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−0.0219%/8h= −24.0% APRpaid last 24h −0.067%
Price spread now: Variational Omni against Extended−0.210%7-day average −0.043% · 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 3 days (all we have)−0.170%−$17 on $10k
Price spread, last 3 days (all we have)+0.371%+$37 · spread now −0.210%, 7d avg −0.043%
Together, before fees+0.201%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.168% cheaper against Extended than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ICP-USD3.01640.0104pay 0.0013% / 1h9m 07s$25K$118K10x
ShortVariational Omni ICP3.0101−0.0115pay 0.0115% / 8h9m 07s$1.1M$108K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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
−$45.99
Price spread: −0.210% → −0.043%
−$16.77
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$67.76
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 1 min ago; Variational Omni: RFQ quote, 5 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 Extended live order book, 1 min ago3.98 bp13.8 bp −$1476.5 bp −$765doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 5 min ago4.37 bpdoesn't fit31.6 bp −$316doesn'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−0.1302%8h3.0280+0.384%$1.8M$762K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0479%1h3.0167+0.010%$269$46450xas long as short
Variational Omni ICPshort−0.0115%8h3.0101−0.210%$1.1M$108K
Gate ICP_USDT−0.0009%8h3.0160−0.014%$1.9M$2.9M50xas long as short
dYdX ICP-USD0.0000%1h3.0172+0.027%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0185+0.068%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.655%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0192+0.092%$157K$455K5xas long as short
Aster ICPUSDT+0.0100%8h3.0152−0.040%$187K$1.4M20xas long as short
Pacifica ICP+0.0100%1h3.0188+0.079%$137K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0170+0.020%$29.8M$51.7M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0160−0.014%$17.9M$18.5M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0160−0.014%$6.1M$16.8M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0170+0.020%$19.2M$9.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0140−0.080%$5.1M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0180+0.053%$7.1M$4.7M50xas long as short
BingX ICP-USDT+0.0100%8h3.0170+0.020%$5.2Mas long as short
edgeX ICPUSDC+0.0100%4h3.0156−0.027%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0111−0.175%$580K$450K10xas long as short
SunX ICP-USDT+0.0100%8h3.0140−0.080%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0190+0.086%$108K$224K20xas long as short
Extended ICP-USDlong+0.0104%1h3.0164long leg$25K$118K10x
Kraken Futures PF_ICPUSD+0.0172%1h3.0194+0.100%$535K$578K50xas long as short
BloFin ICP-USDT+0.0220%8h3.0140−0.080%$1.3M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0540+1.246%$64K$89K50xas long as short
Hyperliquid ICP+0.0272%1h3.0226+0.205%$4.8M$5.0M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0507% / S −0.0480%1h3.0187+0.077%$37K100xas long as short