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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0539%/8h= −59.1% APRnext payment $0.67 per $10,000 · paid last 24h −0.106%
Price spread now: gTrade (Gains Network) against GMX+0.002%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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$16 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ICP/USD [WBTC.b-USDC]3.0579L +0.0549% / S −0.0540%pay 0.0069% / 1h49m 11s$41K100x
ShortgTrade (Gains Network) ICP/USD3.0580L +0.0006% / S −0.0010%get 0.0001% / 1h49m 11s$27K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$113.27
Price spread: +0.002% → 0.000%
$0.23
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$135.04
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample
GMX and 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−0.1611%8h3.0390−0.619%$1.8M$766K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0306%1h3.0539−0.132%$272$46450xas long as short
Variational Omni ICP−0.0150%8h3.0556−0.076%$1.1M$107Kas long as short
Gate ICP_USDT−0.0032%8h3.0570−0.030%$2.0M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h3.0561−0.061%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDshortL +0.0006% / S −0.0010%1h3.0580+0.002%$27K150x
Injective ICP/USDC PERP+0.0033%1h2.9665−2.990%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0549−0.099%$161K$450K5xas long as short
Aster ICPUSDT+0.0100%8h3.0594+0.047%$218K$1.4M20xas long as short
Pacifica ICP+0.0100%1h3.0574−0.016%$139K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0526−0.173%$30.2M$51.0M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0500−0.259%$17.8M$18.1M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0500−0.259%$6.2M$16.7M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0570−0.030%$19.5M$9.1M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0550−0.096%$5.2M$13.1M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0550−0.096%$7.0M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h3.0560−0.063%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h3.0535−0.144%$24K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0587+0.025%$586K$435K10xas long as short
SunX ICP-USDT+0.0100%8h3.0510−0.227%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0530−0.161%$108K$220K20xas long as short
Extended ICP-USD+0.0104%1h3.0542−0.122%$26K$118K10xas long as short
Hyperliquid ICP+0.0156%1h3.0608+0.094%$4.8M$5.0M5xas long as short
Kraken Futures PF_ICPUSD+0.0170%1h3.0541−0.124%$496K$532K50xas long as short
BloFin ICP-USDT+0.0220%8h3.0520−0.194%$1.2M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0620+0.133%$64K$90K50xas long as short
GMX ICP/USD [WBTC.b-USDC]longL +0.0549% / S −0.0540%1h3.0579long leg$41K100x