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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.019%
Price spread now: BloFin against edgeX−0.016%7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$510.511% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.164%+$16 on $10k
Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.016%, 7d avg +0.066%
Together, before fees+0.177%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.082% cheaper against edgeX than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.066%). If the spread goes back, that is −$8 on $10k: about 2.3 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC2.99750.0100pay 0.0050% / 4h1h 34m$23K$278K10x
ShortBloFin ICP-USDT2.99700.0220get 0.0220% / 8h1h 34m$1.2M$2.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$25.2
Price spread: −0.016% → +0.066%
−$8.24
Slippage, 4 orders
−$30.08
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$34.12
Costs to cover
0.511%
Break-even
16.5 days
Slippage from edgeX: live order book, 48 min ago; BloFin: 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, 48 min ago8.37 bp12.9 bp −$1326.5 bp −$265doesn't fitdoesn't fit
Sell BloFin live order book, 3 min ago6.67 bp12.7 bp −$1318.4 bp −$18469.6 bp −$6,959doesn'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−0.1324%8h2.9790−0.617%$1.7M$775K50xas long as short
Variational Omni ICP−0.0182%8h2.9972−0.011%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−1.034%$202$200K12xas long as short
Gate ICP_USDT−0.0096%8h2.9930−0.150%$1.9M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h2.9968−0.023%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9969−0.020%$267$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9975+0.001%$27K150xas long as short
Bybit ICPUSDT+0.0087%8h2.9930−0.150%$17.4M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9985+0.034%$166K$442K5xas long as short
Aster ICPUSDT+0.0100%8h2.9982+0.025%$186K$1.4M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9957−0.061%$136K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9960−0.050%$29.8M$49.8M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9940−0.116%$5.9M$16.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9950−0.083%$18.9M$8.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9960−0.050%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9950−0.083%$6.9M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9940−0.116%$4.9Mas long as short
edgeX ICPUSDClong+0.0100%4h2.9975long leg$23K$278K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9979+0.012%$573K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9970−0.016%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9950−0.083%$107K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9954−0.069%$25K$124K10xas long as short
BloFin ICP-USDTshort+0.0220%8h2.9970−0.016%$1.2M$2.3M75x
Kraken Futures PF_ICPUSD+0.0223%1h2.9980+0.019%$488K$525K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0010+0.117%$63K$91K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0505% / S −0.0480%1h2.9968−0.023%$37K100xas long as short
Hyperliquid ICP+0.0672%1h3.0003+0.094%$4.8M$5.0M5xas long as short