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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: SunX against Lighter−0.082%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1861.861% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.182%+$18 on $10k
Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.082%, 7d avg −0.066%
Together, before fees+0.225%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ICP2.93040.0096pay 0.0012% / 1h34m 56s$138K$495K5x
ShortSunX ICP-USDT2.92800.0100get 0.0100% / 8h1h 34m$1K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$0.84
Price spread: −0.082% → −0.066%
−$1.6
Slippage, 4 orders
−$178.12
Fee Lighter: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$186.88
Costs to cover
1.861%
Break-even
1564.3 days
Slippage from Lighter: live order book, 65 min ago; SunX: live order book, 10 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 Lighter live order book, 65 min ago2.06 bp18.4 bp −$1839.7 bp −$397doesn't fitdoesn't fit
Sell SunX live order book, 10 min ago49.23 bp74.8 bp −$75doesn't fitdoesn'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−0.0316%1h2.9323+0.066%$520K$663K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0296%1h2.9291−0.044%$191$43950xas long as short
Phemex ICPUSDT−0.0075%8h2.9320+0.055%$1.7M$676K50xas long as short
dYdX ICP-USD0.0000%1h2.9329+0.086%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9313+0.030%$10K150xas long as short
Variational Omni ICP+0.0010%8h2.9280−0.082%$1.0M$133Kas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.232%$202$200K12xas long as short
Lighter ICPlong+0.0096%1h2.9304long leg$138K$495K5x
Hyperliquid ICP+0.0100%1h2.9341+0.128%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9315+0.037%$260K$1.1M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9322+0.062%$132K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9300−0.014%$28.7M$48.5M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9280−0.082%$17.1M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9290−0.048%$5.6M$14.8M50xas long as short
Gate ICP_USDT+0.0100%8h2.9290−0.048%$1.8M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9290−0.048%$18.6M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9300−0.014%$4.8M$12.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9310+0.020%$6.9M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9290−0.048%$5.7Mas long as short
edgeX ICPUSDC+0.0100%4h2.9363+0.201%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9368+0.217%$561K$537K10xas long as short
SunX ICP-USDTshort+0.0100%8h2.9280−0.082%$1K$1.5M20x
HTX ICP-USDT+0.0100%8h2.9310+0.020%$102K$112K20xas long as short
Extended ICP-USD+0.0104%1h2.9293−0.037%$23K$127K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9310+0.020%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9490+0.635%$57K$68K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0409% / S −0.0331%1h2.9300−0.014%$28K100xas long as short