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+0.0138%/8h= +15.1% APRnext payment +$0.17 per $10,000 · paid last 24h +0.027%
Price spread now: Lighter against gTrade (Gains Network)+0.051%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 fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.051% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 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/USD2.9887L +0.0006% / S −0.0010%pay 0.0001% / 1h21m 06s$27K150x
ShortLighter ICP2.99020.0144get 0.0018% / 1h21m 06s$167K$442K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$28.91
Price spread: +0.051% → 0.000%
$5.12
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$24.03
Costs to cover
0.100%
Break-even
1.2 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 62 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 Lighter live order book, 62 min ago2.19 bp4.1 bp −$427.8 bp −$278doesn'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−0.1415%8h2.9680−0.692%$1.7M$779K50xas long as short
Variational Omni ICP−0.0245%8h2.9864−0.076%$1.1M$119Kas long as short
Injective ICP/USDC PERP−0.0199%1h2.9665−0.742%$202$200K12xas long as short
Deribit ICP_USDC-PERPETUAL−0.0185%1h2.9878−0.029%$266$46450xas long as short
Gate ICP_USDT−0.0091%8h2.9850−0.123%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9889+0.007%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDlongL +0.0006% / S −0.0010%1h2.9887long leg$27K150x
Bybit ICPUSDT+0.0016%8h2.9860−0.089%$17.2M$17.6M75xas long as short
Aster ICPUSDT+0.0100%8h2.9882−0.017%$188K$1.5M20xas long as short
Pacifica ICP+0.0100%1h2.9883−0.013%$135K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9870−0.056%$29.1M$48.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9860−0.089%$5.8M$15.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9880−0.022%$19.2M$8.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9880−0.022%$5.3M$12.8M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9880−0.022%$6.8M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9870−0.056%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9874−0.042%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9871−0.051%$572K$481K10xas long as short
SunX ICP-USDT+0.0100%8h2.9880−0.022%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9770−0.390%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9868−0.062%$24K$123K10xas long as short
Lighter ICPshort+0.0144%1h2.9902+0.051%$167K$442K5x
Kraken Futures PF_ICPUSD+0.0148%1h2.9902+0.051%$490K$518K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9860−0.089%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0232%1h2.9890+0.011%$62K$89K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0533% / S −0.0529%1h2.9877−0.034%$40K100xas long as short
Hyperliquid ICP+0.0873%1h2.9929+0.142%$4.7M$5.0M5xas long as short