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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.113%
Price spread now: Deribit against Gate0.000%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ICP_USDT2.98000.0100pay 0.0100% / 8h5h 43m$1.9M$3.1M50x
ShortDeribit ICP_USDC-PERPETUAL2.98000get 0.0000% / 1h43m 01s$266$46450x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
−$21
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$43
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 5 min ago; Deribit: no order-book sample. 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 Gate live order book, 5 min ago1.68 bp19.9 bp −$2037.5 bp −$37558.5 bp −$5,854doesn't fit
Sell Deribit no order-book sample
Deribit: 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
dYdX ICP-USD0.0000%1h2.9748−0.174%$69K$4K5xas long as short
Deribit ICP_USDC-PERPETUALshort0.0000%1h2.98000.000%$266$46450x
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9783−0.059%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.453%$202$200K12xas long as short
Variational Omni ICP+0.0044%8h2.9685−0.387%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9830+0.101%$162K$483K5xas long as short
Hyperliquid ICP+0.0100%1h2.9846+0.154%$4.6M$5.0M5xas long as short
Aster ICPUSDT+0.0100%8h2.9790−0.034%$275K$1.7M20xas long as short
Pacifica ICP+0.0100%1h2.9751−0.163%$135K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9840+0.134%$29.4M$53.5M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9830+0.101%$17.3M$19.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9840+0.134%$5.8M$17.0M50xas long as short
Gate ICP_USDTlong+0.0100%8h2.9800long leg$1.9M$3.1M50x
MEXC ICP_USDT+0.0100%8h2.98000.000%$19.3M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9790−0.034%$4.9M$13.2M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9830+0.101%$7.0M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h2.98000.000%$6.0Mas long as short
edgeX ICPUSDC+0.0100%4h2.9733−0.223%$23K$281K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9691−0.365%$564K$492K10xas long as short
SunX ICP-USDT+0.0100%8h2.9740−0.201%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h2.9780−0.067%$104K$182K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9820+0.067%$1.8M$794K50xas long as short
Extended ICP-USD+0.0104%1h2.9832+0.108%$22K$123K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9730−0.235%$1.3M$2.2M75xas long as short
Kraken Futures PF_ICPUSD+0.0294%1h2.9852+0.176%$525K$640K50xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9750−0.168%$64K$67K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0506% / S −0.0480%1h2.9787−0.043%$37K100xas long as short