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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%
Price spread now: OKX against KuCoin−0.068%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$760.758% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.028%−$3 on $10k
Price spread, last 7 days+0.094%+$9 · spread now −0.068%, 7d avg −0.030%
Together, before fees+0.066%+$7 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: OKX is 0.038% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ICPUSDTM2.94000.0100pay 0.0100% / 8h22m 15s$4.9M$11.6M50x
ShortOKX ICP-USDT-SWAP2.93800.0100get 0.0100% / 8h22m 15s$5.7M$14.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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: −0.068% → −0.030%
−$3.85
Slippage, 4 orders
−$53.83
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$79.67
Costs to cover
0.758%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; OKX: live order book, 1 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 KuCoin live order book, 6 min ago1.70 bp28.1 bp −$2878.3 bp −$783doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago1.70 bp10.6 bp −$1140.5 bp −$405doesn'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
Phemex ICPUSDT−0.0262%8h2.9410+0.034%$1.7M$685K50xas long as short
Kraken Futures PF_ICPUSD−0.0212%1h2.9438+0.130%$521K$662K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0158%1h2.9392−0.027%$191$43950xas long as short
Variational Omni ICP−0.0147%8h2.9400−0.001%$1.0M$135Kas long as short
dYdX ICP-USD0.0000%1h2.9434+0.116%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9412+0.042%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.901%$202$200K12xas long as short
Bybit ICPUSDT+0.0055%8h2.9370−0.102%$17.0M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9397−0.010%$137K$489K5xas long as short
Hyperliquid ICP+0.0100%1h2.9423+0.078%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9397−0.010%$271K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9427+0.093%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9390−0.034%$28.7M$47.9M75xas long as short
OKX ICP-USDT-SWAPshort+0.0100%8h2.9380−0.068%$5.7M$14.2M50x
Gate ICP_USDT+0.0100%8h2.9390−0.034%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9390−0.034%$19.1M$9.9M50xas long as short
KuCoin ICPUSDTMlong+0.0100%8h2.9400long leg$4.9M$11.6M50x
Bitget ICPUSDT+0.0100%8h2.9410+0.034%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9380−0.068%$5.6Mas long as short
edgeX ICPUSDC+0.0100%4h2.9422+0.074%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9410+0.034%$567K$568K10xas long as short
SunX ICP-USDT+0.0100%8h2.9390−0.034%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9410+0.034%$103K$113K20xas long as short
Extended ICP-USD+0.0104%1h2.9385−0.052%$22K$233K10xas long as short
BloFin ICP-USDT+0.0220%8h2.94000.000%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0376%1h2.9750+1.190%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9409+0.031%$32K100xas long as short