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% APRpaid last 24h 0.000%
Price spread now: edgeX against GRVT−0.061%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$590.585% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.061%, 7d avg −0.008%
Together, before fees−0.003%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.053% cheaper against GRVT than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT ICP_USDT_Perp2.95570.0100pay 0.0100% / 8h1h 59m$563K$513K10x
ShortedgeX ICPUSDC2.95390.0100get 0.0050% / 4h1h 59m$23K$280K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against GRVT. 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: −0.061% → −0.008%
−$5.31
Slippage, 4 orders
−$40.55
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$63.85
Costs to cover
0.585%
Break-even
never at this rate
Slippage from GRVT: live order book, 49 min ago; edgeX: live order book, 48 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 GRVT live order book, 49 min ago3.42 bp19.5 bp −$19121.7 bp −$1,217doesn't fitdoesn't fit
Sell edgeX live order book, 48 min ago6.84 bp11.5 bp −$1226.5 bp −$265doesn't fitdoesn't fit

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
Kraken Futures PF_ICPUSD−0.0313%1h2.9564+0.024%$524K$665K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0190%1h2.9546−0.037%$192$43950xas long as short
Phemex ICPUSDT−0.0089%8h2.9430−0.430%$1.8M$676K50xas long as short
dYdX ICP-USD0.0000%1h2.9564+0.024%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9551−0.021%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.365%$202$200K12xas long as short
Variational Omni ICP+0.0058%8h2.9540−0.059%$1.1M$133Kas long as short
Lighter ICP+0.0096%1h2.9556−0.003%$139K$495K5xas long as short
Aster ICPUSDT+0.0100%8h2.9562+0.016%$264K$1.2M20xas long as short
Pacifica ICP+0.0100%1h2.9552−0.016%$133K$9K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9550−0.024%$28.9M$48.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9550−0.024%$17.2M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9560+0.010%$5.7M$15.0M50xas long as short
Gate ICP_USDT+0.0100%8h2.9530−0.091%$1.9M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9560+0.010%$18.6M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9550−0.024%$4.8M$12.2M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9590+0.112%$7.0M$4.7M50xas long as short
BingX ICP-USDT+0.0100%8h2.9570+0.044%$5.8Mas long as short
edgeX ICPUSDCshort+0.0100%4h2.9539−0.061%$23K$280K10x
GRVT ICP_USDT_Perplong+0.0100%8h2.9557long leg$563K$513K10x
SunX ICP-USDT+0.0100%8h2.9530−0.091%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9470−0.294%$103K$118K20xas long as short
Extended ICP-USD+0.0104%1h2.9532−0.085%$23K$131K10xas long as short
Hyperliquid ICP+0.0142%1h2.9585+0.095%$4.6M$4.8M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9580+0.078%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9590+0.112%$58K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0434% / S −0.0367%1h2.9555−0.008%$31K100xas long as short