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: Bitget against edgeX+0.401%54s7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$570.566% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.063%−$6 on $10k
Price spread, last 3 days (all we have)−0.848%−$85 · spread now +0.401%, 7d avg +0.076%
Together, before fees−0.911%+ Points / potential airdropedgeX: Active · farm board−$91 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: Bitget is 0.325% dearer against edgeX than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +0.076%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC2.96910.0100pay 0.0050% / 4h1h 54m$23K$276K10x
ShortBitget ICPUSDT2.98100.0100get 0.0100% / 8h1h 54m$6.8M$4.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.401% → +0.076%
$32.46
Slippage, 4 orders
−$35.58
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$24.13
Costs to cover
0.566%
Break-even
never at this rate
Slippage from edgeX: live order book, 28 min ago; Bitget: live order book, 4 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, 28 min ago8.37 bp12.9 bp −$1326.5 bp −$265doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.36 bp16.9 bp −$1736.5 bp −$365doesn't fitdoesn't fit

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−0.1255%8h2.9720+0.098%$1.7M$779K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0287%1h2.9800+0.367%$266$46450xas long as short
Variational Omni ICP−0.0215%8h2.9802+0.375%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.088%$202$200K12xas long as short
Gate ICP_USDT−0.0103%8h2.9780+0.300%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9827+0.459%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9825+0.453%$27K150xas long as short
Bybit ICPUSDT+0.0054%8h2.9780+0.300%$17.2M$17.7M75xas long as short
Lighter ICP+0.0096%1h2.9836+0.488%$166K$441K5xas long as short
Aster ICPUSDT+0.0100%8h2.9822+0.443%$185K$1.4M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9815+0.418%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9789+0.329%$29.0M$48.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9760+0.232%$5.8M$15.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9810+0.401%$19.2M$8.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9810+0.401%$5.0M$12.9M50xas long as short
Bitget ICPUSDTshort+0.0100%8h2.9810+0.401%$6.8M$4.4M50x
BingX ICP-USDT+0.0100%8h2.9800+0.367%$4.9Mas long as short
edgeX ICPUSDClong+0.0100%4h2.9691long leg$23K$276K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9779+0.298%$570K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9810+0.401%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9780+0.300%$106K$218K20xas long as short
Extended ICP-USD+0.0104%1h2.9798+0.362%$25K$124K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9810+0.401%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0224%1h2.9839+0.498%$489K$517K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h2.9890+0.670%$62K$89K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0433% / S −0.0367%1h2.9830+0.469%$31K100xas long as short
Hyperliquid ICP+0.0616%1h2.9864+0.583%$4.7M$5.0M5xas long as short