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

ICP

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0198%/8h= +21.7% APRnext payment +$1.98 per $10,000 · paid last 24h +0.021%
Price spread now: Aster against Gate+0.081%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$770.773% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.093%+$9 on $10k
Price spread, last 4 days (all we have)+0.111%+$11 · spread now +0.081%, 7d avg +0.088%
Together, before fees+0.204%+ Points / potential airdropAster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.088%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.093% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ICP_USDT2.9950−0.0098get 0.0098% / 8h1h 41m$1.9M$2.7M50x
ShortAster ICPUSDT2.99740.0100get 0.0100% / 8h1h 41m$186K$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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
$41.58
Price spread: +0.081% → +0.088%
−$0.68
Slippage, 4 orders
−$54.28
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Aster: 4 bp × 2 orders
−$8
Net
−$36.39
Costs to cover
0.773%
Break-even
13.1 days
Slippage from Gate: live order book, 1 min ago; Aster: live order book, 1 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 Gate live order book, 1 min ago3.35 bp21.3 bp −$2140.1 bp −$40164.6 bp −$6,458doesn't fit
Sell Aster live order book, 1 min ago5.01 bp19.2 bp −$19207.2 bp −$2,072doesn'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−0.1256%8h2.9800−0.501%$1.7M$777K50xas long as short
Variational Omni ICP−0.0204%8h2.9852−0.327%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.952%$202$200K12xas long as short
Gate ICP_USDTlong−0.0098%8h2.9950long leg$1.9M$2.7M50x
dYdX ICP-USD0.0000%1h2.9903−0.156%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9971+0.070%$267$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9915−0.116%$27K150xas long as short
Bybit ICPUSDT+0.0073%8h2.9960+0.033%$17.4M$17.8M75xas long as short
Lighter ICP+0.0096%1h2.9991+0.137%$166K$442K5xas long as short
Aster ICPUSDTshort+0.0100%8h2.9974+0.081%$186K$1.4M20x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9906−0.146%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9968+0.059%$29.6M$49.5M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9960+0.033%$5.9M$15.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9960+0.033%$19.3M$8.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9970+0.067%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9970+0.067%$6.9M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9960+0.033%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9859−0.304%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9865−0.283%$571K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9900−0.167%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9810−0.467%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9971+0.071%$25K$124K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9890−0.200%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h3.0004+0.181%$491K$519K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0000+0.167%$63K$91K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0504% / S −0.0480%1h2.9906−0.147%$37K100xas long as short
Hyperliquid ICP+0.0649%1h3.0025+0.250%$4.8M$5.0M5xas long as short