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−0.0534%/8h= −58.4% APRnext payment $0.67 per $10,000 · paid last 24h −0.108%
Price spread now: dYdX against GMX+0.031%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
The price spread pays, funding is against you. dYdX is 0.031% dearer against GMX than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 5 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ICP/USD [WBTC.b-USDC]2.9880L +0.0534% / S −0.0529%pay 0.0067% / 1h25m 03s$40K100x
ShortdYdX ICP-USD2.98890get 0.0000% / 1h25m 03s$70K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against GMX. 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
−$112.05
Price spread: +0.031% → 0.000%
$3.1
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$130.95
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; dYdX: 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 GMX no order-book sample
Sell dYdX no order-book sample
GMX and dYdX: 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−0.1408%8h2.9710−0.567%$1.7M$780K50xas long as short
Variational Omni ICP−0.0245%8h2.9864−0.052%$1.1M$119Kas long as short
Injective ICP/USDC PERP−0.0199%1h2.9665−0.718%$202$200K12xas long as short
Gate ICP_USDT−0.0102%8h2.9850−0.099%$1.9M$2.7M50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0051%1h2.9886+0.022%$266$46450xas long as short
dYdX ICP-USDshort0.0000%1h2.9889+0.031%$70K$4K5x
Bybit ICPUSDT+0.0005%8h2.9870−0.032%$17.2M$17.6M75xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9887+0.024%$27K150xas long as short
Aster ICPUSDT+0.0100%8h2.9891+0.040%$188K$1.5M20xas long as short
Pacifica ICP+0.0100%1h2.9888+0.029%$135K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9880+0.002%$29.1M$48.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9860−0.065%$5.8M$15.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9880+0.002%$19.2M$8.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9880+0.002%$5.3M$12.8M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9880+0.002%$6.9M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9870−0.032%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9855−0.081%$23K$276K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9854−0.085%$572K$481K10xas long as short
SunX ICP-USDT+0.0100%8h2.9870−0.032%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9810−0.233%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9872−0.024%$24K$123K10xas long as short
Lighter ICP+0.0136%1h2.9911+0.105%$167K$442K5xas long as short
Kraken Futures PF_ICPUSD+0.0147%1h2.9916+0.122%$490K$517K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9890+0.035%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0232%1h2.9890+0.035%$62K$89K50xas long as short
GMX ICP/USD [WBTC.b-USDC]longL +0.0534% / S −0.0529%1h2.9880long leg$40K100x
Hyperliquid ICP+0.0875%1h2.9939+0.199%$4.7M$5.0M5xas long as short