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

ICP

all ICP markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.1572%/8h= −172.1% APRpaid last 24h −0.281%
Price spread now: Phemex against edgeX−0.502%7-day average −0.083% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−2.473%−$247 on $10k
Price spread, last 3 days (all we have)+0.301%+$30 · spread now −0.502%, 7d avg −0.083%
Together, before fees−2.172%+ Points / potential airdropedgeX: Active · farm board−$217 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Phemex is 0.419% cheaper against edgeX than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of −0.083%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC2.99500.0100pay 0.0050% / 4h1h 09m$23K$277K10x
ShortPhemex ICPUSDT2.9800−0.1472pay 0.1472% / 8h1h 09m$1.7M$770K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
−$330.09
Price spread: −0.502% → −0.083%
−$41.91
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$393
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 8 min ago; Phemex: live order book, 4 min ago. Net counts fees only.

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, 8 min ago8.33 bp12.8 bp −$1326.9 bp −$269doesn't fitdoesn't fit
Sell Phemex live order book, 4 min ago1.68 bpdoesn't fitdoesn't fitdoesn'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 ICPUSDTshort−0.1472%8h2.9800−0.502%$1.7M$770K50x
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%1h2.9998+0.159%$165K$446K5xas long as short
Aster ICPUSDT+0.0100%8h3.0005+0.182%$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%8h2.9982+0.105%$29.6M$50.4M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9970+0.066%$17.4M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9970+0.066%$5.9M$16.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9990+0.132%$19.6M$8.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9990+0.132%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9990+0.132%$6.9M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9990+0.132%$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%8h2.9960+0.032%$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%1h2.9954+0.012%$25K$118K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9960+0.032%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h2.9977+0.090%$486K$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+0.0675%1h3.0062+0.373%$4.7M$5.0M5xas long as short