$1326.9 bp −$269doesn't fitdoesn't fit
Sell BingX live order book, 3 min ago1.68 bp7.6 bp −$815.3 bp −$15341.8 bp −$4,182451.7 bp −$225.8K

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−0.1294%8h2.9670−0.079%$1.7M$782K50xas long as short
Variational Omni ICP−0.0267%8h2.9715+0.074%$1.1M$119Kas long as short
Injective ICP/USDC PERP−0.0199%1h2.9665−0.095%$202$200K12xas long as short
Deribit ICP_USDC-PERPETUAL−0.0187%1h2.9763+0.235%$265$46450xas long as short
Gate ICP_USDT−0.0125%8h2.9740+0.157%$1.9M$2.7M50xas long as short
Bybit ICPUSDT−0.0032%8h2.9730+0.124%$17.1M$17.6M75xas long as short
dYdX ICP-USD0.0000%1h2.9754+0.205%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9772+0.265%$27K150xas long as short
Aster ICPUSDT+0.0100%8h2.9764+0.239%$189K$1.5M20xas long as short
Pacifica ICP+0.0100%1h2.9763+0.235%$135K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9754+0.206%$28.9M$48.6M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9720+0.090%$5.8M$15.6M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9760+0.225%$19.5M$8.4M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9770+0.258%$5.3M$12.8M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9770+0.258%$6.8M$4.4M50xas long as short
BingX ICP-USDTshort+0.0100%8h2.9740+0.157%$4.9M
edgeX ICPUSDClong+0.0100%4h2.9693long leg$23K$277K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9728+0.116%$570K$481K10xas long as short
SunX ICP-USDT+0.0100%8h2.9760+0.225%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9680−0.045%$106K$218K20xas long as short
Extended ICP-USD+0.0104%1h2.9761+0.228%$24K$123K10xas long as short
Lighter ICP+0.0136%1h2.9771+0.262%$166K$442K5xas long as short
Kraken Futures PF_ICPUSD+0.0148%1h2.9776+0.277%$495K$510K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9770+0.258%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0232%1h2.9790+0.326%$62K$88K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9767+0.247%$31K100xas long as short
Hyperliquid ICP+0.0954%1h2.9814+0.406%$4.8M$4.9M5xas long as short