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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.032%
Price spread now: Aster against Injective+2.850%97s7-day average −0.816% · 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)+0.158%+$16 on $10k
Price spread, last 3 days (all we have)−2.932%−$293 · spread now +2.850%, 7d avg −0.816%
Together, before fees−2.774%+ Points / potential airdropAster: Stage 5 · farm board−$277 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 3.666% dearer against Injective than usual: you sell high and buy low: +$367 more if the spread goes back to its 7-day average of −0.816%. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ICP/USDC PERP2.96650.0033pay 0.0004% / 1h19m 42s$202$200K12x
ShortAster ICPUSDT3.05100.0100get 0.0100% / 8h7h 19m$337K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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
$14
Price spread: +2.850% → −0.816%
$366.57
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aster: 4 bp × 2 orders
−$8
Net
$372.55
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Aster: live order book, 3 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 Injective no order-book sample
Sell Aster live order book, 3 min ago3.27 bp20.9 bp −$21149.5 bp −$1,495doesn't fitdoesn't fit
Injective: 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
Kraken Futures PF_ICPUSD−0.0121%1h3.0551+2.988%$557K$598K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0078%1h3.0491+2.784%$272$46450xas long as short
Variational Omni ICP−0.0057%8h3.0460+2.680%$1.1M$110Kas long as short
dYdX ICP-USD0.0000%1h3.0474+2.727%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0503+2.827%$23K150xas long as short
Injective ICP/USDC PERPlong+0.0033%1h2.9665long leg$202$200K12x
Lighter ICP+0.0096%1h3.0524+2.896%$174K$480K5xas long as short
Aster ICPUSDTshort+0.0100%8h3.0510+2.850%$337K$1.6M20x
Pacifica ICP+0.0100%1h3.0483+2.758%$138K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0485+2.763%$30.5M$52.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0450+2.646%$18.1M$18.6M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0480+2.747%$6.2M$16.8M50xas long as short
Gate ICP_USDT+0.0100%8h3.0480+2.747%$2.0M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0490+2.781%$19.8M$9.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0490+2.781%$5.1M$13.4M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0500+2.815%$7.2M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h3.0480+2.747%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h3.0507+2.840%$24K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0505+2.830%$579K$475K10xas long as short
SunX ICP-USDT+0.0100%8h3.0470+2.714%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0480+2.747%$107K$239K20xas long as short
Phemex ICPUSDT+0.0100%8h3.0560+3.017%$1.8M$777K50xas long as short
Extended ICP-USD+0.0104%1h3.0480+2.747%$23K$137K10xas long as short
Hyperliquid ICP+0.0160%1h3.0522+2.889%$4.7M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0500+2.815%$1.3M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0520+2.882%$63K$66K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0511% / S −0.0480%1h3.0495+2.799%$38K100xas long as short