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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%
Price spread now: Bitget against gTrade (Gains Network)+0.044%7-day average · you sell dearer than you buy
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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.044% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ICP/USD2.9797L +0.0006% / S −0.0010%pay 0.0001% / 1h34m 52s$27K150x
ShortBitget ICPUSDT2.98100.0100get 0.0100% / 8h2h 34m$6.8M$4.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$19.67
Price spread: +0.044% → 0.000%
$4.36
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$2.04
Costs to cover
0.220%
Break-even
6.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 3 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 gTrade (Gains Network) no order-book sample
Sell Bitget live order book, 3 min ago3.36 bp14.9 bp −$1537.0 bp −$370doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ICPUSDT−0.1299%8h2.9680−0.393%$1.7M$782K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0287%1h2.9787−0.034%$265$46450xas long as short
Variational Omni ICP−0.0263%8h2.9734−0.212%$1.1M$119Kas long as short
Injective ICP/USDC PERP−0.0199%1h2.9665−0.443%$202$200K12xas long as short
Gate ICP_USDT−0.0120%8h2.9770−0.091%$1.9M$2.7M50xas long as short
Bybit ICPUSDT−0.0025%8h2.9790−0.023%$17.1M$17.6M75xas long as short
dYdX ICP-USD0.0000%1h2.9754−0.144%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDlongL +0.0006% / S −0.0010%1h2.9797long leg$27K150x
Aster ICPUSDT+0.0100%8h2.9799+0.007%$187K$1.5M20xas long as short
Pacifica ICP+0.0100%1h2.9772−0.083%$135K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9787−0.034%$28.9M$48.6M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9790−0.023%$5.8M$15.6M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9790−0.023%$19.6M$8.4M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9790−0.023%$5.3M$12.8M50xas long as short
Bitget ICPUSDTshort+0.0100%8h2.9810+0.044%$6.8M$4.4M50x
BingX ICP-USDT+0.0100%8h2.9770−0.091%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9693−0.348%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9759−0.128%$570K$481K10xas long as short
SunX ICP-USDT+0.0100%8h2.9740−0.191%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9650−0.493%$106K$218K20xas long as short
Extended ICP-USD+0.0104%1h2.9786−0.036%$24K$123K10xas long as short
Lighter ICP+0.0128%1h2.9821+0.081%$167K$442K5xas long as short
Kraken Futures PF_ICPUSD+0.0148%1h2.9800+0.011%$496K$510K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9790−0.023%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0232%1h2.9790−0.023%$62K$88K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9791−0.020%$31K100xas long as short
Hyperliquid ICP+0.0959%1h2.9874+0.258%$4.8M$4.9M5xas long as short