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 −0.019%
Price spread now: OKX against edgeX−0.068%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$470.475% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.146%−$15 on $10k
Price spread, last 3 days (all we have)−0.198%−$20 · spread now −0.068%, 7d avg +0.021%
Together, before fees−0.344%+ Points / potential airdropedgeX: Active · farm board−$34 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: OKX is 0.089% cheaper against edgeX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC2.99500.0100pay 0.0050% / 4h1h 09m$23K$277K10x
ShortOKX ICP-USDT-SWAP2.99300.0100get 0.0100% / 8h1h 09m$5.9M$16.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.068% → +0.021%
−$8.88
Slippage, 4 orders
−$28.47
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$56.35
Costs to cover
0.475%
Break-even
never at this rate
Slippage from edgeX: live order book, 9 min ago; OKX: 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, 9 min ago8.33 bp12.8 bp −$1326.9 bp −$269doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago1.67 bp10.4 bp −$1033.2 bp −$332doesn'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−0.1469%8h2.9800−0.502%$1.7M$769K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0283%1h2.9983+0.109%$267$46450xas long as short
Variational Omni ICP−0.0154%8h2.9931−0.065%$1.1M$107Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.953%$202$200K12xas long as short
Gate ICP_USDT−0.0047%8h2.9970+0.066%$1.9M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h2.9986+0.118%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9994+0.147%$27K150xas long as short
Lighter ICP+0.0096%1h3.0010+0.199%$160K$452K5xas long as short
Aster ICPUSDT+0.0100%8h2.9993+0.142%$209K$1.4M20xas long as short
Pacifica ICP+0.0100%1h2.9982+0.106%$136K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9964+0.046%$29.6M$50.4M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9950−0.001%$17.4M$17.9M75xas long as short
OKX ICP-USDT-SWAPshort+0.0100%8h2.9930−0.068%$5.9M$16.0M50x
MEXC ICP_USDT+0.0100%8h2.9980+0.099%$19.6M$8.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9980+0.099%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9980+0.099%$6.8M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9960+0.032%$4.9Mas long as short
edgeX ICPUSDClong+0.0100%4h2.9950long leg$23K$277K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9941−0.032%$573K$435K10xas long as short
SunX ICP-USDT+0.0100%8h2.9990+0.132%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h2.9940−0.034%$106K$220K20xas long as short
Extended ICP-USD+0.0104%1h2.9959+0.029%$25K$118K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9950−0.001%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h2.9999+0.163%$487K$528K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0030+0.266%$63K$91K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0506% / S −0.0480%1h2.9990+0.132%$37K100xas long as short
Hyperliquid ICP+0.0671%1h3.0023+0.243%$4.7M$5.0M5xas long as short