Funding arb · Price arb /

ICP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%

Price spread now: Aster against gTrade (Gains Network)−0.031%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.031% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ICP/USD	3.0295	L +0.0006% / S −0.0010%	pay 0.0001% / 1h	57m 12s	$27K	—	150x
Short	Aster ICPUSDT	3.0286	0.0100	get 0.0100% / 8h	57m 12s	$195K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.031%Rate

Funding earned: $19.67
Price spread: −0.031% → 0.000%: −$3.07
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1.39
Costs to cover: 0.180%
Break-even: 7.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	3.31 bp	17.8 bp −$18	185.1 bp −$1,851	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ICP on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ICPUSDT	−0.1513%	8h	3.0110	−0.610%	$1.8M	$767K	50x	as long as short
Variational Omni ICP	−0.0145%	8h	3.0011	−0.937%	$1.1M	$107K	—	as long as short
Gate ICP_USDT	−0.0030%	8h	3.0270	−0.082%	$2.0M	$2.8M	50x	as long as short
dYdX ICP-USD	0.0000%	1h	3.0187	−0.357%	$70K	$4K	5x	as long as short
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	3.0305	+0.034%	$270	$464	50x	as long as short
gTrade (Gains Network) ICP/USDlong	L +0.0006% / S −0.0010%	1h	3.0295	long leg	$27K	—	150x
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−2.079%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	3.0332	+0.123%	$160K	$450K	5x	as long as short
Aster ICPUSDTshort	+0.0100%	8h	3.0286	−0.031%	$195K	$1.4M	20x
Pacifica ICP	+0.0100%	1h	3.0187	−0.356%	$137K	$11K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ICPUSDT	+0.0100%	8h	3.0294	−0.003%	$30.0M	$50.6M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	3.0290	−0.016%	$17.6M	$18.0M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	3.0270	−0.082%	$6.0M	$16.3M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	3.0260	−0.115%	$19.4M	$8.9M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	3.0270	−0.082%	$4.9M	$13.0M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	3.0280	−0.049%	$6.9M	$4.5M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	3.0260	−0.115%	—	$4.9M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	3.0119	−0.581%	$23K	$277K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	3.0029	−0.876%	$575K	$435K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	3.0270	−0.082%	$1K	$1.8M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	3.0160	−0.445%	$107K	$220K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	3.0274	−0.067%	$25K	$118K	10x	as long as short
Kraken Futures PF_ICPUSD	+0.0171%	1h	3.0308	+0.045%	$492K	$529K	50x	as long as short
BloFin ICP-USDT	+0.0220%	8h	3.0290	−0.016%	$1.2M	$2.3M	75x	as long as short
Coinbase International ICP-PERP-INTX	+0.0240%	1h	3.0220	−0.247%	$63K	$90K	50x	as long as short
Hyperliquid ICP	+0.0378%	1h	3.0311	+0.053%	$4.8M	$5.0M	5x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0508% / S −0.0480%	1h	3.0291	−0.012%	$38K	—	100x	as long as short