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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0434%/8h= −47.5% APRpaid last 24h −0.096%
Price spread now: OKX against GMX+0.009%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: −$13 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ICP/USD [WBTC.b-USDC]2.9877L +0.0534% / S −0.0529%pay 0.0067% / 1h23m 19s$40K100x
ShortOKX ICP-USDT-SWAP2.98800.0100get 0.0100% / 8h2h 23m$5.8M$15.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$91.04
Price spread: +0.009% → 0.000%
$0.93
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$112.11
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; OKX: live order book, 5 min ago. 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 OKX live order book, 5 min ago1.68 bp11.6 bp −$1233.8 bp −$338doesn't fitdoesn't fit
GMX: 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−0.1412%8h2.9690−0.627%$1.7M$779K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0285%1h2.9880+0.009%$266$46450xas long as short
Variational Omni ICP−0.0245%8h2.9864−0.044%$1.1M$119Kas long as short
Injective ICP/USDC PERP−0.0199%1h2.9665−0.710%$202$200K12xas long as short
Gate ICP_USDT−0.0096%8h2.9840−0.125%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9889+0.039%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9876−0.003%$27K150xas long as short
Bybit ICPUSDT+0.0011%8h2.9860−0.058%$17.2M$17.6M75xas long as short
Aster ICPUSDT+0.0100%8h2.9875−0.008%$188K$1.5M20xas long as short
Pacifica ICP+0.0100%1h2.9886+0.030%$135K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9878+0.002%$29.1M$48.9M75xas long as short
OKX ICP-USDT-SWAPshort+0.0100%8h2.9880+0.009%$5.8M$15.7M50x
MEXC ICP_USDT+0.0100%8h2.9870−0.024%$19.2M$8.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9870−0.024%$5.3M$12.8M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9880+0.009%$6.9M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9870−0.024%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9855−0.074%$23K$276K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9854−0.077%$572K$481K10xas long as short
SunX ICP-USDT+0.0100%8h2.9870−0.024%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9770−0.359%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9870−0.023%$24K$123K10xas long as short
Lighter ICP+0.0144%1h2.9906+0.096%$167K$442K5xas long as short
Kraken Futures PF_ICPUSD+0.0147%1h2.9909+0.107%$490K$517K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9880+0.009%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0232%1h2.9890+0.043%$62K$89K50xas long as short
GMX ICP/USD [WBTC.b-USDC]longL +0.0534% / S −0.0529%1h2.9877long leg$40K100x
Hyperliquid ICP+0.0873%1h2.9937+0.200%$4.7M$5.0M5xas long as short