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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRnext payment $0.12 per $10,000 · paid last 24h −0.029%
Price spread now: dYdX against Lighter−0.057%7-day average · you buy dearer than you sell
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 7 days−0.030%−$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.057% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ICP2.96820.0096pay 0.0012% / 1h24m 49s$157K$487K5x
ShortdYdX ICP-USD2.96650get 0.0000% / 1h24m 49s$69K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Lighter. 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
−$20.16
Price spread: −0.057% → 0.000%
−$5.72
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$35.88
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Lighter: live order book, 25 min ago; dYdX: 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 Lighter live order book, 25 min ago0.68 bp17.4 bp −$1738.1 bp −$381doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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
dYdX ICP-USDshort0.0000%1h2.9665−0.057%$69K$3K5x
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9667−0.051%$264$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9671−0.037%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.057%$202$200K12xas long as short
Phemex ICPUSDT+0.0073%8h2.9620−0.209%$1.8M$791K50xas long as short
Variational Omni ICP+0.0094%8h2.9615−0.227%$1.1M$116Kas long as short
Lighter ICPlong+0.0096%1h2.9682long leg$157K$487K5x
Aster ICPUSDT+0.0100%8h2.9670−0.040%$270K$1.6M20xas long as short
Pacifica ICP+0.0100%1h2.9657−0.084%$134K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9650−0.108%$29.1M$50.8M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9640−0.141%$17.2M$18.3M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9650−0.108%$5.7M$16.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9650−0.108%$1.9M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9640−0.141%$19.9M$10.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9650−0.108%$4.8M$12.7M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9660−0.074%$7.0M$4.7M50xas long as short
BingX ICP-USDT+0.0100%8h2.9660−0.074%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9646−0.120%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9665−0.058%$565K$467K10xas long as short
SunX ICP-USDT+0.0100%8h2.9670−0.040%$2K$1.6M20xas long as short
HTX ICP-USDT+0.0100%8h2.9630−0.175%$104K$151K20xas long as short
Extended ICP-USD+0.0104%1h2.9642−0.135%$23K$130K10xas long as short
Hyperliquid ICP+0.0184%1h2.9692+0.034%$4.6M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9660−0.074%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9820+0.465%$67K$61K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0536% / S −0.0528%1h2.9666−0.053%$39K100xas long as short
Kraken Futures PF_ICPUSD+0.0568%1h2.9693+0.035%$521K$601K50xas long as short