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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC+0.033%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$290.286% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days−0.040%−$4 · spread now +0.033%, 7d avg +0.003%
Together, before fees−0.039%−$4 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: Binance is 0.030% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ICP_USDT3.01300.0100pay 0.0100% / 8h6h 26m$19.5M$10.1M50x
ShortBinance ICPUSDT3.01400.0100get 0.0100% / 8h6h 26m$29.8M$54.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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: +0.033% → +0.003%
$3.03
Slippage, 4 orders
−$18.55
Fee MEXC: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$25.52
Costs to cover
0.286%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; Binance: live order book, 15 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 MEXC live order book, 2 min ago1.66 bp3.2 bp −$310.6 bp −$10671.4 bp −$7,142148.9 bp −$74.4K
Sell Binance live order book, 15 min ago1.67 bp9.9 bp −$1025.1 bp −$251191.7 bp −$19.2Kdoesn't fit

ICP on 26 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
Variational Omni ICP−0.0004%8h2.9960−0.563%$1.1M$118Kas long as short
dYdX ICP-USD0.0000%1h3.0117−0.043%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h3.0141+0.037%$269$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0142+0.040%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.543%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0163+0.110%$165K$491K5xas long as short
Aster ICPUSDT+0.0100%8h3.0150+0.067%$293K$1.7M20xas long as short
Pacifica ICP+0.0100%1h3.0105−0.083%$136K$11K5xas long as short
Binance ICPUSDTshort+0.0100%8h3.0140+0.033%$29.8M$54.1M75x
Bybit ICPUSDT+0.0100%8h3.0140+0.033%$17.7M$19.0M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h3.0140+0.033%$5.9M$17.2M50xas long as short
Gate ICP_USDT+0.0100%8h3.0140+0.033%$1.9M$3.1M50xas long as short
MEXC ICP_USDTlong+0.0100%8h3.0130long leg$19.5M$10.1M50x
KuCoin ICPUSDTM+0.0100%8h3.01300.000%$5.0M$13.4M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0140+0.033%$7.1M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h3.0140+0.033%$6.0Mas long as short
edgeX ICPUSDC+0.0100%4h2.9990−0.463%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9947−0.609%$581K$491K10xas long as short
SunX ICP-USDT+0.0100%8h3.01300.000%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0100−0.100%$105K$239K20xas long as short
Phemex ICPUSDT+0.0100%8h3.0110−0.066%$1.8M$793K50xas long as short
Extended ICP-USD+0.0104%1h3.0137+0.024%$22K$131K10xas long as short
Coinbase International ICP-PERP-INTX+0.0256%1h3.0120−0.033%$65K$72K50xas long as short
Hyperliquid ICP+0.0284%1h3.0171+0.136%$4.7M$5.2M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0509% / S −0.0480%1h3.0138+0.026%$37K100xas long as short
Kraken Futures PF_ICPUSD+0.0890%1h3.0171+0.135%$547K$611K50xas long as short