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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against Gate−0.033%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$630.633% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.058%+$6 on $10k
Price spread, last 7 days+0.034%+$3 · spread now −0.033%, 7d avg −0.026%
Together, before fees+0.091%+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ICP_USDT3.00000.0100pay 0.0100% / 8h6h 09m$1.9M$3.1M50x
ShortBybit ICPUSDT2.99900.0100get 0.0100% / 8h6h 09m$17.6M$19.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$0
Price spread: −0.033% → −0.026%
−$0.74
Slippage, 4 orders
−$37.3
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$64.04
Costs to cover
0.633%
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago1.66 bp19.0 bp −$1944.1 bp −$44172.0 bp −$7,196doesn't fit
Sell Bybit live order book, 4 min ago1.66 bp12.0 bp −$1229.7 bp −$297459.4 bp −$45.9Kdoesn't fit

ICP on 26 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
Deribit ICP_USDC-PERPETUAL−0.0250%1h3.0008+0.027%$267$46450xas long as short
Phemex ICPUSDT−0.0024%8h2.9990−0.033%$1.8M$798K50xas long as short
dYdX ICP-USD0.0000%1h3.0079+0.265%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0013+0.042%$23K150xas long as short
Variational Omni ICP+0.0014%8h3.0080+0.266%$1.1M$116Kas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.117%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9998−0.007%$163K$492K5xas long as short
Aster ICPUSDT+0.0100%8h3.0024+0.081%$279K$1.7M20xas long as short
Pacifica ICP+0.0100%1h3.0073+0.245%$136K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.00000.000%$29.6M$53.7M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDTshort+0.0100%8h2.9990−0.033%$17.6M$19.0M75x
OKX ICP-USDT-SWAP+0.0100%8h2.9980−0.067%$5.8M$17.0M50xas long as short
Gate ICP_USDTlong+0.0100%8h3.0000long leg$1.9M$3.1M50x
MEXC ICP_USDT+0.0100%8h3.00000.000%$19.4M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9980−0.067%$4.9M$13.4M50xas long as short
Bitget ICPUSDT+0.0100%8h3.00000.000%$7.0M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h2.9990−0.033%$6.0Mas long as short
edgeX ICPUSDC+0.0100%4h3.0045+0.149%$23K$281K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0077+0.255%$583K$491K10xas long as short
SunX ICP-USDT+0.0100%8h3.0010+0.033%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0030+0.100%$105K$239K20xas long as short
Extended ICP-USD+0.0104%1h2.9980−0.066%$22K$125K10xas long as short
Hyperliquid ICP+0.0145%1h3.0018+0.060%$4.7M$5.0M5xas long as short
Coinbase International ICP-PERP-INTX+0.0256%1h3.0140+0.467%$65K$71K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0509% / S −0.0480%1h3.0012+0.041%$37K100xas long as short
Kraken Futures PF_ICPUSD+0.0894%1h3.0049+0.163%$545K$609K50xas long as short