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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against edgeX+0.182%74s7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1741.744% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.232%−$23 · spread now +0.182%, 7d avg +0.033%
Together, before fees−0.232%+ Points / potential airdropedgeX: Active · farm board−$23 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: SunX is 0.148% dearer against edgeX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.033%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC2.94960.0100pay 0.0050% / 4h3h 59m$23K$280K10x
ShortSunX ICP-USDT2.95500.0100get 0.0100% / 8h7h 59m$1K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.182% → +0.033%
$14.85
Slippage, 4 orders
−$157.43
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$159.58
Costs to cover
1.744%
Break-even
never at this rate
Slippage from edgeX: live order book, 38 min ago; SunX: live order book, 5 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, 38 min ago8.48 bp13.0 bp −$1327.6 bp −$276doesn't fitdoesn't fit
Sell SunX live order book, 5 min ago47.46 bp74.5 bp −$75doesn'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 ICPUSDT−0.0250%8h2.9500+0.012%$1.8M$686K50xas long as short
Kraken Futures PF_ICPUSD−0.0211%1h2.9588+0.310%$524K$659K50xas long as short
Variational Omni ICP−0.0150%8h2.9521+0.083%$1.0M$135Kas long as short
Deribit ICP_USDC-PERPETUAL−0.0021%1h2.9560+0.216%$192$43950xas long as short
dYdX ICP-USD0.0000%1h2.9576+0.269%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9570+0.249%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.572%$202$200K12xas long as short
Bybit ICPUSDT+0.0059%8h2.9530+0.114%$17.1M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9570+0.249%$138K$485K5xas long as short
Hyperliquid ICP+0.0100%1h2.9599+0.348%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9591+0.321%$274K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9572+0.258%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9564+0.230%$28.8M$47.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9550+0.182%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9560+0.216%$1.9M$2.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9570+0.249%$19.3M$9.7M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9570+0.249%$4.9M$11.5M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9570+0.249%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9560+0.216%$5.6Mas long as short
edgeX ICPUSDClong+0.0100%4h2.9496long leg$23K$280K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9527+0.104%$573K$590K10xas long as short
SunX ICP-USDTshort+0.0100%8h2.9550+0.182%$1K$1.5M20x
HTX ICP-USDT+0.0100%8h2.9490−0.022%$103K$114K20xas long as short
Extended ICP-USD+0.0104%1h2.9562+0.222%$26K$235K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9570+0.249%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0376%1h2.9750+0.860%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0492% / S −0.0459%1h2.9562+0.222%$36K100xas long as short